Local legislation has rendered a wind power plant in Targuşor, Constanța county, unfeasible, according to its operator Monsson Group, controlled by businessman Emanuel Muntmark, Ziarul Financiar’s portal said.
The company and its project partners decided to remove turbines from the 27 MW project due to market uncertainty, Romania Insider reported. “Unfortunately, major changes in renewables legislation don’t allow the project to further meet the economic parameters estimated initially, becoming financially unfeasible. As a result, we’ve decided to remove the wind turbines,” said Sebastian Enache, business development manager of Monsson Group. The company will keep the infrastructure and the transformation station, with further moves yet to be decided on.
Monsson said it could decide to redirect capital towards other markets. The wind park was built in 2012. However, it wasn’t connected to the grid, because of legislative framework, according to Sebastian Enache. Established in 1997, Monsson Group has invested over EUR 200 million in Romania, in building and operating wind and solar parks, the report said. The group currently operates in 20 countries.