Monsson Group to shut down 27 MW wind park in Romania – report, Investors
Bucharest (Romania)- Wind power project developer Monsson Group has decided to take down a 27 MW park in Romania as legal changes have made the project financially unfeasible, local media reported on Tuesday.
Monsson Group, controlled by businessman Emanuel Muntmark, is the first investor in Romania to decide to dismantle wind turbines, financial daily Ziarul Financiar said.
“Following the regulations adopted by the government over the last two years and due to the uncertainty on the renewable energy market, Monsson Group has decided together with its project partners to dismantle the turbines from the 27 MW CEE Targusor power plant,” the daily quoted Monsson Group business development manager Sebastian Enache as saying.
The changes in the legislation have make the project unfeasible from a financial point of view, he added.
Targusor wind park, located in the southeastern county of Constanta, was installed in 2012 but has never been put into operation due to the unfavourable regulatory environment, Enache also said.
- June 14, 2023 The Serbian Institute for Critical Materials launches a regional mining platform for knowledge exchange
- April 24, 2023 Without sustainable mining, there is no renewable future
- March 25, 2023 Europe revives mining to reduce dependence on the import of key raw materials
- March 8, 2023 Calcium Carbonate Industry, Reshaping the Market Growth, Serbian supplier to match European industrial demand
- August 13, 2023 Environment South East Europe Watch temporarily suspends the activity
- August 9, 2023 Regional Coalition Aims to Protect Up to 400 Kilometres of Rivers Across Southeast Europe
- August 9, 2023 Meeting Serbia’s Energy Needs: A Smart Siting Map for Solar Power