Enel drops coal power plant project in Romania
November 11, 2013
After a five year planning and permitting process, and citing economic reasons, Italian energy giant Enel announced last month that it will not now be moving forward with a coal-fired power plant project in Romania. The company had been working on the project – a proposed 800 MW facility to have been sited in Galati, at an estimated cost of EUR 1 billion – since before the outbreak of the economic crisis, since when progress has been slow.
The many faces of coal subsidies. A glance at Romania.
May 29, 2012
The case of two Enel investments in Romania illustrates how subsidies for coal power can be ambiguous, but provide very concrete disincentives for investments in renewable energy.
