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Czech markets  |  March 27, 2013 09:37:23

CEZ: Romania's government reportedly plans to reduce its support for renewable


According to the newspaper the new Romanian government plans to reduce subsidies of renewable resources. Change should occur in July. It is not yet clear how much funding will fall and what sources of renewable energy, a new law limiting. CEZ is part of the negotiations on the New Testament. According to the press Romanian government prefers more restrictions on photovoltaic and hydroelectric power, not wind farms. CEZ Romania's own distribution company and operates a wind farm with an output of 600MW. Although it is not yet clear framework of possible constraints and report on the possible limits of funding investors pleased.

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