Swiss group gives up CHF 200 mln green investments in Romania

Swiss group Repower changed its mind about investing in Romania’s renewable energy, due to law changes. The company was planning to invest about CHF 200 million (EUR 191 mln) in renewable energy production units, as well as in hydro power plants, reports local Capital.ro. The capacity should have amounted to 100 MW by 2020. Despite its recent decision, the local subsidiary, which has a 5% market share among independent power suppliers, will still invest some EUR 1 million in the local market, in new products and services. The company will also focus on energy retail this year. editor@romania-insider.com