“The potential investors were reluctant to lodge an offer until the law regarding the state’s support for renewable energy producers is in its final form,” CE Hunedoara officials told Mediafax.
CE Hunedoara’s project for a micro hydropower plant is estimated at EUR21 million. The company said proceedings to attract an investor are ongoing.
Romania, which had one of the most generous support schemes for renewable energy in Europe, reduced its stimulus in the sector earlier this year, stirring a wave of protests from investors.