Rios Renovables subsidiary from Romania go to insolvency

Firms Rios Solar Renovables and Rios Total Solar, part of Spanish group Rios Renovables, which develops green energy projects in Romania, filed for insolvency at the beginning of August.

The group have 10MW PV plant in Timis and projects to develop 140MW winds farms in Romania. This hard situation for Rios was after the change of green support at the middle of 2013.

Frimu Ghinea