French group Filasa, which is controlled by the Lacoste family, has given up on the investments in wind parks in Romania, which it had announced three years ago, according to Economica.net news portal.

The group has filed for insolvency for its 40 firms in Romania, through which the group was supposed to make the investments. In 2011, the group announced investments of more than EUR 3 billion in several wind parks in Romania, with a cumulated capacity of 2,500 MW.

Filasa International announced EUR 780 million worth of investments in wind parks in Suceava county, in Northern Romania, which were later reviewed at EUR 1 billion. The construction work was supposed to start in September 2012. The group also planned EUR 800 million investments in three wind parks in Braila county, with a total capacity of 400 MW.

Romania currently has about 4,500 MW of renewable energy capacities installed.

editor@romania-insider.com