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Czech CEZ lodges EU complaint over Romanian renewable changes


CEZ has complained to the European Commission over delays by Romania in paying green energy subsidies that may cost the Czech utility up to 66 million euros ($89 million) a year. Foreign-owned firms have ploughed billions of euros into wind, solar, biomass and hydro power projects in the Balkan nation, lured by the prospect of earning payouts for generating a certain amount of renewable power.

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