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Sustainability 2017, 9(10), 1722; doi:10.3390/su9101722

Sustainability and Financial Performance of Companies in the Energy Sector in Romania

Faculty of Business, Universitatea Babes-Bolyai, 400174 Cluj-Napoca, Romania
Received: 29 August 2017 / Revised: 14 September 2017 / Accepted: 20 September 2017 / Published: 25 September 2017
(This article belongs to the Section Energy Sustainability)
View Full-Text   |   Download PDF [343 KB, uploaded 25 September 2017]

Abstract

In the article, we focus on the question of sustainability in the renewable energy sector of Romania. The aim of the current paper is to analyze the financial performance of the companies operating in the field. Our assumption is that the success of the implementation of the energy switch from classic to renewables relies on the businesses operating in this industry. In our article, we have selected the most prominent players in the energy industry, comparing the performance of those that are producing renewable energy to the ones that are producing energy using fossil fuels. Our analysis has shown that, starting with 2013, the companies have encountered financial difficulties, which has led to a halt in investments and the questioning of the sustainability of entering the market. After analyzing the data, we have seen that the investments have been rather opportunistic, based on the commitment of the government to keep the subsidies introduced by the policy, and have not been based on the realistic long-term financial performance of the companies in this area. View Full-Text
Keywords: financial performance; renewable energy policy; net income; sustainability financial performance; renewable energy policy; net income; sustainability
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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Paun, D. Sustainability and Financial Performance of Companies in the Energy Sector in Romania. Sustainability 2017, 9, 1722.

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