Business
Romania emerges as a key destination for green investment
Romania is increasingly positioning itself as a promising destination for green investments, with several sectors showing strong potential.
European Energy has finalized two agreements for the sale of a portfolio comprising six operational wind farms in Poland to Enea.
ABB Robotics' third Automotive Manufacturing Outlook Survey, conducted in collaboration with Automotive Manufacturing Solutions, reveals that global manufacturers and top-tier suppliers see the transition to Smart Factories as a vital step forward
PGE Polska Grupa Energetyczna is placing a strong emphasis on energy storage as part of its long-term strategy.
Polish solar developer R.Power has secured €12.4 million in project financing to support the development of its first solar projects in Romania, targeting a combined capacity of 23 MWp.
The European Commission has adopted, for the first time, a list of 47 Strategic Projects to boost domestic strategic raw material capacities, which will in turn strengthen the European raw materials value chain and diversify sources of supply.
Romanian tech and engineering firm Simtel Team has signed a ten-year Power Purchase Agreement (PPA) to supply approximately 736 GWh of green electricity to its subsidiary, energy supplier GES Furnizare.
The Polish Council of Ministers has approved a draft law on wind energy that reduces the minimum required distance between wind turbines and residential buildings from 700 to 500 meters.
Hidroelectrica has completed maintenance on hydroaggregate no. 1 (HA1) at the Porțile de Fier I Hydroelectric Power Plant.
The European Commission has taken a key step in advancing Europe's technological leadership and sustainability goals by creating three new European Partnerships on advanced materials, textiles, and photovoltaics.
Hungary's solar energy production soared to unprecedented level setting a new national record and underscoring the country's accelerating transition toward renewable energy sources.
Orlen has signed a third financing agreement with the European Investment Bank (EIB) to support the expansion of its electricity distribution infrastructure.
With electricity prices set to surge from July 1, Romanians are scrambling for solutions to avoid skyrocketing bills.
In 2024, 47.4% of net electricity generated in the EU came from renewable energy sources, up by 2.6 percentage points (pp) compared with 2023.
PPC Group will strengthen its presence in the Bulgarian energy market with the construction of a new 165 MW photovoltaic plant equipped with a battery storage system.
Faerch, a global leader in sustainable food packaging solutions, is proud to announce the signing of a new 10-year power purchase agreement (PPA) with Eurowind Energy – Faerch's first ever wind PPA.
Photon Energy has expanded its solar portfolio in Hungary by commissioning three new solar parks operating under a merchant model.
OMV Petrom has officially started construction on a new facility for producing sustainable aviation fuel (SAF) and renewable diesel (HVO) at the Petrobrazi refinery.
Tupras, Turkey's largest industrial group, has entered the Romanian market by acquiring a 214.26 MW photovoltaic plant from British company Econergy International for an updated total price of €33.2 million.
The European Investment Bank (EIB) will advise the Romanian municipality of Ploiești on green transport projects as part of a Europe-wide push to make urban life healthier for people and the environment.
The European Commission and the European Investment Bank (EIB) Group are collaborating with national promotional banks (NPBs) and international financial institutions (IFIs) to create new financing opportunities for affordable and sustainable housing across Europe.
IFC, a member of the World Bank Group, and the Asian Infrastructure Investment Bank (AIIB) are investing €200 million in senior unsecured bonds to support infrastructure development in Europe.
Greenvolt has partnered with BYD to deploy 400MW of battery energy storage system (BESS) capacity across two projects in Poland.
The European Commission has launched a public consultation inviting all interested parties to express their views on the functioning of the competition rules applicable to vertical agreements in the automotive sector.
Porsche eBike Performance, a German company specializing in advanced electric drive systems for e-bikes, has chosen a site in Croatia for its future battery production facility.
Metropolitan Warszawa continues to set standards by reducing energy costs by approximately €482,400 and emissions by 11,200 tons over the next three years.
The European Commission has approved a €960 million Czech scheme to support investments in strategic sectors to foster the transition to a net-zero economy.
The European Investment Bank (EIB) Group's financing in Poland rose 10% on the year in 2024, reaching €5.7 billion and helping accelerate modern development of cities and regions, as well as energy transition.
The European Commission has approved, under EU State aid rules, a €400 million Austrian State aid scheme, and a €36 million Lithuanian State aid scheme, to support the production of renewable hydrogen through the European Hydrogen Bank's “Auctions-as-a-Service” tool for the auction closing in 2025.
The European Investment Bank (EIB) is providing a €240 million loan to Slovakia for co-funding of EU-supported green and digital projects across the country.
Serbia's government has signed a €100 million loan agreement with the European Investment Bank (EIB) to refurbish the Bistrica and Potpec hydropower plants in the country's west.
Power, one of the largest independent renewable energy producers in Europe, has announced its first international project finance agreement with CaixaBank, S.A. and Banco BPI, totaling €38.6 million.
United Group, a telecommunications and media company based in Southeastern Europe, has made a major investment of €120 million ($124.6 million) to expand its green energy initiatives in Bulgaria.
EBRD will advance the broader use of innovative financial instruments in Poland by signing a synthetic securitisation deal and new lending commitment with Bank Millenium.
Metropolitan Warszawa continues to set standards by reducing energy costs by approximately €482,400 and emissions by 11,200 tons over the next three years.
A consortium led by E.ON receives €45 million in EU funding to expand charging infrastructure for electric cars and commercial vehicles in Europe.
