Business
L'Oréal hits 100% renewable energy in Europe
L'Oréal has announced that, as of December 2024, all its European operations—including factories, offices, and distribution centers—are now powered entirely by renewable energy.
R.Power Group, one of Europe's leading renewable energy companies, has secured a €12.4 million project finance agreement with Bank Gospodarstwa Krajowego (the Polish National Development Bank).
Sphera Franchise Group, which holds the franchise rights for KFC, Pizza Hut, and Taco Bell in Romania, has opened a new KFC Drive Thru in Galați.
Romania is increasingly positioning itself as a promising destination for green investments, with several sectors showing strong potential.
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.
Hidroelectrica has completed maintenance on hydroaggregate no. 1 (HA1) at the Porțile de Fier I Hydroelectric Power Plant.
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.
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.
Polish renewable energy developer R.Power has signed its first power purchase agreement (PPA) in Romania with an undisclosed energy trading company.
By 2027, the PPC Group plans to invest over 10 billion euros, focusing primarily on green energy, network modernization, and technological innovation.
Photon Energy N.V. has signed a contract with Greenvolt Power and part of Greenvolt Group, to provide asset management for the Client's Királyegyháza solar PV power plant.
Greenvolt Next entered the local market in the last quarter of 2023, supporting Romanian companies with innovative solutions for generating and consuming electricity through customized photovoltaic systems (rooftop, ground-mounted, carports), energy efficiency interventions, solar storage, and electric mobility.
Romania has set ambitious targets to reduce greenhouse gas emissions by 78% by 2030 and achieve climate neutrality by 2050.
RenewAcad, a certified renewable energy training center operated by Wind Power Energy, launched a new project on March 5 in Petrila.
OMV Petrom, in partnership with Save the Children Romania, is investing €1.5 million to renovate Polizu Maternity Hospital, the largest facility of its kind in Romania.
The Romanian company Parapet, operating across multiple European countries in the photovoltaic sector, will expand its international presence with a new branch in Bergamo, Italy.
SanoVita, a leading local producer of plant-based products, has launched a renewable energy project to power its two production units in Râmnicu Vâlcea.
In 2024, the Hidroelectrica Group experienced a decline in both operational and financial performance compared to the previous year, largely due to unfavorable hydrological conditions.
The Omnibus proposal significantly reduces the number of Romanian companies required to report ESG performance from over 6,000 to just 300, representing a 95% decrease.
E.ON Energie Romania announced the completion of a 655 kWp photovoltaic (PV) plant for the Romanian branch of German automotive parts supplier Continental Automotive.
Polish solar developer R.Power has signed a long-term power purchase agreement (PPA) to supply around 240 GWh of solar energy to local telecom operator Play.
A significant portion of EU grants is allocated to support sustainable initiatives, further driving the rise in these types of loans.
OMV Petrom announced the commencement of construction for a production unit dedicated to sustainable aviation fuel (SAF) and renewable diesel (HVO) at the Petrobrazi refinery.
DN AGRAR Group is set to invest €3.4 million in a new compost plant and the installation of solar panels on the rooftops of buildings at three of its farms.
Amazon Poland announced that the first of its four solar and wind projects, with a combined capacity of 140 MW, has begun generating electricity.
Romania is increasingly positioning itself as a promising destination for green investments, with several sectors showing strong potential.
L'Oréal has announced that, as of December 2024, all its European operations—including factories, offices, and distribution centers—are now powered entirely by renewable energy.
Europe's energy landscape stands at a transformative crossroads, as hybrid solar technology emerges as a powerful solution, capable of significantly enhancing the efficiency, reliability, and affordability of renewable energy systems.
Ocean Winds, a joint venture equally owned by EDP Renováveis and Engie, has selected Polish firm Crist Offshore to deliver the offshore substation for its 500 MW BC-Wind project.
R.Power Group, one of Europe's leading renewable energy companies, has secured a €12.4 million project finance agreement with Bank Gospodarstwa Krajowego (the Polish National Development Bank).
