The 11-turbine wind farm is expected to generate 180 GWh of clean energy annually, enough to power approximately 90,000 households. OX2 will continue to manage the farm's technical and commercial operations, ensuring its optimal performance and safety.
By the end of the third quarter of 2023, OX2 was actively developing nine wind and solar projects across five markets, with a total capacity of around 1,100 MW.
Renewables developer OX2 has secured €73 million in financing from Germany's Nord/LB, a leading energy transition bank, for the development of a 100 MW solar farm in Poland.
The renewable energy developer OX2 has finalized a sale agreement for a 99.2 MW onshore wind project in Romania to Nala Renewables, a joint venture between IFM Investors and Trafigura.
The European Commission has introduced a series of updated recommendations and guidance documents to refine and expedite permitting procedures and auctions for renewables.
Helios & Wind Energy has received approval to construct 31 wind turbines with a total capacity of 186 MW/hour in Romania.
Over the next five years, OMV Petrom plans to provide approximately 800 GWh of renewable energy to all Saint-Gobain facilities in Romania.
The Italian group Alerion announced the completion of two new photovoltaic plants in Romania, where it has also begun production.
Microsoft has achieved its goal of matching 100% of its annual global electricity consumption with renewable energy, reaching the milestone five years ahead of its 2025 target. The achievement supports the company's commitment to become carbon negative by 2030.
The recent weakening of the CSRD may have some real estate developers cheering the compliance rollbacks, but the consequences could be complicated. A new research survey examines how EU real estate firms are navigating changes to the CSRD, and what that could mean for upcoming SFDR revisions.
Waldevar Energy has begun construction on two utility-scale photovoltaic parks for Doral Energy in Tudor Vladimirescu (Brăila County) and Ștefan Vodă (Călărași County), Romania. The projects will deliver 14 MWp of installed capacity using around 25,000 photovoltaic panels.
Lidl Romania has published its eighth sustainability report for the 2024 financial year, announcing accelerated progress in reducing environmental impact. The retailer has achieved its international 2030 target for transitioning to natural refrigerants, with these now used in 100% of logistics centres and 81.7% of stores, compared to the original goal of 100% of logistics centres and 40% of stores. The company has also increased its green energy usage to 80% of total consumption.
The European Union has reached a provisional agreement to reduce the scope and stringency of two major ESG regulatory frameworks: Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD).
