These batteries must utilize at least 75% of their energy from the linked renewable source. The state aid scheme offers €150 million in non-refundable grants from the Modernization Fund.
This competitive bidding process will fund new behind-the-meter battery storage systems connected to existing renewable energy facilities.
EBRD has allocated a €15 million loan to Photon Energy NV (Photon), a prominent regional producer of renewable energy, to bolster its operations in Romania and Poland.
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.
Last year marked a significant milestone as renewable energy surpassed 30% of the world's electricity generation for the first time.
SPIE Energy Poland announced new projects at a time of major investment in Poland to support the energy transition.
The European Investment Bank (EIB) and ORLEN Group, Poland's largest energy company, have signed a second loan agreement this year, amounting to €207 million, to support energy transition projects.
Exus Renewables has announced its expansion into Poland with the acquisition of two significant wind farm portfolios.
The European Investment Bank (EIB) and Iberdrola, backed by SACE's Archimede Guarantee, have signed a new €100 million green loan agreement to build a new photovoltaic plant in Italy.
The Agency for Financing Rural Investments (AFIR) has launched a new funding call, offering €150 million in grants for photovoltaic and wind power projects for self-consumption in Romania.
