The Oltenia Energy Complex will receive a state aid of RON449 million (€89.8 million) for the year 2023, from the state budget, to finance expenses with greenhouse gas emission certificates. Until now, CE Oltenia has received state aid in the form of a grant of €776.4 million, also for the purchase of greenhouse gas emission certificates.
Iulius Group installed photovoltaic panels on all the properties in its portfolio and will produce 5,500 MWh annually across the group. The total investment adds up to more than €3.5 million.
The European Commission approves a scheme of Romania worth €103 million, within the Recovery and Resilience Mechanism, to support the construction of electricity storage facilities. The purpose of this measure is to support investments in electricity storage facilities, thus contributing to the EU's strategic objectives related to the green transition.
OMV Petrom aims to reduce the carbon emissions from its own operations by 30% by 2030, compared to 2019 and the company's ambition for 2050 is to reach carbon neutrality from its own operations, says Christina Verchere, CEO of OMV Petrom.
The capital of Bucharest will pay lower bills for the electricity consumed for street lighting, says Mayor Nicusor Dan. The City Hall announces that it is investing €5 million to modernize the public lighting system in Bucharest by implementing the remote management system and using devices with LED technology.
Global renewable energy capacity amounts to 3,372 gigawatts (GW) at the end of last year, some 295 GW or 9.6% higher than the previous year. The International Renewable Energy Agency (Irena) expects an increase in the number of employees in the renewable energy sector up to a total of 38.2 million in 2030, as investments in energy efficiency, electric vehicles, or hydrogen will increase.
Hidroelectrica signed a joint venture agreement with Masdar from the United Arab Emirates, for the construction of offshore wind farms and floating solar farms in Romania. Hidroelectrica is the largest producer of green energy in Romania, with a portfolio of 187 hydropower plants, with a hydropower capacity of 6.3 GW, plus the Crucea wind farm, with an installed capacity of 108 MW.
DS Smith plans to build a photovoltaic park at the Zărneşti paper factory. The park would be ready in 2024, it would require an investment of €16 million and would generate approximately 19 MWh per year.
In the Republic of Moldova, the installed capacities for the production of electricity through power plants that capitalize on renewable energy sources (photovoltaic, wind, hydroelectric, and biogas cogeneration power plants) have increased three times since 2018. At the end of 2022, the power the total installed capacity was 206.81 MW, compared to 61.6 MW at the end of 2018, according to the Agency for Energy Efficiency of the Republic of Moldova.
The distribution companies of the E.ON group set up 13,000 km of green corridors along the high-voltage overhead lines from the Black Sea to Sweden. In Romania, Delgaz Grid will develop approximately 1,200 ha along the route of 370 km of high-voltage power lines. Green corridors support healthy, sustainable ecosystems and biodiversity.
The Ministry of Investments and European Projects launches the REPowerEU chapter in public consultation, which will bring Romania €1.4 billion for energy independence. The amount will be used for strategic investments in the key area of energy security, which will allow the creation of clean energy production and storage ecosystems (hydropower, photovoltaics). The set of proposed measures will have a positive impact in supporting the acceleration of Europe's clean energy transition.
More than 3,000 MW of solar energy projects are to be installed in Romania in the next two years, thanks to European funds. The government is preparing green funding from the Modernisation Fund: over €1.5 billion for companies and local authorities. Romania is among the top 10 countries in alternative energy consumption.
Kajima and Griffin Capital Partners acquired a 70% stake in Hymon, Poland's leading photovoltaic installation company. Hymon has a track record of approx. 472 MW installed photovoltaic capacity.
The company Aerostar Bacău invests €3 million from its own sources in the implementation of a photovoltaic park. The photovoltaic park consists of over 7,000 panels, located on the roof of the buildings owned by Aerostar.
This year's Environmental Fund Administration (AFM) has a budget of over RON13.3 billion (€2.66 billion). The Casa Verde Photovoltaic program has a budget of RON2 billion (€400 million), double that of the previous session. Also, a budget of over RON1.5 billion (€300 million) is allocated for the three Rabla programs, through which the Ministry of the Environment aims to eliminate over 200,000 old cars this year.
The Polish company R.Power Group is developing a project portfolio of over 1 GWp in Romania. The company plans to expand its share of this market in the coming months and sign more contracts for photovoltaic projects. It is estimated that the construction of the first projects will begin next year.
The Rombat company from Bistrita discussed with the Prime Minister of Romania, Nicolae Ciuca, the investment plans and intends to develop the production capacity of batteries based on Lithium-Ion technology. The company's plans include storage media for green energy. The company annually recycles 24,000 tons of used batteries.
AE SOLAR is to produce solar panels in Romania, through an investment of €1 billion in a factory, informs the Romanian Government. This would be one of the largest investments announced in recent years in Romania. In the final phase, the project will have a capacity that will reach 10 GW.
Italian group Enel has donated 5,700 solar photovoltaic panels to Ukraine with a total capacity of approximately 2 MW. The donated photovoltaic solar panels will cover up to 11,400 sqm of roofs of public buildings in Ukraine. They will be delivered by summer.
The EDP Group will invest €25 billion by 2026, of which €21 billion are focused on new renewable sources. EDP makes its repeated commitment to stop using coal by 2025, and to generate 100% from renewable sources by 2030.
The Romanian Minister of Energy, Virgil Popescu, says that in the near future, we need to increase the sources of renewable energy production, and geothermal energy is a new source that he will carefully study and develop. The minister also said that we must invest in all energy sources with low carbon emissions.
Prebet Aiud will build some production halls, for which it signed a contract of over €1 million. A photovoltaic park will be developed above these halls, considering that the company wants to become energy independent.
Hidroelectrica, a producer of renewable energy, wants to publish its first sustainability report. Last year, the state-owned company had a net profit of RON 4 billion (€800 million).
Tuborg Romania invested €525,000 in a system of solar panels with a capacity of 396 KWp that it mounted on the roof of the distribution centre in Pantelimon. The energy will be used for own consumption.
In Romania, L'Oréal encourages people to choose larger sizes and refills while helping them understand how and where to recycle our packaging.
Swedish fashion retailer H&M Group has entered a solar power purchase agreement (PPA) with Polish solar energy developer R.Power SA.
PPC Energie has implemented an integrated solution for electricity production using photovoltaic panels and battery storage on a residential building in Bucharest's Sector 6.
Education and skills are pivotal to the success of Europe's Clean Industrial Deal, particularly in addressing the rapid expansion of the wind energy sector.
Only one in ten individuals who installed photovoltaic systems in the first ten months of the year also opted for an energy storage solution.
