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CSRD

green energy

investment

waste management

mobility

carbon emissions

interviews

Finance

Romania's Electrica to launch €300 million green bond initiative

Green Forum

11 March, 2024 at 8:00 AM

Electrica announced its intention to issue green bonds valued at up to €300 million, with a maximum maturity of 10 years, according to a press release filed with the Bucharest Stock Exchange.

The company disclosed its proposal to shareholders to endorse a cap of €300 million for the issuance of green bonds or a combination of subsequent green and sustainability-linked bonds.

The decision will be put forth for approval at the general meeting scheduled for April 25.

These non-convertible and non-guaranteed bonds may be issued in Romanian lei or other currencies, featuring either fixed or variable interest rates. The issuance is anticipated to take place between 2024 and 2025, tapping into both the Romanian and international capital markets, including the EU and USA.

Electrica to issue green bonds and build two solar plants

Electrica's shareholders have approved the issuance of green bonds, supporting the company's strategy for energy transition and sustainable development, with a cap of up to €500 million.

Business

Electrica and EsyaSoft partner to establish green energy joint venture in Romania

Electrica and EsyaSoft will set up a joint-stock company that will have as its object of activity the production and operation of advanced technologies in the field of green energy.

Environment

RetuRO opens second beverage packaging collection centre in Giarmata

RetuRO opened the second beverage packaging collection centre in the country, within the logistics park in Giarmata, Timiș County.

Energy

DTEK Renewables invests in a new solar park in Romania

DTEK Renewables International announced that it is investing in a new project in Romania, a solar park in Glodeni in Mures County.

Energy

EU rejects solar panel import measures from China

European solar manufacturers have accused China of unfair trade practices. SolarPower Europe advocates for urgent support to bolster the domestic industry.

Environment

EC publishes plan to reduce GHG emissions by 90% by 2040 compared to 1990

The European Commission published a detailed impact assessment on possible ways to achieve the agreed goal of making the European Union climate neutral by 2050.