Latest news

Thursday, 6 April, 2023

09:14

Companies in Romania get state aid for green hydrogen production

Several Romanian companies receive money from the state through PNRR for green hydrogen production. The Ministry of Energy signed financing contracts for 7 projects to build green hydrogen production capacities.

Wednesday, 5 April, 2023

17:36

Alstom presents train to run on non-electrified sections with energy stored in batteries

Alstom presents the train that will be able to run on non-electrified sections with energy stored in batteries. Alstom and Irish Rail presented a life-size model of the X'Trapolis train, which will be able to run on non-electrified sections of the railway with the help of energy stored in batteries. Alstom's X'trapolis suburban modular train has been sold in over 6,000 units worldwide. Modern fleet of trains will increase the transport capacity and the pace of decarbonization will accelerate.

14:03

Romania's largest golf resort to be equipped with solar panels

Businessman Metin Doğan is investing over €60 million in the largest golf resort in Romania, the first stage of the project to be completed this year. The buildings will be equipped with solar panels. The complex will also include a country club and a 5-star residential complex, as well as exclusive facilities.

11:29

Globalworth wants to reduce its GHG emissions intensity by 40% by 2030

Globalworth analyzed its performance over 3 years and set its environmental target of reducing its GHG emissions intensity by 40% by 2030 compared to its baseline 2019 levels. About 90% of the group's commercial properties are green-certified and about 98% of the energy used in the portfolio came from renewable sources at the end of 2022.

08:57

FirstFarms invests in photovoltaic projects in Romania

The Danish company FirstFarms announces investments in Romania both in the agricultural area and in the area of green energy production. The company installed photovoltaics in one of its warehouses in Romania, to ensure its consumption, and plans to increase its installed capacity to be able to sell the energy. The company also opened a new silo in Slovakia, where it also bought a biogas plant.

Tuesday, 4 April, 2023

16:43

Raiffeisen Bank completes €98 million sustainable bond issue

Raiffeisen Bank enters the market with the second tranche of the sustainable bond issue, which amounts to approximately RON 490 million (€98 million), for which it must pay an interest rate of 8.29% per year.

12:45

Electromontaj to build 60 MW wind farm in Ruginoasa

The Electromontaj Group announces the start of the partnership with DTEK Renewables International & Moldova Eolian, part of the DTEK energy and utilities group, owned by Rinat Akhmetov, the richest Ukrainian, for the implementation of the wind farm in Ruginoasa commune, Iasi county, worth €90 million, Iasi county. After winning the tender, Electromontaj signed the contract for the design and construction of the infrastructure for the largest wind farm in the Moldova region, with an installed power of 60 MW.

12:00

Clean energy is the key to securing a bright future for the next generations

Romanian state-owned company Hidroelectrica is focused on the development of energy production projects exclusively from renewable sources, says Bogdan Badea, CEO of Hidroelectrica. He talked to Green Forum about its plans for this year regarding sustainability and the social responsibility projects that the company is involved in.

09:42

Oradea to add PV park financed with European funds

The city of Oradea will have a photovoltaic park with over 15,000 panels. More than €16 million from European funds will be invested in this sustainable project. The photovoltaic park will be able to be managed remotely.

Monday, 3 April, 2023

17:24

Renewable energy's share in Romania to reach 34% by 2030

Renewable energy sources could reach a share of approximately 34% in 2030. Europe has assumed that by 2050 it will become the first climate-neutral continent.

16:53

Buildings produce more than 36% of carbon emissions

Building owners in Romania are much more interested in ESG standards and also have higher expectations when it comes to sustainability than their counterparts in other countries, according to a survey by CBRE.

10:36

Bucharest City Hall buys 7 electric minibuses

Bucharest City Hall buys 7 electric minibusses for RON 10.25 million (€2 million). The purpose of the purchase is to ensure an accessible, efficient, and ecological public passenger transport service and to improve the conditions for the use of non-motorized modes of transport in the administrative area of the established partnership, to reduce CO2 equivalent emissions from transport.

09:34

Romania's largest wind park to be built in Galati County

The largest wind farm in Romania will be built in Galati County on land from 13 localities. The investment amounts to half a billion euros. The wind farm will be built on an area of approximately 13,000 hectares.

Friday, 31 March, 2023

14:28

The number of electric cars registered in Moldova doubled last year

The number of electric cars registered in the Republic of Moldova by individuals doubled last year, to 700 units. The number of electric and hybrid cars exceeded 27,500 at the end of last year, according to data from the Agency for Energy Efficiency (AEE).

12:30

Fepra to invest €15 million to reduce environmental impact

Fepra will invest €15 million by 2030 to develop the circular economy in Romania, based on a complex sustainable development strategy developed in partnership with the European Bank for Reconstruction and Development (EBRD). The company's objectives are to further expand the range of services and products, broaden its areas of expertise and develop the new waste collection, recycling, as well as reuse capabilities.

10:03

Investments in renewable energy technologies reach $1.3 trillion in 2022

Investments in renewable energy technologies reached a record of $1.3 trillion last year, according to the International Renewable Energy Agency. The world needs around $35 trillion for transition technology by 2030, says IRENA. Renewable energy deployment must grow from around 3,000 GW annually today to over 10,000 GW in 2030.

Thursday, 30 March, 2023

17:41

Companies that invest in sustainability can earn more

Companies that engage in sustainable practices record higher financial performance and are 2.4 times more likely to increase their financial return. According to Quartz Matrix, a Romanian technology and services company, the sure steps towards a sustainable company begin with the identification of internal processes that can be automated or made more efficient with the help of technology. Also, modern technologies help companies to cut costs and become more responsible towards the planet.

14:30

Glovo launches the Impact Fund to support sustainability projects

Glovo launches the Impact Fund, an initiative to support sustainability projects. The company will allocate a small amount from each order to the new fund. Glovo estimates that this year up to €5 million will be allocated from the Impact Fund to support projects that aim to support local communities, actions against climate change, digitization of small local businesses, reducing the gender disparity in the field of technology, and development of educational programs for couriers.

11:16

Changing the heating system and improving insulation reduces a home's carbon emissions by 80%

Changing the heating system and replacing doors and windows can reduce the carbon emissions of a single-family home by more than 80 percent, according to a CO2-Optimist study by the Swiss research institute EMPA for E.ON. It shows that poor insulation and outdated heating systems lead to above-average energy consumption and higher costs.

10:37

ESG compliance to appear in the judicial system in Hungary

Investors prefer sustainability to be measured in the case of commercial buildings too. Therefore new detailed rules will be elaborated and a so-called green passport for properties will be introduced, international law firm Baker McKenzie and CBRE reported after a special roundtable discussion in Budapest.

Wednesday, 29 March, 2023

18:14

Symmetrica invests over €6 million in photovoltaic panels

The manufacturer of paving stones and curbs Symmetrica will invest, until the end of this year, more than €6 million in the development of photovoltaic panel parks in 8 of its factories. The company will thus ensure a large part of its own consumption. Photovoltaic parks will reduce CO2 emissions by approximately 270,000 kg per year.

16:53

Over 80% of Kaufland Romania's suppliers are local

Over 80% of Kaufland's suppliers are from Romania, and this percentage is growing year by year, says Valer Hancaș, Director of Communication and Corporate Affairs, Kaufland Romania.

16:35

Echo-Archicom Group introduces its ESG strategy

The Echo-Archicom 2030 strategy is to follow a road map that lays out year by year how both companies are to decarbonize through zero-emission developments while further increasing the role of greenery in the group's projects and supporting appropriate city development.

12:34

Romanian companies perceive climate change as a threat to their business

Romanian businesses perceive climate change and access to finance as threats to their businesses, an EIB investment survey shows. 69% of the surveyed Romanian companies say that climate change has a negative impact. Also, a third of Romanian companies have invested in improving energy efficiency in the last year, close to the EU average of 40%.

08:22

Schneider Electric to build a net zero factory in Hungary

Schneider Electric is investing €40 million in a new smart factory in Hungary. The factory will be net zero. Geothermal energy and rooftop solar will power the site, and Schneider Electric's EcoStruxure energy management solutions will maximize its energy efficiency.

Tuesday, 28 March, 2023

18:00

€1.1 billion in finance to be mobilised in sustainable projects

More than €1.1 billion in finance to be mobilised in sustainable projects, supported by €150 million in InvestEU guarantees. Under the InvestEU programme, the European Bank for Reconstruction and Development (EBRD) and European Commission work together to help various EU countries in reaching their full green potential. New investments to boost green and sustainable projects in the municipal, transport, and energy sectors. Funds to benefit Bulgaria, Croatia, Czechia, Estonia, Greece, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia, and Slovenia

15:24

New law agreed to deploy sufficient alternative fuels infrastructure

The European Commission announces a new Regulation for the deployment of alternative fuels infrastructure (AFIR) sets mandatory deployment targets for electric recharging and hydrogen refueling infrastructure for the road sector, for shore-side electricity supply in maritime and inland waterway ports, and for electricity supply to stationary aircraft. This is a landmark agreement that will enable the transition to zero-emission transport and contribute to our target of reducing net greenhouse gas emissions by at least 55% by 2030.

09:32

Oncos Transilvania installs smart lighting, reducing energy consumption

E.ON Energie Romania and Oncos Transilvania have completed a smart lighting project of over €500,000. The classic lighting system in 45 company halls in Cluj and Sălaj counties was replaced. Energy consumption will be reduced by over 70%, and the carbon footprint will decrease by over 230 tons/year.

09:30

Iași Airport to add solar panels

The Iasi airport will have a new passenger terminal at the end of 2023, its construction having started in the fall of 2022. It will have solar panels installed, in order to save on energy consumption. The works at the new terminal are carried out by Strabag.

Monday, 27 March, 2023

18:48

ProCredit Bank launches a loan for Romanians who want to buy electric cars

ProCredit Bank launches the ProGreen Auto Credit for individuals who want to purchase a new fully electric or plug-in hybrid car. The bank has entered into a partnership with EVconnect, one of the main providers of charging solutions for electric cars; customers benefit from free electric charges for the first 1,000 kilometers traveled.

14:30

L'Oreal invests in biotechnology company

L'Oreal invests in a biotechnology company to develop plant-based ingredients on a large scale. The investment will contribute to the creation of new sustainable ingredients derived from living organisms. L'Oréal will replace traditional ingredients with organic alternatives, such as those obtained from sugars of vegetable origin.

11:45

Sântana and Pecica in Arad County to be heated with geothermal water

The towns of Sântana and Pecica in Arad County are implementing geothermal resources exploitation projects for heating public institutions. The city of Santana obtained European funding of RON27.5 million (€5.5 million) to complete the drilling and the thermal network.

08:28

Electrica buys company developing 27 MW photovoltaic project

Electrica bought the company Sunwind Energy, which develops the photovoltaic project "Satu Mare 2", with an installed capacity of 27 MW. The project is located near Botiz commune, Satu Mare county. Also, on February 6, 2023, Electrica announced the completion of the acquisition of the company Green Energy Consultancy & Investments, which develops the "Vulturu" photovoltaic project.

Friday, 24 March, 2023

17:41

Enel Green Power starts building its largest solar plant in Italy

Enel Green Power has started work on the construction of a photovoltaic plant with a capacity of approximately 170 MW, which will be the largest solar plant in Italy. The installation will be based on bifacial photovoltaic modules - with a technology that allows the absorption of solar energy on both the front and back surfaces. This agrivoltaic solar farm will be built in an area owned by a local company that will be working with Enel Green Power on integrating agricultural activities at the plant.

14:21

ABB E-mobility co-develops optimal e-truck charging solution as part of EU project

ABB E-mobility co-develops optimal e-truck charging solution as part of the EU project. The NextETRUCK project is developing new e-concepts for trucks with medium freight haulage by the end of 2025 as part of the EU research program 'Horizon Europe'. The project aims to make those designated truck fleets emission-free, cost-efficient, and seamless to manage.

11:51

Pehart to invest €8 million in projects to reduce the carbon footprint

The paper producer Pehart is to invest €8 million in projects to reduce consumption, implicitly the carbon footprint. The company uses only certified cellulose in production and most of the raw material comes from Sweden.

08:27

CE Oltenia gets €89.8 million for expenses with GHG emission certificates

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.

Thursday, 23 March, 2023

17:57

Electric vehicles expected to reach 55% of total global vehicle sales by 2030

Electric vehicles are expected to reach 55% of total global vehicle sales by 2030, but lack of collaboration could impact adoption and decarbonization goals, according to a study from EY and Eurelectric. The study underscores the need for a collaborative and coordinated response from eMobility ecosystem players in pursuit of decarbonization goals, with utilities, in particular, playing a pivotal role.

16:38

European Commission unveils green claims rules to prevent consumer greenwashing

The European Commission on Wednesday unveiled the proposed “Directive on Green Claims,” a new set of rules requiring companies to substantiate and verify their environmental claims and labels, aimed at protecting consumers from greenwashing. Under the proposal, consumers will have more clarity, stronger reassurance that when something is sold as green, it actually is green, and better quality information to choose environment-friendly products and services.

15:06

Iulius Group adds PV panels to all properties in its portfolio

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.

CONFERENCES

CEE PROPERTY FORUM & AWARDS GALA 2024 - VIENNA, AUSTRIA

POLAND ESG FORUM 2024

Romania ESG Forum 2024

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