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CSRD

green energy

investment

waste management

mobility

carbon emissions

interviews

Real estate

Speedwell to install PV panels on offices in Romania

Green Forum

7 February, 2023 at 1:32 PM

Property developer Speedwell says it will be installing photovoltaic panels on two of its office projects in Bucharest and Cluj-Napoca in a bid to make its building more sustainable.

Starting this month, the company will begin the installation of a 400 kWp photovoltaic installation on the roof of Miro project in Bucharest. Next month, the developer will install 150 kWp of photovoltaic panels on the roof of Record Park in Cluj-Napoca.

“We believe that by investing in renewable energy, we can not only reduce our carbon footprint but also provide cost savings for our tenants,” said Didier Balcaen, Speedwell's CEO and Co-founder.

The developer says its focus is to use innovative techniques and technology to improve the environmental footprint of its properties and to meet ESG standards.

Two villages in Cluj County to use only renewable energy

Cluj's Râşca and Mărişel villages will cover their electricity needs by using solar energy, announces the Cluj County Council.

Energy

ProCredit Bank launches the ProGreen loan for photovoltaic panels

ProCredit Bank has launched the ProGreen credit for photovoltaic panels intended for individuals. They can get the ProGreen credit for Photovoltaic Panels with no down payment and no fees. The credit is intended for those who want to make the transition to a renewable energy source, while also benefiting from reduced costs on their energy bills.

Real estate

Schools in Vrancea to be equipped with photovoltaic panels

The schools in Vrancea will be equipped with photovoltaic panels. The Minister of Investments and European Projects, Marcel Boloș, and the President of the Vrancea County Council, Cătălin Toma, signed the contract worth a total of €1.2 million for the production of green energy in the county. The contract will finance the project "Investments in electricity production capacities for own consumption at the level of Vrancea County". The project is financed by the Large Infrastructure Operational Program 2014-2020.

Energy

Romania requests €400 million to subisidize at-home PV systems

Romania requests, through the RePowerEU mechanism, substantial European funds for subsidizing the installation of photovoltaic panels for natural persons. It is about €400 million, the amount that could be included in some kind of complementary program to the program of the Environmental Fund Administration for the installation of photovoltaic panels on residential homes.

Energy

Photovoltaic park of 1,050 MW to be built in Romania

A photovoltaic park with an installed power greater than that of a Cernavodă nuclear reactor will be built in Romania, which reflects the appetite of investors to become players in this market again. George-Sergiu Niculescu, president of the National Energy Regulatory Authority (ANRE), says that when he arrived at ANRE's management, he saw a request for authorization to establish a photovoltaic park of approximately 1,050 MW.

Energy

PV system users save on average €816 per year on electricity

7 out of 10 Romanians who install photovoltaic systems are from urban areas. Also, RON35,000 (€7,000) is the average value of the projects implemented and in the process of implementation, shows a study by the company Ensys, a supplier of turnkey photovoltaic systems in Romania. It shows that the amortization period of a photovoltaic system is 2-7 years. The study shows that 7 out of 10 Romanians who install photovoltaic systems are from the urban environment, and 8 out of 10 customers who install photovoltaic systems are men.

Energy

Green energy market's potential to exceed €30 billion by 2040

The potential of the green energy market (solar panels, heat pumps, insulation) is estimated at over €30 billion by the year 2040. The consulting company McKinsey & Company Romania shows that Romania's transition to green energy represents a financing opportunity for banks of €20 billion.