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CSRD

green energy

investment

waste management

mobility

carbon emissions

interviews

Real estate

Banca Transilvania provides €10 million in green funding for Quartier Azuga

Green Forum

24 June, 2024 at 10:00 AM

Banca Transilvania financed the company STC Partners with €10 million for the expansion of the Quartier Azuga residential complex in Bucharest's Tei area by more than 100 homes. The first phase of the project was also backed by BT with €6million in January this year.

The standards offered by Quartier Azuga are based on modern living conditions and environmental responsibility, resulting in higher living standards, significant utility cost savings, and a reduced carbon footprint.

"Banca Transilvania supports high-quality green real estate projects such as Quartier Azuga. Our additional investment in the development of this new green residential community underlines our confidence in the quality of the project and its contribution to Bucharest's landscape and quality of life," sayid Cosmin Călin, Executive Director of Large Corporate, Banca Transilvania.

Since 2007, Banca Transilvania has been the first bank in Romania to provide energy-efficiency financing in the residential sector.

PepsiCo Romania to invest in energy efficiency and hybrid/electric vehicles

PepsiCo Romania transitioned 80% of its fleet to hybrid vehicles last year and will continue investing in energy-efficient solutions, hybrid and electric vehicles.

Real estate

EBRD commits €25 million for residential energy efficiency in Lithuania

EBRD backed energy efficiency initiatives in residential areas of Vilnius, Lithuania, by investing in Šiaulių Bank's energy efficiency fund.

Real estate

EBRD to provide green financing for Bosnia and Herzegovina's residential sector

EBRD is providing a €7 million loan to UniCredit Bank dd Mostar in Bosnia and Herzegovina through the multi-donor Green Economy Financing Facility (GEFF) for the Western Balkans.

Environment

Leroy Merlin Romania to no longer sell halogen bulbs from May 2024

Leroy Merlin Romania will cease the sale of halogen bulbs, offering exclusively LED products, starting from May 2024.

Energy

Progress in energy efficiency must be doubled

For net zero emissions in 2030, it is necessary to double the progress in energy efficiency. The International Energy Agency has brought together world leaders in the field of energy and climate change in France for a major discussion on energy efficiency. A new IEA analysis shows that the world needs to double progress on energy efficiency by 2030 as part of efforts to improve energy security and affordability while maintaining the goal of limiting global warming to 1.5°C.

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.

Real estate

Drobeta Turnu Severin Emergency County Hospital becomes energy efficient

Drobeta Turnu Severin Emergency County Hospital becomes energy efficient, by installing monocrystalline photovoltaic panels. The Mehedinți County Council announces that an important part of the modernization and energy efficiency project of the hospital's main building is the thermal efficiency of the building together with alternative energy sources that will ensure both patient comfort and lower costs for the maintenance of the medical unit.