IFC, a member of the World Bank Group, and the Asian Infrastructure Investment Bank (AIIB) are investing €200 million in senior unsecured bonds to support infrastructure development in Europe.
United Group, a telecommunications and media company based in Southeastern Europe, has made a major investment of €120 million ($124.6 million) to expand its green energy initiatives in Bulgaria.
The Bulgarian Ministry of Energy has approved €268 million in state aid for 249 renewable energy projects, including energy storage units.
This initiative aims to enhance accessibility to top-tier logistics infrastructure in both nations while contributing to Europe's transition towards sustainability.
EBRD will guarantee up to €25 million for a loan provided by UniCredit Bulbank to the Tsenovo solar plant in Bulgaria.
Rezolv Energy has secured a license for its 229 MW St. George solar project to be built at the former Silistra airport in Silistra municipality, northeastern Bulgaria.
Bulgaria aims to be among the 20 countries in the world with a working hydrogen valley, says Minister of Innovation and Growth in Bulgaria, Milena Stoycheva.
12,000 electric cars have been registered in Bulgaria to date, which represents over 50% growth compared to 7,800 registered in 2022, announced Boryana Koleva, chief expert in the "National Transport Policy" Directorate of the Ministry of Transport and Communications.
Bulgaria's western municipality of Kyustendil has said it launched a 5.16 million levs ($2.8 million/€2.6 million) tender for the delivery of electric buses and their charging stations.
Rezolv Energy will develop the largest solar power plant in Bulgaria, right on the border with Romania.
The European Commission calls on Czechia and Slovakia to update their national law to limit air pollution from medium combustion plants.
Eurohold Bulgaria has commissioned the 123 MW Verila solar park located in Dupnitsa in southwest Bulgaria, according to Enerdata. Eurohold is the group that owns the bankrupt Euroins Romania insurance company. The photovoltaic power plant is currently the largest in Bulgaria.
The World Bank supports Bulgaria's efforts to secure clean energy resources. The bank will provide expert technical opinions based on the best global ideas and practices for managing Bulgaria's geothermal energy resources. The use of geothermal energy will provide new jobs and guarantee a smooth transition to green energy.
The company Solar MD begins production of energy storage batteries in Ruse, Bulgaria. The Association for Production, Storage, and Trade of Electricity (APSTE) expects that within three years Bulgaria will have over 6,000 MW of installed capacity from wind and solar plants.
Romania has set ambitious targets to reduce greenhouse gas emissions by 78% by 2030 and achieve climate neutrality by 2050.
Eastern European solar energy operator GoldenPeaks Capital has signed a power purchase agreement (PPA) with NGK Ceramics Polska.
RenewAcad, a certified renewable energy training center operated by Wind Power Energy, launched a new project on March 5 in Petrila.
Renewable energy use in heating and cooling continues to grow across the EU, reaching 26.2% in 2023—the highest level since records began in 2004 (11.7%).
OMV Petrom, in partnership with Save the Children Romania, is investing €1.5 million to renovate Polizu Maternity Hospital, the largest facility of its kind in Romania.
