A hydrogen factory will be built in Galati, on the site of the Siderurgic Complex, as a result of a project worth €32 million that would be financed directly by the European Commission. Hydrogen is seen as an alternative to fossil fuels.
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.
The European Commission has adopted an omnibus bill aimed at relaxing stringent environmental, sustainability, and investment regulations for companies.
Greenvolt has partnered with BYD to deploy 400MW of battery energy storage system (BESS) capacity across two projects in Poland.
ORLEN, in partnership with Norway's Equinor – one of Europe's largest energy companies – will explore opportunities within Carbon Capture & Storage (CCS) technology.
The Romanian company Parapet, operating across multiple European countries in the photovoltaic sector, will expand its international presence with a new branch in Bergamo, Italy.
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.
