Orange Romania has signed a new 10-year virtual Power Purchase Agreement (vPPA) with ENGIE Romania to secure 40 GWh of renewable energy annually.
EBRD has approved a €90 million loan for Engie Romania, part of France's Engie Group, to refinance the acquisition of an operational wind farm.
ENGIE Romania has expanded its renewable energy portfolio by completing its first hybrid plant, combining wind and solar power, with a total installed capacity of 57 MW.
Engie has started the construction of a photovoltaic park in Brăila County, located next to a wind farm that it owns.
Engie Romania is launching, together with EFdeN, rCharge with green energy, a prototype charging station for electric scooters and bicycles, powered by solar energy and designed from recycled materials. The project is carried out with the aim of bringing to the public's attention green solutions for the production and use of electricity.
A significant portion of EU grants is allocated to support sustainable initiatives, further driving the rise in these types of loans.
Polish energy group Orlen announced that its subsidiary, Energa Operator, has secured a €1.8bn loan to modernize the power grid, preparing it for the integration of renewable energy sources.
OMV Petrom announced the commencement of construction for a production unit dedicated to sustainable aviation fuel (SAF) and renewable diesel (HVO) at the Petrobrazi refinery.
The European Investment Bank (EIB) is providing a €240 million loan to Slovakia for co-funding of EU-supported green and digital projects across the country.
In line with its 2030 ambition to decarbonize the hydrogen used in its European refineries, TotalEnergies has signed agreements with Air Liquide to develop two projects in the Netherlands.
