The European Commission has approved a €2.6 billion Estonian scheme to support renewable offshore wind energy to foster the transition towards a net-zero economy.
The Lille Metropolitan area (Métropole européenne de Lille) has been awarded a green loan of €245 million by the European Investment Bank (EIB) to fund its public transport network and cycling paths.
The European Commission has approved a €682 million Belgian scheme to support renewable offshore wind energy to foster the transition towards a net-zero economy.
The EU and KfW have signed a Guarantee Agreement enabling the financing of additional renewable energy generation capacities and further network development.
The European Commission has approved the fourth Important Project of Common European Interest (IPCEI) under EU State aid rules to support research within the hydrogen value chain.
The European Commission has approved a €4 billion French State aid scheme designed to support the decarbonization of the manufacturing sector.
The European Critical Raw Materials Act came into effect, aiming to ensure a diverse, secure, and sustainable supply of critical raw materials for the EU's industry.
Eldrive Holding plans to invest approximately €146 million in the installation of 4,376 new charging stations for electric cars in Romania, 2,575 in Lithuania, and 1,530 in Bulgaria.
The European Commission has adopted a new proposal on combining transport modes for more sustainable freight.
The European Union's Modernisation Fund has disbursed €2.4 billion to 31 projects in seven beneficiary countries to help modernize their energy systems, reduce greenhouse gas emissions in energy, industry, and transport, and improve energy efficiency. It is the joint largest disbursement to date and will boost Europe's green transition.
The European Commission calls on Romania to establish a functional air quality monitoring network. The European Commission decided to send a reasoned opinion to Romania for systemically failing to monitor air pollution as required by EU legislation on ambient air quality (Directive 2004/107/EC and Directive 2008/50/EC).
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.
