Finance | 27 December, 2023 at 1:14 PM
Romania's Ministry of Finance launches framework for issuing green bonds
The Ministry of Finance has published the Green Bond Framework of Romania.
The Ministry of Finance has published the Green Bond Framework of Romania.
Schools, hospitals, public lighting, and local administration could be supplied with green energy from a photovoltaic park. The proposal belongs to the president of the Prahova County Council, Iulian Dumitrescu, who asked the Minister of Investments and European Projects, Marcel Boloș, to allocate European funds for the construction of a photovoltaic park.
The Minister of European Investments and Projects, Marcel Boloș, together with the Minister of Research, Innovation, and Digitization, Sebastian Burduja, inaugurated the project "From Nano to Macro in Hydrogen Energy - Expansion of the National Center for Hydrogen and Fuel Cells - HyRo 2.0". The project will focus on validating and demonstrating the performance of hydrogen energy technologies, reducing costs, and identifying the most appropriate applications for these technologies.
The city of Oradea will have a photovoltaic park with over 15,000 panels. More than €16 million from European funds will be invested in this sustainable project. The photovoltaic park will be able to be managed remotely.
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.
