The waste electrical and electronic equipment (WEEE) collection rate in the European Union was, on average, 46.2% in 2021, according to the latest Eurostat report.
By 2050, more than 200 million tons of solar panels will be out of use, according to RESPO DEEE Association data. Solar panels provide green energy and reduce carbon emissions worldwide, but their limited lifespan of up to 25 years is a serious environmental problem.
A significant portion of EU grants is allocated to support sustainable initiatives, further driving the rise in these types of loans.
A consortium led by E.ON receives €45 million in EU funding to expand charging infrastructure for electric cars and commercial vehicles in Europe.
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.
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.
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.
