Finance | 5 November, 2024 at 7:37 AM
Romania advances green energy with EU funding
Romania's Ministry of Energy has secured significant progress in its green energy transition through the Recovery and Resilience Plan (PNRR).
Romania's Ministry of Energy has secured significant progress in its green energy transition through the Recovery and Resilience Plan (PNRR).
The Romanian Ministry of Energy has approved a €3.89 million grant from the Recovery and Resilience Plan (PNRR) to construct a new solar panel factory.
Romania is increasingly positioning itself as a promising destination for green investments, with several sectors showing strong potential.
Battery-electric vehicles (BEVs) accounted for 15.2% of the EU market share as of February 2025, marking a significant rise from 11.5% in the same period of 2024.
LG Energy Solution has been chosen as a key partner for a large-scale energy storage system (ESS) project led by Poland's state-owned utility, PGE.
The project for new renewable energy production capacities, submitted by the Hunedoara County Council and the Petrila City Hall, has been approved for funding by the Ministry of Energy.
InnoEnergy, a leading European investor in clean technologies, has unveiled a new growth strategy for 2025–2030, aiming to secure up to €160 billion in funding for the sector.
