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.
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.
