The US will invest €78.6 million in a large-scale battery energy storage system in Moldova to enhance the country's energy resilience.
In 2023, only 6% of electricity consumption represents renewable energy in the Republic of Moldova.
The number of electric cars registered in the Republic of Moldova by individuals doubled last year, to 700 units. The number of electric and hybrid cars exceeded 27,500 at the end of last year, according to data from the Agency for Energy Efficiency (AEE).
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.
