Finance | 26 July, 2024 at 9:00 AM
World Bank to boost green growth in Romania
The World Bank Group's Board of Executive Directors has approved a Development Policy Loan (DPL) for Romania, amounting to €599.1 million.
The World Bank Group's Board of Executive Directors has approved a Development Policy Loan (DPL) for Romania, amounting to €599.1 million.
EBRD and the World Bank Group have entered into a memorandum of understanding (MOU) to strengthen their collaboration and effectively address global challenges together.
IFC is providing a €35 million loan to Karsan.
The World Bank supports Bulgaria's efforts to secure clean energy resources. The bank will provide expert technical opinions based on the best global ideas and practices for managing Bulgaria's geothermal energy resources. The use of geothermal energy will provide new jobs and guarantee a smooth transition to green energy.
Romania has set ambitious targets to reduce greenhouse gas emissions by 78% by 2030 and achieve climate neutrality by 2050.
Eastern European solar energy operator GoldenPeaks Capital has signed a power purchase agreement (PPA) with NGK Ceramics Polska.
RenewAcad, a certified renewable energy training center operated by Wind Power Energy, launched a new project on March 5 in Petrila.
Renewable energy use in heating and cooling continues to grow across the EU, reaching 26.2% in 2023—the highest level since records began in 2004 (11.7%).
OMV Petrom, in partnership with Save the Children Romania, is investing €1.5 million to renovate Polizu Maternity Hospital, the largest facility of its kind in Romania.
