Pehart Group, one of the largest tissue paper producers in Southeast Europe and the largest producer and processor of household paper products in Romania, is extending the syndicated loan obtained two years ago to €78 million.
Romania has set ambitious targets to reduce greenhouse gas emissions by 78% by 2030 and achieve climate neutrality by 2050.
Greenvolt Next entered the local market in the last quarter of 2023, supporting Romanian companies with innovative solutions for generating and consuming electricity through customized photovoltaic systems (rooftop, ground-mounted, carports), energy efficiency interventions, solar storage, and electric mobility.
The European Commission and the European Investment Bank (EIB) Group are collaborating with national promotional banks (NPBs) and international financial institutions (IFIs) to create new financing opportunities for affordable and sustainable housing across Europe.
The European Commission has approved, under EU State aid rules, a €400 million Austrian State aid scheme, and a €36 million Lithuanian State aid scheme, to support the production of renewable hydrogen through the European Hydrogen Bank's “Auctions-as-a-Service” tool for the auction closing in 2025.
PGE Polska Grupa Energetyczna has contracted LG Energy Solution Wrocław to build a 262 MW, 981 MWh electricity storage facility in Żarnowiec, valued at €372 million. Completion is expected by Q2 2027.
