Romania will need to increase this consumption at the expense of fossil fuels such as gas or wood to transition to a green economy.
Danone Romania has completed an investment of €1 million in the acquisition and installation of photovoltaic panels.
Romania was among the EU states with a high share of renewable energy sources in 2022.
nextE, a renewable energy company operating as an Independent Power Producer (IPP), announced the continuation of its investment and development plans that confirm its vision of energy as a service - Energy as a Service (EaaS).
Sonae Sierra has reduced its CO2 emissions by approximately 90% from 2005 to date and its electricity consumption by 66% since 2002. The company announces that it has avoided costs of €34.9 million by implementing eco-efficiency measures.
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.
