The Ministry of Energy is preparing two major projects in the field of green energy, with a total value of over €800 million, financed from the Modernization Fund.
Greenhouse gas emissions in Hungary's energy sector are on a downward trend as the share of electricity generated by fossil fuels drops and that of renewables and nuclear power grows.
Energy Advisor, the first start-up affiliated with the Technical University of Cluj-Napoca, launches Renergia, the first mobile application in Romania that streamlines energy consumption and reduces energy bill costs.
The national electricity carrier Transelectrica is preparing an underground electricity transmission project with low carbon emissions.
The energy producer Hidroelectrica has completed the modernization of the Slatina Hydropower Plant, an important objective in the company's portfolio.
The County of Cluj is going to acquire a treatment facility through molecular disintegration, for the energy recovery of waste.
The bill for the exploitation of offshore wind energy could enter the Government in a maximum of two weeks, says the Minister of Energy, Sebastian Burduja.
Romania is one of the countries that has undertaken a very ambitious decarbonization plan, says the Minister of Energy, Sebastian Burduja.
The total amount of waste generated by Transgaz in 2022 was 648,113 tons, according to the company's Sustainability Report for 2022.
Pehart Group has reduced energy consumption by 10% through machinery reengineering for tissue paper production.
E.ON Energie Romania has announced that it supports individuals with the E.ON Solar Casa Verde solution, and offers turnkey photovoltaic systems.
The companies part of the Orange Romania Group buy renewable energy from Engie Romania.
E.ON Group has issued green bonds of €1.5 billion, as pre-financing for 2024.
The first wind power projects could be installed in the Black Sea in 2027-2028, said the Minister of Energy, Sebastian Burduja.
Complexul Energetic Oltenia announces that it has complied with its compliance obligations and purchased all CO2 certificates for last year's electricity production. The deadline for compliance was April 30.
Renewable energy sources could reach a share of approximately 34% in 2030. Europe has assumed that by 2050 it will become the first climate-neutral continent.
Enel Green Power has started work on the construction of a photovoltaic plant with a capacity of approximately 170 MW, which will be the largest solar plant in Italy. The installation will be based on bifacial photovoltaic modules - with a technology that allows the absorption of solar energy on both the front and back surfaces. This agrivoltaic solar farm will be built in an area owned by a local company that will be working with Enel Green Power on integrating agricultural activities at the plant.
The Oltenia Energy Complex will receive a state aid of RON449 million (€89.8 million) for the year 2023, from the state budget, to finance expenses with greenhouse gas emission certificates. Until now, CE Oltenia has received state aid in the form of a grant of €776.4 million, also for the purchase of greenhouse gas emission certificates.
The company Aerostar Bacău invests €3 million from its own sources in the implementation of a photovoltaic park. The photovoltaic park consists of over 7,000 panels, located on the roof of the buildings owned by Aerostar.
The Polish company R.Power Group is developing a project portfolio of over 1 GWp in Romania. The company plans to expand its share of this market in the coming months and sign more contracts for photovoltaic projects. It is estimated that the construction of the first projects will begin next year.
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.
