Romania will need to increase this consumption at the expense of fossil fuels such as gas or wood to transition to a green economy.
CEC Bank has signed with the European Investment Fund (EIF) a new agreement, worth €105 million, to support SMEs and small companies with medium capitalization to increase their competitiveness and transition to a green, sustainable economy, within the PNRR - The compartment for Member State Romania.
Romania is among the most vulnerable countries in the region to the risks related to the transition to a green economy, in the context where investments in decarbonization are expected to put additional pressure on public finances. According to the global rating agency Fitch Ratings, the cost impact of the decarbonization transition on sovereign ratings in the region appears to be manageable.
The energy transition is a central priority for ENGIE, both worldwide and in Romania.
Ingka Investments, the investment arm of the Ingka Group – the largest IKEA retailer, has inaugurated its first solar park in Poland, reinforcing the commitment to the renewable energy transition.
Greenvolt Power has completed the sale of the Pelplin Wind Farm (pictured) to Enea Nowa Energia, a subsidiary of the Enea Group, one of Poland's largest electricity providers.
Hidroelectrica has signed a contract for the purchase of its first Li-ion battery energy storage system, which will be deployed at the Crucea Nord Wind Farm.
ENGIE Romania and the Viitor Plus Association have completed the project "Education and Practice in Building Energy Efficiency," an initiative that combines technical solutions with educational outreach for students and teachers nationwide.
