Romania's low electricity consumption: a key challenge in green transition
Romania will need to increase this consumption at the expense of fossil fuels such as gas or wood to transition to a green economy.
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.
It is still a long way to embedding ESG principles into corporate culture, operations, and decision-making processes. That was the main takeaway from a panel at CEE ESG Forum 2024 organised by Property Forum and Green Forum in Vienna last November.
FAN Courier, a leading Romanian logistics company, has allocated an investment budget of 40 million euros for 2025, including in renewable energy.
DRI, the European renewables division of Ukrainian energy company DTEK, has successfully connected its 60MW Glodeni II solar park to the Romanian grid.
NXP Semiconductors N.V. announced that it has secured a €1 billion loan from the EIB to advance the company's RDI investments across its broad portfolio of semiconductor solutions.
EIB and Societe Generale have agreed on a new initiative which has the potential to unlock investment of up to €8 billion to support wind energy manufacturers in Europe.