Shikun & Binui Energy has secured a €49 million loan from the Raiffeisen Group for the Simleu Silvaniei Project, a 101 MW photovoltaic facility located in northwest Romania.
Entek acquired two Romanian companies owning the rights, some of which are in the application process, to a 214.26 MWdc solar power project under development,
The refurbishment works are scheduled to be completed within 84 months.
Apa Nova, the water supply and sewerage service provider for Bucharest, has published its 2023 sustainability report.
Clean electricity generation in Europe reached unprecedented levels. In the first half of 2024, renewables accounted for over 50% of total power generation.
Hidroelectrica has inaugurated the Microcentrala (MHC) Poiana Ruscă, marking the completion of its first investment project with external financing.
OMV Petrom SA has signed a six-year contract with Expur to purchase fully refined vegetable oil, with the option to extend the agreement for an additional two years.
In 2023, renewable energy emerged as the leading source of electricity in the EU, accounting for 44.7% of total electricity production.
Under EU State aid rules, the European Commission has given the green light to a €265 million Swedish measure to support H2GS AB in establishing a large-scale green steel plant.
Restart Energy has completed the construction and installation of two photovoltaic power plants for Aquaserv, with a total value exceeding €600,000.
BayWa r.e., the Romanian unit of a prominent German renewable energy developer, has acquired a photovoltaic (PV) plant situated in Constanta County.
The European Commission has launched the Climate City Capital Hub, a finance resource to support cities participating in the EU Mission on Climate-Neutral and Smart Cities.
Rompetrol Rafinare has upgraded the Hydrogen Power Plant (HPP) at the Petromidia refinery with an investment of nearly €9.1 million.
The project will convert the 400 kV overhead electric line (OHL) between Isaccea and Tulcea West from a single circuit to a double circuit.
FF Ventures has entered the Romanian market and plans to develop 500 MW of solar projects and 500 MW of energy storage projects over the next three years.
The European Union has allocated €2.967 billion through the Modernisation Fund to support 39 energy projects across 10 EU Member States.
Investments in renewable energy remain below the level needed to meet COP28's goal of tripling green energy capacity by 2030.
However, economic volatility, geopolitical tensions, and technological shifts have slowed the pace of the transition.
Econergy has signed an agreement to sell its Niculești solar project to Enspire Enerji, investment branch of Turkey-based Entek Elektrik.
Romanian developer Genesis Property said that it is supplying all its office and student accommodation projects in Bucharest from renewable sources, following an investment in a photovoltaic system.
The EU has emerged as a global leader in green finance, having issued over €65 billion in NextGenerationEU (NGEU) Green Bonds since 2020.
PPC has finalized the acquisition of Evryo Group's renewable energy portfolio in Romania.
Orlen has committed to driving the energy transition and a greener future.
The European Commission has approved, under EU State aid rules, a €578 million Romanian scheme to lower an electricity levy rate for energy-intensive companies
Investment firm Mezzanine Partner has introduced the €100 million Energy Adria Fund, Croatia's first energy fund classified as "dark green".
