Renewable energy sources are unpredictable. In winter, when the sun isn't shining, and the wind isn't blowing, energy production often falls short of demand.
Rezolv Energy has awarded contracts to three companies for the construction of the 229 MW St. George solar park in Silistra, northeastern Bulgaria.
Hidroelectrica has signed contracts with the Hidroserv and UCMH consortium to modernize the Vaduri, Remeți, and Arcești hydroelectric plants.
These investments will reduce local energy costs, create jobs, and improve the quality of life.
The EU-Angola Sustainable Investment Facilitation Agreement (SIFA) has officially taken effect, marking the first-ever EU agreement focused on investment facilitation.
The Ministry of Environment has announced the launch of a new edition of the Green Home Solar program, with a budget of €400 million.
Romania has secured €200 million in financing from the European Investment Bank (EIB) to modernize its electricity distribution network.
E.ON Energie Romania installed over 3,500 photovoltaic systems for residential customers in the first eight months of this year.
Global energy investment is expected to surpass €2.8 trillion for the first time, with €1.9 trillion allocated to clean technologies such as renewables, electric vehicles, and nuclear power.
MET Group inaugurated its second solar power plant in the Eastern Hungarian town of Kaba.
European non-reimbursable funding for the energy sector has exceeded €14 billion, with €5.5 billion allocated to green energy production and €1.5 billion earmarked for the transport and distribution of electricity.
Nofar Energy has acquired 100% of the shares in Aviv Renewable Investment. This project company is currently developing a 160 MW photovoltaic park in Giurgiu County.
Romania's Energy Minister Sebastian Burduja signed three financing contracts under the Modernization Fund for projects focused on developing renewable energy production capacities for self-consumption.
The Turkish company Smart Solar Technologies will build a factory in Bulgaria for the production of solar cells and panels.
Chimcomplex Borzesti, a prominent Romanian chemical producer, is set to establish a large-scale industrial hub known as the Iasi Biochemistry Plant.
In the first part of this year, UniCredit set sustainability targets to further reduce both its direct environmental impact and the exposure of its loan portfolio to controversial sectors.
DRI, a subsidiary of the DTEK Group that develops renewable energy projects in the EU, is building a new 60MW solar park in Glodeni, Mureș County.
NEPI Rockcastle will invest about €100 million in greenfield photovoltaic projects in several areas in Romania to expand its green energy generation capacity.
EBRD and Raiffeisen Bank International are jointly providing€110 million to finance the construction and operation of two solar photovoltaic power plants.
Solar power generation is increasing more rapidly in Central and Eastern Europe than in any other region on the continent, outpacing the growth seen in wealthier and sunnier areas.
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".
