Finance | 6 October, 2023 at 10:25 AM
Green loans represent less than 3% of banks' portfolios in Romania
Green credit exposure is below 3% of total loans, and companies are not sufficiently motivated to access green credit.
Green credit exposure is below 3% of total loans, and companies are not sufficiently motivated to access green credit.
BRD has strengthened its involvement in financing the transition to sustainability with the total volume of new sustainable financing reaching over RON 1.2 billion (€240 million) in the first half of 2023, says Flavia Popa, Secretary General, BRD Groupe Société Générale. She talked to the Green Forum about the target regarding the reduction of water and energy consumption in the BRD offices and also about the social projects that the bank supports.
In 2022, the total amount allocated to sustainable lending by Raiffeisen Bank amounted to €500.5 million.
The European Commission has allocated €422 million to support 39 innovative projects aimed at expanding alternative fuel infrastructure across the EU.
METLEN Energy & Metals S.A. Greece has secured €181 million in project financing from Piraeus Bank for the development of a large-scale solar power plant in Romania.
The European Investment Bank (EIB) and Santander have signed a €500 million counter-guarantee agreement that Santander will use to create a portfolio of bank guarantees of up to €1 billion.
E.ON Energie Romania has officially entered the green energy production sector after completing the construction of a photovoltaic power plant for the Webasto factory in Arad.
Econergy Renewable Energy, a leading renewable energy developer and Independent Power Producer (IPP), announced its success in the recent Romanian Contracts for Difference (CfD) auction with the Parau 2 solar project.
