In 2024, the Hidroelectrica Group experienced a decline in both operational and financial performance compared to the previous year, largely due to unfavorable hydrological conditions.
The European Commission has launched a public consultation inviting all interested parties to express their views on the functioning of the competition rules applicable to vertical agreements in the automotive sector.
Qair continues to expand its renewable energy portfolio, having recently energized several photovoltaic projects in Poland.
The Omnibus proposal significantly reduces the number of Romanian companies required to report ESG performance from over 6,000 to just 300, representing a 95% decrease.
E.ON Energie Romania announced the completion of a 655 kWp photovoltaic (PV) plant for the Romanian branch of German automotive parts supplier Continental Automotive.
Porsche eBike Performance, a German company specializing in advanced electric drive systems for e-bikes, has chosen a site in Croatia for its future battery production facility.
The European Commission has adopted an omnibus bill aimed at relaxing stringent environmental, sustainability, and investment regulations for companies.
The European Bank for Reconstruction and Development (EBRD) has supported the Ministry of Mining and Energy in designing and implementing Serbia's second renewables auction.
Polish solar developer R.Power has signed a long-term power purchase agreement (PPA) to supply around 240 GWh of solar energy to local telecom operator Play.
Metropolitan Warszawa continues to set standards by reducing energy costs by approximately €482,400 and emissions by 11,200 tons over the next three years.
Eurowind Energy announced that it has completed the installation of eight Siemens Gamesa wind turbines in the 48 MW wind farm at Pecineaga.
Polish energy company Polenergia has signed a corporate power purchase agreement (cPPA) to supply renewable energy to Hotel Warszawianka Congress Centre and Sofitel Grand Sopot.
The EU aims to be climate neutral by 2050, with renewable energy playing a vital role.
A consortium led by E.ON receives €45 million in EU funding to expand charging infrastructure for electric cars and commercial vehicles in Europe.
The European Investment Bank (EIB) is providing a €240 million loan to Slovakia for co-funding of EU-supported green and digital projects across the country.
A significant portion of EU grants is allocated to support sustainable initiatives, further driving the rise in these types of loans.
Polish energy group Orlen announced that its subsidiary, Energa Operator, has secured a €1.8bn loan to modernize the power grid, preparing it for the integration of renewable energy sources.
OMV Petrom announced the commencement of construction for a production unit dedicated to sustainable aviation fuel (SAF) and renewable diesel (HVO) at the Petrobrazi refinery.
In line with its 2030 ambition to decarbonize the hydrogen used in its European refineries, TotalEnergies has signed agreements with Air Liquide to develop two projects in the Netherlands.
Hidroelectrica announces the completion of a key phase in the maintenance works for hydro unit no. 1 at the Portile de Fier I Hydroelectric Power Plant.
Romania has set ambitious targets to reduce greenhouse gas emissions by 78% by 2030 and achieve climate neutrality by 2050.
Holcim Romania has made an investment of over €700,000 in the Stăncești aggregates plant.
Greenvolt Next entered the local market in the last quarter of 2023, supporting Romanian companies with innovative solutions for generating and consuming electricity through customized photovoltaic systems (rooftop, ground-mounted, carports), energy efficiency interventions, solar storage, and electric mobility.
The European Commission has approved, under EU State aid rules, a €400 million Austrian State aid scheme, and a €36 million Lithuanian State aid scheme, to support the production of renewable hydrogen through the European Hydrogen Bank's “Auctions-as-a-Service” tool for the auction closing in 2025.
PGE Polska Grupa Energetyczna has contracted LG Energy Solution Wrocław to build a 262 MW, 981 MWh electricity storage facility in Żarnowiec, valued at €372 million. Completion is expected by Q2 2027.
