Energy | 30 August, 2024 at 8:00 PM
Romania signs €16.2 million in contracts for local renewable energy
These investments will reduce local energy costs, create jobs, and improve the quality of life.
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.
In July, 763 million packages were placed on the market, and the collection rate was 62%.
Premier Energy Group reports €534.8 million in normalized revenue for the first half of 2024, marking a significant milestone in its performance.
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.
Germany must exceed the European Union's fuel guidelines to meet its 2045 target for climate-neutral road traffic.
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.
EIB will spearhead a €150 million out of a €500 million financing package for Keliber Oy, a Finnish mining and battery-material processing company.
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.
Kaufland Romania will expand its green mobility initiatives by installing new battery swap stations for electric vehicles.
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.
The energy transition is a central priority for ENGIE, both worldwide and in Romania.
OMV Petrom announced that starting this year, its sustainability reporting will be integrated into the company's Annual Report.
European Investment Bank and PGE Polska Grupa Energetyczna seal new financing agreement worth over €525 million.
Ingka Investments, the investment arm of the Ingka Group – the largest IKEA retailer, has inaugurated its first solar park in Poland, reinforcing the commitment to the renewable energy transition.
Hidroelectrica has signed a contract for the purchase of its first Li-ion battery energy storage system, which will be deployed at the Crucea Nord Wind Farm.
