Energy | 20 January, 2025 at 8:00 PM
Ensys Group invests €25 million in green projects in Romania
Ensys Group, a key player in Romania's photovoltaic systems sector, is set to launch a green hydrogen production plant in Bihor County.
Ensys Group, a key player in Romania's photovoltaic systems sector, is set to launch a green hydrogen production plant in Bihor County.
University Politehnica Bucharest invests in green energy. The university has signed a project worth over €5.87 million, funded through the Modernization Fund program, administered by the Ministry of Energy.
E.ON Energie Romania installed over 3,500 photovoltaic systems for residential customers in the first eight months of this year.
PROMELEK XXI recorded a turnover of €1.66 million from the installation of turnkey photovoltaic systems in the first six months of the year.
With heatwaves and constant increases in energy prices, more Romanians are seeking ways to lower costs and alleviate concerns about energy bills.
Cosmic Electric Power, a company specializing in the supply and installation of photovoltaic systems, has announced a partnership with Flanco, a retailer of electronics, home appliances, and IT&C products in Romania.
More than half of Romanians (52.2%) intend to install photovoltaic systems in the next two years, according to an Atu Tech survey.
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.
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.
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.
