The largest wind farm in Romania will be built in Galati County on land from 13 localities. The investment amounts to half a billion euros. The wind farm will be built on an area of approximately 13,000 hectares.
Investments in renewable energy technologies reached a record of $1.3 trillion last year, according to the International Renewable Energy Agency. The world needs around $35 trillion for transition technology by 2030, says IRENA. Renewable energy deployment must grow from around 3,000 GW annually today to over 10,000 GW in 2030.
Investors prefer sustainability to be measured in the case of commercial buildings too. Therefore new detailed rules will be elaborated and a so-called green passport for properties will be introduced, international law firm Baker McKenzie and CBRE reported after a special roundtable discussion in Budapest.
Global renewable energy capacity amounts to 3,372 gigawatts (GW) at the end of last year, some 295 GW or 9.6% higher than the previous year. The International Renewable Energy Agency (Irena) expects an increase in the number of employees in the renewable energy sector up to a total of 38.2 million in 2030, as investments in energy efficiency, electric vehicles, or hydrogen will increase.
Hidroelectrica signed a joint venture agreement with Masdar from the United Arab Emirates, for the construction of offshore wind farms and floating solar farms in Romania. Hidroelectrica is the largest producer of green energy in Romania, with a portfolio of 187 hydropower plants, with a hydropower capacity of 6.3 GW, plus the Crucea wind farm, with an installed capacity of 108 MW.
In the Republic of Moldova, the installed capacities for the production of electricity through power plants that capitalize on renewable energy sources (photovoltaic, wind, hydroelectric, and biogas cogeneration power plants) have increased three times since 2018. At the end of 2022, the power the total installed capacity was 206.81 MW, compared to 61.6 MW at the end of 2018, according to the Agency for Energy Efficiency of the Republic of Moldova.
The Dageco Expoziției Estate office building has obtained funding for the installation of 260 photovoltaic panels on the roof. The investment amounts to RON 500,000 (€100.000), without VAT, and the financing is provided by the Electric-Up program.
The Ministry of Investments and European Projects launches the REPowerEU chapter in public consultation, which will bring Romania €1.4 billion for energy independence. The amount will be used for strategic investments in the key area of energy security, which will allow the creation of clean energy production and storage ecosystems (hydropower, photovoltaics). The set of proposed measures will have a positive impact in supporting the acceleration of Europe's clean energy transition.
Kajima and Griffin Capital Partners acquired a 70% stake in Hymon, Poland's leading photovoltaic installation company. Hymon has a track record of approx. 472 MW installed photovoltaic capacity.
The company Aerostar Bacău invests €3 million from its own sources in the implementation of a photovoltaic park. The photovoltaic park consists of over 7,000 panels, located on the roof of the buildings owned by Aerostar.
The EDP Group will invest €25 billion by 2026, of which €21 billion are focused on new renewable sources. EDP makes its repeated commitment to stop using coal by 2025, and to generate 100% from renewable sources by 2030.
Hidroelectrica, a producer of renewable energy, wants to publish its first sustainability report. Last year, the state-owned company had a net profit of RON 4 billion (€800 million).
The subway transport company from Bucharest, Metrorex, has launched a tender for the purchase of electricity for one year in the electronic public procurement system. It is advantageous who offers more energy from renewable sources.
After about 10 years, green energy is once again the star of investments in the energy sector in Romania, says the state secretary of the Ministry of Energy, George Niculescu.
Romania will have a law on biomass and a law on renewable energies that can be produced on the Black Sea. The projects are being worked on in the Romanian Senate, which is looking for the best legislation in this regard.
BCR together with Erste Group arranged senior credit facilities for Enery Power Holding to acquire an 81 MW renewables portfolio.
European Commission sets out rules for renewable hydrogen. Hydrogen is also a key pillar of the REPowerEU Plan to get rid of Russian fossil fuels.
In absolute terms, the production of electricity from renewable energy sources increased by almost 5% from 2020 to 2021.
Biggeorge Holding and Energy Independence Ltd. have founded a company providing renewable energy services. After its formation, the new joint company, 8G Energy Holding Zrt., acquired Solarkraft Home Zrt. owned by Energy Independence, which will continue to operate under the name 8G Energy Solutions Zrt. in the future, according to a statement by Biggeorge.
According to the International Energy Agency (IEA), even though the share of renewables in the energy mix is increasing across the European Union, pollution has increased: more and more member states are counting firewood as a green solution, while carbon emissions are still rising. Hungary is one of the biggest statistical tricksters.
For the rest of this year, Rezolv Energy will focus on the four projects in our current portfolio.
The Romanian Competition Council announced its analysis of the deal through which Greece's Public Power Corporation (PPC) plans to acquire the operators of the Fântânele-Cogealac wind farm.
Photon Energy has connected a new 7.5 MWp solar photovoltaic (PV) power plant to the grid in Romania, marking its twelfth operational plant in the country.
Eurowind Energy signed a Shares Purchase Agreement in August for the acquisition of different projects totaling 11 PV projects of 5MW AC each.
Electrica has completed the acquisition of Foton Power Energy SRL from Emanuel Muntmark and Cătălin Mrejeru.
