Braşov City Hall launched a tender for the development of a photovoltaic park with a power of 20 MW. The maximum value of the purchase exceeds RON90 million (€18 million).
The banking sector in Romania has made notable progress in aligning its practices to evolving ESG standards and regulations aimed to support the EU's ambitious decarbonization targets, says Gyula Fatér, CEO of OTP Bank Romania. He talked to Green Forum about the role that ESG currently plays in the decision-making process at OTP Bank Romania.
TotalEnergies enters the Romanian energy market and buys five photovoltaic park projects from PNE. The parties involved in the transaction have agreed not to disclose the purchase price.
DIY company Brick Romania started a project last year to implement green energy solutions for its work units. The Brick store in Constanța benefited from an investment of RON1 million (€200,000) in photovoltaic panels, which provide approximately 35% of the energy requirement.
Simtel Team completed the largest photovoltaic project built in Romania in a logistics park for CTP Romania.
OMV Petrom, the largest integrated energy company in Southeast Europe, signed an agreement for the purchase of several projects for the construction of photovoltaic parks in Teleorman County.
The construction sector has a central role in achieving the climate and energy objectives set by the EU EPBD Directive and approved by the European Parliament in March this year, with deadlines for 2030 and 2050 respectively. According to the Association for the Promotion of Energy Efficiency in Buildings (ROENEF), the construction sector represents approximately 8.2% of the EU GDP, respectively 10% of total employment.
Vascar, one of the main producers of meat preparations and preserves in Romania, installed a system of photovoltaic panels worth RON3 million (€600,000) close to the production unit in Vaslui. The project consists of 1,400 panels, on an area of 12,000 sqm, with an installed power of 770 kWp, the company says in a press release.
Eurohold Bulgaria has commissioned the 123 MW Verila solar park located in Dupnitsa in southwest Bulgaria, according to Enerdata. Eurohold is the group that owns the bankrupt Euroins Romania insurance company. The photovoltaic power plant is currently the largest in Bulgaria.
Commissioner for International Partnerships, Jutta Urpilainen, announced the resumption of budget support for Zambia and launched three programs worth €110 million under Global Gateway. The announcement was made alongside President Hakainde Hichilema and Minister of Finance and National Planning Situmbeko Musokotwane.
wpd, a renewable energy developer based in Germany, plans to build a solar power plant at the site of its existing wind farm Katuni in Croatia. The new solar power plant with an installed capacity of 30 MW and the existing wind farm with a capacity of 34.2 MW will together deliver a maximum of 39 MW to the grid at a time. This is in line with wpd's existing connection contract with the transmission system operator.
CIEH Soda Romania has started the production of solar energy, as a result of an investment of RON1.7 million (€340,000) in a photovoltaic park. The investment marks a new activity in the development process of the company, which currently produces liquid silicates, an important raw material for the tire industry, the detergent industry, and the paper industry, in the production of chemicals used in construction and for materials used in welding.
Companies can receive up to €20 million for photovoltaic energy projects through the EU's Modernization Fund, says Răzvan Gălăţan, Operational Director of Goodwill Consulting, a consulting firm for European funds.
The ambassadors of the EU member states reached an agreement on the expansion of renewable energy until 2030. France obtained assurances that nuclear energy will have a more important role in the energy transition and thus gave up its last opposition moment.
The Carmistin Group invested €8 million in a poultry farm in the town of Potcoava in Olt County. It is the first farm of the Group to benefit from a power plant that uses biomass to heat the halls. Also, for electricity consumption, the project was provided with photovoltaic panels mounted on the roofs of the halls.
The municipality of Caianu in Cluj County will cover its own electricity consumption from renewable sources. The Cluj County Council issued the urban planning certificate necessary for the establishment of a solar power production capacity to cover 99% of Căianu locality's own consumption, in Cluj County.
Purcari Wineries Public Company Limited continues its efforts in sustainability by extending its photovoltaic system located at Purcari Winery and installing a new System on the premises of Bostavan Winery. The existing Solar Panel System installed in 2022 on the rooftop of Purcari Winery's production site, was extended with an additional 300 kW.
The European Union's Modernisation Fund has disbursed €2.4 billion to 31 projects in seven beneficiary countries to help modernize their energy systems, reduce greenhouse gas emissions in energy, industry, and transport, and improve energy efficiency. It is the joint largest disbursement to date and will boost Europe's green transition.
The European Commission urges Lithuania to fully transpose the Renewable Energy Directive. The European Commission decided to send a reasoned opinion to Lithuania for not having fully transposed EU rules on the promotion of the use of energy from renewable sources set out in Directive (EU) 2018/2001.
Energia Naturalis (ENNA) investment group from Croatia is starting preparations for an initial public offering (IPO) and plans to invest over €1 billion into green projects in Croatia. The company is developing large renewable energy projects, primarily solar and geothermal.
Lidl Romania aims to contribute to the development of sustainable local agriculture by promoting organic farming and regenerative farming practices, which contribute to soil health and biodiversity conservation.
The EU has emerged as a global leader in green finance, having issued over €65 billion in NextGenerationEU (NGEU) Green Bonds since 2020.
Roeslein & Associates, a leading engineering, procurement, and construction (EPC) services company, announced the opening of its new European Design Center in Krakow, Poland.
The global energy transition, projected to cost €190 trillion by 2050, could see cost reductions of nearly 25% through the use of de-risking instruments.
The Romanian Ministry of Energy launched a grant program funded by the Modernization Fund.
