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.
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.
