Wind and solar energy reached a record high of 12% of global electricity generation in 2022. All renewable energy sources, including nuclear power, comprised 39% of global electricity last year. Meanwhile, EU countries are lagging behind with wind power expansion.
Raiffeisen Bank enters the market with the second tranche of the sustainable bond issue, which amounts to approximately RON 490 million (€98 million), for which it must pay an interest rate of 8.29% per year.
Renewable energy sources could reach a share of approximately 34% in 2030. Europe has assumed that by 2050 it will become the first climate-neutral continent.
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.
Poland has announced that its first offshore wind auction will take place in December 2025, aiming to award contracts for up to 4 GW of new capacity. I
Met Group has inaugurated Hungary's largest standalone battery energy storage system (BESS), a 40 MW / 80 MWh facility located at the Dunamenti Power Station in Százhalombatta.
EDP, through EDP Renewables, a global leader in the development of renewable energy, has inaugurated the Albina photovoltaic power plant – an important step for the company.
Auchan Romania is expanding its options for collecting beverage containers made of PET, aluminum, and glass marked with the DRS (Deposit Return System) symbol by introducing an innovative system uniquely capable of accepting all three types of packaging in bulk, without requiring prior separation by the consumer.
The European Commission has adopted a new European Ocean Pact, a bold initiative aimed at protecting marine ecosystems while fostering a sustainable blue economy and supporting the well-being of coastal communities.
