The process of obtaining all the authorizations necessary to put new energy production capacities from renewable sources into operation is difficult and takes a long time, according to a study carried out by the Competition Council.
Romania has a significant and diversified capacity to produce energy from renewable sources, said the Minister of the Environment, Waters and Forests, Mircea Fechet, at the informal Council of the Environment in Spain.
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.
