The European Investment Bank Group (EIBG) signed its first synthetic securitization transaction backed by solar panel loans to private individuals in Poland with Inbank.
Solar photovoltaic (PV) energy production reached 2.57 billion kWh in the first eight months of this year, representing a 60.5% increase compared to the same period last year.
In 2023, the EU imported €19.7 billion worth of solar panels, €3.9 billion of liquid biofuels, and €0.3 billion worth of wind turbines from extra-EU countries.
Restart Energy, a Romanian company specializing in renewable energy, announced the completion of a 225 kW photovoltaic (PV) installation for the local pastry business, Cibibon.
EIB will provide a €250 million loan to the Belgian developer Warehouses De Pauw (WDP), which constructs and leases logistics spaces across Europe.
Allview Solar Energy has signed a contract with Autoliv Romania to implement a significant 5.7 MWp photovoltaic project.
With heatwaves and constant increases in energy prices, more Romanians are seeking ways to lower costs and alleviate concerns about energy bills.
Econergy has signed an agreement to sell its Niculești solar project to Enspire Enerji, investment branch of Turkey-based Entek Elektrik.
Romanians' interest in green energy solutions, such as installing solar panels, is on the rise in early 2024 compared to the beginning of 2023.
The Romanian company Arabesque, which manages a distribution chain of construction materials in the country, launched the tender for the construction of a photovoltaic system.
The world has added 50% more renewable capacity in 2023 than in 2022 and the next 5 years will see the fastest growth yet.
Baia Mare is the first hospital in Romania that will have a photovoltaic park.
Metigla, the company that offers complete solutions for metal coverings and closures, has installed photovoltaic panels on the roof of the Ceptura factory and is reducing its energy consumption from the grid by 70%.
ECITIM, a Romanian start-up in the field of energy, has completed 13 photovoltaic parks during the last year.
Orange Romania announced the installation of over 200 new solar panels on the roof of the communication interconnection center in Timișoara, in line with the Orange Group's commitment to achieve CO2 neutrality by 2040.
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.
The market of electric and plug-in hybrid cars in Romania has accelerated growth thanks to the incentives granted through the Rabla Plus Program and the cost of use of these eco vehicles. More and more Romanians who stay at home prefer to buy electric cars due to the cost per km traveled, and the convenience offered by the fact that they charge their car at home. This includes the possibility of charging from photovoltaic panels.
By 2050, more than 200 million tons of solar panels will be out of use, according to RESPO DEEE Association data. Solar panels provide green energy and reduce carbon emissions worldwide, but their limited lifespan of up to 25 years is a serious environmental problem.
Poland-based Keno enters the Romanian market with solar systems, installation, and heat pumps. The company is already present in Germany, Great Britain, Norway, Poland, Hungary, and the Czech Republic, specializing in the production of solar panels, heat pumps, switchboards, and mounting systems.
Over 80% of Kaufland's suppliers are from Romania, and this percentage is growing year by year, says Valer Hancaș, Director of Communication and Corporate Affairs, Kaufland Romania.
SPIE Energy Poland announced new projects at a time of major investment in Poland to support the energy transition.
ABB's Smart Buildings Division has announced a strategic collaboration with the World Green Building Council's (WorldGBC) European Regional Network (ERN) to accelerate sustainable and energy-efficient building practices across Europe.
Poland has received €9.4 billion from the EU's National Recovery Plan (NRP) after fulfilling its second and third payment requests.
SolarPower Europe (SPE) forecasts 65.5GW of solar PV additions in the EU for 2024, marking a significant slowdown compared to previous years.
EIB will provide €243 million in financing to leading independent clean wind and solar energy operator ERG Group to promote the development of renewable energy in Italy, France and Germany.
