Finance | 23 February, 2024 at 8:00 AM
Over 250 investors show interest in Romania's first green bond issuance
The total value of the €4 billion bond issuance had a final subscription of over €14.8 billion.
The total value of the €4 billion bond issuance had a final subscription of over €14.8 billion.
The Corporate Sustainability Reporting Directive (CSRD), officially known as Directive (EU) 2022/2464, has been incorporated into Romanian legislation.
This investment is crucial for mitigating environmental impacts and facilitating the transition to a sustainable energy framework.
These funds are allocated for grid expansion and modernization projects valued at a total of €645.7 million.
BayWa r.e. is set to acquire the Poarta Albă solar park project in Romania in 2024, originally developed by HVAC Systems.
The project implementation period is 12 months, from December 2023 to December 2024.
This initiative aims to attract an additional € 5.4 billion in private investments.
Leroy Merlin Romania will cease the sale of halogen bulbs, offering exclusively LED products, starting from May 2024.
The Ministry of Environment announced that more than 2 million packages were returned by consumers.
Pipe manufacturer Artrom Steel Tubes will invest more than €6 million in 2024 to optimize measures to reduce carbon emissions and fuel consumption.
Brasov City Hall installed the first benches with photovoltaic panels, a contactless phone charging system, wireless internet, temperature, and pollution sensors.
The last few years have been marked by debates and discussions about electricity prices and new investments in renewable energy sources.
The project will be implemented by November 9, 2025.
Targoviste City Hall will build a photovoltaic park by December 2026 with European money on an area of 50,000 square meters.
Hidroelectrica completed the modernization of ten 110kV electrical stations in SH Hateg.
They are located in the Muntenia area, at a maximum distance of 80 kilometres from the Bucharest.
Waldevar Energy contracted a total of 481 MW in photovoltaic projects across Romania during 2023.
EBRD will guarantee up to €25 million for a loan provided by UniCredit Bulbank to the Tsenovo solar plant in Bulgaria.
More than €800 million in non-reimbursable funds for investments in green energy projects will be available within the next few weeks.
EBRD invested €35 million in a green bond issued by Erste & Steiermärkische Bank (ESB), the Croatian subsidiary of Austria's Erste Group Bank AG.
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.
