Energy
Rezolv Energy aiming to set the ESG benchmark in SEE
For the rest of this year, Rezolv Energy will focus on the four projects in our current portfolio.
The Society for the Administration of Energy Participations (SAPE SA) has received funding from the National Recovery and Resilience Plan (PNRR) for its energy storage project using green hydrogen.
The European Commission has published the State of the Energy Union Report 2024 which describes how the EU has managed unprecedented challenges in the energy policy landscape during this Commission's mandate.
With support from the EBRD, Romania has introduced a Contract for Difference (CfD) mechanism this week aimed at developing renewable energy infrastructure.
Bulgarian investment fund Sofia Angels Ventures (SAV) participated in a €3 million funding round for UK-based, Romanian-founded energy tech startup Ogre AI.
The European Investment Bank (EIB) will finance the construction of a new wind farm in Lower Austria with an initial loan of €20.1 million to WEB Windenergie AG (W.E.B).
EBRD will provide a loan of €55 million to Turkey's Borusan EnBW Enerji to finance the development and construction of 116 MW of onshore wind-energy capacity.
Parapet completed Romania's first photovoltaic repowering project in August at the Solar Electric Frăsinet power plant, owned by Austria's Kraftfeld Group.
Zero-carbon sources made up over 40% of the electricity the world generated for the first time last year, according to new research.
Energy Minister Sebastian Burduja has approved the ministerial order for the Contracts for Difference (CfD) scheme.
Hygreen Energy and Coxabengoa have signed a strategic agreement to accelerate the production capacity expansion that will accelerate European hydrogen project development.
Simtel Team, in partnership with solar energy company Grunman Energy, will develop a 5 MW photovoltaic (PV) park in Bârlad, Vaslui county.
University Politehnica Bucharest invests in green energy. The university has signed a project worth over €5.87 million, funded through the Modernization Fund program, administered by the Ministry of Energy.
MOL has begun production production at the Százhalombatta refinery, the largest green hydrogen plant in Central and Eastern Europe.
Restart Energy has completed the construction and installation of a photovoltaic project for the company Mobilaiud worth more than €850,000.
PPD Global, a leading distributor of premium beverages in Romania, has invested €500,000 to equip its Bucharest logistics center with modern photovoltaic panels, totaling 405 kWp of installed power.
ENGIE Romania has expanded its renewable energy portfolio by completing its first hybrid plant, combining wind and solar power, with a total installed capacity of 57 MW.
Transelectrica has signed with Georgian State Electrosystems, AzerEnerji, and MVM Electrical Works the shareholders' agreement for the Green Energy Corridor Power Company.
Helexia has installed 27,000 photovoltaic panels in 28 retailers Auchan and Leroy Merlin.
SIPEX, a major Romanian distributor of construction and finishing material, has announced a partnership with Menlo Electric.
Germany must exceed the European Union's fuel guidelines to meet its 2045 target for climate-neutral road traffic.
EIB will spearhead a €150 million out of a €500 million financing package for Keliber Oy, a Finnish mining and battery-material processing company.
Kaufland Romania will expand its green mobility initiatives by installing new battery swap stations for electric vehicles.
NEPI Rockcastle will invest about €100 million in greenfield photovoltaic projects in several areas in Romania to expand its green energy generation capacity.
Property Forum's annual SEE Property Forum Award Ceremony will take place during SEE Property Forum on 22 October 2024. The list of award categories is already available and nominations are now open until September 16th. Property Forum's Country Manager for Romania Fulvia Meirosu and CEO Csanád Csürös answered all potential questions related to the nomination process and explained how the winners will be selected.
Bucharest's hotel market is set to expand by around 2,400 rooms by 2026, outpacing the estimated growth from other CEE-based capital cities, according to a Cushman & Wakefield report.
European non-reimbursable funding for the energy sector has exceeded €14 billion, with €5.5 billion allocated to green energy production and €1.5 billion earmarked for the transport and distribution of electricity.
In the first part of this year, UniCredit set sustainability targets to further reduce both its direct environmental impact and the exposure of its loan portfolio to controversial sectors.
EBRD and Raiffeisen Bank International are jointly providing€110 million to finance the construction and operation of two solar photovoltaic power plants.
BRD Groupe Société Générale has entered into a new partnership agreement with the European Investment Fund (EIF) to guarantee loans that finance sustainable projects.
This deal will support Nala Renewables' €214 million acquisition and development of a 99.2 MW onshore wind project in eastern Romania.
EBRD will provide a €25.1 million loan to Elektroprivreda Bosne i Hercegovine (EPBiH) to develop and construct a 50 MWp solar power plant on a former coal ash landfill site.
The European Commission has approved, under EU State aid rules, a €99.5 million Romanian measure in favor of Nokian Tyres.
The updated Directive on industrial and livestock rearing emissions entered into force on 4 August, revising the former Industrial Emissions Directive (IED).
Bucharest's hotel market is set to expand by around 2,400 rooms by 2026, outpacing the estimated growth from other CEE-based capital cities, according to a Cushman & Wakefield report.
The retail and residential players have been the most active buyers of land during H1 2024, while speculative transactions are also gaining ground, according to Colliers Romania research.
