Business
Romania navigates 2025 financing with discipline and sustainability
Romania has set ambitious targets to reduce greenhouse gas emissions by 78% by 2030 and achieve climate neutrality by 2050.
Harmony Energy, a UK-based developer and operator of renewable energy projects, has completed the sale of a 200-MW/400-MWh battery storage project in Poland to EDF Renewables Polska.
The European Investment Bank (EIB) will provide up to €30 million to co-finance one of Romania's largest onshore wind projects, Pestera II, located near Constanta on the Black Sea coast.
By 2027, the PPC Group plans to invest over 10 billion euros, focusing primarily on green energy, network modernization, and technological innovation.
The European Investment Bank (EIB) Group's financing in Poland rose 10% on the year in 2024, reaching €5.7 billion and helping accelerate modern development of cities and regions, as well as energy transition.
Visual Fan, through its renewable energy division Renewable EPC by Allview, has secured a contract to design and build a photovoltaic park of over 5 MW in Reșița, Caraș-Severin County.
EDP Energia Polska has signed an agreement with Cemex Polska to install and operate photovoltaic (PV) systems with a total capacity of 14 MWp across eight of Cemex's plants in Poland.
Photon Energy N.V. has signed a contract with Greenvolt Power and part of Greenvolt Group, to provide asset management for the Client's Királyegyháza solar PV power plant.
Holcim Romania has made an investment of over €700,000 in the Stăncești aggregates plant.
The European Commission has approved, under EU State aid rules, a €400 million Austrian State aid scheme, and a €36 million Lithuanian State aid scheme, to support the production of renewable hydrogen through the European Hydrogen Bank's “Auctions-as-a-Service” tool for the auction closing in 2025.
PGE Polska Grupa Energetyczna has contracted LG Energy Solution Wrocław to build a 262 MW, 981 MWh electricity storage facility in Żarnowiec, valued at €372 million. Completion is expected by Q2 2027.
Greenvolt Next entered the local market in the last quarter of 2023, supporting Romanian companies with innovative solutions for generating and consuming electricity through customized photovoltaic systems (rooftop, ground-mounted, carports), energy efficiency interventions, solar storage, and electric mobility.
OMV Petrom, the leading integrated energy producer in Southeast Europe, will supply Cluj International Airport Avram Iancu with Sustainable Aviation Fuel (SAF) starting in 2025.
Eastern European solar energy operator GoldenPeaks Capital has signed a power purchase agreement (PPA) with NGK Ceramics Polska.
RenewAcad, a certified renewable energy training center operated by Wind Power Energy, launched a new project on March 5 in Petrila.
Renewable energy use in heating and cooling continues to grow across the EU, reaching 26.2% in 2023—the highest level since records began in 2004 (11.7%).
OMV Petrom, in partnership with Save the Children Romania, is investing €1.5 million to renovate Polizu Maternity Hospital, the largest facility of its kind in Romania.
Eurowind Energy, a Danish company specializing in the development and operation of wind, solar, and hybrid projects, has announced plans to develop a significant wind energy project in Botoșani County.
Swiss-based MET Group has commenced construction on an 80 MWp solar project in the Răscăeți municipality, Dâmbovița County.
The European Commission and the European Investment Bank (EIB) Group are collaborating with national promotional banks (NPBs) and international financial institutions (IFIs) to create new financing opportunities for affordable and sustainable housing across Europe.
IFC, a member of the World Bank Group, and the Asian Infrastructure Investment Bank (AIIB) are investing €200 million in senior unsecured bonds to support infrastructure development in Europe.
Greenvolt has partnered with BYD to deploy 400MW of battery energy storage system (BESS) capacity across two projects in Poland.
The European Commission has launched a public consultation inviting all interested parties to express their views on the functioning of the competition rules applicable to vertical agreements in the automotive sector.
Porsche eBike Performance, a German company specializing in advanced electric drive systems for e-bikes, has chosen a site in Croatia for its future battery production facility.
Metropolitan Warszawa continues to set standards by reducing energy costs by approximately €482,400 and emissions by 11,200 tons over the next three years.
A consortium led by E.ON receives €45 million in EU funding to expand charging infrastructure for electric cars and commercial vehicles in Europe.
Serbia's government has signed a €100 million loan agreement with the European Investment Bank (EIB) to refurbish the Bistrica and Potpec hydropower plants in the country's west.
Power, one of the largest independent renewable energy producers in Europe, has announced its first international project finance agreement with CaixaBank, S.A. and Banco BPI, totaling €38.6 million.
United Group, a telecommunications and media company based in Southeastern Europe, has made a major investment of €120 million ($124.6 million) to expand its green energy initiatives in Bulgaria.
EBRD will advance the broader use of innovative financial instruments in Poland by signing a synthetic securitisation deal and new lending commitment with Bank Millenium.
Top lenders discussed their strategies for integrating ESG considerations into financing decisions at the first CEE ESG Forum 2024, organised by Property Forum and Green Forum in Vienna last November.
The European Commission has approved the acquisition of joint control of EEW Offshore Wind EU by EEW Holding and Sumitomo under the EU Merger Regulation.
Croatia's Ministry of Environmental Protection and Green Transition has announced plans to allocate €651.8 million in grants next year.
The Agency for Financing Rural Investments (AFIR) has launched a new funding call, offering €150 million in grants for photovoltaic and wind power projects for self-consumption in Romania.
A consortium led by E.ON receives €45 million in EU funding to expand charging infrastructure for electric cars and commercial vehicles in Europe.
The European Community Shipowners' Association (ECSA), Airlines for Europe (A4E), and Transport & Environment (T&E) have called on the European Commission and member states to accelerate sustainable fuel production for shipping and aviation.
