Business
90% of Romanian firms to cut emissions, EIB reports
Most Romanian firms – 90% – have acted to reduce greenhouse gas emissions, in line with companies elsewhere in Europe, according to a European Investment Bank (EIB) Group survey.
MPK Poznań has entered into a new agreement with Solaris Bus & Coach for the purchase of five Solaris Urbino 12 hydrogen buses, with an immediate extension of the order to include four additional vehicles.
Bucharest remains one of the largest and most developed office markets in Central and Eastern Europe (CEE).
Amazon Poland announced that the first of its four solar and wind projects, with a combined capacity of 140 MW, has begun generating electricity.
Renewable Energy Insurance Broker (REIB) insured the largest photovoltaic park in Southeastern Europe, located in Ratesti, Arges County, Romania.
Simtel Team has completed a new solar energy project for MagiCAMP, an initiative of Asociatia Magic.
METLEN Energy & Metals S.A. Greece has secured €181 million in project financing from Piraeus Bank for the development of a large-scale solar power plant in Romania.
E.ON Energie Romania has officially entered the green energy production sector after completing the construction of a photovoltaic power plant for the Webasto factory in Arad.
Econergy Renewable Energy, a leading renewable energy developer and Independent Power Producer (IPP), announced its success in the recent Romanian Contracts for Difference (CfD) auction with the Parau 2 solar project.
The European Investment Bank (EIB) and Santander have signed a €500 million counter-guarantee agreement that Santander will use to create a portfolio of bank guarantees of up to €1 billion.
Electrica finalized the acquisition of Crucea Power Park SRL (CPP), a company primarily focused on wind energy production.
Syrena Real Estate has entered into a corporate Power Purchase Agreement (cPPA) with Polenergia Sprzedaż.
Romania is set for a significant expansion in the photovoltaic sector in 2025, driven by funding programs such as Casa Verde and RePower EU.
CMS has provided legal counsel to DRI in relation to the physical power purchase agreements (PPAs) concluded with OMV Petrom for three solar projects.
Croatia's solar market is expanding annually, with most growth driven by residential and industrial rooftop installations.
Poland's Tele-Fonika Kable (TFK) and the Industrial Development Agency (ARP) have signed a letter of intent to collaborate on building a cable laying vessel (CLV) for installing and maintaining subsea cables in offshore wind farms, primarily in the Baltic Sea.
Kajima Poland, a subsidiary of Japan's Kajima Corporation, has completed an 11.6-MW photovoltaic (PV) plant for NGK Ceramics' Polish unit.
Visual Fan announced the signing of a contract with Societatea Națională a Sării S.A. for the design and execution of a photovoltaic park with a nominal capacity of 1.963 MWp.
Orange Romania has signed a new 10-year virtual Power Purchase Agreement (vPPA) with ENGIE Romania to secure 40 GWh of renewable energy annually.
The European Investment Bank (EIB) approved approximately €53.5 million in financing to support sustainable urban development of Poland's south-eastern city of Kielce.
The European Commission has allocated €422 million to support 39 innovative projects aimed at expanding alternative fuel infrastructure across the EU.
EC has approved a €48 million French measure to support Envision AESC France in setting-up a new factory for the production of Lithium-ion batteries for electric vehicles in Douai.
The European Commission will allocate almost €1.25 billion in grants from the Connecting Europe Facility (CEF) to 41 cross-border energy infrastructure projects.
ABB and Škoda Group have announced a partnership, the first of its kind between the two companies, that marks a milestone in railway electrification.
Battery-electric cars remained the third-most-popular choice for buyers in 2024, according to the European Automobile Manufacturers' Association.
NXP Semiconductors N.V. announced that it has secured a €1 billion loan from the EIB to advance the company's RDI investments across its broad portfolio of semiconductor solutions.
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.
The European Commission allocated €26.8 billion in loans and grants under the Recovery and Resilience Facility (RRF) to Czechia, Germany, Italy, Portugal, and Romania.
NXP Semiconductors N.V. announced that it has secured a €1 billion loan from the EIB to advance the company's RDI investments across its broad portfolio of semiconductor solutions.
EIB and EMT have agreed on a €69 million loan to finance the expansion of EMT Valencia's fleet of zero-emission buses
