By the end of 2021, solar accounted for almost 10% of Bulgaria's installed capacity at 1.2 GW, but only 3% of electricity production at around 1.5 TWh.
Eurohold owns the Euroins insurance company, one of the largest in Romania and the leader of the RCA policy market, which recently went bankrupt. However, the company has been active in the Bulgarian energy market for some time, buying the assets of the Czech energy group CEZ in the Balkan country for €335 million.
Real estate developer Portland Trust has sold a photovoltaic project in Dâmbovița County, which occupies an area of 290 hectares and could power a city the size of Brăila.
CCE Holding, a company specializing in the development and implementation of renewable energy projects, is starting the construction of its first photovoltaic park in Romania.
The mayor of Timisoara, Dominic Fritz, has announced that the City Hall wants to build a photovoltaic park in the west of the city, close to the Freidorf industrial area.
The National Power Transmission Company Transelectrica SA has got €56.2 million through the REPowerEu component of the National Recovery and Resilience Plan (PNRR).
Engie has started the construction of a photovoltaic park in Brăila County, located next to a wind farm that it owns.
Copper Beech Urban Development is planning a major investment of RON 745 million (€149 million) in the development of a photovoltaic park in Giurgiu County.
The European Union has reached a provisional agreement to reduce the scope and stringency of two major ESG regulatory frameworks: Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD).
Lidl Romania has published its eighth sustainability report for the 2024 financial year, announcing accelerated progress in reducing environmental impact. The retailer has achieved its international 2030 target for transitioning to natural refrigerants, with these now used in 100% of logistics centres and 81.7% of stores, compared to the original goal of 100% of logistics centres and 40% of stores. The company has also increased its green energy usage to 80% of total consumption.
Global law firm Dentons has advised OX2 on acquiring three wind power projects totaling 235 MW in Romania from Future Power. The projects, located in Vaslui and Vrancea counties, are expected to be commissioned between 2028 and 2030, subject to permitting.
Romania is emerging as a key destination for Turkish renewable energy investments, attracting growing interest from industrial and financial groups. Real grid connection opportunities for projects, infrastructure modernisation potential, and investment framework stability make Romania strategic for Turkish capital as Europe accelerates its transition to sustainable sources and energy independence.
51% of Romanian entrepreneurs see sustainability as a way to reduce operational costs, yet the same proportion say implementation is too expensive, according to a new study by BRD Groupe Société Générale. Conducted among micro and small-to-medium enterprises, the research outlines how Romanian entrepreneurs perceive the opportunities and challenges of transitioning to sustainable business models.
