The photovoltaic plants will have a total installed capacity of 1.15 MWp and are implemented in two locations of a renowned hypermarket in Romania, Baia Mare and Satu Mare.
The EU is making significant strides toward achieving its wind energy target for 2030, largely attributed to improvements in permitting processes and increased investments.
EBRD and French asset manager Eiffel Investment Group supported solar energy development in Poland.
The European Union announced that it cannot afford to restrict the import of photovoltaic panels despite challenges faced by European producers in the industry.
The company Teiuș.Solar, part of the Danish group Eurowind Energy, announced the launch of the project Teiuș Photovoltaic Park.
Construction will start in the first part of 2024, with the aim for the wind farm to become operational by the end of 2025.
The construction of a photovoltaic park in Brodoc is envisioned, covering an area of 30 hectares, with an expected annual output of approximately 2,357 MW/h.
Romania's "Photovoltaic Green House" program is to have a budget of €402 million in 2024.
Romania had 110,355 prosumers by the end of 2023, with an installed capacity of 1,442 MW.
Renovatio is set to finalize the photovoltaic project at Electrocentrale Borzesti by the end of April 2024, with a planned installed capacity of 50 MW.
The overarching goal is for Hidroelectrica to emerge as a leading force and pivotal player in Romania's energy transition.
These contracts have been signed with the Ministry of Energy and involve a maximum funding of €50 million, while the total investment is around €140 million.
Romania has had the opportunity to solidify its energy independence and transition into a net energy exporter.
Swiss solar energy firm Meyer Burger announced the closing of its photovoltaic plant near Dresden in eastern Germany.
This is a first step, as the ultimate goal is to transform the plant into a zero-energy and zero-greenhouse gas emission platform.
This investment is crucial for mitigating environmental impacts and facilitating the transition to a sustainable energy framework.
Wind and hydropower collectively accounted for over two-thirds of the total renewable electricity generated (37.5% and 29.9% respectively).
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 highlights a significant shift in the company's strategy, moving towards clean and sustainable energy sources.
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.
It is still a long way to embedding ESG principles into corporate culture, operations, and decision-making processes. That was the main takeaway from a panel at CEE ESG Forum 2024 organised by Property Forum and Green Forum in Vienna last November.
Wind energy was the top source of electricity production last night, contributing nearly 27% of the total.
Qualitas Energy announced today the acquisition of a 117 MWp solar portfolio in Poland.
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 invested €707 million in 44 projects in Romania last year, a notable increase from the €658 million invested in 23 projects in 2023.
