Romania's Ministry of Environment, Water and Forests launched a program dedicated to installing photovoltaic panels for churches.
The investment is worth nearly €7.04 million of which approximately €1.5 million are non-reimbursable funds from the National Recovery and Resilience Plan (PNRR).
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.
Microsoft has achieved its goal of matching 100% of its annual global electricity consumption with renewable energy, reaching the milestone five years ahead of its 2025 target. The achievement supports the company's commitment to become carbon negative by 2030.
The recent weakening of the CSRD may have some real estate developers cheering the compliance rollbacks, but the consequences could be complicated. A new research survey examines how EU real estate firms are navigating changes to the CSRD, and what that could mean for upcoming SFDR revisions.
Waldevar Energy has begun construction on two utility-scale photovoltaic parks for Doral Energy in Tudor Vladimirescu (Brăila County) and Ștefan Vodă (Călărași County), Romania. The projects will deliver 14 MWp of installed capacity using around 25,000 photovoltaic panels.
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.
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).
