Hidroelectrica inaugurates its first investment project with external financing
Hidroelectrica has inaugurated the Microcentrala (MHC) Poiana Ruscă, marking the completion of its first investment project with external financing.
Hidroelectrica has inaugurated the Microcentrala (MHC) Poiana Ruscă, marking the completion of its first investment project with external financing.
In 2023, renewable energy emerged as the leading source of electricity in the EU, accounting for 44.7% of total electricity production.
BayWa r.e., the Romanian unit of a prominent German renewable energy developer, has acquired a photovoltaic (PV) plant situated in Constanta County.
Rompetrol Rafinare has upgraded the Hydrogen Power Plant (HPP) at the Petromidia refinery with an investment of nearly €9.1 million.
Investments in renewable energy remain below the level needed to meet COP28's goal of tripling green energy capacity by 2030.
However, economic volatility, geopolitical tensions, and technological shifts have slowed the pace of the transition.
Econergy has signed an agreement to sell its Niculești solar project to Enspire Enerji, investment branch of Turkey-based Entek Elektrik.
The European Commission has approved, under EU State aid rules, an estimated €3 billion German scheme to support the construction of the Hydrogen Core Network.
Ember estimates that 20% of global electricity generation across midday peaks on the solstice today will come from solar and in the entire month of June.
This partnership involves virtual Power Purchase Agreements (vPPAs) for clean power generated by Rezolv's impressive Vifor wind farm in Romania.
OMV Petrom announced a revision of their 2030 strategy, focusing on a bigger push for renewable energy, sustainable fuels, and making electric vehicles more accessible.
The EU and KfW have signed a Guarantee Agreement enabling the financing of additional renewable energy generation capacities and further network development.
Premier Energy signed the development of two photovoltaic projects with a combined capacity of 86 MW and 18 MW of storage capabilities.
IFC provided long-term debt financing for the 461-megawatt (MW) Vifor Wind Power Plant, to boost the supply of competitively priced renewable energy in Romania.
In 2023, the equivalent of 1.7 million more European homes became solar battery-powered.
EBRD is financing the first private energy deal led by a foreign investor to add renewable generation capacity in Ukraine since February 2022.
Engie Romania, together with EFdeN, launched the Sustainable Prosumer Guide, a set of recommendations for becoming a sustainable prosumer.
Nuclearelectrica and Korea Hydro & Nuclear Power (KHNP) announced the commencement of construction for Europe's first tritium removal facility at the Cernavoda Nuclear Power Plant.
Energy Minister Sebastian Burduja has signed 14 financing contracts for photovoltaic panels for municipalities and public institutions.
TotalEnergies and Air Products have signed a 15-year agreement for the annual supply in Europe of 70,000 tons of green hydrogen starting in 2030.
Global spending on clean energy technologies and infrastructure will reach €1.85 trillion in 2024.
The tender is valued at €8.4 million, with Rețele Electrice Dobrogea being the beneficiary of the work.
The European Commission has approved an Italian scheme to support a total of 4590 MW of new capacity for electricity production from renewable energy sources.
Since 2019, wind and solar capacity in the EU has grown by 65% (+188 GW). Wind capacity increased by 31% (+52 GW) to 219 GW in 2023.
OMV Petrom is implementing measures to reduce its GHG emissions footprint by transitioning from non-renewable energy sources to renewable energy sources.
Romania's Competition Council has given the green light for Premier Renewable to acquire Eolica Dobrogea One.
The World Bank Group's Board of Executive Directors has approved a Development Policy Loan (DPL) for Romania, amounting to €599.1 million.
The European Commission has decided to initiate infringement proceedings by sending letters of formal notice to the 27 EU member states for failing to meet waste collection and recycling targets.
Consumers returned 350 million DRS packaging in June, 41% more than in May. The collection rate was 50% in June.