ProCredit Bank Romania finances 2 renewable energy projects

Green Forum

3 April, 2024 at 8:00 AM

ProCredit Bank Romania announced the granting of a total financing of €3.4 million to the group of companies 3D Steel Design & Construct and Hansarom Management & Consulting. This financing facilitates the construction of two photovoltaic parks, one with a capacity of 5.6 MWp and the other with a capacity of 4.3 MWp, both equipped with a 1 MW battery energy storage system.

Thus, ProCredit Bank strengthens its role as a trusted partner in promoting sustainable development for small and medium-sized enterprises in Romania.

The total investment in the two projects will be close to €6 million, of which ProCredit Bank will provide a total financing of €3.4 million. The projects will also benefit from European funding through non-repayable funds via the National Recovery and Resilience Plan.

The companies 3D Steel Design & Construct SRL and Hansarom Management & Consulting SRL plan to develop two photovoltaic park projects in Prahova County. The investment made by 3D Steel Design & Construct SRL in the town of Poenarii Burchii consists of a photovoltaic plant with a capacity of 5.6 MWp. It will be installed on the ground on a fixed structure and will include 9,816 photovoltaic panels of 580 Wp. The project in Bănești, developed and owned by Hansarom Management & Consulting SRL, consists of a ground-mounted photovoltaic power plant with a total capacity of 4.3 MWp. Both projects are equipped with a 1 MW battery energy storage system, which will operate as a balancing and stabilizing mechanism for the photovoltaic plant.

Companies from Romania to access over €800 million of funds for green energy investments

More than €800 million in non-reimbursable funds for investments in green energy projects will be available within the next few weeks.

Finance

EBRD invests €35 million in first green bond issued by Erste Croatia

EBRD invested €35 million in a green bond issued by Erste & Steiermärkische Bank (ESB), the Croatian subsidiary of Austria's Erste Group Bank AG.

Environment

ALRO invests €2.5 million in heat treatment furnace to reduce CO2 emissions

ALRO has purchased an aluminium aging furnace with electric heating from SECO/WARWICk.

Energy

Oradea builds photovoltaic park with European funds

Eight companies or associations of companies have submitted bids for the construction of the photovoltaic park next to the Multipurpose Hall Oradea Arena.

Mobility

Arctic introduces 100% electric utility vehicles to its fleet

The initiative is part of the company's sustainability strategy and a first step in the transition to a green fleet.

Environment

Romania ranks last in EU for municipal waste production and recycling

In 2022, Romanians were in last place in the European Union in terms of municipal waste production and recycling, according to data published by Eurostat.

Industry

ROCA Investments to expand solar power capacity across all locations

Reducing carbon emissions and increasing the share of renewable energy and the development are the objectives of Roca's sustainability strategy for 2024.

LATEST NEWS

10 Dec

EU scales back corporate sustainability laws — Investors warn transparency will suffer

10 Dec

Dentons advises OX2 on 235 MW Romanian wind acquisition

3 Dec

Reckitt signs major lease at Garbe Park Klášterec nad Ohří

27 Nov

M Core opens new retail park in Orăștie

25 Nov

Crestpoint launches new project management platform in Prague

CONFERENCES

CEE PROPERTY FORUM & AWARDS GALA 2024 - VIENNA, AUSTRIA

POLAND ESG FORUM 2024

Romania ESG Forum 2024

RECOMMENDED FROM THE HOME PAGE

Regulation

EU scales back corporate sustainability laws — Investors warn transparency will suffer

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).

Energy

Dentons advises OX2 on 235 MW Romanian wind acquisition

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.

Energy

Turkish investors pour millions into Romanian green energy

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.

Business

Cost remains main driver and biggest barrier in sustainability

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.

Environment

Nearly 772 million liters of water are lost annually due to leakages

The Annual Water Report, based on over 13.5 billion liters of monitored water usage across 5,370 properties in 36 countries, reveals that 67% of properties experience water leakage yearly. With rising water scarcity, increasing tariffs, aging infrastructure, and stricter regulations, property owners are under growing pressure to better understand their water consumption.

POPULAR

Finance

6 months ago

EBRD and ProCredit sign €14 million green guarantee