The bond has a 10-year term and a 3.5% coupon, with proceeds earmarked for both new and ongoing renewable energy projects. Investor demand was strong, surpassing €3.7 billion, and over 170 investors from across Europe participated. The final pricing was set at a 110 basis point spread over mid swap, with 93% of allocations going to sustainable investors.
The issuance was led by a syndicate of eight banks: Bank of China, BBVA, Crédit Agricole, Deutsche Bank, HSBC, MUFG, CIC, and UniCredit.
Amazon and Iberdrola have expanded their global renewable energy partnership by adding 476MW of new power purchase agreements (PPAs) across five countries.
The European Investment Bank (EIB) and Iberdrola, backed by SACE's Archimede Guarantee, have signed a new €100 million green loan agreement to build a new photovoltaic plant in Italy.
The initiative is part of the company's sustainability strategy and a first step in the transition to a green fleet.
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.
Reducing carbon emissions and increasing the share of renewable energy and the development are the objectives of Roca's sustainability strategy for 2024.
The companies can submit their project proposals until 12 March 2024.
Romania and Turkey have signed their first bilateral memorandum of cooperation in the energy sector, marking a significant step toward enhanced collaboration in both traditional and renewable energy fields.
Turkish energy company Yeşilyurt Enerji has acquired a 41 MW solar project in Dâmbovița County, Romania.
The “Da Vinci New Project” solar park in Nanov, Teleorman County, has been completed with funding from Romania's National Recovery and Resilience Plan.
Polenergia, the largest private energy group in Poland, has begun the technological commissioning of its Szprotawa photovoltaic farm—its most ambitious solar project to date.
OMV Petrom will expand its electric mobility infrastructure by adding fast-charging services for electric trucks, with 400 kW stations integrated into its network.
