Renewables developer OX2 has secured €73 million in financing from Germany's Nord/LB, a leading energy transition bank, for the development of a 100 MW solar farm in Poland.
The European Investment Bank Group (EIBG) signed its first synthetic securitization transaction backed by solar panel loans to private individuals in Poland with Inbank.
The European Commission has approved, under EU State aid rules, a €578 million Romanian scheme to lower an electricity levy rate for energy-intensive companies
The EU has emerged as a global leader in green finance, having issued over €65 billion in NextGenerationEU (NGEU) Green Bonds since 2020.
Electrica's shareholders have approved the issuance of green bonds, supporting the company's strategy for energy transition and sustainable development, with a cap of up to €500 million.
Multilateral development banks (MDBs) issued a joint statement at COP29 in Baku outlining financial support and other measures for countries to achieve ambitious climate outcomes.
EIB and ORLEN Group, Poland's largest energy company, signed a €200 million loan agreement for projects supporting energy transition.
Romania's Ministry of Energy has secured significant progress in its green energy transition through the Recovery and Resilience Plan (PNRR).
EBRD has agreed to invest up to €29.3 million in a green bond issuance by Poland's R.Power SA. This investment will secure funds for renewable energy projects.
Serbia has announced the launch of its second renewable energy auction. Wind projects up to an approved quota of 300 MW and solar PV projects up to 124.8 MW.
Raiffeisen Private Banking, Romania's leading private banking service, has reached the €1 billion mark in investment products.
EBRD will loan up to €31.6 million to Hrvatska Elektroprivreda d.d. (HEP), Croatia's national energy company.
The Board of Directors of the European Investment Bank (EIB) approved a total of €5.8 billion of fresh financing for projects ranging from clean energy in Poland.
The European Commission acknowledged the European Court of Auditor's (ECA) comprehensive evaluation of the 2023 EU budget, as outlined in its Annual Report.
The European Investment Bank (EIB) and Intesa Sanpaolo have agreed on a new initiative with the potential to unlock investment of up to €8 billion for the European wind industry.
EBRD supported the expansion of renewable energy developer Green Genius with an equity investment of €100 million.
EBRD plans to provide a sovereign loan of up to €100 million to enhance energy efficiency in up to 70 schools across Serbia.
Romgaz successfully concludes the first issue of bonds on the international markets.
EIB and BNZ have signed a €166 million loan to support the deployment of 17 solar photovoltaic plants across Spain, Italy, and Portugal.
The European Investment Bank (EIB) will finance the construction of a new wind farm in Lower Austria with an initial loan of €20.1 million to WEB Windenergie AG (W.E.B).
EBRD will provide a loan of €55 million to Turkey's Borusan EnBW Enerji to finance the development and construction of 116 MW of onshore wind-energy capacity.
European non-reimbursable funding for the energy sector has exceeded €14 billion, with €5.5 billion allocated to green energy production and €1.5 billion earmarked for the transport and distribution of electricity.
In the first part of this year, UniCredit set sustainability targets to further reduce both its direct environmental impact and the exposure of its loan portfolio to controversial sectors.
EBRD and Raiffeisen Bank International are jointly providing€110 million to finance the construction and operation of two solar photovoltaic power plants.
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).
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.
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.
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.
