The company plans to use the funds raised through the listing to acquire renewable energy assets in Romania and Moldova.
The Western Balkans Investment Framework (WBIF) announced that it is granting Albania €2.6 million to develop a 12.9 MW floating solar photovoltaic power plant.
The European Bank for Reconstruction and Development (EBRD) is extending a loan exceeding €46 million as part of a broader financing package totaling €93 million.
This loan, aimed at corporates and small and medium-sized enterprises (SMEs), will facilitate investments in eco-friendly initiatives.
Regarding environmental impact, the funded projects have resulted in annual savings of over 42,000 tons of CO2.
The European Commission has given its approval to a €300 million initiative by France to bolster the efforts of Electricité de France's (EDF) subsidiary.
The real estate, renewable energy, and transportation sectors are frontrunners for sustainable practices, alongside the public sector which should play an important role.
The Romanian Government has given its approval for a program designed to assist SMEs in their transition to renewable energy sources and electric mobility.
Leading multilateral development banks (MDBs) unveiled their joint vision on MDBs' role in supporting the circular economy.
The European Commission has approved Slovakia's €267 million support package for Volvo Cars, deeming it compliant with EU State aid regulations.
BRD Groupe Societe Generale and IFC, a World Bank Group member, have finalized a synthetic significant risk transfer (SRT) deal.
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.
EBRD has approved a financing package totaling €91.4 million for the establishment of a new wind farm in Serbia.
EBRD and EU have allocated nearly €500,000 in grants to ten Ukrainian firms, aimed at fostering the development and implementation of innovative, climate-friendly technologies.
Raiffeisen Bank Romania and the Association for Community Relations announce the 20 winning NGOs of grants totaling 1 million euros.
The European Investment Bank (EIB) has signed a €33 million investment loan to construct one of its largest solar photovoltaic plants near Pristina.
The company disclosed its proposal to shareholders to endorse a cap of €300 million for the issuance of green bonds.
The total value of the €4 billion bond issuance had a final subscription of over €14.8 billion.
Alexandra Floricică, Head of Sustainable Development at Procredit, talked about ProCredit's goals, strategies and initiatives aimed at reducing its environmental footprint while supporting the transition to a low-carbon economy.
The last few years have been marked by debates and discussions about electricity prices and new investments in renewable energy sources.
EBRD will guarantee up to €25 million for a loan provided by UniCredit Bulbank to the Tsenovo solar plant in Bulgaria.
More than €800 million in non-reimbursable funds for investments in green energy projects will be available within the next few weeks.
EBRD invested €35 million in a green bond issued by Erste & Steiermärkische Bank (ESB), the Croatian subsidiary of Austria's Erste Group Bank AG.
The European Investment Bank Group has announced that a record €49 billion was invested in green finance at the level of 2023.
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).
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.
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.
