
Industry
CMS advised DRI on PPAs with OMV Petrom
CMS has provided legal counsel to DRI in relation to the physical power purchase agreements (PPAs) concluded with OMV Petrom for three solar projects.
Poland's Tele-Fonika Kable (TFK) and the Industrial Development Agency (ARP) have signed a letter of intent to collaborate on building a cable laying vessel (CLV) for installing and maintaining subsea cables in offshore wind farms, primarily in the Baltic Sea.
Photon Energy N.V. announced that its Hungarian subsidiary Photon Energy Operations HU Kft has signed an asset management agreement for two PV power plants.
Hungary has risen to the top of Europe's solar energy leaderboard, surpassing Greece, with solar power now contributing an impressive 25% of the country's domestic electricity generation in 2024.
PGE and ZE PAK have reached an agreement to establish the terms and conditions for acquiring both a gas and a nuclear project.
Ursula von der Leyen, the President of the European Commission, launched the Global Energy Transition Forum, together with the Executive Director of the International Energy Agency, Fatih Birol.
Wind energy was the top source of electricity production last night, contributing nearly 27% of the total.
The Romanian Ministry of Energy is set to allocate an additional €150 million for electricity storage batteries.
ArcelorMittal Poland, a subsidiary of the global steel giant ArcelorMittal, has begun commissioning new hydrogen furnaces in its annealing shop in Krakow.
Aurora Energy Research has released its inaugural European Renewables Market Overview Report, projecting that intermittent renewable energy capacity in Europe will more than triple by 2050.
Wind energy was 20% of all the electricity consumed in Europe. But Europe is not building enough new wind farms.
DRI, the EU renewable energy division of Ukrainian energy company DTEK, has appointed Ivan Geliukh as its new CEO, succeeding John Stuart, who led the company for nearly three years.
Romania's Ministry of Energy has announced a goal of adding 2,500 MW of new capacity to the country's energy system by 2025.
Masdar has made significant strides in expanding its renewable energy portfolio in Europe through two major acquisitions in the Iberian Peninsula, supporting its ambitious growth objectives.
The European Investment Bank (EIB) and ORLEN Group, Poland's largest energy company, have signed a second loan agreement this year, amounting to €207 million, to support energy transition projects.
Vestas has received turbine orders totaling 151 MW for four projects across Poland, Denmark, Italy, and Portugal.
Nuclearelectrica announced a €1.9 billion EPC contract with an international consortium to refurbish Unit 1 and extend its life by 30 years.
Tauron has inaugurated the Gamów wind farm in the Silesian province, its 14th onshore wind farm. Located in the Rudnik commune, the site includes 15 turbines with a total capacity of 33 MW.
Poland has received €9.4 billion from the EU's National Recovery Plan (NRP) after fulfilling its second and third payment requests.
EIB will provide €243 million in financing to leading independent clean wind and solar energy operator ERG Group to promote the development of renewable energy in Italy, France and Germany.
SPIE Energy Poland announced new projects at a time of major investment in Poland to support the energy transition.
The European Investment Bank (EIB) is using again its €5 billion initiative to support manufacturers of wind-energy equipment in Europe by extending a €500 million counter-guarantee to Germany-based Commerzbank AG.
EDP Renewables has started the construction of its first stand-alone battery energy storage (BESS) project in Europe.
The European Commission has approved a €2.6 billion Estonian scheme to support renewable offshore wind energy to foster the transition towards a net-zero economy.
The European Bank for Reconstruction and Development (EBRD) intends to support the design and implementation of future renewable energy auctions in Romania.
The European Commission has allocated €422 million to support 39 innovative projects aimed at expanding alternative fuel infrastructure across the EU.
Amazon Poland announced that the first of its four solar and wind projects, with a combined capacity of 140 MW, has begun generating electricity.
METLEN Energy & Metals S.A. Greece has secured €181 million in project financing from Piraeus Bank for the development of a large-scale solar power plant in Romania.
Simtel Team has completed a new solar energy project for MagiCAMP, an initiative of Asociatia Magic.
Most Romanian firms – 90% – have acted to reduce greenhouse gas emissions, in line with companies elsewhere in Europe, according to a European Investment Bank (EIB) Group survey.