Banca Transilvania provides €10 million in green funding for Quartier Azuga

Green Forum
Banca Transilvania financed the company STC Partners with  €10 million for the expansion of the Quartier Azuga residential complex in Bucharest's Tei area by more than 100 homes. The first phase of the project was also backed by BT with €6million in January this year. 

The standards offered by Quartier Azuga are based on modern living conditions and environmental responsibility, resulting in higher living standards, significant utility cost savings, and a reduced carbon footprint. 

"Banca Transilvania supports high-quality green real estate projects such as Quartier Azuga. Our additional investment in the development of this new green residential community underlines our confidence in the quality of the project and its contribution to Bucharest's landscape and quality of life," sayid Cosmin Călin, Executive Director of Large Corporate, Banca Transilvania.

Since 2007, Banca Transilvania has been the first bank in Romania to provide energy-efficiency financing in the residential sector.    

RECOMMENDED
RECOMMENDED FROM THE HOME PAGE
Energy

Solar module makers show first financial stability in over a year

The newly published Edition 2 2026 of the PV Module Manufacturer Ranking Report shows the first signs of stabilisation in the solar manufacturing sector's balance sheets after more than a year of steady deterioration. The table tracks the Altman Z-Score, a widely used measure of bankruptcy risk, for 64 publicly listed photovoltaic module manufacturers, and has now been refreshed with first-quarter 2026 data.

Energy

Romanian floating solar pioneer partners with university

The Faculty of Hydrotechnics from the Technical University of Civil Engineering Bucharest and Waldevar Floating PV have signed a strategic partnership to accelerate innovation in renewable energy and prepare the next generation of specialists in floating photovoltaic technologies.

Energy

Rezolv Energy launches Bulgaria's St. George solar park

Rezolv Energy has commissioned the St. George solar park in Silistra, Bulgaria, marking the company's first project to become operational. The 225 MW facility reached full operational status in under three years from acquisition of development rights.