Finance | 25 April, 2025 at 4:00 PM
EIB funds PGE's renewable energy expansion
European Investment Bank and PGE Polska Grupa Energetyczna seal new financing agreement worth over €525 million.
European Investment Bank and PGE Polska Grupa Energetyczna seal new financing agreement worth over €525 million.
European Investment Bank and Polish railway infrastructure manager PKP Polskie Linie Kolejowe S.A. sign new loan agreement to advance sustainable transport.
The Lille Metropolitan area (Métropole européenne de Lille) has been awarded a green loan of €245 million by the European Investment Bank (EIB) to fund its public transport network and cycling paths.
Nokian Tyres has signed a €150 million loan agreement with the European Investment Bank (EIB).
The European Commission has launched the Climate City Capital Hub, a finance resource to support cities participating in the EU Mission on Climate-Neutral and Smart Cities.
The real estate, renewable energy, and transportation sectors are frontrunners for sustainable practices, alongside the public sector which should play an important role.
Romanians believe that climate change can only be managed if inequalities are simultaneously eliminated.
A new study finds an estimated investment gap of €6.7-8.6 billion must be closed to achieve Europe's pledged goal of placing on the EU market each year 10 million tonnes (Mt) of plastic recyclates in final products by 2025. Plastic packaging is the biggest contributor to the plastic waste problem and 25 companies are responsible for half of the world's plastic production.
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.
