Nokian Tyres secured CO2 emission-free energy for its new tire factory in Romania through a contract with renewable energy provider Enery.
The Nokian Tyres factory in Oradea will build a photovoltaic park for its energy consumption and is inviting specialized firms to submit their bids by November 1, 2024.
Nokian Tyres hosted the Grand Opening of its passenger car tire factory in Oradea, Romania today.
The European Commission has approved, under EU State aid rules, a €99.5 million Romanian measure in favor of Nokian Tyres.
Nokian Tyres has signed a €150 million loan agreement with the European Investment Bank (EIB).
Nokian Tyres has joined the Polestar 0 project that aims to create a climate-neutral car by 2030.
Nokian Tyres has raised the SDG flag in support of the United Nations' Sustainable Development Goals.
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.
