Energy | 5 July, 2023 at 10:30 AM
Two villages in Cluj County to use only renewable energy
Cluj's Râşca and Mărişel villages will cover their electricity needs by using solar energy, announces the Cluj County Council.
Cluj's Râşca and Mărişel villages will cover their electricity needs by using solar energy, announces the Cluj County Council.
The banking sector in Romania has made notable progress in aligning its practices to evolving ESG standards and regulations aimed to support the EU's ambitious decarbonization targets, says Gyula Fatér, CEO of OTP Bank Romania. He talked to Green Forum about the role that ESG currently plays in the decision-making process at OTP Bank Romania.
TotalEnergies enters the Romanian energy market and buys five photovoltaic park projects from PNE. The parties involved in the transaction have agreed not to disclose the purchase price.
The Hunedoara County Council is purchasing electric minibusses for the county's students, an investment that amounts to about €6 million.
DIY company Brick Romania started a project last year to implement green energy solutions for its work units. The Brick store in Constanța benefited from an investment of RON1 million (€200,000) in photovoltaic panels, which provide approximately 35% of the energy requirement.
iHunt Technology Import Export, a manufacturer of mobile phones and gadgets, has launched a new product from the green energy range, a photovoltaic panel. It was made in collaboration with the Luxen company, a manufacturer of lighting sources.
ROCA Industry, the first Romanian holding company of construction materials companies, part of the ROCA Investments portfolio, announces the launch of the first Sustainability Report, anticipating the European Directive applicable starting from the financial year 2024, regarding corporate sustainability reporting (CSRD).
The European Commission announced 18 new projects which will receive over €106 million to contribute to the EU Mission ”Restore our Ocean and Waters”.
Hidroelectrica, an energy producer owned by the Romanian state, is preparing for listing on the Bucharest Stock Exchange (BVB). Fondul Proprietatea, the minority shareholder, is selling 17% of the holding (almost 20%), i.e. 78 million shares.
The City Hall of the Capital wants to buy 250 new non-polluting trams. The investment amounts to over €836 million.
Simtel Team completed the largest photovoltaic project built in Romania in a logistics park for CTP Romania.
By 2060, global rivers, seas, and oceans could be polluted with 44 million tonnes of plastic, double the current level, estimates a recent report by The Organization for Economic Cooperation and Development (OECD). Plastic is among the packaging most often used by Romanians, but its recycling rate in Romania is only 30.05%, according to the data analyzed by Clean Recycle.
Cluj County Council buys electric minibusses for students from 34 Cluj municipalities, from European funds. The aim is thus to improve transport conditions for students, especially for those from isolated areas with a low population.
OMV Petrom, the largest integrated energy company in Southeast Europe, signed an agreement for the purchase of several projects for the construction of photovoltaic parks in Teleorman County.
ALRO SA, one of Europe's largest vertically integrated aluminum producers, measured by production capacity, inaugurated an $11 million investment in technology and environment protection at its Eco Recycling Facility in Slatina.
Coca-Cola HBC Romania is the first local company, in the FMCG industry to produce a sustainability report to international standards and among the first local companies to publicly present such a report, says Alice Nichita, Corporate Affairs & Sustainability Director at Coca-Cola HBC Romania. She talked to Green Forum about the company's ESG strategy and the company's current sustainability targets and the social initiatives that the company and its employees are involved in.
Romania has a new ecotourism destination: Vama Buzăului, a locality located at the foot of the Ciucaș Mountains, which has just obtained the recognition of the Ministry of Economy, Entrepreneurship and Tourism (MEAT).
The construction sector has a central role in achieving the climate and energy objectives set by the EU EPBD Directive and approved by the European Parliament in March this year, with deadlines for 2030 and 2050 respectively. According to the Association for the Promotion of Energy Efficiency in Buildings (ROENEF), the construction sector represents approximately 8.2% of the EU GDP, respectively 10% of total employment.
Vascar, one of the main producers of meat preparations and preserves in Romania, installed a system of photovoltaic panels worth RON3 million (€600,000) close to the production unit in Vaslui. The project consists of 1,400 panels, on an area of 12,000 sqm, with an installed power of 770 kWp, the company says in a press release.
Eurohold Bulgaria has commissioned the 123 MW Verila solar park located in Dupnitsa in southwest Bulgaria, according to Enerdata. Eurohold is the group that owns the bankrupt Euroins Romania insurance company. The photovoltaic power plant is currently the largest in Bulgaria.
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.
