Business | 25 March, 2025 at 12:30 PM
Romania emerges as a key destination for green investment
Romania is increasingly positioning itself as a promising destination for green investments, with several sectors showing strong potential.
Romania is increasingly positioning itself as a promising destination for green investments, with several sectors showing strong potential.
Romanian tech and engineering firm Simtel Team has signed a ten-year Power Purchase Agreement (PPA) to supply approximately 736 GWh of green electricity to its subsidiary, energy supplier GES Furnizare.
Hidroelectrica has completed maintenance on hydroaggregate no. 1 (HA1) at the Porțile de Fier I Hydroelectric Power Plant.
With electricity prices set to surge from July 1, Romanians are scrambling for solutions to avoid skyrocketing bills.
OMV Petrom has officially started construction on a new facility for producing sustainable aviation fuel (SAF) and renewable diesel (HVO) at the Petrobrazi refinery.
The European Investment Bank (EIB) will advise the Romanian municipality of Ploiești on green transport projects as part of a Europe-wide push to make urban life healthier for people and the environment.
Tupras, Turkey's largest industrial group, has entered the Romanian market by acquiring a 214.26 MW photovoltaic plant from British company Econergy International for an updated total price of €33.2 million.
Polish renewable energy developer R.Power has signed its first power purchase agreement (PPA) in Romania with an undisclosed energy trading company.
The European Investment Bank (EIB) will provide up to €30 million to co-finance one of Romania's largest onshore wind projects, Pestera II, located near Constanta on the Black Sea coast.
Visual Fan, through its renewable energy division Renewable EPC by Allview, has secured a contract to design and build a photovoltaic park of over 5 MW in Reșița, Caraș-Severin County.
Greenvolt Next entered the local market in the last quarter of 2023, supporting Romanian companies with innovative solutions for generating and consuming electricity through customized photovoltaic systems (rooftop, ground-mounted, carports), energy efficiency interventions, solar storage, and electric mobility.
OMV Petrom, the leading integrated energy producer in Southeast Europe, will supply Cluj International Airport Avram Iancu with Sustainable Aviation Fuel (SAF) starting in 2025.
RenewAcad, a certified renewable energy training center operated by Wind Power Energy, launched a new project on March 5 in Petrila.
Eurowind Energy, a Danish company specializing in the development and operation of wind, solar, and hybrid projects, has announced plans to develop a significant wind energy project in Botoșani County.
The Romanian company Parapet, operating across multiple European countries in the photovoltaic sector, will expand its international presence with a new branch in Bergamo, Italy.
IFC, a member of the World Bank Group, and the Asian Infrastructure Investment Bank (AIIB) are investing €200 million in senior unsecured bonds to support infrastructure development in Europe.
In 2024, the Hidroelectrica Group experienced a decline in both operational and financial performance compared to the previous year, largely due to unfavorable hydrological conditions.
The Omnibus proposal significantly reduces the number of Romanian companies required to report ESG performance from over 6,000 to just 300, representing a 95% decrease.
OMV Petrom announced the commencement of construction for a production unit dedicated to sustainable aviation fuel (SAF) and renewable diesel (HVO) at the Petrobrazi refinery.
DN AGRAR Group is set to invest €3.4 million in a new compost plant and the installation of solar panels on the rooftops of buildings at three of its farms.
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.
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.
The Annual Water Report, based on over 13.5 billion liters of monitored water usage across 5,370 properties in 36 countries, reveals that 67% of properties experience water leakage yearly. With rising water scarcity, increasing tariffs, aging infrastructure, and stricter regulations, property owners are under growing pressure to better understand their water consumption.
Romanian developer Iulius has launched Europe's largest private bioremediation project, investing €29 million to clean 38 hectares of contaminated land in downtown Constanța. The project will transform the former Oil Terminal platform into an integrated urban regeneration complex worth over €800 million.
The European Union is at risk of missing a key United Nations deadline for submitting updated climate targets, as internal disagreements among member states delay a final decision on emissions goals for 2040.
