Tag: Romania (760 articles)

Energy   |   10 March, 2023 at 2:48 PM

Romania allocates €400 million for Photovoltaic Green House Program

This year's Environmental Fund Administration (AFM) has a budget of over RON13.3 billion (€2.66 billion). The Casa Verde Photovoltaic program has a budget of RON2 billion (€400 million), double that of the previous session. Also, a budget of over RON1.5 billion (€300 million) is allocated for the three Rabla programs, through which the Ministry of the Environment aims to eliminate over 200,000 old cars this year.

Energy   |   10 March, 2023 at 10:27 AM

R.Power to develop portfolio of 1 GWp photovoltaic projects in Romania

The Polish company R.Power Group is developing a project portfolio of over 1 GWp in Romania. The company plans to expand its share of this market in the coming months and sign more contracts for photovoltaic projects. It is estimated that the construction of the first projects will begin next year.

Industry   |   9 March, 2023 at 2:44 PM

€159 million for the development of water and wastewater infrastructure in Iasi

€159 million to be invested in the development of water and wastewater infrastructure in Iasi. The amount is financed by the EU Cohesion Policy funds within the 2014-2020 programming period. The effort is part of a vaster plan to improve water and wastewater infrastructure across Romania and in Iași County, it is complementary to the project completed in the 2007-2013 program period.

Industry   |   9 March, 2023 at 12:07 PM

Town in Buzau County receives €10,000 fine for pollution

The Smeeni town hall in Buzău county was fined RON50,000 (€10,000) by the commissioners of the Environmental Guard, due to the randomly thrown waste. The same situation had been found at the last inspection, the remedial measures not having been carried out.

Energy   |   9 March, 2023 at 8:46 AM

Rombat invests in green energy storage

The Rombat company from Bistrita discussed with the Prime Minister of Romania, Nicolae Ciuca, the investment plans and intends to develop the production capacity of batteries based on Lithium-Ion technology. The company's plans include storage media for green energy. The company annually recycles 24,000 tons of used batteries.

Industry   |   8 March, 2023 at 2:36 PM

Europe is looking for the magic solution to decarbonise

Europe is looking for the magic solution for decarbonization, simultaneously with ensuring energy security, although the year started with a strong feeling of optimism for the energy sector at the global level, says Radu Puiu, Financial Analyst at the brokerage house on international exchanges XTB Romania. Amid recent negative factors, many countries have had to resort to fossil fuels and delay the transition to green energy.

Mobility   |   8 March, 2023 at 12:11 PM

Turkish company to build Cluj-Napoca's first metro line

An association of companies from Turkey is the winner of the tender for the realization of Metro Line 1, which will cost €1.8 billion. One of the construction companies executed metro works in Dubai, but also in Poland and Sweden. The metro line is 21.03 km long, with 19 underground stations and 1 above-ground depot.

Industry   |   7 March, 2023 at 5:24 PM

700 companies from Romania recycle 30,000 tons of waste

In the last three months of last year, over 29,000 tons of carbon dioxide emissions were reduced in Romania, through the packaging recycling activity generated by approximately 700 companies, according to Clean Recycle data. In 2021, Romania recorded a quantity of 79 million tons of carbon emissions from all industries, increasing by 5 million tons compared to 2020.

Mobility   |   7 March, 2023 at 11:06 AM

Autonom orders 200 electric cars worth €10 million

Autonom orders 200 electric cars worth €10 million and is speeding up the fleet electrification process. Last fall, Autonom received €15 million in financing from the European Investment Bank for the expansion of the fleet of electric and hybrid cars.

Energy   |   7 March, 2023 at 8:42 AM

AE SOLAR to produce solar panels in Romania

AE SOLAR is to produce solar panels in Romania, through an investment of €1 billion in a factory, informs the Romanian Government. This would be one of the largest investments announced in recent years in Romania. In the final phase, the project will have a capacity that will reach 10 GW.

Energy   |   3 March, 2023 at 3:50 PM

EDP to invest €21 billion in renewable energy

The EDP Group will invest €25 billion by 2026, of which €21 billion are focused on new renewable sources. EDP makes its repeated commitment to stop using coal by 2025, and to generate 100% from renewable sources by 2030.

Energy   |   3 March, 2023 at 10:28 AM

Romania to develop projects using geothermal energy

The Romanian Minister of Energy, Virgil Popescu, says that in the near future, we need to increase the sources of renewable energy production, and geothermal energy is a new source that he will carefully study and develop. The minister also said that we must invest in all energy sources with low carbon emissions.

Energy   |   3 March, 2023 at 7:37 AM

Prebet Aiud to build a photovoltaic park

Prebet Aiud will build some production halls, for which it signed a contract of over €1 million. A photovoltaic park will be developed above these halls, considering that the company wants to become energy independent.

Industry   |   2 March, 2023 at 4:36 PM

OMV Petrom allocates €3 million for planting saplings

OMV Petrom continues the "Romania plants for tomorrow" project and announces that is supporting this year's plantings with €3 million. Over 330,000 saplings will be planted in mini-urban forests in 20 cities, including Bucharest, Constanța, Giurgiu and Craiova. "Romania plants for tomorrow" is the largest planting initiative financed by private funds in Romania.

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Sustainability moves from ambition to action

Conducted in autumn 2025, the RICS Sustainable Real Estate Survey Europe gathered 112 responses from valuers, developers, investors and other professionals across 30 countries. The findings confirm that ESG has moved from a peripheral concern to a core driver of real estate value, risk and decision-making across Europe.

Finance

ProCredit Bank Romania launches CO2 calculator for SMEs

ProCredit Bank Romania has launched a CO2 Emissions Calculator to help microenterprises and small and medium-sized enterprises quantify and understand their carbon footprint. This initiative reflects the Procredit Group's commitment to achieve net-zero emissions by 2050, with client engagement at the core of its Climate Action Strategy.

Energy

DSV boosts energy self-sufficiency with solar power

DSV – Global Transport and Logistics, the world's largest logistics operator, has launched a solar installation at its warehouse in Łozienica, Poland, in partnership with commercial real estate investor Accolade. The installation will meet the energy needs of Poland's first multi-client warehouse equipped with an AutoStore system.

Energy

Etem Gestamp signs cross-border wind power deal with Rezolv

Etem Gestamp, the Sofia-based joint venture between Viohalco Group and Spain's Gestamp Group focused on aluminium extrusion and processing for the automotive industry, and Rezolv Energy, the Actis-backed independent power producer, have signed a 10-year virtual power purchase agreement (VPPA) in Bulgaria. The VPPA will see Etem Gestamp buy electricity from Rezolv Energy's 461MW 'Vifor' wind farm, which is about to come onstream in Buzău County, Romania. It is the first cross-border wind PPA that has been publicly announced in Bulgaria.