Energy | 16 February, 2024 at 10:00 AM
OMV Petrom plans to accelerate investments in renewable energy in 2024
This highlights a significant shift in the company's strategy, moving towards clean and sustainable energy sources.
This highlights a significant shift in the company's strategy, moving towards clean and sustainable energy sources.
Wizz Air has reported that its average carbon emissions for 2023 reached 51.5 grams per passenger/kilometre, 6.8% less than in 2022.
OMV Petrom, a Romanian oil and gas producer, has signed the contract for the acquisition of 50% of the shares of the Romanian company "Respiră Verde" SRL, a company that collects used cooking oil.
To reach the EU's climate goals, emission reduction efforts will need to be complemented by measures to remove carbon from the atmosphere, announced the European Parliament.
The national electricity carrier Transelectrica is preparing an underground electricity transmission project with low carbon emissions.
The Ministry of Energy has launched the "National Hydrogen Strategy" project into debate.
Sonae Sierra announced that it is improving its ESG practices with international recognition.
Communication agency Rogalski Damaschin has launched the new Heidelberg Materials brand identity with the "Materials for the Future" campaign, which supports the company's commitment to people and nature.
MEPs back new rules to reduce road transport emissions.
Vantage Towers, a leading European infrastructure operator, is currently exploring the possibility of implementing in Romania some of its sustainable initiatives, based on green energy, that are tested in the present in some other European markets.
Ursus Breweries, the largest beer producer in Romania, has made an investment of €2 million in an installation that uses energy efficiency technologies for the recovery of thermal energy from burnt gases, at the brewery in Buzău.
Digital and electrical solutions can reduce carbon emissions from office buildings by up to 70%.
Wizz Air has reduced its carbon emission intensity by another 11%. The airline has published its annual sustainability update, showing progress towards its sustainability goals.
Massive changes in sustainable development foresee the beginning of a new era in history: the Decarbonisation Era, according to BuildGreen, an ESG and sustainability consultancy company in Central and Eastern Europe.
Aquila's total carbon footprint decreased by 6.5%, amounting to 36,837 metric tons of CO2 equivalent (tCO2e), on location-based calculation, according to the sustainability report.
The President of Romania, Klaus Iohanis, has promulgated the Law on the integration of hydrogen from renewable sources and with low carbon emissions in the industry and transport sectors.
The Ariston Group, which operates in the field of sustainable thermal comfort, has presented its vision and ESG objectives for 2030 within the "Road to 100", a strategic plan that attests to the group's commitment to sustainability.
The Bosch Power Tools division is taking a big step forward with regard to its sustainability goals. Thus, starting in the autumn of 2023, 23 new and improved measuring instruments will be available, together with the related accessories and packaging, all presenting a new concept of sustainability and being produced with as much recycled material as possible.
Wizz Air has announced that it is investing £5 million in biofuels company Firefly, Wizz Air's first capital investment in sustainable aviation fuel research and development. Over 57 million tonnes of sewage sludge are produced in the UK each year, with the potential to produce 250,000 tonnes of sustainable SAF fuel.
EU countries on Tuesday gave the final approval to the biggest revamp to date of Europe's carbon market, which is set to make it more costly to pollute and sharpen the 27-member bloc's main tool for cutting carbon dioxide emissions. The world's first major carbon trading system has since 2005 forced power plants and factories to buy permits when they emit CO2 and has cut emissions from those sectors by 43%.
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.
