Mobility | 21 March, 2024 at 8:00 AM
Renault to accelerate circular economy plan
Its objective is to support the automotive industry in the sustainable use of resources by harnessing the existing expertise of the Group.
Its objective is to support the automotive industry in the sustainable use of resources by harnessing the existing expertise of the Group.
EDP Renováveis (EDPR) unveiled a 202-megawatt (MW) solar energy park in central Portugal, marking its largest such facility in Europe.
Datacor Green Energy has built 13 photovoltaic plants for Aquabis, with a total investment of €3.0 million.
As global decarbonization influences ESG priorities, sustainable development strategies undergo significant shifts worldwide in 2024.
The effects of climate change and increased transparency in supply chains, diversity, equity or inclusion have led to changing customer and employee demands, investor caution.
Romgaz announced the intention to expand its renewable energy portfolio by acquiring photovoltaic parks and wind farms, each with a capacity ranging from 35 to 100 MW.
The European Parliament granted their approval for new EU regulations aimed at curbing emissions from a variety of vehicles.
Romania will launch its first auction of renewable energy projects under a contract-for-difference (CfD) scheme recently approved by the European Commission.
Automobile Manufacturers and Importers Association (APIA) announced that electric cars reported a 12.9% increase and a market share of 43.3%.
In total, it is estimated that over 560,000 seedlings will be planted with the help of partner associations and volunteers. The budget for this year amounts to €3.2 million.
H.Essers announced the construction of its first CO2-neutral warehouse spanning 10,000 mp at high Seveso standards for Agricover Distribution in Romania.
Recycling rates for paper and cardboard have been declining over the past five years, reaching an average of 81% in Europe in 2022.
Romania's Ministry of Environment, Water and Forests launched a program dedicated to installing photovoltaic panels for churches.
The company disclosed its proposal to shareholders to endorse a cap of €300 million for the issuance of green bonds.
The photovoltaic plants will have a total installed capacity of 1.15 MWp and are implemented in two locations of a renowned hypermarket in Romania, Baia Mare and Satu Mare.
Romanian businesses operating following national waste recycling legislation can receive up to €8.4 million to build a recycling plant.
EBRD and French asset manager Eiffel Investment Group supported solar energy development in Poland.
The company estimates that the project will be fully completed within six months.
The company Teiuș.Solar, part of the Danish group Eurowind Energy, announced the launch of the project Teiuș Photovoltaic Park.
Construction will start in the first part of 2024, with the aim for the wind farm to become operational by the end of 2025.
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.
