European non-reimbursable funding for the energy sector has exceeded €14 billion, with €5.5 billion allocated to green energy production and €1.5 billion earmarked for the transport and distribution of electricity.
Nofar Energy has acquired 100% of the shares in Aviv Renewable Investment. This project company is currently developing a 160 MW photovoltaic park in Giurgiu County.
Romania's Energy Minister Sebastian Burduja signed three financing contracts under the Modernization Fund for projects focused on developing renewable energy production capacities for self-consumption.
The Turkish company Smart Solar Technologies will build a factory in Bulgaria for the production of solar cells and panels.
Chimcomplex Borzesti, a prominent Romanian chemical producer, is set to establish a large-scale industrial hub known as the Iasi Biochemistry Plant.
In the first part of this year, UniCredit set sustainability targets to further reduce both its direct environmental impact and the exposure of its loan portfolio to controversial sectors.
DRI, a subsidiary of the DTEK Group that develops renewable energy projects in the EU, is building a new 60MW solar park in Glodeni, Mureș County.
NEPI Rockcastle will invest about €100 million in greenfield photovoltaic projects in several areas in Romania to expand its green energy generation capacity.
EBRD and Raiffeisen Bank International are jointly providing€110 million to finance the construction and operation of two solar photovoltaic power plants.
Solar power generation is increasing more rapidly in Central and Eastern Europe than in any other region on the continent, outpacing the growth seen in wealthier and sunnier areas.
BRD Groupe Société Générale has entered into a new partnership agreement with the European Investment Fund (EIF) to guarantee loans that finance sustainable projects.
This deal will support Nala Renewables' €214 million acquisition and development of a 99.2 MW onshore wind project in eastern Romania.
In the first quarter of 2024, the EU economy's greenhouse gas emissions were estimated at 894 million tonnes of CO2-equivalents.
In 2022, hard coal for the first time was overtaken by solar energy in electricity generation in the EU.
A new photovoltaic park is set to be constructed at Iași Airport, Romania, spanning five hectares.
Wind and solar power have reached a share of 30% of European Union (EU) electricity generation, overtaking fossil fuels for the first time.
Hidroelectrica Group experienced a decline in operational and financial performance during the first half of 2024 compared to the same period in 2023.
PROMELEK XXI recorded a turnover of €1.66 million from the installation of turnkey photovoltaic systems in the first six months of the year.
EBRD will provide a €25.1 million loan to Elektroprivreda Bosne i Hercegovine (EPBiH) to develop and construct a 50 MWp solar power plant on a former coal ash landfill site.
The German group E.ON invested €2.9 billion in the energy transition during the first half of this year, an increase of over 20% or €500 million compared to the previous year.
Solar power has rapidly risen to become Hungary's second-largest source of electricity, overtaking gas for the first time in 2024.
Poland has moved up 49 places in the Climate Risk Index 2025, underscoring the increasing impact of climate change on the real estate sector. Heatwaves, heavy rainfall, droughts and floods are becoming a regular challenge for property owners and investors, according to Cushman & Wakefield.
European companies are facing widespread challenges as they attempt to comply with the EU's new sustainability reporting standards, according to recent findings from the European Financial Reporting Advisory Group (EFRAG).
Hidroelectrica has selected Waldevar Energy to implement the Nufărul Project, a pioneering renewable energy initiative set to become the largest floating photovoltaic (FPV) system installed on a hydroelectric dam in Europe.
Improving energy efficiency in buildings plays a key role in building a sustainable future. It leads to lower costs, a healthier indoor environment, and a smaller environmental footprint. According to România Eficientă, efficient energy use is not about sacrificing comfort but about eliminating waste.
