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.
Romania will launch its first auction of renewable energy projects under a contract-for-difference (CfD) scheme recently approved by the European Commission.
Romania's Ministry of Environment, Water and Forests launched a program dedicated to installing photovoltaic panels for churches.
Romania's Ministry of Energy launched an informative map displaying electric car charging points.
The investment is worth nearly €7.04 million of which approximately €1.5 million are non-reimbursable funds from the National Recovery and Resilience Plan (PNRR).
The company disclosed its proposal to shareholders to endorse a cap of €300 million for the issuance of green bonds.
The European Commission has approved Romania's allocation of a €3 billion aid scheme to support installations producing onshore wind and photovoltaic solar energy.
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.
The EU is making significant strides toward achieving its wind energy target for 2030, largely attributed to improvements in permitting processes and increased investments.
The company estimates that the project will be fully completed within six months.
The European Union announced that it cannot afford to restrict the import of photovoltaic panels despite challenges faced by European producers in the industry.
This initiative aims to enhance accessibility to top-tier logistics infrastructure in both nations while contributing to Europe's transition towards sustainability.
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 construction of a photovoltaic park in Brodoc is envisioned, covering an area of 30 hectares, with an expected annual output of approximately 2,357 MW/h.
Sweden led the way when it came to renewables in heating and cooling, with a 69.3% share, followed by Estonia (65.4%).
Skanska introduced its ESG+ office package, responding to evolving market dynamics and EU regulations.
Romania's "Photovoltaic Green House" program is to have a budget of €402 million in 2024.
Romania had 110,355 prosumers by the end of 2023, with an installed capacity of 1,442 MW.
Microsoft has achieved its goal of matching 100% of its annual global electricity consumption with renewable energy, reaching the milestone five years ahead of its 2025 target. The achievement supports the company's commitment to become carbon negative by 2030.
The recent weakening of the CSRD may have some real estate developers cheering the compliance rollbacks, but the consequences could be complicated. A new research survey examines how EU real estate firms are navigating changes to the CSRD, and what that could mean for upcoming SFDR revisions.
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.
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).
