Real estate | 23 February, 2023 at 1:42 PM
GTC Hungary switches to 100% clean energy
In a comprehensive modernization effort, real estate developer GTC switches to 100% green energy; reducing its domestic energy consumption by 20%.
In a comprehensive modernization effort, real estate developer GTC switches to 100% green energy; reducing its domestic energy consumption by 20%.
The largest photovoltaic park in Europe is being built in Arad, Romania. The investment amounts to €800 million and will start this summer, in the Pilu - Grăniceri area. The land on which the photovoltaic park will be built has an area of 1,064 hectares.
The funds, provided by RGREEN INVEST's short-term senior debt fund INFRABRIDGE III, will be used to support the construction of 14 fully merchant solar PV projects that amount to a total capacity of 76 MWp.
The Romanian company OMV Petrom, controlled by the OMV Group from Austria, plans to install photovoltaic panels in half of the gas station network by 2025.
The National Energy Regulatory Authority (ANRE) approved the establishment of new photovoltaic power plants with a cumulative power of 95 MW.
Property developer Speedwell says it will be installing photovoltaic panels on two of its office projects in Bucharest and Cluj-Napoca in a bid to make its building more sustainable.
The energy supplier and distributor Electrica has completed the acquisition of the project company Green Energy Consultancy & Investments, which is developing the Vulturu photovoltaic project, Vrancea county, with an installed capacity of 9,75 MW (evacuating power in the network).
As the European Union has proposed the move towards zero-emission buildings by 2030, a significant portion of the energy consumption of these projects should be covered by energy from renewable sources.
Serbian conglomerate MK Group and Slovenian investment fund Alfi Green Energy are investing €155 million in the Krivaca wind farm, in eastern Serbia.
The President of the Hungarian Energy and Public Utility Regulatory Authority (MEKH) has issued a decree extending the deadline for the implementation of power plants under preparation to receive renewable energy production subsidies.
Auchan Romania has a long-term ambition to reduce direct emissions by 46% by 2030 and to use only renewable energy by the same year.
Colliers has successfully supported Invesco Real Estate in negotiating and signing four Corporate Power Purchase Agreements (cPPAs) with Polenergia Sprzedaż, a leading player in the Polish renewable energy sector.
The European Bank for Reconstruction and Development (EBRD) will support the growth of electric vehicle (EV) infrastructure in the Baltic region with a €60 million loan to Ignitis Group, a leading energy company in the Baltics.
The facility, under construction in central Bulgaria, is being developed by Chint Green Energy, a subsidiary of Chint Group, which also owns the solar panel manufacturer Astronergy.
EU Member States have significantly closed the gap to achieving the 2030 energy and climate targets.
