Energy | 19 March, 2025 at 8:00 PM
Romanians rush to solar amid price hike fears
With electricity prices set to surge from July 1, Romanians are scrambling for solutions to avoid skyrocketing bills.
With electricity prices set to surge from July 1, Romanians are scrambling for solutions to avoid skyrocketing bills.
In 2024, 47.4% of net electricity generated in the EU came from renewable energy sources, up by 2.6 percentage points (pp) compared with 2023.
The European Investment Bank (EIB) Group's new financing in Croatia has reached a record level of €1.24 billion last year, with major support aimed at greening transport, cities and businesses.
The European Commission has approved a €960 million Czech scheme to support investments in strategic sectors to foster the transition to a net-zero economy.
PPC Group will strengthen its presence in the Bulgarian energy market with the construction of a new 165 MW photovoltaic plant equipped with a battery storage system.
Faerch, a global leader in sustainable food packaging solutions, is proud to announce the signing of a new 10-year power purchase agreement (PPA) with Eurowind Energy – Faerch's first ever wind PPA.
Photon Energy has expanded its solar portfolio in Hungary by commissioning three new solar parks operating under a merchant model.
OMV Petrom has officially started construction on a new facility for producing sustainable aviation fuel (SAF) and renewable diesel (HVO) at the Petrobrazi refinery.
The European Investment Bank (EIB) will advise the Romanian municipality of Ploiești on green transport projects as part of a Europe-wide push to make urban life healthier for people and the environment.
Tupras, Turkey's largest industrial group, has entered the Romanian market by acquiring a 214.26 MW photovoltaic plant from British company Econergy International for an updated total price of €33.2 million.
Polish renewable energy developer R.Power has signed its first power purchase agreement (PPA) in Romania with an undisclosed energy trading company.
Harmony Energy, a UK-based developer and operator of renewable energy projects, has completed the sale of a 200-MW/400-MWh battery storage project in Poland to EDF Renewables Polska.
The European Investment Bank (EIB) Group's financing in Poland rose 10% on the year in 2024, reaching €5.7 billion and helping accelerate modern development of cities and regions, as well as energy transition.
The European Investment Bank (EIB) will provide up to €30 million to co-finance one of Romania's largest onshore wind projects, Pestera II, located near Constanta on the Black Sea coast.
Visual Fan, through its renewable energy division Renewable EPC by Allview, has secured a contract to design and build a photovoltaic park of over 5 MW in Reșița, Caraș-Severin County.
By 2027, the PPC Group plans to invest over 10 billion euros, focusing primarily on green energy, network modernization, and technological innovation.
EDP Energia Polska has signed an agreement with Cemex Polska to install and operate photovoltaic (PV) systems with a total capacity of 14 MWp across eight of Cemex's plants in Poland.
Photon Energy N.V. has signed a contract with Greenvolt Power and part of Greenvolt Group, to provide asset management for the Client's Királyegyháza solar PV power plant.
Holcim Romania has made an investment of over €700,000 in the Stăncești aggregates plant.
The European Commission has approved, under EU State aid rules, a €400 million Austrian State aid scheme, and a €36 million Lithuanian State aid scheme, to support the production of renewable hydrogen through the European Hydrogen Bank's “Auctions-as-a-Service” tool for the auction closing in 2025.
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).
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.
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.
The European Ombudsman has formally questioned the European Commission's handling of recent proposals aimed at scaling back corporate sustainability requirements, raising concerns over transparency and procedural compliance.
