Finance | 13 May, 2025 at 10:00 AM
EBRD lends €50 million to Garanti BBVA for green loans
The European Bank for Reconstruction and Development (EBRD) will lend €50 million to Romanian bank Garanti BBVA to strengthen its funding base.
The European Bank for Reconstruction and Development (EBRD) will lend €50 million to Romanian bank Garanti BBVA to strengthen its funding base.
Green credit exposure is below 3% of total loans, and companies are not sufficiently motivated to access green credit.
BRD has strengthened its involvement in financing the transition to sustainability with the total volume of new sustainable financing reaching over RON 1.2 billion (€240 million) in the first half of 2023, says Flavia Popa, Secretary General, BRD Groupe Société Générale. She talked to the Green Forum about the target regarding the reduction of water and energy consumption in the BRD offices and also about the social projects that the bank supports.
In 2022, the total amount allocated to sustainable lending by Raiffeisen Bank amounted to €500.5 million.
Poland has announced that its first offshore wind auction will take place in December 2025, aiming to award contracts for up to 4 GW of new capacity. I
EDP, through EDP Renewables, a global leader in the development of renewable energy, has inaugurated the Albina photovoltaic power plant – an important step for the company.
Auchan Romania is expanding its options for collecting beverage containers made of PET, aluminum, and glass marked with the DRS (Deposit Return System) symbol by introducing an innovative system uniquely capable of accepting all three types of packaging in bulk, without requiring prior separation by the consumer.
The European Commission has adopted a new European Ocean Pact, a bold initiative aimed at protecting marine ecosystems while fostering a sustainable blue economy and supporting the well-being of coastal communities.
Cristian Barbu, a pioneer in Romania's renewable energy sector, is returning with a new focus: energy storage.
