Industry | 19 September, 2024 at 9:32 PM
Nokian Tyres opens the world's first fully zero CO2 emission tire factory
Nokian Tyres hosted the Grand Opening of its passenger car tire factory in Oradea, Romania today.
Nokian Tyres hosted the Grand Opening of its passenger car tire factory in Oradea, Romania today.
The European Commission has approved a €2.7 billion Austrian scheme to support companies active in the industrial sector to decarbonise their production processes.
New car sales in the European Union dropped by 18.3% last month, with major markets like Germany, France, and Italy experiencing double-digit declines in EV sales.
EIB and BNZ have signed a €166 million loan to support the deployment of 17 solar photovoltaic plants across Spain, Italy, and Portugal.
The new IEA report offers a first-of-its-kind global stocktake of efforts to integrate variable renewables across 50 power systems, identifying best practices and key challenges.
In the context of the floods that have impacted Romania, the Raiffeisen Bank team has extended its support to civil society.
EBRD announced that is considering a €90 million sovereign loan to support the construction of a large solar-thermal plant in Novi Sad, Serbia's second-largest city.
Simtel, together with PRIME Batteries Technology, announced the signing of a partnership for the development of advanced renewable energy technologies.
Electric cars (BEV) will reach 20-24% market share in 2025, according to Transport & Environment (T&E) modeling based on sales in the first half of this year and sales forecasts.
The Romanian Competition Council announced its analysis of the deal through which Greece's Public Power Corporation (PPC) plans to acquire the operators of the Fântânele-Cogealac wind farm.
Photon Energy has connected a new 7.5 MWp solar photovoltaic (PV) power plant to the grid in Romania, marking its twelfth operational plant in the country.
Eurowind Energy signed a Shares Purchase Agreement in August for the acquisition of different projects totaling 11 PV projects of 5MW AC each.
Electrica has completed the acquisition of Foton Power Energy SRL from Emanuel Muntmark and Cătălin Mrejeru.
The European Commission has approved a €682 million Belgian scheme to support renewable offshore wind energy to foster the transition towards a net-zero economy.
The Society for the Administration of Energy Participations (SAPE SA) has received funding from the National Recovery and Resilience Plan (PNRR) for its energy storage project using green hydrogen.
Bulgarian investment fund Sofia Angels Ventures (SAV) participated in a €3 million funding round for UK-based, Romanian-founded energy tech startup Ogre AI.
The European Commission has published the State of the Energy Union Report 2024 which describes how the EU has managed unprecedented challenges in the energy policy landscape during this Commission's mandate.
With support from the EBRD, Romania has introduced a Contract for Difference (CfD) mechanism this week aimed at developing renewable energy infrastructure.
The European Investment Bank (EIB) will finance the construction of a new wind farm in Lower Austria with an initial loan of €20.1 million to WEB Windenergie AG (W.E.B).
EBRD will provide a loan of €55 million to Turkey's Borusan EnBW Enerji to finance the development and construction of 116 MW of onshore wind-energy capacity.
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).
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.
Global law firm Dentons has advised OX2 on acquiring three wind power projects totaling 235 MW in Romania from Future Power. The projects, located in Vaslui and Vrancea counties, are expected to be commissioned between 2028 and 2030, subject to permitting.
Romania is emerging as a key destination for Turkish renewable energy investments, attracting growing interest from industrial and financial groups. Real grid connection opportunities for projects, infrastructure modernisation potential, and investment framework stability make Romania strategic for Turkish capital as Europe accelerates its transition to sustainable sources and energy independence.
