Business | 18 June, 2024 at 7:00 AM
OMV Petrom to invest €2 billion by 2030 in Petrobrazi refinery
The refinery currently supplies around 30% of Romania's fuel needs and will continue to play a key role in the transport sector.
The refinery currently supplies around 30% of Romania's fuel needs and will continue to play a key role in the transport sector.
Romanian brewing companies have invested in advanced wastewater treatment plants to treat and reuse water and reduce the pollution load on local water bodies.
EBRD will invest €15 million in Eldrive Holding GmbH (Eldrive), a leading regional charging point operator in Bulgaria, Lithuania, and Romania.
IFC provided long-term debt financing for the 461-megawatt (MW) Vifor Wind Power Plant, to boost the supply of competitively priced renewable energy in Romania.
This campaign reflects their commitment to achieving climate neutrality across their entire business by 2040.
The project is located in Buzău County and the first phase, which will last until 2025, will see the installation of 30 Vestas wind turbines.
EBRD will lend €32 million, as part of a €291 million financing package, to build and operate a 192 MW onshore wind farm in Romania.
In 2023, the equivalent of 1.7 million more European homes became solar battery-powered.
EBRD is financing the first private energy deal led by a foreign investor to add renewable generation capacity in Ukraine since February 2022.
The European Commission announced that it would apply additional tariffs of up to 38.1% on imported Chinese electric vehicles from next month.
Eurowind Energy announced that it has obtained the construction permit for the Frumusița wind farm in Galati County.
Engie Romania, together with EFdeN, launched the Sustainable Prosumer Guide, a set of recommendations for becoming a sustainable prosumer.
OMV Petrom will invest approximately €750 million at Petrobrazi to transform the refinery into the first major producer of sustainable fuels in the region.
Visual Fan in association with Waldevar Energy, announced the signing of a contract with Rondocarton S.R.L. for the implementation of a 1 MWp Full EPC project.
Battery-electric buses reached 36% of new city bus sales in 2023 in the EU, overtaking diesel as the main bus fuel type for the first time.
Average CO2 emissions from all new cars registered in Europe in 2023 continued to decrease and were 1.4% lower than in 2022.
Nuclearelectrica and Korea Hydro & Nuclear Power (KHNP) announced the commencement of construction for Europe's first tritium removal facility at the Cernavoda Nuclear Power Plant.
Europe's air quality improved but EU standards are still not met across Europe, the European Environment Agency (EEA) analysis shows.
Energy Minister Sebastian Burduja has signed 14 financing contracts for photovoltaic panels for municipalities and public institutions.
North America has signifincatly outplaced Europe in attracting investments in electric vehicle (EV) production battery production and charging infrastructure.
DSV – Global Transport and Logistics, the world's largest logistics operator, has launched a solar installation at its warehouse in Łozienica, Poland, in partnership with commercial real estate investor Accolade. The installation will meet the energy needs of Poland's first multi-client warehouse equipped with an AutoStore system.
Etem Gestamp, the Sofia-based joint venture between Viohalco Group and Spain's Gestamp Group focused on aluminium extrusion and processing for the automotive industry, and Rezolv Energy, the Actis-backed independent power producer, have signed a 10-year virtual power purchase agreement (VPPA) in Bulgaria. The VPPA will see Etem Gestamp buy electricity from Rezolv Energy's 461MW 'Vifor' wind farm, which is about to come onstream in Buzău County, Romania. It is the first cross-border wind PPA that has been publicly announced in Bulgaria.
DP World has launched a five-year coastal restoration programme to create underwater "forests" of native seaweed to boost marine life near the Constanța South Container Terminal on the Black Sea.
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.
