Energy | 23 May, 2024 at 9:00 AM
Brasov invests €21.8 million in construction of photovoltaic park
he Brasov City Hall is undertaking an investment project worth nearly €21.8 million.
he Brasov City Hall is undertaking an investment project worth nearly €21.8 million.
Europe will need to modernize its distribution grids to enable widespread electrification of transport, heating, and industry.
The Europan Council adopted a regulation and a directive that established common internal market rules for renewable and natural gases and hydrogen.
The Commission European welcomes the adoption of significant reforms in the electricity and gas markets, along with a new regulatory framework aimed at advancing hydrogen and other decarbonized gases.
The European Bank for Reconstruction and Development (EBRD) financed a 10 MW solar power plant in the Feriana region, Tunisia.
Nestlé has pledged to decrease its greenhouse gas (GHG) emissions by 20% by 2025, halve them by 2030, and attain net zero by 2050.
The total added value generated by the Group and its collaborating franchisees reached €2.1 billion in 2023, marking a 30% increase from 2022.
Engie Romania has finalized the acquisition of an operational wind farm with a capacity of 80 MW, previously owned by EnerCap Capital Partners Group and EP Global Energy.
Over 46% of homeowners are considering upgrading their heating systems to more energy-efficient ones, while close to 77% are contemplating investing in renewable energy.
Allview Solar Energy, the division specializing in green energy solutions of Visual Fan SA, announced the completion of the photovoltaic installations built for a multinational company.
The agreement was signed in Shanghai by Sanjeev Gupta, Executive Chairman of LIBERTY Steel Group, and Xiao Peng, Chairman of CISDI Engineering Co. Ltd.
Their goal was to complete the interior finishes on four houses, which will soon be handed over to families in need in the village of Moara Noua, Prahova County.
The company plans to use the funds raised through the listing to acquire renewable energy assets in Romania and Moldova.
Over 500 companies from across the country are expected to attend the ESG Journey event series from May to November 2024, organized by Social Innovation Solutions in partnership with UniCredit Bank Romania.
EU Commission announced that two Chinese-owned renewable energy developers have pulled out from a public tender to build a solar photovoltaic park in Romania.
EU is taking substantial measures to strengthen firefighting efforts and protect communities by deploying firefighters strategically and assembling a fleet of firefighting aircraft.
Visual Fan Company announced that it has signed a contract with Constanta Shipyard to install a 3.2 MWp photovoltaic plant.
EBRD has allocated a €15 million loan to Photon Energy NV (Photon), a prominent regional producer of renewable energy, to bolster its operations in Romania and Poland.
RetuRO, the administrator of the Deposit-Return System, opened the fourth regional packaging collection center in Otopeni, Ilfov County.
The European Commission has approved the registration of a European Citizens' Initiative titled ‘Save the Planet by shifting taxation from labour to greenhouse gas emissions.
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).
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.
51% of Romanian entrepreneurs see sustainability as a way to reduce operational costs, yet the same proportion say implementation is too expensive, according to a new study by BRD Groupe Société Générale. Conducted among micro and small-to-medium enterprises, the research outlines how Romanian entrepreneurs perceive the opportunities and challenges of transitioning to sustainable business models.
