Energy | 7 May, 2024 at 7:00 AM
Microsoft signs contract for 10.5 GW of global renewable power capacity
This five-year pact maps out strategies for developing more than 10.5 gigawatts of new renewable energy capacity.
This five-year pact maps out strategies for developing more than 10.5 gigawatts of new renewable energy capacity.
Speakers of the panel on best practices at Romania ESG Forum 2024 opened a discussion revolving around ESG investing and decarbonization strategies.
ABB inaugurated a new factory in Belgium, investing €20 million in its construction, situated in Evergem, near Ghent.
RWE has secured funding for its Eemshydrogen initiative aimed at constructing a 50-megawatt electrolysis facility to produce green hydrogen.
To reduce its environmental footprint, Indotek Group will install a 5000-square-meter solar panel system, generating 1 MW on the roof of Plaza M.
Regarding environmental impact, the funded projects have resulted in annual savings of over 42,000 tons of CO2.
Saint-Gobain has entered into a renewable electricity supply agreement with OMV Petrom in Romania.
The European Council has formally endorsed a directive aimed at extending reporting deadlines for specific industries and companies outside the EU.
RWE has commenced the development of its inaugural solar facility in Italy. The completion of the project is slated for the year's end.
Eurostar has committed to power its trains entirely with renewable energy by 2030.
The European Commission will allocate nearly €720 million to seven renewable hydrogen projects across Europe.
The European Commission and EU consumer authorities have reached out to 20 airlines regarding potentially misleading green claims.
The Romanian Ministry of Energy announced that he offshore wind energy law will come into effect on May 30th.
Over 15,000 residences in Romania have been certified as "Green Homes" or have obtained precertification (still in the construction phase) between 2014 and 2024.
OMV Petrom has released its Sustainability Report for 2023, showcasing notable advancements in economic, environmental, and social realms.
Iberdrola, the Spanish power utility, announced the sale of its Romanian wind subsidiary, Eolica Dobrogea One, to power and gas distributor Premier Energy Group for €88 million.
European Parliament passed the Net-Zero Industry Act to boost EU production of technologies crucial for decarbonization efforts.
For the green transformation of the Romanian economy, it is of critical importance to have a true alignment of the private and public sectors.
The European Parliament has given its final approval to new regulations requiring companies to address their negative impacts on human rights and the environment.
The European Commission has given its approval to a €300 million initiative by France to bolster the efforts of Electricité de France's (EDF) subsidiary.
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.
