Regulation | 10 April, 2024 at 8:30 AM
Romania approves offshore wind farm installations
Through the bill voted today, Romania has taken an important step towards promoting renewable energy in the country.
Through the bill voted today, Romania has taken an important step towards promoting renewable energy in the country.
The investment initiative primarily involves the installation of photovoltaic plants and storage facilities across 29 electrical energy stations.
This marks a significant step in the group's dedication to Environmental, Social, and Governance (ESG) principles.
The European Commission has approved Slovakia's €267 million support package for Volvo Cars, deeming it compliant with EU State aid regulations.
Romania will need to increase this consumption at the expense of fossil fuels such as gas or wood to transition to a green economy.
This platform will facilitate cooperation concerning critical raw materials (CRMs) crucial for global green and digital transitions.
The European Commission has approved a €350 million German initiative aimed at supporting the production of renewable hydrogen.
The two companies installed a 1,409 KW solar system at Shopping City Piatra Neamţ and a 450 KW solar system at Selgros Craiova last year.
The Green Revolution Association, in partnership with Raiffeisen Bank Romania and Mastercard, proposes an innovative solution to the sustainability infrastructure issue.
In March, the European Commission approved a scheme to support onshore wind and photovoltaic solar installations.
BRD Groupe Societe Generale and IFC, a World Bank Group member, have finalized a synthetic significant risk transfer (SRT) deal.
Romania has the capacity and all the resources to transition rapidly to renewable energy and become a 100% green country.
The majority of raw materials entering economies are still derived from virgin sources.
The Commission will scrutinize whether certain economic entities gained an unfair advantage in securing public contracts within the EU.
This observation illustrates that the wind resource is very stable from one year to another at a global scale whereas, the annual production can vary within a 25 % range.
The European Commission has granted approval for Greek measures totaling €1 billion aimed at supporting two initiatives for the generation and storage of renewable energy.
ProCredit Bank Romania announced the granting of a total financing of €3.4 million to the group of companies 3D Steel Design & Construct and Hansarom Management & Consulting.
Romania will be one of the largest beneficiaries of the Social Climate Fund, which will create a significant opportunity to reduce the energy poverty rate nationally.
The Prime Minister's Chancellery announced the start of a national tour of regional conferences within the Circulario accelerator.
The initiative aims to promote separate waste collection through an innovative and creative approach, exploring the various types of Romanians who recycle.
The Annual Water Report, based on over 13.5 billion liters of monitored water usage across 5,370 properties in 36 countries, reveals that 67% of properties experience water leakage yearly. With rising water scarcity, increasing tariffs, aging infrastructure, and stricter regulations, property owners are under growing pressure to better understand their water consumption.
Romanian developer Iulius has launched Europe's largest private bioremediation project, investing €29 million to clean 38 hectares of contaminated land in downtown Constanța. The project will transform the former Oil Terminal platform into an integrated urban regeneration complex worth over €800 million.
The European Union is at risk of missing a key United Nations deadline for submitting updated climate targets, as internal disagreements among member states delay a final decision on emissions goals for 2040.
Solar power has rapidly risen to become Hungary's second-largest source of electricity, overtaking gas for the first time in 2024.
Poland has moved up 49 places in the Climate Risk Index 2025, underscoring the increasing impact of climate change on the real estate sector. Heatwaves, heavy rainfall, droughts and floods are becoming a regular challenge for property owners and investors, according to Cushman & Wakefield.
