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.
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.
