Energy | 13 November, 2024 at 7:23 AM
IKEA's investment company acquires Polish wind farm
Ingka Investments, the investment arm of IKEA owner Ingka Group, has acquired the 62 MW Wysoka wind farm in Poland from OX2.
Ingka Investments, the investment arm of IKEA owner Ingka Group, has acquired the 62 MW Wysoka wind farm in Poland from OX2.
Eurowind Energy has achieved a significant milestone by installing the first wind turbine at its Pecineaga wind farm in Constanța County, Romania.
The European Commission has endorsed a positive preliminary assessment of Poland's payment request for the second and third instalments for €9.4 billion.
OMV Petrom has initiated construction on its largest solar project in Romania.
Following the energy price shocks of the past years, electricity and gas remain expensive for both households and businesses.
Romania's Ministry of Energy has secured significant progress in its green energy transition through the Recovery and Resilience Plan (PNRR).
Poland's energy major Polenergia has signed a multi-year power purchase agreement (PPA) to supply electricity to domestic courier company InPost from its 121 MW Debsk wind farm.
IEA's latest monitor shows wide variations in clean energy deployment among regions and technologies amid increased manufacturing capacity and declining costs.
The Bulgarian Ministry of Energy has approved €268 million in state aid for 249 renewable energy projects, including energy storage units.
EBRD has agreed to invest up to €29.3 million in a green bond issuance by Poland's R.Power SA. This investment will secure funds for renewable energy projects.
Polish renewable energy company Grenevia has secured a significant loan from the Polish Development Fund to fuel its solar energy expansion.
The Solar Energy division of Visual Fan announced the signing of a contract with Austrotherm for the development of a photovoltaic park with a capacity of approximately 999.90 kWp.
Eolenerg Project has ordered 12 wind turbines to be installed in their new wind farm in Săcele, Constanța, with Vestas Wind Systems.
Cellnex and Elawan Energy have signed a Power Purchase Agreement (PPA) for the supply of renewable electricity.
Photon Energy's Hungarian subsidiary has completed and commissioned a 658 kW solar power plant for Clarion Hungary, a subsidiary of Forvia.
AkzoNobel's has been installed at its Pilawa site in Poland, further powering the company's efforts to transition all its production locations to renewable electricity.
EY advised Alternus Energy Group, a leading international solar PV operator and developer, in selling a portfolio of operational solar PV projects in Poland totaling 89 MW.
Romanian energy company W4Energy will revolutionize renewable energy in Ilfov county with its latest project, WFUltra.
Croatian food and pharmaceutical producer Podravka has completed a €5 million investment in rooftop solar panels as part of its sustainability strategy.
Strabag and Polenergia have signed a contract for the supply of green energy from renewable sources. The contract with one of the market leaders in the construction industry was concluded by Polenergia Sprzedaż.
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).
Waldevar Energy has begun construction on two utility-scale photovoltaic parks for Doral Energy in Tudor Vladimirescu (Brăila County) and Ștefan Vodă (Călărași County), Romania. The projects will deliver 14 MWp of installed capacity using around 25,000 photovoltaic panels.
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.
