This deal will support Nala Renewables' €214 million acquisition and development of a 99.2 MW onshore wind project in eastern Romania.
In 2022, hard coal for the first time was overtaken by solar energy in electricity generation in the EU.
A new photovoltaic park is set to be constructed at Iași Airport, Romania, spanning five hectares.
Wind and solar power have reached a share of 30% of European Union (EU) electricity generation, overtaking fossil fuels for the first time.
PROMELEK XXI recorded a turnover of €1.66 million from the installation of turnkey photovoltaic systems in the first six months of the year.
EBRD will provide a €25.1 million loan to Elektroprivreda Bosne i Hercegovine (EPBiH) to develop and construct a 50 MWp solar power plant on a former coal ash landfill site.
CMS Law Firm has advised Nala Renewables (Nala on the acquisition of a 99.2 MW onshore wind project from OX2, one of Europe's leading developers of renewable energy sources.
EIB has provided a €50 million green loan to Matrix Renewables for the development of five solar photovoltaic plants with a combined capacity of 240 MW in Spain.
R.Power has announced the signing of contracts for the general execution of a 23 MWp photovoltaic park portfolio.
Deloitte Romania assisted the Turkish energy company Entek Elektrik Üretimi A.Ş., primarily engaged in the green energy sector, in acquiring Romanian companies.
The Galați City Hall announced that the funding contract for setting up the first photovoltaic park with European funds has been signed.
PPC announced that it has entered into a binding agreement with Evryo Group, owned by funds managed by Macquarie Asset Management, to acquire their renewable energy generation portfolio in Romania.
The European Bank for Reconstruction and Development (EBRD) is providing €12.2 million for the construction of two solar power plants in Romania's Dolj County.
Romania's Energy Ministry has allocated €13.38 million in non-refundable Modernisation Fund financing to various universities and municipalities for developing renewable energy sources (RES) and storage capabilities.
The renewable energy developer OX2 has finalized a sale agreement for a 99.2 MW onshore wind project in Romania to Nala Renewables, a joint venture between IFM Investors and Trafigura.
EBRD will provide €100 million in funding to Enefit Green for the development and operation of the 255 MW Sopi-Tootsi wind park in Estonia.
The European Commission has approved a €998 million Dutch initiative under EU State aid rules to promote the production of renewable hydrogen.
Restart Energy, a Romanian company specializing in renewable energy, announced the completion of a 225 kW photovoltaic (PV) installation for the local pastry business, Cibibon.
Allview Solar Energy has signed a contract with Autoliv Romania to implement a significant 5.7 MWp photovoltaic project.
The study indicates that only half of the available land deemed suitable for renewable energy is needed to achieve the EU's decarbonization goals by 2040.
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.
