The Corporate Sustainability Reporting Directive (CSRD), officially known as Directive (EU) 2022/2464, has been incorporated into Romanian legislation.
This investment is crucial for mitigating environmental impacts and facilitating the transition to a sustainable energy framework.
These funds are allocated for grid expansion and modernization projects valued at a total of €645.7 million.
BayWa r.e. is set to acquire the Poarta Albă solar park project in Romania in 2024, originally developed by HVAC Systems.
The project implementation period is 12 months, from December 2023 to December 2024.
This initiative aims to attract an additional € 5.4 billion in private investments.
Leroy Merlin Romania will cease the sale of halogen bulbs, offering exclusively LED products, starting from May 2024.
The Ministry of Environment announced that more than 2 million packages were returned by consumers.
Pipe manufacturer Artrom Steel Tubes will invest more than €6 million in 2024 to optimize measures to reduce carbon emissions and fuel consumption.
Brasov City Hall installed the first benches with photovoltaic panels, a contactless phone charging system, wireless internet, temperature, and pollution sensors.
The last few years have been marked by debates and discussions about electricity prices and new investments in renewable energy sources.
The project will be implemented by November 9, 2025.
Targoviste City Hall will build a photovoltaic park by December 2026 with European money on an area of 50,000 square meters.
Hidroelectrica completed the modernization of ten 110kV electrical stations in SH Hateg.
They are located in the Muntenia area, at a maximum distance of 80 kilometres from the Bucharest.
Waldevar Energy contracted a total of 481 MW in photovoltaic projects across Romania during 2023.
EBRD will guarantee up to €25 million for a loan provided by UniCredit Bulbank to the Tsenovo solar plant in Bulgaria.
More than €800 million in non-reimbursable funds for investments in green energy projects will be available within the next few weeks.
EBRD invested €35 million in a green bond issued by Erste & Steiermärkische Bank (ESB), the Croatian subsidiary of Austria's Erste Group Bank AG.
ALRO has purchased an aluminium aging furnace with electric heating from SECO/WARWICk.
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.
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.
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).
