In 2024, 46.9% of net electricity generated in the EU came from renewable energy sources. Among EU countries, Denmark had the highest share of renewables in its net electricity generation with 88.4%, coming mostly from wind, followed by Portugal (87.5%, mostly wind and hydro) and Croatia (73.7%, mostly hydro). The lowest shares of renewables were […]
The use of renewable energy sources in heating and cooling continues to increase in the EU, with the share of energy from renewables in those areas reaching 26.2% in 2023, the highest value since the time series started in 2004 (11.7%). The share increased by 1.2 percentage points (pp) compared with 2022 (25.0%). EU directive […]
DRI, the renewables division of DTEK, the company of Rinat Akhmetov, the richest Ukrainian, aims to complete a wind farm and invest in storage capacities in Romania this year. The company is targeting new projects on the Romanian market, including in energy storage. “The renewables market is changing and we need to understand the new […]
A renewable energy equipment factory will be built in the town of Petrila in the Jiu Valley, according to RenewAcad, which will officially inaugurate the investment in early March. “Through this project, RENEWACAD aims to establish an assembly plant for equipment components used in the renewable energy industry, a booming sector that can generate significant […]
PPC Renewables Romania, part of the PPC Group, has inaugurated a new control room, capable of optimizing the production of the company’s increased portfolio of wind and photovoltaic parks, as well as carrying out in real time the dispatcher orders received from the electricity system operator. “The installed capacity of PPC Renewables Romania’s photovoltaic and […]
77 new renewable energy capacities with a total capacity of 950 MW were put into operation last year, ANRE shows. This year, a tripling of the newly installed capacity is estimated. According to reports from network operators, in 2024, 77 projects for the production of electricity from renewable sources, with approved discharge powers greater than […]
The Ministry of Finance informs that Romania wins the arbitration case opened at ICSID ARB 20/35, regarding renewable energy. Investors who had demanded over a quarter of a billion euros must pay the state about 2 million euros “On 16.01.2025, Romania received the decision of the Arbitral Tribunal established according to the ICSID Convention in […]
Photovoltaic energy made another significant advance in Germany during 2024, as figures published on Monday by a professional association show that, for the first time in history, the total installed capacity of photovoltaic energy production exceeded the 100 gigawatt (GW) threshold, DPA reports, quoted by Agerpres. The German Solar Industry Association reported that 17 GW […]
Sinteza has signed a financing contract with the Ministry of Energy, from the National Recovery and Resilience Plan (PNRR), for the establishment of a new production, testing and recycling capacity for electrolytes used for the manufacture of industrial batteries for storing electricity, the company informs in a report submitted to the Bucharest Stock Exchange (BVB). […]
Following the first auction for the State Aid Scheme in the form of Contracts for Difference for the production of electricity from renewable sources of onshore wind and solar photovoltaic energy, on 12.12.2024 the financial evaluation of the submitted offers was completed. Out of a total of 48 offers submitted for both technologies, 47 were […]
UniCredit Bank has completed a transaction to finance a renewable energy production portfolio, totaling EUR 214.45 million, to Enery. UniCredit acted as Mandated Lead Arranger, Joint Coordinator and Bookrunner, according to a press release from the bank. This transaction continues the long-term partnership between UniCredit and Enery in Romania and Europe, the bank said. Alongside […]
PPC Group enters the renewable energy market in Italy with two new photovoltaic plants, with a total installed capacity of 32 MW. In line with its commitment to consolidate its leadership in the energy transition in South-Eastern Europe, PPC Group expands its green portfolio with the inauguration of the Carcarello and Luxenia photovoltaic plants, located […]
The European Bank for Reconstruction and Development (EBRD) intends to support the design and implementation of future renewable energy auctions in Romania, according to a Memorandum of Understanding signed today by the country’s Energy Minister Sebastian Burduja and EBRD Head of Romania Victoria Zinchuk. Supported by the EBRD, in September Romania opened the first auction […]
The European Bank for Reconstruction and Development (EBRD) is lending up to €50 million to Tenevo Solar Technologies EAD to build and operate a fully merchant solar photo-voltaic plant in southeastern Bulgaria. The Tenevo plant is expected to generate more than 300 GWh of electricity a year and save 250,000 tonnes of carbon emissions annually. A parallel […]
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