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 […]
Donald Trump’s return to the White House will reorient the country’s energy policy toward maximizing oil and gas production, but the Republican victory in Tuesday’s presidential election is unlikely to dramatically slow the U.S. renewable energy boom, Reuters writes. That’s because a Biden-era law providing a decade of lucrative subsidies for new solar, wind and […]
The Commission has published a draft delegated regulation to update the rules for the Union Database (UDB) on biofuels to improve the traceability of data along the entire supply chain and opened a 4-week call for feedback on the draft text from interested parties. Established under the 2018 Renewable Energy Directive (2018/2001/EU) in order to improve traceability […]
With solar leading their rapid deployment, renewables are on course to meet almost half of global electricity demand by the end of this decade, new IEA report says Due to supportive policies and favourable economics, the world’s renewable power capacity is expected to surge over the rest of this decade, with global additions on course […]
The European Investment Bank (EIB) and Intesa Sanpaolo have agreed on a new initiative with the potential to unlock investment of up to €8 billion for the European wind industry. It forms part of the EIB’s €5 billion wind power package, an investment plan announced by the EU bank at COP28 in Dubai and activated in July, […]
The European Bank for Reconstruction and Development (EBRD) is supporting the expansion of renewable energy developer Green Genius with an equity investment of €100 million. Once approved by the competition authorities in the relevant countries, the EBRD will become a minority shareholder in the company. The proceeds will support the firm’s European growth strategy, which […]
Simtel, the Romanian engineering group, and Monsson, the largest developer of renewable energy projects in Romania and Southeast Europe, announce the signing of a strategic partnership aimed at the development, construction and sale of photovoltaic and/or mixed projects with a capacity total installed capacity of approximately 150 MWp. In addition, according to a press release […]
Romania’s National Integrated Energy and Climate Change Plan (PNIESC) has been revised, as requested by all member states, and in its latest form, published by the Ministry of Energy, the renewables target in total energy consumption increases to 38.3%, on the horizon of 2030. Brussels had recommended 41%, but Bucharest says that percentage is “a […]
The Minister of Energy, Sebastian Burduja, approved the ministerial order for the Contracts for Difference (CfD) scheme: “We are launching the first tender within the CfD scheme, which will support the development of photovoltaic projects with a capacity of 500 MW and onshore wind projects of 1,000 MW” , the Ministry of Energy says in […]
The wind-photovoltaic hybrid park owned and operated by the Engie group at Gemenele in Brăila County has started tests. It is the first unit of its kind in Engie’s renewables portfolio in Romania and, at the same time, the largest hybrid park in Romania completed to date. Engie installed in the town of Gemenele, where […]
In 2021, CEF Energy was extended with a cross-border renewable energy (CB RES) window. The scope of the CB RES programme covers renewable energy projects that involve a physical or non-physical cross-border cooperation between EU Members States, but also Member States and non-EU countries. A CB RES project shall contribute to the generation of renewable energy […]
The Commission adopted 4 guidance documents to support EU countries’ work in transposing and implementing the revised directives on renewable energy and energy efficiency into national law. As outlined in the ‘Accele-RES’ initiative, this package will support national administrations by providing clarity on the more complex elements of the new legislation and give a common basis for […]
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