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Romania

Romania sees first green bonds

World Bank arm the International Finance Corp has now extended almost €76 million of credit into two sustainable lending facilities launched via Raiffeisen Bank.

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Romania preps auction scheme for large-scale solar, renewables

The scheme is expected to be issued within 18 months. According to law firm Schoenherr Romania, there is a growing appetite for large-scale solar projects in the country among investors.

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Solar could help Azerbaijan consolidate gains in Nagorno Karabakh after recent conflict

That was just one of the revelations of the latest Dentons’ Guide to renewables investment in Europe, which also noted solar plants could be switched off in Slovakia, Ireland could go either way on clean power pricing, and Luxembourg is struggling with a surprising headache.

Romania’s first module factory

Romanian manufacturer Karpat Solar has acquired a 100 MW panel production line from Spanish provider Mondragon. The manufacturing facility will be located in Transylvania.

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Giant solar project under development in Romania

A group of international investors is planning to build a 700 MW solar plant in Arad, in western Romania.

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Photon Energy update after ‘difficult’ quarter

The Amsterdam-based, Australia and central Europe-facing developer saw sales slump thanks to Covid-19 last year but has touted a growing operational project portfolio.

Romania improves rebate scheme to speed up rooftop PV development

The Romanian government has changed the rules of the Casa Verde Fotovoltaice (green PV home) scheme to support residential solar installations under the country’s net metering regime. The new provisions improve the installation process and settlement of rebate payments.

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Bulgaria and Romania set to be EU solar hotspots

Each of the nations, like Greece, will have gigawatt-plus solar additions in 2024, according to Solarpower Europe, enough to carve out a 3% slice of an anticipated 35 GW regional market.

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South African renewables jobs should be in coal regions

A study into the potential pitfalls of the shift to clean power in the nation’s coal-dependent energy mix, pointed out almost all of South Africa’s solar farms are far to the south and west of the coal regions likely to bear the brunt of job losses in a country which already has 29% unemployment.

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Will a watered down EU Just Transition Fund still be effective?

The EU Council has rejected a Covid-inspired European Commission proposal for a €40 billion warchest to help coal-dependent regions shift to renewables, with the heads of member states instead allocating €17.5 billion. Despite the final figure being €10 billion higher than that suggested by the commission before coronavirus battered Europe, questions have been asked about how useful the program will be.

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