Renewables

50 green projects in Romania received EUR 54 million

Published

October 7, 2016

Country

Comments

0

Share

Published:

October 7, 2016

Country:

Comments:

0

Share

50 Romanian companies and NGOs received total of EUR 54 million from private financing and Norwegian grants for the development of green projects. At this stage two countries negotiate the new agreement  for the period until 2021.

The state of Norway green investments, worth EUR 26 million, had been awarded for Romanian companies and NGOs within the financing program from 2009 to 2014 . Investments resulted in over 200 permanent jobs created from 2013 to early 2016.

Green technologies, eco-innovative products and services projects received 20 grants. 16 projects were funded to address the issues such as waste reuse, energy efficiency improvements, and use renewable resources in businesses. The other 14 projects focused on innovation and development of the entrepreneurship spirit in green economy.

The projects were executed between March 2013 and April this year under the “Green Innovation in the industry in Romania” Program. The program provided EUR 54 million, with EUR 28 million from private co-financing and EUR 26 million from Norwegian grants.

30 projects received between EUR 200,000 and EUR 1,5 million, and others received amounts between EUR 50,000-200,000.

Norway and Romania are currently negotiate a new agreement for financing green projects for 2014-2021 period, Romania Insider reported.

Related Articles

eps e3 international energy crops EPS to burn biomass in coal power plants

EPS piloting mixing biomass with coal in its thermal power plants

17 September 2021 - State-controlled power utility Elektroprivreda Srbije (EPS) has launched a pilot project with US company E3 International

timmermans-energy-price-green-transition

Timmermans: energy price hikes should speed up green transition, not slow it down

17 September 2021 - Only about a fifth of the energy price increase can be attributed to the rising costs of CO2 emissions, while the rest is simply due to a market shortage, says the European Commission’s vice president in charge of climate issues.

Romania Oltenia switch coal solar power proceeds CO2 permits

Romania’s Oltenia to switch from coal to solar power using proceeds from CO2 permits

16 September 2021 - Romania hopes to get most of the EUR 671 million for solar power plants in coal complex CE Oltenia from the EU's Modernization Fund

undersea power cables connect Europe Africa

Several undersea power cables about to connect Europe with Africa

16 September 2021 - Greece and Egypt are in talks about the possibility to lay a 2 GW submarine interconnector on the bottom of the Mediterranean Sea