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

Household solar power systems overload Cyprus electricity grid

Household solar power systems overload Cyprus electricity grid

27 January 2023 - The distribution and transmission system operators in Cyprus asked for a freeze in issuing licenses for small solar power installations for self-consumption

Romania is exploring geothermal waters at 24 locations

Romania is exploring geothermal waters at 24 locations

27 January 2023 - Romania is third or fourth in Europe in geothermal energy potential. Exploration is currently being conducted at 24 sites.

cwp montechevo solar montenegro

CWP enters Montenegrin renewables market with 400 MW solar project

26 January 2023 - The investment is valued at around EUR 360 million, while the development and construction of the project are planned in phases

EPCG to install 47 MW solar power plant within Niksic steelworks

EPCG to install 47 MW solar power plant at Nikšić steelworks

26 January 2023 - Power utility Elektroprivreda Crne Gore bought the company in Nikšić for EUR 20 million from Turkish company Tosçelik.