Through the eyes #8

Commitments

Wednesday 22 June 2022

This week we take you to Romania to discover the 8th story from UniCredit's 2021 Annual Report dedicated to our client Wind Power Energy, a company offering an extensive range of products and services to facilitate the energy transition as well as designer of Europe’s largest onshore wind farm. UniCredit supported them with their professional academy RenewAcad, helping more than 400 people find new employment and providing training for more than 700 people. Read this success story. 

2:00 min

Founded in 2007, Wind Power Energy SRL is a member of the Monsson Group and is one of the leading players in the  renewables sector in Romania and across Europe

 

The company offers an extensive range of products and services to facilitate the energy transition and has designed over 5,000 MW of wind energy projects over the last five years, including Europe’s largest onshore wind farm. 

 

Wind Power Energy is best known for its team of experts who provide information services and professional consultancy in addition to carrying out technical analysis, wind studies, infrastructure projects, and communications for the wind farms developed by the Monsson Group. 

 

To support this initiative, the UniCredit team in Romania, together with the European Social Fund’s Human Operational Programme, provided the necessary financing for the Academy to start its activities. As a result, in September 2021, one of the largest professional retraining programmes for miners and former miners was launched in the Jiu Valley, specifically designated by the Romanian gov ernment for carbon transition. One of the Academy’s goals  is to provide all miners and former miners in the valley and nearby areas with the required skills and training to become specialists in wind energy and electricity distribution. The loan from UniCredit Romania covers 90% of the total €954 thousand investment required for the project, and will be used for equipment, accommodation and other support activities needed to carry out the training programmes. 

 

 

It also runs several vocational education and training programmes. In 2019, the company partnered with the Renewable Energy School of Skills (RESS) and the Romanian Wind Energy Association (RWEA) to launch the project RenewAcad – Academy for Counseling and Professional Training for Renewable Energy Sources.


This project was born out of two necessities: change and increasing awareness that the energy transition assumes certain jobs will disappear over time. 

 

With UniCredit’s support, RenewAcad expects to be able to help more than 400 people find new employment and to provide training for more than 700 people. In addition, this initiative will allow Wind Power Energy and its partners to contribute to Romania’s economic development by ensuring  better employment opportunities.

Importantly, it will also make certain that the energy transition does not leave anyone in its wake.

We thank UniCredit for the trust and we hope to work together on further renewable projects in the future

Business Development Manager, Sebastian Enache, com mented “We are proud to implement an innovative project for the first time in Europe. As Romania will have more than  10,000 MW newly installed by 2030, we want to build up the  necessary infrastructure to support skilling and reskilling activities, needed for this sector. We thank UniCredit for the trust and we hope to work together on further renewable projects in the future”.

Discover more stories from our 2021 Annual Report here: https://annualreport.unicredit.eu/en?intcid=INT-IG_CTA0070