(IN BRIEF) The Arcadis Ost 1 wind farm, situated off the coast of Rügen in Mecklenburg-Western Pomerania, Germany, has commenced full capacity operation, contributing 250 megawatts (MW) of renewable energy to the German electricity transmission system. The wind farm operator, … Read the full press release
(IN BRIEF) EDF Group’s subsidiary, EDF Production Energie Insulaire (PEI), has converted its bioenergy power plant at Port-Est in Reunion Island to operate on liquid biomass made from rapeseed oil, making it fully renewable and contributing to the region’s aim … Read the full press release
(IN BRIEF) Eni, the energy company, has signed a Sustainability-Linked revolving credit line for a duration of five years, amounting to €3 billion. This credit facility is tied to two sustainability targets outlined in Eni’s Sustainability-Linked Financing Framework, which was … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Italy, Management, News
Tagged Eni, Financial, investment, renewable energy, sustainability
(IN BRIEF) The European Investment Bank (EIB) and Ørsted have inked a €400 million framework loan agreement to support the expansion of wind energy production, in alignment with the RePowerEU initiative’s objectives. This marks their fifteenth joint project, reflecting Ørsted’s … Read the full press release
Posted in Banks, Business, Denmark, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged Denmark, EIB, Europe, Kasper Kiim Jensen, partnership, renewable energy, sustainability, Thomas Östros, Ørsted
(IN BRIEF) The power sector is undergoing a vital transformation to meet climate goals by shifting towards carbon-free electricity production. The European Bank for Reconstruction and Development (EBRD) is actively contributing to this transition through its Renewable Energy Programme, particularly … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom
Tagged Azerbaijan, Bulgaria, clean power, EBRD, fossil fuels, Fuels Transition, MOLDOVA, Montenegro, partnership, renewable energy, Romania, sustainability
(IN BRIEF) SEAT S.A. is set to significantly expand its solar energy capacity with the installation of 39,000 new solar panels across its three production facilities in Martorell, El Prat, and Barcelona. This expansion, known as SEAT al Sol 2, … Read the full press release
(IN BRIEF) Local energy company Sorégies has secured financing through the InvestEU program, marking a significant step in its strategic plan to prioritize renewable energy development. Sorégies aims to self-generate at least 1,000 GWh of electricity by 2030, aligning with … Read the full press release
(IN BRIEF) Neste, a global renewable fuels and sustainable solutions leader, has signed an important solar power purchase agreement with CPC Finland Oy. This deal will provide solar power to Neste’s Porvoo refinery in Finland, starting in spring 2024. The … Read the full press release
(IN BRIEF) Ericsson, a leading communications technology company, has successfully issued a €500 million green bond with a 4.5-year maturity. The bond, part of Ericsson’s Euro Medium Term Note Program (EMTN), will fund investments in energy efficiency. Ericsson’s CFO, Carl … Read the full press release
Posted in Business, Electronics & Machinery, Energy, Gas & Oil, Environment, Financial, Sweden, Technology, Telecom
Tagged 2021 ICMA Green Bond Principles, Carl Mellander, CICERO Shades of Green, Citi, Credit Agricole CIB, Danske Bank, Deutsche Bank, EMTN, energy efficiency, Ericsson, ESG targets, Euro Medium Term Note Program, green bond, green financing, Green Financing Framework, mobile connectivity, renewable energy, SEB, sustainable financing
(IN BRIEF) ENERCON, a leading manufacturer of onshore wind energy converters, marked its 20-year presence in France by reaffirming its dedication to the expansion of onshore wind energy in Europe. The company’s CCO, Ulrich Schulze Südhoff, emphasized that Europe is … Read the full press release
Posted in Business, Economy, Environment, Financial, France, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Dr Aloys Wobben, Enercon, Europe, France, partnership, renewable energy, sustainability, Ulrich Schulze Südhoff
(IN BRIEF) DHL Freight is building a new terminal in Berlin-Marienfelde, aiming to enhance its network and sustainability. This 20,000-square-meter facility will replace an existing one in Berlin, offering better freight distribution in the area. The new terminal will operate … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Germany, Industrial, Transportation & Logistics
Tagged Berlin, Björn Michelchen, DHL Freight, DHL Freight terminal, Götz Hanningsmann, Marc Urbatsch, Marienfelde, Martin Grimm, Martina Marijnissen, renewable energy, road freight, sustainability, Thomas Vogel
(IN BRIEF) A new Green Finance Facility (GFF), valued at €30 million, has been introduced in North Macedonia to provide small and medium-sized enterprises (SMEs) and creditworthy underserved individuals and households with loans for renewable energy and energy efficiency projects. … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Small Business, United Kingdom
Tagged Aleksandra Vukosavljevic, Armen Grigoryan, Dmitry Mariyasin, Fatmir Bytyqi, Green Finance Facility, investments, NORTH MACEDONIA, partnership, Rania Sharshr, renewable energy, Rossana Dudziak, SMEs, sustainability
(IN BRIEF) The European Investment Bank (EIB) has signed a €150 million 15-year loan agreement with the Hellenic Electricity Distribution Network Operator (HEDNO) to support the deployment of electricity smart meters across Greece. This initiative aims to enhance the efficiency … Read the full press release
Posted in Banks, Energy, Gas & Oil, Environment, European Union, Financial, Greece, Luxembourg, Technology
Tagged EIB, electricity smart meters, energy distribution, energy transition, Greece, HEDNO, Hellenic Electricity Distribution Network Operator, Mr Anastasios Manos, renewable energy, The European Investment Bank, Werner Hoyer
(IN BRIEF) AFRY, a prominent player in industry, energy, and infrastructure, has been awarded a significant framework agreement with Vattenfall Eldistribution, one of Sweden’s largest Distribution System Operators (DSOs). Under this agreement, AFRY will provide a range of technical consulting … Read the full press release
(IN BRIEF) In October, Portugal experienced a significant milestone in its energy landscape as renewable energy production contributed to 67% of the country’s electricity consumption. Non-renewable sources accounted for only 17%, while the remaining 16% was imported energy. The month … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Management, News, Portugal
Tagged PORTUGAL, REN, renewable energy, supply
(IN BRIEF) DNV, a leading energy expert and assurance provider, is collaborating with KREDO Offshore, a Korean renewable energy developer, to advance offshore wind farm projects in South Korea. DNV is overseeing the deployment and monitoring of seven Floating Lidar … Read the full press release
Posted in Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Norway, Technology
Tagged assurance provider, Brice Le Gallo, DNV, energy expert, Floating Lidar System, KREDO Offshore, Mike Hallett, Offshore wind, offshore wind farms, renewable energy, South Korea, wind farm, wind measurement project, Yoon Woo Sik
(IN BRIEF) RWE and Equinor have entered into a new supply contract for 10 to 15 terawatt hours (TWh) of natural gas annually, spanning until 2028. This collaboration strengthens their longstanding partnership and aims to enhance security of supply and … Read the full press release
(IN BRIEF) Enel and its subsidiary, Enel Chile, have successfully completed the sale of their equity interests in Arcadia Generación Solar to renewable energy producer Sonnedix. This transaction, valued at 556 million US dollars, includes four operational PV plants in … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Investment, Italy
Tagged Antofagasta, Arcadia Generación Solar S.A., Atacama, Carrera Pinto, Chile, Diego de Almagro, Domeyko, Enel Chile S.A., Enel S.p.A., Pampa Solar Norte, PV plants, renewable energy, solar energy, Solar PV, Sonnedix
(IN BRIEF) Iberdrola has installed Spain’s largest solar community at the Nexum Retail Park in Fuenlabrada, Madrid. This solar initiative enables 1,100 nearby households to access 100% renewable energy, saving up to 40% on energy costs without needing individual installations. … Read the full press release
(IN BRIEF) Borealis, a leading provider of sustainable polyolefin solutions and base chemicals, has forged a long-term Power Purchase Agreement (PPA) with Alpiq, a Swiss energy services provider and European electricity producer. Under this agreement, starting from early 2024, Alpiq … Read the full press release
Posted in Austria, Business, Chemicals, Energy, Gas & Oil, Financial, Finland, Government, Industrial, Investment, Management, News, Switzerland
Tagged Alpiq, Borealis, Finnish, Matti Ahtosalo, partnership, renewable energy, sustainability, wind farm, Wolfram Krenn
(IN BRIEF) Iberdrola Deutschland has secured the rights to three wind energy sites in the latest tender held by Forst Baden-Württemberg (ForstBW). These wind farms, covering a total of 790 hectares, are expected to feature around 25 wind turbines and … Read the full press release
(IN BRIEF) Macquarie Asset Management has inked an agreement with Hydro, a prominent Norwegian aluminum and renewable energy company, to purchase a 49.9 percent ownership interest in Hydro’s renewable energy subsidiary, Hydro Rein, for $332 million. This deal values Hydro … Read the full press release
(IN BRIEF) Vodacom and Eskom have signed a pioneering Virtual Wheeling agreement in South Africa to address the country’s energy crisis. Load shedding, planned power cuts by Eskom due to high demand, has disrupted daily life and telecom services. Vodacom … Read the full press release
(IN BRIEF) Arkema Group has achieved a significant 46% reduction in the carbon footprint of its bio-based Rilsan® polyamide 11 grades, reaching less than 2 kg CO2e/kg. This reduction is attributed to the use of renewable and low carbon energy … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) and Crédit Agricole Italia have signed a €400 million agreement to support small and medium-sized enterprises (SMEs) and agricultural companies. A significant portion of this funding, over 25%, will be directed towards environmental … Read the full press release
Posted in Agriculture, Banks, Energy, Gas & Oil, Environment, European Union, Financial, Investment, Italy, Small Business
Tagged agri-food sector, agricultural companies, Crédit Agricole Italia, EIB, energy efficiency transition, environmental sustainability, European Investment Bank, Gelsomina Vigliotti, Giampiero Maioli, Mid-Caps, renewable energy, SMEs
(IN BRIEF) AFRY is actively supporting Malta’s ambitious plans to expand its offshore renewable energy capacity. The company is engaged in technical and commercial tasks for Interconnect Malta (ICM), a state-owned entity responsible for energy infrastructure projects. AFRY’s efforts aim … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Malta, Management, News, Sweden
Tagged AFRY, Bülent Mutlu, expansion, Ismail D’Amato, Malta, offshore, partnership, Peter Plug, renewable energy, sustainability
(IN BRIEF) Iberdrola and TMD Friction Services have signed a 15-year contract for the supply of green electricity. Iberdrola will provide approximately 50 GWh of clean energy per year to cover over 50% of TMD’s electricity demand in Germany starting … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Germany, Industrial, Spain
Tagged Baltic Eagle, Baltic Sea, brake materials, clean electricity, green electricity, GREEN HYDROGEN, Iberdrola, Ignacio Galan, offshore wind turbines, PPA, renewable energy, Rügen, TMD Friction Services, Wikinger, Windanker Offshore Wind Farm
(IN BRIEF) Enel S.p.A., through its subsidiary Enel Green Power S.p.A. (EGP), has successfully finalized the sale of a 50% stake in its Australian renewable energy entities, Enel Green Power Australia Pty Ltd and Enel Green Power Australia Trust (collectively … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News
Tagged acquisition, Australia, Enel, INPEX, partnership, renewable energy, sustainability
(IN BRIEF) Arkema, a global leader in specialty chemicals, has announced a substantial €50 million investment to expand its organic peroxide production capacities at its Changshu site in China. This strategic move, which is part of the company’s global expansion … Read the full press release
(IN BRIEF) TotalEnergies, Petrobras, and Casa dos Ventos Holding have entered into a Memorandum of Understanding (MoU) to explore collaborative opportunities in the renewable energy and low-carbon hydrogen sectors in Brazil. Under this agreement, the three companies will jointly investigate … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Brazil, Casa dos Ventos, Casa dos Ventos Holding, low-carbon hydrogen, partnership, Patrick Pouyanné, Petrobras, renewable energy, sustainability, TotalEnergies
(IN BRIEF) The Nordic Investment Bank (NIB) and Wärtsilä Corporation, a Finnish technology group, have entered into a ten-year EUR 75 million investment loan agreement. This partnership aims to finance Wärtsilä’s research and development (R&D) activities from 2023 to 2025, … Read the full press release
Posted in Banks, Energy, Gas & Oil, Environment, Finland, Industrial, Technology, Transportation & Logistics
Tagged Arjen Berends, decarbonisation transformation, ENERGY, investment loan, Jeanette Vitasp, marine, marine decarbonisation, marine power supply, NIB, NIB Environmental Bond, R&D), renewable energy, renewable energy solutions, research and development, Wärtsilä Corporation
(IN BRIEF) Iberdrola, in partnership with Van Oord, has successfully installed 50 monopiles for the Baltic Eagle offshore wind farm. These vital components were manufactured by EEW SPC and transported to the construction site, anchored in the seabed to support … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Spain
Tagged Baltic Eagle offshore wind farm, EEW SPC, GREEN HYDROGEN, Iberdrola, Iberdrola Deutschland, Iris Stempfle, monopiles, Mukran, photovoltaic projects, port of Rostock, renewable energy, Svanen, Van Oord, wind farm, wind turbine, Windar Renovables
(IN BRIEF) A recent International Renewable Energy Agency (IRENA) report indicates that 86% of newly commissioned renewable electricity capacity in 2022 cost less than fossil fuel-generated electricity. Solar power notably contributed to this trend, with its global average cost dropping … Read the full press release
(IN BRIEF) Wood has been chosen as a preferred bidder for the Scottish and Southern Electricity Network (SSEN) Transmission’s Accelerated Strategic Transmission Investment (ASTI) framework. This selection will facilitate the upgrade of onshore power transmission infrastructure in northern Scotland, supporting … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, United Kingdom
Tagged ASTI, expansion, infrastructure, Jim Shaughnessy, Northern Scotland, Onshore, partnership, power transmission, renewable energy, Rob McDonald, SSEN, sustainability, Wood
(IN BRIEF) The Egyptian Electricity Transmission Company (EETC) has chosen AFRY to conduct a crucial system study to facilitate the rapid expansion of Egypt’s national transmission grid. The study’s focus is on addressing challenges arising from the increased integration of … Read the full press release
(IN BRIEF) Hydro, a company specializing in aluminium solutions, has commenced the installation of solar panels and battery storage systems at its Swedish extrusions’ factories in Vetlanda, Sjunnen, and Finspång. The project, named Greener Sweden, aims to transition these factories … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Management, Metals and Minerals, News, Norway
Tagged Finspång, Greener Sweden Project, Hydro, Hydro Extrusions, Hydro REIN, Jonas Bjuhr, Marianne Wergeland Jenssen, renewable energy, Sjunnen, sustainability, Swedish Factories, Vetlanda
(IN BRIEF) RWE, focused on building a sustainable energy system, significantly increased its investment activity in the first half of fiscal 2023, spending €9 billion on growth compared to €2.1 billion in the same period last year. This expansion included … Read the full press release
Posted in Energy, Gas & Oil, Financial, Germany, Industrial, Investment, Management, News
Tagged finacial, investment, Markus Krebber, renewable energy, RWE
(IN BRIEF) Suomen Lantakaasu Oy, a joint venture between Valio and St1, is making progress with the construction preparations for a biogas production plant in Kiuruvesi, Finland. The company has finalized the site location through consultations with residents and agreement … Read the full press release
(IN BRIEF) Renewable energy company Vestas has secured a significant order for a 50 MW wind project in northwest Spain. The order was placed by Sinia Renovables, the renewable investment division of Banc Sabadell. Vestas will provide 11 V136-4.5 MW … Read the full press release
(IN BRIEF) Romania is set to launch its inaugural auction for a contract-for-difference (CfD) support scheme to promote renewable energy. The scheme will provide backing for onshore wind power and solar photovoltaic projects with a combined capacity of 2,000 MW … Read the full press release
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