Monthly Archives: June 2023

Glencore Completes Sale of Cobar Copper Mine to Metals Acquisition Corp

(IN BRIEF) Glencore, a global mining and commodities trading company, has completed the sale of its 100% interest in Cobar Management Pty Ltd (CMPL), the owner of the Cobar copper mine in New South Wales, Australia, to Metals Acquisition Corp … Read the full press release

Global Solar Leader, Lightsource bp, Launches New Madrid Headquarters to Drive Renewable Energy Transition

(IN BRIEF) Lightsource bp, a global leader in solar energy projects, has opened its new headquarters in Madrid, Spain. The company has experienced significant growth in just four years and has established itself as a leader in the Spanish renewable … Read the full press release

Petrinja’s Sustainable Reconstruction: EBRD Presents Findings for Post-Earthquake Recovery

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has shared the initial findings of a study on the sustainable reconstruction of Petrinja, Croatia, following a devastating earthquake in 2020. The study, funded by the government of Japan, aims … Read the full press release

EIF Provides €50 Million Guarantees to illimity Bank for SME Financing in Italy

(IN BRIEF) The European Investment Fund (EIF) has provided two guarantees totaling €50 million to illimity Bank to improve financing access for small and medium-sized enterprises (SMEs) in Italy. The guarantees, backed by the InvestEU program, focus on supporting SMEs … Read the full press release

Spanish Social Impact Fund ‘IB Deuda Impacto España’ Receives €30 Million Investment from EIF

(IN BRIEF) The European Investment Fund (EIF) has committed €30 million as a cornerstone investment in the ‘IB Deuda Impacto España’ fund, which supports Spanish businesses investing in high social impact areas. MicroBank, CaixaBank’s social arm, has also contributed €10 … Read the full press release

EIB Secretary General Barbara Balke Receives Recognition as LGBTIQ Ally by LGBT Great

(IN BRIEF) Barbara Balke, Secretary General of the European Investment Bank (EIB), has been named one of the Top 50 Executive Allies by LGBT Great. The recognition honors leaders in finance and business who have used their influence to support … Read the full press release

Flexible Workspaces and Innovative Design: Lindner Group Enhances Berlin’s Alexanderplatz

(IN BRIEF) Lindner Group has completed a tenant fit-out and technical building infrastructure project at the Pressehaus Podium in Berlin’s Alexanderplatz district. The modern working environments cater to media professionals and offer flexible office spaces for dynamic companies. Lindner’s comprehensive … Read the full press release

Global Building Materials Company Holcim Enters Guatemalan Market with Acquisition of Minerales y Agregados

(IN BRIEF) Holcim, a global building materials company, has announced the acquisition of Minerales y Agregados, a leading provider of advanced mortars and adhesives in Guatemala. This marks Holcim’s entry into the Guatemalan market and expands its Solutions & Products … Read the full press release

Saint-Gobain to Acquire Hume Cemboard Industries, Cementing Position in Malaysian Construction Market

(IN BRIEF) Saint-Gobain, a global building materials company, has announced its plans to acquire Hume Cemboard Industries (HCBI), a leading manufacturer of cement boards in Malaysia. HCBI’s lightweight cement boards are widely used in various construction applications and offer significant … Read the full press release

Electricity Interconnection: VINCI Wins Contract for France-Spain Power Link

(IN BRIEF) VINCI, in collaboration with VINCI Energies, VINCI Construction, and Hitachi Energy, has been awarded a contract by Electricity Interconnection France-Spain (INELFE) to construct two ground stations for an electrical interconnection project between France and Spain. The stations will … Read the full press release

Live Entertainment Meets Media Giants: Banijay Set to Acquire Majority Stake in Balich Wonder Studio

(IN BRIEF) Banijay, a prominent content group, has announced plans to acquire a majority stake in Balich Wonder Studio, a leading live entertainment company. The deal aims to create a global media and entertainment powerhouse by combining the strengths of … Read the full press release

Automotive Technology Advancement: Continental’s Plug & Play Concept Empowers Vehicle Manufacturers with Flexible HPC Integration

(IN BRIEF) Continental has unveiled a new Plug & Play solution for integrating high-performance computers (HPC) into vehicles. The modular and scalable concept allows for easy replacement and upgrades of computing modules while the vehicle is in use. The system … Read the full press release

Southwest Scotland Harnesses Clean Energy from Vattenfall’s South Kyle Wind Farm

(IN BRIEF) Vattenfall has inaugurated the South Kyle Onshore Wind Farm in southwest Scotland, its largest onshore wind farm in the UK. Once fully operational, the wind farm will have a capacity of 240MW, equivalent to powering 187,000 homes annually. … Read the full press release

Barry Callebaut to Deliver Chocolate Innovations for Unilever’s Ice Cream Portfolio in Extended Supply Agreement

(IN BRIEF) Unilever and Barry Callebaut have extended their strategic supply agreement for cocoa and chocolate. Barry Callebaut will continue delivering chocolate innovations for Unilever’s ice cream products, driving long-term growth. The partnership also focuses on supporting Unilever in achieving … Read the full press release

Siemens Introduces Groundbreaking LV Insights X Software to Enhance Grid Capacity in Energy Networks

(IN BRIEF) Siemens has unveiled LV Insights X software, a pioneering solution for managing low-voltage grids. The software enables distribution grid operators to address the challenge of increasing grid capacity while accommodating the rise of decentralized renewable energy and additional … Read the full press release

CASA SEAT Celebrates Three Years as Barcelona’s Premier Venue for Art, Music, and Ideas

(IN BRIEF) CASA SEAT, a prominent cultural hub in Barcelona, celebrated its third anniversary with a special event attended by notable guests from various sectors. Over the past three years, CASA SEAT has hosted around 700 events, including exhibitions, concerts, … Read the full press release

TotalEnergies Joins NextDecade in Developing Rio Grande LNG Plant in Texas

(IN BRIEF) TotalEnergies has signed a framework agreement with NextDecade to participate in the development of the Rio Grande LNG project in South Texas. As per the agreement, TotalEnergies will hold a 16.7% interest in the first phase of the … Read the full press release

DNV Provides Safety Verification for Project Greensand’s Pioneering CO2 Storage Solution

(IN BRIEF) DNV has officially verified the safety of Project Greensand’s CO2 storage in the North Sea. Project Greensand is a pioneering initiative that demonstrates the transportation of CO2 across borders and offshore storage to mitigate climate change. The safety … Read the full press release

DNV Research Reveals Growing Importance of Solar-Plus-Storage in Global Energy Transition

(IN BRIEF) DNV’s research highlights that solar-plus-storage solutions are crucial for enhancing the efficiency and resilience of global energy networks, according to 92% of energy industry professionals. Solar-plus-storage, often referred to as the “power couple,” addresses the intermittency issues of … Read the full press release

Poland’s ORLEN VC Backs Circunomics to Drive Electric Vehicle Battery Sustainability

(IN BRIEF) ORLEN VC, the largest corporate venture capital fund in Poland owned by the ORLEN Group, has invested in Circunomics, a platform for battery reuse and recycling in electric vehicles. The investment aims to reduce the carbon footprint of … Read the full press release