(IN BRIEF) RWE has been granted awards by the German Federal Network Agency for two wind farm sites, N-3.6 and N-3.5, within the Nordseecluster B in the German North Sea. The company intends to develop, build, and operate two wind … Read the full press release
(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) Terna, the operator of the Italian National Transmission Grid, is utilizing its digital technology for the “Driving Energy Award 2023 – Contemporary Photography,” a competition aimed at promoting Italy’s energy culture and supporting artists in the sector. The … Read the full press release
(IN BRIEF) Ridzuan A-Rasid, a Doctoral Researcher at Loughborough University, has been selected as one of the six finalists in the 2023 Vitae Three Minute Thesis (3MT®) competition. The competition, developed by the University of Queensland, challenges participants to explain … Read the full press release
(IN BRIEF) Hexagon’s Safety, Infrastructure & Geospatial division has appointed Mattias Tidebrink as the head of its Asia Pacific (APAC) region. In this role, Tidebrink will lead the strategic direction for the region, focusing on growth and profitability. Hexagon has … Read the full press release
(IN BRIEF) Latvenergo AS, the largest energy utility in the Baltic States, has awarded BLIX, part of AFRY, as the Owner’s Engineer for multiple large-scale onshore wind projects in the Baltics over a five-year period. The projects align with Latvenergo’s … Read the full press release
(IN BRIEF) UBS Group AG has voluntarily terminated its CHF 9 billion Loss Protection Agreement (LPA) with the Swiss government, covering potential losses from Credit Suisse non-core assets, after a thorough evaluation of the assets and stress loss scenarios. Additionally, … Read the full press release
Posted in Banks, Financial, Government, Investment, Management, News, Switzerland
Tagged Credit Suisse, Financial, liquidity, Loss Protection Agreement, Swiss Government, UBS
(IN BRIEF) ORLEN’s Supervisory Board has given a conditional investment approval for the Baltic Power offshore wind farm, allowing the design phase to be finalized. ORLEN and Northland Power’s joint investment represents the most advanced offshore wind project in Poland. … Read the full press release
Posted in Business, Energy, Gas & Oil, Financial, Industrial, Investment, Management, News, Poland
Tagged Baltic Power Project, Daniel Obajtek, investment, Offshore wind, ORLEN, partnership, Poland
(IN BRIEF) TenneT, a system operator, has signed a multi-year Corporate Framework Agreement with eight contract partners to supply and install onshore high-voltage AC cables (ranging from 110 kV to 380 kV) for high-voltage connections in Germany and the Netherlands. … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Management, Netherlands, News
Tagged Europe, High-Voltage Grid Expansion, partnership, Sjouke Bootsma, Tennet
(IN BRIEF) DHL Global Forwarding has announced changes in its global leadership team. Thomas Mack, the current Executive Vice President Air Freight, will transition into a Senior Advisor role and continue reporting to CEO Tim Scharwath. After a transition period, … Read the full press release
Posted in Business, Germany, Industrial, Management, News, Transportation & Logistics
Tagged appointment, DHL Global Forwarding, leadership, Max Sauberschwarz, Thomas Mack, Tim Scharwath, transition
(IN BRIEF) Initial global research findings by the International Olympic Committee (IOC) and Allianz reveal that 72% of young people consider playing sports important, while over 90% of parents recognize the physical and mental health benefits of sports participation for … Read the full press release
(IN BRIEF) The exhibition ‘Flashes of Memory. Photography during the Holocaust,’ originally scheduled to run from March 24 to August 20, 2023, at the ‘Museum für Fotografie’ in Berlin, will be extended to January 28, 2024, due to overwhelming visitor … Read the full press release
Posted in Art & Culture, Automotive, Business, Education, Germany, Industrial, Management, Media, News
Tagged 'Flashes of Memory, Benita von Maltzahn, Berlin, educational, exhibition, Holocaust, partnership, photography, Volkswagen Group, Yad Vashem
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has initiated a strategic partnership with Ukraine’s PrivatBank by issuing a €60 million risk-sharing instrument to facilitate €240 million in newly originated loans for critical industries, particularly agribusiness. PrivatBank, a … Read the full press release
Posted in Agriculture, Banks, Business, Economy, Financial, Industrial, Investment, Management, News, Small Business, United Kingdom
Tagged agribusiness, Critical Industries, EBRD, MSMEs, partnership, PrivatBank, sustainability, Ukrainian
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is offering a financial package to Ukraine’s Bank Lviv, consisting of a local-currency loan equivalent to €15 million and a €7.5 million risk-sharing instrument. This package will facilitate €30 million … Read the full press release
Posted in Banks, Financial, Industrial, Investment, Management, News, Small Business, United Kingdom
Tagged aid, Bank Lviv, EBRD, Financial Package, Micro Small and Medium-Sized Enterprises (MSMEs), UKRAINE
(IN BRIEF) Windar Renovables has secured a contract with Iberdrola to manufacture 21 transition pieces for the Windanker offshore wind farm in German waters. The transition pieces will be produced at Windar Renovables’ Avilés facilities, with collaboration from Spanish suppliers. … Read the full press release
(IN BRIEF) Despite a challenging business environment, thyssenkrupp reported a robust performance in the 3rd quarter of the 2022/2023 fiscal year. Order intake of €9.4 billion and sales of €9.6 billion were lower than the prior year due to normalization … Read the full press release
Posted in Business, Financial, Germany, Industrial, Management, Metals and Minerals, News
Tagged Dr. Klaus Keysberg, Financial, Miguel López, ThyssenKrupp
(IN BRIEF) Continental Specialty Tires has been awarded the “Vendor of the Year” accolade by Mitsubishi Logisnext Americas (MLA) for the third consecutive year. The award recognizes Continental’s exceptional commitment and operational support through MLA’s aftermarket program, Rapidparts, in the … Read the full press release
(IN BRIEF) Yara, an international agricultural company, has announced executive appointments to its leadership team. Magnus Krogh Ankarstrand has been named EVP Corporate Development. Ankarstrand, who previously held roles as CEO of Yara Clean Ammonia, SVP Yara North America, and … Read the full press release
Posted in Agriculture, Business, Chemicals, Industrial, Management, News, Norway
Tagged appointments, Jorge Noval, leadership, Magnus Krogh Ankarstrand, Svein Tore Holsether, Yara
(IN BRIEF) Yara Germany, the Bindewald & Gutting Milling Group, and Harry-Brot have formed a partnership to decarbonize cereal cultivation in Germany by using green fertilizers produced with renewable energy sources. Norwegian ammonia generated through hydropower will be processed into … Read the full press release
(IN BRIEF) ENGIE Brasil Energia has awarded a contract to international technology group ANDRITZ for the modernization of the Jaguara hydropower plant in Brazil. The 424 MW plant, operating since 1971, will have its four Francis turbine generator units, governors, … Read the full press release
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