Daily Archives: 12, August 2023

RWE Gains Approval for 900 MW Offshore Wind Farms in German North Sea to Drive Green Energy Expansion

(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

RWE Reports €9 Billion Investment Surge and Robust Earnings in First Half of 2023, Driven by Renewable Energy Expansion

(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

Terna’s ‘Driving Energy Award 2023’ Utilizes Innovative Technology for Immersive Art Experience

(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

Loughborough Doctoral Researcher Reaches National Final of Prestigious Three Minute Thesis Competition

(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

Hexagon Appoints Mattias Tidebrink to Lead Asia Pacific Region for Safety and Geospatial Solutions

(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

Latvenergo Selects BLIX, AFRY’s Subsidiary, to Drive Large-Scale Onshore Wind Projects in Baltic States

(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

UBS Ends Loss Protection Agreement and Liquidity Backstop with Swiss Government in Credit Suisse Rescue Effort

(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

ORLEN Advances Poland’s Offshore Wind Sector with Conditional Investment Approval for Baltic Power Project

(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

TenneT Partners with Eight Firms to Accelerate High-Voltage Grid Expansion Across Europe

(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

DHL Global Forwarding Announces Leadership Transition: Max Sauberschwarz to Succeed Thomas Mack as EVP Air Freight

(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

Young People Recognize Importance of Sports, but Face Barriers Due to Global Issues, Reveals IOC and Allianz Research

(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

Exhibition ‘Flashes of Memory. Photography during the Holocaust’ Extended in Berlin with Volkswagen Group’s Continued Educational Partnership

(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

EBRD Partners with PrivatBank to Provide €60 Million Risk-Sharing Instrument for Ukrainian Agribusiness and Critical Industries

(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

EBRD Backs Ukraine’s Bank Lviv with Financial Package to Aid Micro, Small, and Medium-Sized Enterprises

(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

Windar Renovables to Manufacture 21 Transition Pieces for Iberdrola’s Windanker Offshore Wind Farm

(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

thyssenkrupp Sustains Resilient Performance Amidst Challenges in Q3 2022/2023; Refines Fiscal Year Forecast

(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

Continental Specialty Tires Secures Third Consecutive ‘Vendor of the Year’ Award from Mitsubishi Logisnext Americas

(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

Yara Strengthens Leadership Team with Executive Appointments to Drive Strategic Initiatives

(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

Yara, Bindewald & Gutting, and Harry-Brot Collaborate to Decarbonize German Cereal Cultivation with Green Fertilizers

(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

ANDRITZ Chosen for Major Modernization Project at ENGIE’s Brazilian Hydropower Plant

(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