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Search Results for: electricity
EIB Grants €50 Million to Upgrade Slovenia’s Electricity Grid, Boosting Renewable Energy and Grid Reliability
(IN BRIEF) The European Investment Bank (EIB) has provided a €50 million loan to Slovenia’s largest energy distribution company, Elektro Ljubljana, to expand and upgrade the electricity grid in the central and southeastern regions of the country. The project, which … Read the full press release
Posted in Banks, Energy, Gas & Oil, European Union, Financial, Infrastructure & Utilities, Slovenia
Tagged EIB, electric-vehicle charging stations, electrification, Elektro Ljubljana, energy distribution network, EU policy goals, European Investment Bank, financing, green transition, Grid Expansion, heat pumps, infrastructure upgrades, Kyriacos Kakouris, Ministry of the Environment Climate and Energy, net zero, Recovery and Resilience Plan, renewable energy, REPowerEU initiative, Slovenia, smart meters, social and territorial cohesion, sustainable development, Tina Seršen, Urban Likozar, €50 million loan
Iberdrola Acquires Majority Stake in Electricity North West, Enhancing Commitment to UK Market
(IN BRIEF) Iberdrola has acquired an 88% stake in Electricity North West (ENW) in the UK for £2.1 billion (€2.5 billion), reinforcing its commitment to investing in strong credit-rated countries. This acquisition makes the UK Iberdrola’s leading market by regulated … Read the full press release
EIB and Iren Group Secure €200 Million for Modernizing Italy’s Electricity Infrastructure
(IN BRIEF) The European Investment Bank (EIB) and the Iren Group have signed a €200 million financing agreement to enhance electricity infrastructure in Parma, Turin, and Vercelli. The project focuses on increasing grid resilience, digitizing services, and improving electricity consumption … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Luxembourg, Management, News
Tagged EIB, electricity infrastructure, Iren Group, Italy, Modernizing, partnership, sustainability
Sweden’s Forsmark and Ringhals Nuclear Plants Extend Reactor Lifespan to Boost Fossil-Free Electricity Supply
(IN BRIEF) The owners of Sweden’s Forsmark and Ringhals nuclear power plants have decided to extend the operational life of their reactors from 60 to 80 years. This initiative aims to increase the production of fossil-free electricity into the 2060s, … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden
Tagged Björn Linde, Forsmark and Ringhals Nuclear Plants, fossil-free electricity, partnership, sustainability, Sweden, Torbjörn Wahlborg, Vattenfall
VELUX Group Achieves 100% Renewable Electricity Goal with Completion of Agri-PV Solar Park in Spain
(IN BRIEF) The VELUX Group celebrates the completion and full operation of a 54 MWp photovoltaic (PV) solar park in Alhendín, Spain, developed by BayWa r.e. under a Power Purchase Agreement (PPA). This innovative Agri-PV installation combines renewable energy generation … Read the full press release
Posted in Agriculture, Business, Denmark, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Spain, Technology
Tagged Agri-PV Solar Park, Daniel Gäfke, Kim Jonas, partnership, renewable electricity, Spain, sustainability, VELUX Group
Lazio Region and Terna Forge Partnership to Enhance Electricity Infrastructure and Renewable Energy Development
(IN BRIEF) The Lazio Region and Terna, led by Giuseppina Di Foggia, have signed a memorandum of understanding aimed at improving the planning and implementation of new electricity infrastructure while aligning with Italy’s regional environmental energy plan. The agreement involves … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Technology
Tagged electricity infrastructure, Elena Palazzo, Enrico Maria Carlini, Giuseppina Di Foggia, Lazio Region, partnership, renewable energy, sustainability, Terna
VELUX Achieves 100% Renewable Electricity and Significant Emission Reductions in 2023 Sustainability Report
(IN BRIEF) In their recently launched 2023 Sustainability Report, VELUX showcased remarkable progress in reducing emissions and advancing sustainability initiatives. By securing 100% documented renewable electricity and cutting emissions from their own operations by 16% compared to 2022, VELUX is … Read the full press release
ENTSO-E Optimistic as EU-Switzerland Electricity Agreement Talks Commence
(IN BRIEF) The European Network of Transmission System Operators for Electricity (ENTSO-E) expresses optimism as discussions between the European Union and Switzerland commence regarding an electricity agreement, emphasizing its critical importance for the secure and efficient operation of the European … Read the full press release
Posted in Belgium, Business, Energy, Gas & Oil, Environment, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Switzerland
Tagged electricity, ENTSO-E, EU, partnership, sustainability, Switzerland
Terna Initiates €38 Million Project to Enhance Electricity Grid in Caserta and Naples
(IN BRIEF) Terna, under the leadership of Giuseppina Di Foggia, embarks on a significant project to revamp the electricity grid in certain areas of Caserta and Naples, with an investment exceeding 38 million euros. The initiative aims to diminish the … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News
Tagged Caserta, electricity grid, Giuseppina Di Foggia, Naples, partnership, sustainability, Terna
European Union Celebrates Second Anniversary of Ukraine-Moldova Electricity Grid Synchronisation Amidst Ongoing Support
(IN BRIEF) Today marks the second anniversary of the synchronisation of Ukraine’s and Moldova’s electricity grids with the Continental European Network, a critical achievement in light of concerns over energy security following Russia’s invasion of Ukraine in 2022. Completed in … Read the full press release
Posted in Belgium, Business, Energy, Gas & Oil, Environment, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Moldova, News, Ukraine
Tagged EENTSO-E, electricity grid, European Union, Kadri Simson, MOLDOVA, partnership, Second Anniversary, sustainability, Synchronisation, UKRAINE, Volodymyr Kudrytskyi, Zbyněk Boldiš
Terna Invests €45 Million in Upgrading Sardinia’s Electricity Grid
(IN BRIEF) Terna, under the leadership of Giuseppina Di Foggia, is set to invest approximately 45 million euros in enhancing the resilience, reliability, and sustainability of the electricity grid in the Alghero and Putifigari municipalities of Sassari province, Sardinia. The … Read the full press release
AFRY Management Consulting Report Highlights Challenges of EU Carbon Border Adjustment Mechanism for Electricity Imports from Great Britain
(IN BRIEF) A new report from AFRY Management Consulting commissioned by interconnector businesses and transmission companies sheds light on the potential impact of the EU Carbon Border Adjustment Mechanism (CBAM) on electricity imports from Great Britain (GB). The study identifies … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, United Kingdom
Tagged AFRY, Asimina Karakyriakou, challenges, Electricity Imports, EU Carbon Border Adjustment Mechanism, Great Britain, partnership, Simon Bradbury, sustainability
NIB Signs Loan Agreement with Arva AS to Enhance Northern Norway’s Electricity Distribution Network
(IN BRIEF) The Nordic Investment Bank (NIB) has entered a 7-year loan agreement with Arva AS, a Norwegian distribution grid operator, to bolster the efficiency and resilience of the electricity distribution network in Northern Norway. Valued at NOK 500 million … Read the full press release
Posted in Banks, Energy, Gas & Oil, Financial, Finland, Industrial, Infrastructure & Utilities, Investment, Norway
Tagged Arctic Norway, Arild Moen, Arva AS, Bodø Energi, charging infrastructure, credit rating, economic growth, Electricity distribution network, Electrification of society, financial institution, Grid efficiency, Grid resiliency, Infrastructure refurbishment, Investment programme, Moody’s, NIB, Nordic Investment Bank, Patrik Marckert, power lines, Public sector financing, Standard & Poor's, Sub-stations, Troms Kraft
thyssenkrupp Steel Partners with RWE to Power Direct Reduction Plant with Green Electricity
(IN BRIEF) thyssenkrupp Steel and RWE have entered into a significant long-term Power Purchase Agreement (PPA) to supply green electricity to the first direct reduction plant at the Duisburg location, marking a pivotal step in the tkH2Steel transformation project. The … Read the full press release
EBRD Provides $100 Million Loan to Enerjisa for Earthquake-Hit Electricity Network Reconstruction in Turkey
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending a loan of up to $100 million to Enerjisa Enerji A.S. in Turkey to support the modernization and reconstruction of the electricity distribution network in the earthquake-affected Toroslar … Read the full press release
Posted in Banks, Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Turkey, United Kingdom
Tagged Aida Sitdikova, earthquake, EBRD, Electricity Network Reconstruction, Enerjisa Enerji, partnership, Philipp Ulbrich, sustainability, Turkey
EIB Approves PLN 2 Billion for ENEA’s Electricity Grid Modernization in Poland, Boosting Sustainability and Energy Reliability
(IN BRIEF) The European Investment Bank (EIB) has given its approval for a second loan tranche of PLN 1 billion to ENEA to support the modernization and renovation of the electricity distribution network in western Poland. This follows the first … Read the full press release
Terna to Inform Citizens of Ferrara About Electricity Grid Restructuring Project
(IN BRIEF) On January 24th, Terna will host an information session at the Giorgio Bassani Library in Ferrara to present the upcoming restructuring of the city’s electricity grid. The project involves replacing overhead lines with underground cables, constructing a new … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, Media, News
Tagged Electricity Grid Restructuring Project, Ferrara, Terna
RWE’s Agrivoltaics Plant in Germany Begins Green Electricity Supply
(IN BRIEF) RWE’s agrivoltaics (Agri-PV) plant in Germany, which integrates power generation and agriculture, has commenced the supply of green electricity to the grid after a rapid five-month construction period. Located on approximately seven hectares of recultivated land near the … Read the full press release
EIB Grants €500 Million Loan to Enexis for Dutch Electricity Grid Expansion
(IN BRIEF) The European Investment Bank (EIB) has provided a €500 million loan to Dutch distribution system operator (DSO) Enexis to fund its electricity network expansion efforts in the Netherlands. Enexis plans to upgrade and expand its infrastructure, encompassing medium-voltage … Read the full press release
Arkema Secures 20-Year Solar Energy Contract with EDF Renewables for 70% of Bostik’s Electricity Needs
(IN BRIEF) Arkema has entered into a 20-year contract with EDF Renewables to supply 20 GWh/year of renewable electricity, beginning in 2026. This partnership will cover 70% of Bostik’s electricity consumption across its eight sites in France. The move towards … Read the full press release
AFRY Secures Framework Agreement to Enhance Sweden’s Electricity Distribution Network for Renewable Energy Integration
(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
Green Electricity Deal: Iberdrola and TMD Friction Services Join Forces
(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
Terna Modernizes Naples Metropolitan Area’s Electricity Grid with Sustainable Technology
(IN BRIEF) Terna, Italy’s national grid operator, is continuing its modernization efforts for the electricity grid in the metropolitan area of Naples. This phase involves replacing a 5 km underground cable with a more reliable and sustainable XLPE (cross-linked polyethylene) … Read the full press release
Terna and Autonomous Province of Bolzano Sign Agreement for Eisack Valley Electricity Grid Restructuring
(IN BRIEF) Terna, in collaboration with the Autonomous Province of Bolzano, has signed an agreement to facilitate the restructuring of the electricity grid in the Eisack Valley. The project, with an investment of 300 million euros, involves the demolition of … Read the full press release
Posted in Business, Energy, Gas & Oil, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News
Tagged Arno Kompatscher, Bolzano, Eisack Valley, electricity grid, Enrico Maria Carlini, Ferdinando Stablum, Flavio Ruffini, Giuliano Vettorato, partnership, restructuring, sustainability, Terna, Walter Baumgartner
BASF Secures Renewable Electricity Supply for Zhanjiang Site Through 25-Year Agreement with SPIC
(IN BRIEF) BASF has signed a 25-year power purchase agreement (PPA) with the State Power Investment Corporation (SPIC) to buy renewable electricity for its Zhanjiang Verbund site in Guangdong province, China. This PPA is part of BASF’s commitment to securing … Read the full press release
European Industry Leaders Gather to Accelerate Electricity Grid Development for Energy Transition
(IN BRIEF) Over 200 European industry leaders convened at the ENTSO-E High-Level Forum on Future of Our Grids in Brussels to discuss the challenges and opportunities for accelerating the development of electricity grids necessary for Europe’s energy transition. The forum, … Read the full press release
Europe’s Electricity Grids Face Crucial Upgrade to Accommodate Renewable Energy Surge
(IN BRIEF) The “Future of our grids” conference in Brussels is addressing the need to accelerate the development of electricity grids in Europe to accommodate the rapid growth of renewable energy sources like wind and solar. Current grid infrastructure struggles … Read the full press release
RWE Initiates Green Electricity Advancement with Hambach Lignite Opencast Solar Project
(IN BRIEF) RWE is making substantial progress in green electricity production with a new venture at the Hambach lignite opencast mine. They’re constructing a photovoltaic plant integrated with a battery storage system. About 22,000 solar modules will be installed, capable … Read the full press release
Posted in Business, Energy, Gas & Oil, Germany, Industrial, Infrastructure & Utilities, Technology
Tagged battery storage system, green electricity production, Hambach lignite opencast mine, Katja Wünschel, Lars Kulik, Neuland Hambach GmbH, photovoltaics plant, Rhenish mining district, RWE, RWE Neuland Solar Farm
Italy and Tunisia Move Closer to Europe-Africa Electricity Connection with €307 Million Loan Agreement
(IN BRIEF) Terna, the Italian electricity grid operator, and Steg, the Tunisian electricity and gas operator, have signed a Grant Agreement with the European Commission for a €307 million loan to support the “Elmed” project. This initiative aims to establish … Read the full press release
Posted in Business, Energy, Gas & Oil, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News
Tagged "Elmed" project, Africa, Electricity Connection, Europe, Giuseppina Di Foggia, Italy, partnership, Steg, Terna, Tunisia
Terna Completes Aerial Monitoring of Electricity Grid in Abruzzo Using Helicopters and Infrared Technology
(IN BRIEF) Terna, the company managing the national transmission grid, has completed aerial monitoring activities of the electricity grid in Abruzzo using helicopters from its fleet. The inspections covered approximately 2160 km of overhead lines, ensuring total efficiency of the … Read the full press release
Terna Invests €19 Million in Underground Cable Project for Electricity Grid Upgrade in Frosinone
(IN BRIEF) Terna, an Italian company specializing in electricity transmission, is investing more than €19 million in a project to create a new underground cable and overhead power lines in the province of Frosinone. The project, authorized by the Italian … Read the full press release
Italy’s Electricity Demand Declines in June, Renewables Cover 44.3% of Total Demand
(IN BRIEF) In Italy, the demand for electricity in June decreased by 9.2% compared to the same period in 2022, reaching 25.4 billion kWh. Renewable sources covered 44.3% of the demand, with hydroelectric production experiencing a recovery of 44% compared … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Italy, Management, News
Tagged demand, electricity, Italy, renewable energy, Terna
The European Parliament’s Energy Committee Backs Reforms for Stable and Affordable Electricity Prices in the EU
(IN BRIEF) The Energy Committee has backed reforms to create a more affordable and consumer-friendly electricity market. The proposed changes aim to enhance consumer protection against volatile prices, encourage energy investments, and provide safeguards for vulnerable households. The amendments include … Read the full press release
RWE to Build Over 30MW Wind Farm in Hesse, Germany, Generating Green Electricity for Thousands of Homes
(IN BRIEF) RWE Renewables Europe & Australia GmbH has won a tender to develop a wind farm in the state of Hesse, Germany. The planned wind farm, with a capacity of over 30 megawatts, will be located in the municipality … Read the full press release
Posted in Energy, Gas & Oil, Environment, Germany
Tagged Katja Wünschel, renewable energy, RWE, RWE Renewables Europe & Australia, tender, wind farm
Terna and University of Salerno Introduce Second Edition of Tyrrhenian Lab Master’s Degree for Digitalization of Electricity System
(IN BRIEF) Terna, the company managing the national transmission grid in Italy, has presented the second edition of the 2nd-level Master’s Degree in “Digitalisation of the electricity system for the energy transition” as part of the Tyrrhenian Lab project in … 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
Posted in Business, Construction, Energy, Gas & Oil, France, Industrial, Infrastructure & Utilities, Spain
Tagged Electrical energy, electrical interconnection, electricity grids, Electricity Interconnection France-Spain, energy exchange, France, Hitachi Energy, HVDC, INELFE, Red Eléctrica, RTE, Spain, VINCI, VINCI Construction, VINCI Energies
Volvo Group Partners with Vattenfall for Renewable Electricity Supply from Bruzaholm Wind Park
(IN BRIEF) Volvo Group has entered a long-term agreement with Vattenfall, Sweden’s largest renewable electricity producer, to purchase 50% of the renewable electricity generated at the Bruzaholm wind park over a 10-year period. The partnership is part of Volvo Group’s … Read the full press release
Eni’s Plenitude and CDP Equity commit to decarbonisation of Italy’s electricity sector through GreenIT investment
(IN BRIEF) GreenIT, the Italian joint venture between Plenitude (Eni) and CDP Equity (CDP Group), which produces electricity from renewable sources, has approved a new business plan for 2023-2027. The plan includes a total investment of €1.7 billion ($2 billion) … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Investment, Management, News, Technology
Tagged CDP Equity, decarbonisation, electricity, Eni, Esedra Chiacchella, Francesco Mele, GreenIT, Italy, Paolo Bellucci, Plenitude, Stefano Goberti
Gasum Launches New Strategy to Focus on Renewable Gas and Electricity
(IN BRIEF) Gasum, a Nordic energy company, aims to shift its business and operations towards renewable gas and electricity, setting new sustainability goals as part of its strategy. The company’s ambition is to bring seven terawatt hours (TWh) of renewable … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Finland, Management, News
Tagged biogas, electricity, Gasum, Mika Wiljanen, renewable gas, sustainability
Kuehne+Nagel Achieves 100% Renewable Electricity in Global Contract Logistics Warehouses
(IN BRIEF) Kuehne+Nagel has published its seventh Sustainability Report, detailing the Group’s ESG performance in 2022 and its commitment to sustainable practices. Among the highlights, the company invested in maritime biofuels and sustainable aviation fuels to reduce Scope 3 emissions, … Read the full press release
Posted in Energy, Gas & Oil, Environment, Industrial, Management, Switzerland, Transportation & Logistics
Tagged contract logistics, Dr. Marc Pfeffer, electric vehicles, ESG, EV, Kuehne+Nagel, maritime biofuels, Photovoltaic Systems, renewable electricity, Renewable Energy Certificates, SAF, supply chains, Sustainability Report, Sustainable Aviation Fuels, The Conservation Fund, timberland, warehouses