Search Results for: renewable energy

EIB and Groupe BPCE Expand Partnership to Provide Over €1 Billion for French SMEs’ Innovation and Renewable Energy Projects

Posted on 17, October 2024 by

(IN BRIEF) The EIB Group, comprising the European Investment Bank (EIB) and the European Investment Fund (EIF), has teamed up with Groupe BPCE to support small businesses and mid-caps in France. They signed two financing agreements exceeding €1 billion to … Read the full press release →

Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Technology

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Hydro Secures 8-Year Renewable Energy Deal to Power Low-Carbon Aluminium Production

Posted on 16, October 2024 by

(IN BRIEF) Hydro Energi AS has signed a long-term power purchase agreement (PPA) with Skellefteå Kraft AB to supply 2 TWh of renewable energy to Hydro’s Norwegian aluminium plants from 2025 to 2032. This agreement supports Hydro’s efforts to produce … Read the full press release →

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ENGIE Acquires First Biomethane Plant in Belgium to Boost Renewable Energy Production

Posted on 16, October 2024 by

(IN BRIEF) ENGIE has expanded its biomethane production in Europe by acquiring its first facility in Belgium, located in Bree. The plant, operational since 2013, will be converted to biomethane production by October 2024, with a capacity of 68 GWh … Read the full press release →

Posted in Belgium, Business, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News

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EIB and Intesa Sanpaolo Unveil €8 Billion Wind Energy Investment Initiative to Boost European Renewable Energy Sector

Posted on 11, October 2024 by

(IN BRIEF) The EIB and Intesa Sanpaolo have partnered to drive up to €8 billion in investment for Europe’s wind energy sector, leveraging a €500 million EIB counter-guarantee to enable Intesa Sanpaolo to create €1 billion worth of bank guarantees. … Read the full press release →

Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Luxembourg, Management, News

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EIB Global and Enel Colombia Partner to Boost Renewable Energy and Grid Infrastructure with $300 Million Loan

Posted on 11, October 2024 by

(IN BRIEF) EIB Global, a division of the European Investment Bank, has provided Enel Colombia with a $300 million loan to support the development of renewable energy projects and upgrades to the company’s power distribution infrastructure. This loan, backed by … Read the full press release →

Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Luxembourg, Management, News

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TotalEnergies and Saint-Gobain Forge Renewable Energy Partnership to Drive Decarbonization in French Industry

Posted on 9, October 2024 by

(IN BRIEF) TotalEnergies has signed a Power Purchase Agreement (PPA) with Saint-Gobain to supply renewable electricity to its facilities in France, starting in January 2026. This contract will provide 875 GWh of renewable energy over five years, sourced from TotalEnergies’ … Read the full press release →

Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology

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Plenitude Launches Numancia Wind Plant in Soria, Spain, Boosting Renewable Energy Capacity to 440 MW

Posted on 9, October 2024 by

(IN BRIEF) Plenitude has officially launched the Numancia wind plant in Soria, Spain, consisting of two adjacent wind farms that will generate approximately 31 GWh of electricity annually, sufficient to power over 9,500 households. With this project, Plenitude’s total installed … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Spain

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DNV and Atlas Renewable Energy Secure Funding for Major Battery Storage Project to Enhance Chile’s Green Energy Transition

Posted on 8, October 2024 by

(IN BRIEF) DNV has collaborated with Atlas Renewable Energy to secure $289 million in financing for its first standalone Battery Energy Storage System (BESS) project in Chile. The funding, obtained through senior loans and credit lines from BNP Paribas and … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway

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Sweco to Design Major Energy Storage Hub in Belgium, Boosting Renewable Energy Resilience

Posted on 7, October 2024 by

(IN BRIEF) Sweco has been tasked with designing the Green Turtle battery energy storage system for GIGA Storage Belgium, one of the largest in continental Europe. With a capacity of 2,800 MWh, this facility will store surplus renewable energy, such … Read the full press release →

Posted in Belgium, Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology

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Vattenfall Sets the Standard for Sustainability in Renewable Energy with New Leadership Recognition

Posted on 4, October 2024 by

(IN BRIEF) Vattenfall has been recognized as a leader in sustainability within the renewable energy sector following an independent assessment under the International Responsible Business Conduct (IRBC) Agreement. This agreement unites various stakeholders, including businesses, trade unions, and civil society … Read the full press release →

Posted in Awards, Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology

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EBRD Invests €100 Million in Green Genius to Propel Renewable Energy Growth in Europe

Posted on 3, October 2024 by

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has announced a €100 million investment in Green Genius, a renewable energy developer, positioning itself as a minority shareholder upon receiving necessary regulatory approvals. This funding will support Green Genius’s … Read the full press release →

Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Lithuania, Management, News, United Kingdom

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Renewable Energy Veteran Heiko Wuttke to Lead PNE AG as New CEO Starting January 2025

Posted on 20, September 2024 by

(IN BRIEF) PNE AG has appointed Heiko Wuttke as its new CEO, effective 13 January 2025. Wuttke, with nearly 30 years of experience in renewable energy, will replace Markus Lesser, who stepped down in July 2024. Interim CEO Per Hornung … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Germany, Industrial, Management, News

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€97 Million Investment to Boost Sicily’s Renewable Energy with New Wind Farm

Posted on 17, September 2024 by

(IN BRIEF) The European Investment Bank (EIB) and Natixis CIB are providing €97 million in financing to Libeccio S.r.l. for a new wind farm in Mazara del Vallo, Sicily. With a capacity of 44.8 MW, the wind farm will provide … Read the full press release →

Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News

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Kaunas Secures €35 Million EIB Loan to Upgrade Heating System and Boost Renewable Energy

Posted on 17, September 2024 by

(IN BRIEF) Kaunas, Lithuania’s second-largest city, will modernize its district heating system using a €35 million loan from the European Investment Bank (EIB), supported by the European Commission’s InvestEU program. The project, led by utility company Kauno Energija, will upgrade … Read the full press release →

Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Lithuania, Luxembourg, Management, News, Technology

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EBRD Supports Türkiye’s Renewable Energy Expansion with $60 Million Loan to Borusan EnBW Enerji

Posted on 9, September 2024 by

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided a $60 million loan to Borusan EnBW Enerji to support the development of 116 MW of onshore wind-energy capacity in Türkiye’s Sivas and Tekirdağ provinces. This investment is … Read the full press release →

Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Turkey, United Kingdom

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Vattenfall Wins UK Contracts to Boost Renewable Energy with 100 MW Wind and Solar Projects

Posted on 5, September 2024 by

(IN BRIEF) On September 4, 2024, Vattenfall announced it has secured Contracts for Difference (CfD) for two significant renewable energy projects in the UK. The Clashindarroch II onshore wind farm and the Kemberton solar farm will collectively add 100 MW … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, United Kingdom

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Evonik Switches to 100% Renewable Energy for ROHACELL® Foam Production, Cutting 3,400 Tons of CO2 Annually

Posted on 4, September 2024 by

(IN BRIEF) Evonik has upgraded the production of its ROHACELL® high-performance foams at the Darmstadt site to use 100% renewable energy. This transition is expected to reduce the company’s CO2 emissions by 3,400 metric tons annually. The move is part … Read the full press release →

Posted in Business, Chemicals, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, Technology

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EIB Grants €50 Million to Upgrade Slovenia’s Electricity Grid, Boosting Renewable Energy and Grid Reliability

Posted on 2, September 2024 by

(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

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DWS Strengthens Renewable Energy Portfolio with Swedish Onshore Wind Farm Acquisition

Posted on 29, August 2024 by

(IN BRIEF) DWS has expanded its European infrastructure investment portfolio by acquiring Heather Wind AB, an onshore wind farm in Sweden with a capacity of 48 MWp. This acquisition, part of DWS’s strategy to diversify its renewable energy assets, follows … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden

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CIMIC Group Secures Key Contracts in Australia and India, Expanding Renewable Energy and Real Estate Footprint

Posted on 27, August 2024 by

(IN BRIEF) CIMIC Group has secured two significant contracts: one in Australia to build the second phase of the Western Downs Battery in Queensland for Neoen, featuring a 270 MW / 540 MWh Battery Energy Storage System, and another in … Read the full press release →

Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Real Estate, Spain

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Energiekontor Secures New Wind Park Approvals, Expands Renewable Energy Portfolio in Europe

Posted on 24, August 2024 by

(IN BRIEF) Energiekontor AG has received building permits for three new wind parks in Lower Saxony, Germany, adding 116 megawatts to their renewable energy capacity. These projects, along with other wind and solar initiatives currently under development, are part of … Read the full press release →

Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, France, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom

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Leading Renewable Energy Partnership: Polat Enerji and ENERCON Expand Collaboration with New Wind Farm Projects

Posted on 23, August 2024 by

(IN BRIEF) Polat Enerji, a leading wind energy investor in Türkiye, has expanded its partnership with ENERCON by signing contracts to add 110.5 MW of capacity across three new wind farm projects. These projects, which include advanced wind turbines and … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Turkey

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Iberdrola’s Ekienea Solar Project Reaches Milestone in Basque Country’s Renewable Energy Efforts

Posted on 20, August 2024 by

(IN BRIEF) The Ekienea solar farm, the largest in the Basque Country, has achieved grid access, marking a significant milestone in the region’s renewable energy efforts. The 100 MW facility will nearly triple the Basque Country’s solar capacity, support local … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Spain

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Rostock’s Renewable Energy Boom: A Model for Economic Revival in Eastern Germany

Posted on 20, August 2024 by

(IN BRIEF) Rostock and Mecklenburg-Western Pomerania are experiencing an economic revival driven by the growth of renewable energy, particularly wind power. The region’s transformation is creating jobs, revitalizing the local economy, and positioning Rostock as a key player in Europe’s … Read the full press release →

Posted in Business, Economy, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News

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Avangrid and Statkraft Expand U.S. Renewable Energy Collaboration with New Pennsylvania Wind Farm Agreement

Posted on 16, August 2024 by

(IN BRIEF) Avangrid and Statkraft have signed a new Virtual Power Purchase Agreement (VPPA) for energy from the 35 MW Casselman wind farm in Pennsylvania, marking their second such deal in nine months. This agreement strengthens the partnership between the … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway

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ENGIE Achieves Financial Close on 250 MW Goorambat East Solar Farm, Paving the Way for Major Renewable Energy Expansion in Victoria

Posted on 16, August 2024 by

(IN BRIEF) ENGIE has reached Financial Close for the Goorambat East Solar Farm, a 250 MW renewable energy project in northern Victoria. With construction set to begin soon and completion expected by 2026, the solar farm will provide enough electricity … Read the full press release →

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RWE Secures Long-Term Solar Power Deals with Meta to Boost Renewable Energy Supply in the U.S.

Posted on 14, August 2024 by

(IN BRIEF) RWE has signed two long-term power purchase agreements (PPAs) with Meta to supply clean energy from two solar farms under construction in the U.S., with a combined capacity of 374 megawatts. These solar projects, located in Illinois and … Read the full press release →

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NatWest Executes £1.1 Billion Securitisation Deal to Boost Renewable Energy Lending

Posted on 14, August 2024 by

(IN BRIEF) NatWest has completed a £1.1 billion securitisation deal, backed by Nuveen Infrastructure and Christofferson Robb & Company, to increase its lending capacity in the renewable energy sector. The transaction, which provides credit protection for a portfolio of around … Read the full press release →

Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom

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ABL France Expands Operations with New Paris Office to Support Renewable Energy Growth

Posted on 7, August 2024 by

(IN BRIEF) ABL France has relocated to a new office in Paris at 21 Rue de la Fontaine au Roi. The move reflects the company’s growth and its commitment to the renewable energy, oil & gas, and maritime sectors. ABL … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom

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EBRD and Eiffel Investment Group Drive Renewable Energy Growth in Romania with €24.4 Million Solar Power Investment

Posted on 5, August 2024 by

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the Eiffel Investment Group are jointly providing €24.4 million for the construction of two solar power plants in Romania’s Dolj County. Each organization is contributing €12.2 million to the … Read the full press release →

Posted in Banks, Business, Construction, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Romania, United Kingdom

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ORLEN Wind 3 Acquires Major Renewable Energy Assets from EDP Renewables Polska

Posted on 2, August 2024 by

(IN BRIEF) ORLEN Wind 3, a subsidiary of the ORLEN Group, has signed a preliminary agreement to acquire two solar PV farms and a wind farm from EDP Renewables Polska for approximately PLN 1.15 billion. This acquisition, one of the … Read the full press release →

Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Poland

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Lightsource bp Harnesses AI to Revolutionize Renewable Energy Solutions

Posted on 29, June 2024 by

(IN BRIEF) AI is crucial in scaling up the renewable energy industry, with Lightsource bp leveraging AI to address challenges like grid stability and asset protection. AI supports accurate forecasting, risk mitigation from extreme weather, and optimized site design. Lightsource … Read the full press release →

Posted in Artificial Intelligence (AI), Business, Energy, Gas & Oil, Financial, Industrial, Investment, Management, News, Technology, United Kingdom

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Dispatch, Eneco Collaborate on Groundbreaking Battery Energy Storage System for Renewable Energy in Dordrecht, Netherlands

Posted on 12, June 2024 by

(IN BRIEF) Dutch battery developer Dispatch is embarking on a groundbreaking project to construct the Netherlands’ largest stand-alone Battery Energy Storage System (BESS) in Dordrecht. This 45MW/90MWh utility-scale BESS aims to store surplus energy from renewable sources for grid stabilization, … Read the full press release →

Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Netherlands, News, Technology

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Chile’s Renewable Energy Boost: PowerTree Selects AFRY for Solar Portfolio Engineering

Posted on 6, June 2024 by

(IN BRIEF) PowerTree, a global renewable energy company, has partnered with AFRY to construct a 45MW solar portfolio in Chile, aiming to integrate clean energy into the national grid. As an Independent Power Producer (IPP), PowerTree specializes in solar development … Read the full press release →

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ANDRITZ Plays Key Role in Expanding Türkiye’s Renewable Energy Infrastructure with Silvan Hydropower Plant

Posted on 6, June 2024 by

(IN BRIEF) The Turkish water authority, Devlet Su İşleri (DSI), has chosen international technology group ANDRITZ to provide electro-mechanical equipment for the new 160 MW Silvan hydropower plant in Türkiye. ANDRITZ will supply turbines, generators, and associated equipment for the … Read the full press release →

Posted in Austria, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Turkey

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Hydro Extrusion Sweden Launches Onsite Renewable Energy Production for Zero Emissions

Posted on 30, May 2024 by

(IN BRIEF) Hydro Extrusion in Sweden takes a significant step towards achieving zero emissions by initiating onsite production of renewable energy. The company, through its renewable energy subsidiary Hydro Rein, completes phase one of the project, installing rooftop and ground-mounted … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Norway, Sweden

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RWE Ventures into Australian Battery Storage: Limondale BESS to Pave the Way for Renewable Energy Transition

Posted on 28, May 2024 by

(IN BRIEF) RWE, a leading player in global renewables, has announced its investment decision to construct Australia’s inaugural eight-hour lithium-ion Battery Energy Storage System (BESS) adjacent to its Limondale Solar Farm in New South Wales. With a capacity of over … Read the full press release →

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EIF Commits EUR 30m to 123 Transition Energétique 2 Fund for Renewable Energy SMEs

Posted on 27, May 2024 by

(IN BRIEF) The European Investment Fund (EIF), under the InvestEU program, pledges EUR 30 million as a cornerstone investor to the 123 Transition Energétique 2 fund, managed by 123 Investment Managers and advised by Lendosphere. This fund aims to address … Read the full press release →

Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Investment, Luxembourg, Management, News, Small Business

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Lazio Region and Terna Forge Partnership to Enhance Electricity Infrastructure and Renewable Energy Development

Posted on 18, May 2024 by

(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 →

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EDF Pioneers Green Commercial Paper Issuance, Targets Renewable Energy Investments

Posted on 16, May 2024 by

(IN BRIEF) On May 14, 2024, EDF achieved a significant milestone by launching its inaugural green commercial paper issuance, valued at €50 million with a 6-month maturity, successfully subscribed by Ecofi. The funds from this issuance are earmarked to support … Read the full press release →

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