Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Solcast’s Satellite Irradiance Data Validated as Bankable by DNV, Enhancing Solar Energy Market Confidence

(IN BRIEF) Solcast, a DNV Company specializing in solar irradiance historical actuals and forecasting, celebrates a significant achievement as DNV validates its satellite irradiance data as bankable. With over 600 million data values per hour generated using live satellite imagery, … Read the full press release

ABP Unveils Ambitious Masterplan for Port of Newport, Paving the Way for Green Growth

(IN BRIEF) Associated British Ports (ABP) reveals its ambitious vision for the Port of Newport, aiming to usher in a new era of sustainable growth for both the port and the city. With sustainability as a cornerstone, ABP’s plan focuses … Read the full press release

Lightsource bp Energizes First Battery Project, Accelerating Global Energy Storage Pipeline

(IN BRIEF) Lightsource bp has achieved a significant milestone by energizing the Tiln battery project, marking the commencement of its multi-gigawatt global energy storage pipeline. This initiative, which accompanies the Tiln solar project in Lincolnshire, UK, underscores the company’s dedication … Read the full press release

Rheinmetall Donates €100,000 to Olena Zelenska Foundation in Support of Ukrainian War Victims

(IN BRIEF) Düsseldorf-based technology group Rheinmetall has pledged a donation of 100,000 euros to the Olena Zelenska Foundation in Kyiv, supporting humanitarian efforts for victims of the Russian war of aggression against Ukraine. The foundation, led by Olena Zelenska, wife … Read the full press release

American Rheinmetall Vehicles and GM Defense Deliver Prototypes for U.S. Army’s Next-Gen Tactical Truck Program

(IN BRIEF) American Rheinmetall Vehicles and GM Defense have successfully delivered three prototype trucks for the initial phase of the U.S. Army’s Common Tactical Truck (CTT) Program. The program aims to replace the Army’s heavy tactical truck fleet with up … Read the full press release

Cargotec Initiates Written Procedures to Amend Terms of Senior Unsecured Notes

(IN BRIEF) Cargotec Corporation has commenced written procedures to solicit consents, waivers, and decisions to amend the terms and conditions of its senior unsecured notes due in 2025 and 2026. This action is in relation to the partial demerger of … Read the full press release

Chatty Robot Guide Dogs: A Promising Solution for Indoor Navigation of Visually Impaired Individuals

(IN BRIEF) The University of Glasgow, in collaboration with industry and leading charities, is pioneering the development of the RoboGuide, an AI-powered robot guide dog designed to assist blind and partially sighted individuals in navigating indoor spaces like museums, shopping … Read the full press release

Repsol Gains RSB Certification for Sustainable Aviation Fuel, Enhancing Global Market Access

(IN BRIEF) Repsol, a leading multi-energy company, has achieved certification from the Roundtable on Sustainable Biomaterials (RSB), allowing it to sell its sustainable aviation fuel (SAF) within the RSB Book & Claim System. This certification facilitates the delivery of SAF … Read the full press release

Logicor Secures Planning for Sustainable Warehouse ‘Bolton 330’ in UK Redevelopment Drive

(IN BRIEF) Logicor, a prominent European real estate developer, has achieved a significant milestone in its UK redevelopment program with the securing of planning permission for ‘Bolton 330’, a 330,000 sq ft sustainable warehouse in the North West. Strategically located … Read the full press release

EBRD and UniCredit Bulbank Partner to Support Tsenovo Solar Plant in Bulgaria

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is set to guarantee up to €25 million for a loan extended by UniCredit Bulbank to the Tsenovo solar plant in Bulgaria, marking the first greenfield renewable project financed under … Read the full press release

EIB Commits €350 Million to Umicore for EV Battery Materials Innovation and Recycling

(IN BRIEF) In a significant move to bolster Europe’s electric vehicle (EV) battery industry, the European Investment Bank (EIB) has entered a €350 million financing agreement with Umicore to support research, development, and innovation (RDI) in rechargeable battery materials technologies. … Read the full press release

EIB and Kutxabank Partner to Boost Green Investment in Spain with €300 Million Agreement

(IN BRIEF) The European Investment Bank (EIB) and Kutxabank have inked a landmark covered bond purchase agreement totaling €300 million, facilitating Kutxabank to unlock up to €600 million for financing green projects in Spain, particularly focusing on energy-efficient construction. This … Read the full press release

EIB Group Forum Highlights European Resilience and Investment Priorities

(IN BRIEF) The second edition of the EIB Group Forum in Luxembourg convened senior policymakers, business leaders, academics, and civil society representatives to discuss EU policy priorities and challenges amidst global instability. EIB President Nadia Calviño emphasized the role of … Read the full press release

Outokumpu Oyj repurchased 472,817 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) Outokumpu, on February 7, 2024, finalized its repurchase of its own shares as part of a previously announced buyback program initiated on November 29, 2023. Under this program, Outokumpu had aimed to repurchase a maximum of 11 million … Read the full press release

Outokumpu’s Resilience Shines Through: Solid Earnings Despite Challenging Stainless Steel Market

(IN BRIEF) Despite facing headwinds in the stainless steel market, Outokumpu Oyj has managed to maintain solid financial performance in 2023. The company’s adjusted EBITDA for the year amounted to EUR 517 million, although experiencing a decline compared to previous … Read the full press release

TotalEnergies Launches Akpo West Field Production, Boosts Nigeria’s Energy Sector

(IN BRIEF) TotalEnergies, along with its partners, has commenced production from the Akpo West field in Nigeria’s PML2 license area. This field, located 135 kilometers off the coast, is tied back to the existing Akpo Floating Production Storage and Offloading … Read the full press release

TotalEnergies Proposes 7.1% Dividend Increase for Fiscal Year 2023

(IN BRIEF) Following a Board of Directors meeting on February 6, 2024, TotalEnergies has announced its intention to propose a dividend distribution of 3.01 € per share for fiscal year 2023 at the upcoming Shareholders’ Meeting scheduled for May 24, … Read the full press release

Equinor Unveils Proposed Cash Dividends for Q4 2023: USD 0.35 Ordinary and Extraordinary

(IN BRIEF) Equinor (OSE: EQNR, NYSE: EQNR) announces its proposed cash dividends for the fourth quarter of 2023. Shareholders can expect an ordinary cash dividend of USD 0.35 per share, along with an additional extraordinary cash dividend of USD 0.35 … Read the full press release

Equinor Initiates Tranche One of USD 1.2 Billion Share Repurchase Programme

(IN BRIEF) Equinor (OSE: EQNR, NYSE: EQNR) announced the commencement of the first tranche of its share buy-back programme for 2024, starting on February 8, 2024. As part of this tranche, shares worth up to USD 396 million will be … Read the full press release

Equinor Posts Robust Q4 Earnings of USD 8.68 Billion Amid Strategic Growth Moves

(IN BRIEF) Equinor, a leading energy provider, reported strong financial results for the fourth quarter of 2023, recording adjusted earnings of USD 8.68 billion and USD 1.88 billion after tax. The quarter saw significant operational achievements, including a 2.1% production … Read the full press release