Category Archives: Energy, Gas & Oil

Energy, Gas & Oil Press Releases & News distributed via EuropaWire

ChargeEuropa zamyka rundę finansowania, której przewodził fundusz Shift4Good tym samym dokonując historycznej francuskiej inwestycji w polski sektor elektromobilności

NAJNOWSZA RUNDA FINANSOWANIA FIRMY ZAJMUJĄCEJ SIĘ ŁADOWANIEM POJAZDÓW ELEKTRYCZNYCH CIESZYŁA SIĘ MOCNYM ZAINTERESOWANIEM MIĘDZYNARODOWYCH INWESTORÓW, PODKREŚLAJĄC TYM SAMYM ROSNĄCE ZNACZENIE SZYBKO-ROZWIJAJĄCEGO SIĘ SEKTORA ELEKTROMOBILNOŚCI W EUROPIE ŚRODKOWO-WSCHODNIEJ (CEE) NA TLE INNYCH RYNKÓW. (KRÓTKO MÓWIĄC) ChargeEuropa, polska firma zajmująca się infrastrukturą … Read the full press release

British Gas Joins Forces with Leading Partners to Pave the Way for Decarbonizing Social Housing

(IN BRIEF) British Gas has joined a consortium with NatWest, Places for People, Sero, and Tallarna to pilot a new approach to decarbonizing up to 1,000 social housing units. The initiative will test financial models that make retrofitting more affordable, … Read the full press release

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

(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

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

(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

50Hertz Secures Early Approval to Upgrade Mecklar-Vieselbach Overhead Line with High-Temperature Conductors

(IN BRIEF) 50Hertz has received approval from the Federal Network Agency (BNetzA) to upgrade the Thuringian section of the 380-kV Mecklar-Vieselbach overhead line by converting it to high-temperature conductors. This decision, issued ahead of schedule, allows 50Hertz to increase the … Read the full press release

E.ON Reaffirms 2024 Financial Targets with €4.9 Billion EBITDA, Boosts Energy Transition Investments

(IN BRIEF) E.ON reported strong financial performance in the first half of 2024, achieving an adjusted Group EBITDA of €4.9 billion and an adjusted net income of €1.8 billion, in line with its full-year targets. The company reaffirmed its guidance … Read the full press release

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

(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

Rolls-Royce and Yuchai to Expand MTU Engine Production in China through Joint Venture

(IN BRIEF) Rolls-Royce and Yuchai Diesel are expanding their joint venture, MTU Yuchai Power, to increase production of Rolls-Royce’s mtu engines in China. The expansion will include more variants of the mtu Series 2000 and 4000 engines, with plans to … Read the full press release

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

(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

EBRD Supports Polinas’ Green and Inclusive Growth with €25 Million Loan for Sustainable Packaging Production

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a €25 million loan to Türkiye’s Polinas Plastik to enhance the company’s green credentials through resource and energy efficiency upgrades, including a new production line for recyclable packaging … Read the full press release

WinGD and CMA CGM to Trial Groundbreaking Variable Compression Ratio Technology on Dual-Fuel Vessel

(IN BRIEF) WinGD is collaborating with CMA CGM to conduct the first real-world trial of its Variable Compression Ratio (VCR) technology on a dual-fuel vessel. This innovative technology, which dynamically adjusts the compression ratio in response to fuel type and … Read the full press release

RWE Launches Pilot Electrolyser Plant in Lingen to Advance Green Hydrogen Production

(IN BRIEF) RWE has inaugurated a pilot electrolyser plant in Lingen, Germany, aimed at advancing green hydrogen production. The 14-megawatt facility, which can generate up to 270 kilograms of green hydrogen per hour using renewable energy, will provide insights for … Read the full press release

RWE Achieves Major Milestone in Offshore Wind Energy with Successful Auction

(IN BRIEF) RWE has successfully secured two offshore wind sites in the German North Sea, N-9.1 and N-9.2, with a total capacity of 4 gigawatts, during a recent federal auction. The company will pay €250 million for these sites, located … Read the full press release

Vestas Updates Financial Outlook for 2024 Amid Adjustments in Service Costs

(IN BRIEF) Vestas Wind Systems A/S has revised its financial outlook for 2024, now projecting revenue between EUR 16.5 billion and EUR 17.5 billion, down from EUR 16 billion to EUR 18 billion. The expected EBIT margin before special items … Read the full press release

TotalEnergies Begins Production at Anchor Field in the Gulf of Mexico

(IN BRIEF) TotalEnergies has commenced production at the Anchor field in the US Gulf of Mexico, where it holds a 37.14% interest alongside operator Chevron. The project, which began development in December 2019, features subsea wells connected to a semi-submersible … Read the full press release

Arrow Energy to Expand Surat Gas Project with Shell Investment

(IN BRIEF) On August 12, 2024, Arrow Energy announced plans to expand its Surat Gas Project in Queensland, Australia, with significant investment from Shell. Phase 2 is expected to produce about 22,400 barrels of oil equivalent per day at peak … Read the full press release

Schaeffler Expands Global E-Mobility Charging Infrastructure with 5,000 New Points by 2030

(IN BRIEF) Schaeffler is expanding its global electric vehicle charging infrastructure by adding 5,000 new charging points by 2030, with 3,000 in Europe. This initiative is part of the company’s sustainability program. Pilot projects have started at Herzogenaurach and Schweinfurt … Read the full press release

Vestas Secures Two New Orders in Germany Totaling 58 MW

(IN BRIEF) Vestas has secured two new wind turbine orders in Germany, totaling 58 MW. Both projects, WP Brand (36 MW) and WP Lautertal (22 MW), are with Uhl Windkraft and will feature V172-7.2 MW turbines. The projects are scheduled … Read the full press release

Vestas Secures 41 MW Wind Turbine Order for Spanish Wind Parks

(IN BRIEF) Vestas has secured a 41 MW order from Green Mind Ventures, part of GreenVolt, for wind turbines at two wind parks in Spain. The order includes the supply, installation, and a 20-year service agreement for nine turbines. Delivery … Read the full press release

MOL Group Demonstrates Resilience with Strong Financial Performance in H1 2024 Amid Industry Challenges

(IN BRIEF) MOL Group reported strong financial results for the first half of 2024, with a 19% year-on-year increase in profit before tax, driven by robust demand in Downstream, strong Upstream production, and retail expansion. Despite industry challenges, the company … Read the full press release