(IN BRIEF) The European Investment Bank (EIB), Natixis Corporate & Investment Banking (Natixis CIB), and the Sunprime Group have signed a project finance operation worth €204 million to support the construction of over 100 photovoltaic plants across Italy, with a … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Luxembourg, Management, News
Tagged Antonio Mazzitelli, EIB, Gelsomina Vigliotti, Italy, Natixis, partnership, photovoltaic project, Stefano Mazza, Sunprime, sustaianability
(IN BRIEF) TotalEnergies is withdrawing from South Africa’s offshore Block 11B/12B and Block 5/6/7 due to economic viability challenges, following the exit of partner CNRI. Despite significant gas discoveries in Block 11B/12B, the company decided it is not feasible to … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Offshore Blocks, partnership, South Africa, TotalEnergies, Withdrawal
(IN BRIEF) GreenPowerMonitor (GPM), a DNV company, has launched an advanced Energy Management System (EMS) designed to enhance the operational efficiency of renewable power plants. The new EMS supports the significant growth in renewable energy capacity, which saw a 50% … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, News, Norway, Spain, Technology
Tagged DNV, GreenPowerMonitor Energy Management System, Juan Carlos Arévalo, partnership, Renewable Power Plant, Spain, sustainability
(IN BRIEF) Barco’s permit for a 4.5MW wind turbine at its Kortrijk site was annulled by the Council for Permit Disputes, which cited a need for more thorough examination and justification by the Flemish Government. Despite the setback, Barco is … Read the full press release
Posted in Belgium, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Law, Management, News, Technology
Tagged Barco, Belgium, Kurt Verheggen, Minister Demir, Permit, wind turbine
(IN BRIEF) Gasum, a leading Nordic energy company, has ceased all LNG purchases from Russia following the EU’s 14th sanctions package, which prohibits the import of Russian LNG through EU terminals not connected to the EU gas network. Effective from … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Environment, European Union, Financial, Finland, Government, Industrial, Investment, Law, Management, News, Politics, Russia
Tagged EU Sanctions, Gasum, LNG Purchases, partnership, RUSSIA, sustainability
(IN BRIEF) Juwi GmbH has sold a 267 MW photovoltaic portfolio in Greece to Foresight and Mirova, marking the largest project in its history. Juwi will serve as the EPC and O&M contractor, with construction starting in August 2024. This … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Germany, Government, Greece, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged acquisition, Diomidis Dorkofikis, foresight, Greece, Helene Dimitracopoulos, Juwi GmbH, Mirova, partnership, PV Portfolio, Stephan Hansen, sustainability, Takis Sarris
(IN BRIEF) INEOS Inovyn, Europe’s leading PVC producer, is partnering with Daimler to trial the Mercedes-Benz GenH2 hydrogen trucks, aiming to enhance heavy-duty transport’s sustainability. Over the next 12 months, INEOS will make around 250 deliveries using these trucks in … Read the full press release
Posted in Belgium, Business, Chemicals, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Investment, Management, Netherlands, News, Technology, Transportation & Logistics, United Kingdom
Tagged Belgium, Daimler Trucks, Germany, INEOS, INEOS Inovyn, Mercedes-Benz GenH2 hydrogen trucks, partnership, sustainability, the Netherlands, Wouter Bleukx, Zero-Emission Transport
(IN BRIEF) Eni reported strong growth and strategic progress in Q2 2024, achieving an adjusted net profit of €1.5 billion. Key achievements include a 6% year-on-year increase in oil and gas production, significant portfolio upgrades, and advancements in transition businesses … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Industrial, Investment, Italy, Management, News
Tagged Claudio Descalzi, Eni, Financial, Giuseppe Zafarana, investment
(IN BRIEF) PETRONAS, Enilive, and Euglena have made a final investment decision to develop a biorefinery at PETRONAS’ Pengerang Integrated Complex in Johor, Malaysia. Set to be operational by the second half of 2028, the biorefinery will produce Sustainable Aviation … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Technology
Tagged Ahmad Adly Alias, biofuel production, biorefinery, Eni, Enilive, Euglena, investment, Japan, Malaysia, Mitsuru Izumo, partnership, PETRONAS, Renewable Diesel/Hydrogenated Vegetable Oil (HVO), Stefano Ballista, sustainability, sustainable aviation fuel (SAF)
(IN BRIEF) BEW Berliner Energie und Wärme AG has renewed its partnership with Landis+Gyr for another four years, extending their 20-year collaboration. Landis+Gyr will supply ultrasonic heat meters, specifically the T550 (UH50) model, chosen through a Europe-wide tender. The T550 … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Switzerland, Technology
Tagged BEW Berliner Energie, Germany, Heat Meter Supply, Johannes M. Koch, Landis+Gyr, partnership, sustainability, Switzerland, Theresa Matthes, Wärme AG
(IN BRIEF) TotalEnergies and Casino Group have renewed their 20-year strategic partnership to supply over 1,000 service stations in France, effective October 1, 2024, for five years. The agreement involves Casino providing food products and essential items to TotalEnergies stations, … Read the full press release
(IN BRIEF) Art collective De Strakke Hand has finished a unique mural on Eneco’s new heat buffer in Rijnsweerd, Utrecht. Inspired by a 19th-century watercolour by J.W. Wisselingh, the design was selected with input from local residents to help the … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) has signed a €450 million finance contract with Prysmian to enhance electricity transmission and distribution in Europe, focusing on renewable energy and offshore wind. The funds will be used to manufacture extra-high-voltage submarine … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) has provided a €390 million loan to Greek energy supplier DEPA Commercial SA to build and operate solar-energy farms in Greece. This loan supports DEPA’s €500 million renewable energy investment plans, with new … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Greece, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged DEPA Commercial, EIB, Greece, Ioannis Papadopoulos, Ioannis Tsakiris, Konstantinos Xifaras, Kostis Hatzidakis, Large-Scale Solar Projects, partnership, sustainability, Theodoros Skylakakis
(IN BRIEF) MCNEX, a Korean automotive technology company specializing in cameras, sensors, and software for vehicles, has been awarded the Cybersecurity Management System Certification by DNV. This certification, based on the ISO/SAE 21434 standard, ensures that MCNEX’s technology meets international … Read the full press release
Posted in Automotive, Awards, Business, Energy, Gas & Oil, Financial, Government, Industrial, Investment, Management, News, Norway, Security & Safety, Technology
Tagged Awards, DNV, ISO/SAE 21434 Certification, KOREA, MCNEX, Min Dong-wook, Percy Lakdawalla, SECURITY, Vehicle Cybersecurity
(IN BRIEF) DNV has supported the European Commission in updating guidance documents on geological carbon storage (CCS) under the CCS Directive to streamline permitting procedures and enhance sustainable CO2 storage in the European Economic Area (EEA). The updates integrate the … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Netherlands, News, Norway
Tagged carbon capture, DNV, European Commission, Jamie Burrows, Netherland, Norway, partnership, Prajeev Rasiah, Storage Guidance Documents, sustainability
(IN BRIEF) British Gas is set to hire and train 300 new apprentices to enhance its customer-facing teams and support the UK’s net zero ambitions. The initiative focuses on engineering and customer service roles, with a commitment to diversity and … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged Andy Prendergast, apprenticeship, British Gas, Centrica, Chris O’Shea, Diversity And Inclusion, Donna Rowe-Merriman, Isaura Johnson, Minister Fahnbulleh, net zero goals, partnership, sustainability, training
(IN BRIEF) ANDRITZ has been selected to perform the front-end engineering design (FEED) for a large-scale carbon capture unit at Westenergy’s waste-to-energy plant in Finland. The project, ordered by ECCU Ltd, aims to capture all CO2 emissions from the plant’s … Read the full press release
Posted in Austria, Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Andritz, FEED of Major Carbon Capture Unit, Finland, Harald Reissner, Olli Alhoniemi, partnership, sustainability, waste-to-energy plant, Westenergy
(IN BRIEF) Vitesco Technologies has commenced large-scale production of its Battery Management Controller (BMC) in Changchun, China, for a leading Chinese automaker’s new electric vehicle models. This component is crucial for EV safety and efficiency, monitoring key battery parameters and … Read the full press release
(IN BRIEF) Schroders Greencoat has acquired a UK-based solar portfolio from METLEN Energy & Metals, strengthening its position as the largest manager of ground mount solar farms in the UK, with a total capacity of 1.9 GWp. The portfolio includes … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Greece, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom
Tagged acquisition, Greece, Lee Moscovitch, METLEN Energy & Metals, partnership, Schroders, Schroders Greencoat, solar energy, sustainability, UK
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