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Search Results for: electricity
EIB and Ørsted Sign €400 Million Agreement to Boost Renewable Energy in Europe
(IN BRIEF) The European Investment Bank (EIB) and Ørsted have inked a €400 million framework loan agreement to support the expansion of wind energy production, in alignment with the RePowerEU initiative’s objectives. This marks their fifteenth joint project, reflecting Ørsted’s … Read the full press release
Posted in Banks, Business, Denmark, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged Denmark, EIB, Europe, Kasper Kiim Jensen, partnership, renewable energy, sustainability, Thomas Östros, Ørsted
Terna Achieves Historic Fourth Consecutive Top Spot in Webranking Europe 500 for Digital Communication Excellence
(IN BRIEF) Italian power grid operator Terna, under the leadership of Giuseppina Di Foggia, has achieved an unprecedented feat by ranking first in the 2023-2024 edition of “Webranking Europe 500,” a prestigious continental ranking that evaluates the quality and transparency … Read the full press release
Posted in Awards, Business, Energy, Gas & Oil, Industrial, Italy, Management, News, Technology
Tagged Awards, digital communication, Giuseppina Di Foggia, Terna, Webranking Europe 500
Ørsted’s Historic Carbon Capture Project in Denmark Takes Flight
(IN BRIEF) Ørsted has commenced construction on two carbon capture facilities at the Asnæs Power Station and Avedøre Power Station in Denmark, marking the country’s inaugural full-scale carbon capture endeavor. This project, backed by a 20-year contract from the Danish … Read the full press release
Posted in Business, Construction, Denmark, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Asnæs Power Station, Avedøre Power Station, Carbon Capture Project, Denmark, Lars Aagaard, Mads Nipper, Martin Damm, Ole Thomsen, partnership, sustainability, Søren Friis Trebbien, Ørsted
Vestas and DTEK Collaborate to Expand Tyligulska Wind Project in Ukraine
(IN BRIEF) In a significant move during COP28, Vestas and DTEK have signed a Memorandum of Understanding (MOU) to advance the second phase of the Tyligulska wind project in southern Ukraine. This MOU outlines their intention to develop an additional … Read the full press release
TenneT Receives 47 Responses to Draft Investment Plans 2024-2033
(IN BRIEF) Dutch grid manager TenneT has collected 47 responses from stakeholders regarding its draft investment plans for the period 2024-2033, which were made public on November 1. These investment plans outline the expansion and replacement projects for both onshore … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Investment, Netherlands
Tagged ACM, electricity, gas networks, l grid managers, offshore grid, Tennet
RWE Partners with Masdar for UK Offshore Wind Project in Commitment to Clean Energy
(IN BRIEF) RWE has entered into an agreement with Masdar, a clean energy leader, to collaborate on the UK Dogger Bank South (DBS) offshore wind development projects. Masdar will acquire a 49% stake in the projects, while RWE will retain … Read the full press release
TotalEnergies to Divest Minority Stake in South African Natref Refinery to Prax Group
(IN BRIEF) TotalEnergies has revealed its strategy to divest non-core assets by signing an agreement to sell its 36.36% minority stake in the National Petroleum Refiners of South Africa (Natref) to the Prax Group. The Natref refinery, situated in Sasolburg, … Read the full press release
Posted in Business, Energy, Gas & Oil, Financial, France, Government, Industrial, Investment, Management, News
Tagged divest, Jean-Pierre Sbraire, Minority Stake, Natref Refinery, partnership, Prax Group, South Africa, sustainability, TotalEnergies
RWE’s Kårehamn Offshore Wind Farm Celebrates 10 Years of Reliable Green Energy Generation
(IN BRIEF) RWE’s Swedish offshore wind farm, Kårehamn, located in the Baltic Sea near the Island of Öland, has marked a decade of successful operation since its commissioning in October 2013. This offshore wind facility consists of 16 turbines, each … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Management, News, Sweden
Tagged 10 Years, Green Energy, Kårehamn, Matilda Machacek, offshore wind farm, RWE, sustainability
New Study Highlights Soaring Consumer Debt Levels in UK Households
(IN BRIEF) A recent survey conducted by the University of Bristol on behalf of the abrdn Financial Fairness Trust has revealed alarming levels of consumer debt in the majority of UK households. The study found that nearly two-thirds of households … Read the full press release
FlagshipONE: Ørsted’s Carbon-Neutral Shipping Initiative Secures EU-Catalyst Partnership Support at COP28
(IN BRIEF) At COP28, Ørsted announced that its FlagshipONE project, Europe’s largest e-methanol plant, has received support from the EU-Catalyst Partnership, including the European Commission, Breakthrough Energy Catalyst, and the European Investment Bank. This partnership will aid in advancing carbon-neutral … Read the full press release
Posted in Denmark, Energy, Gas & Oil, Environment, European Union, Financial, Industrial, Infrastructure & Utilities, Transportation & Logistics
Tagged Breakthrough Energy Catalyst, carbon-neutral shipping, COP28, decarbonisation of shipping, e-methanol plant, EU-Catalyst Partnership, European Commission, European Investment Bank, FlagshipONE, Global shipping, Mads Nipper, Övik Energi, Rodi Guidero, Werner Hoyer, Ørsted
EBRD’s Renewable Energy Programme Fuels Transition from Fossil Fuels to Clean Power
(IN BRIEF) The power sector is undergoing a vital transformation to meet climate goals by shifting towards carbon-free electricity production. The European Bank for Reconstruction and Development (EBRD) is actively contributing to this transition through its Renewable Energy Programme, particularly … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom
Tagged Azerbaijan, Bulgaria, clean power, EBRD, fossil fuels, Fuels Transition, MOLDOVA, Montenegro, partnership, renewable energy, Romania, sustainability
SEAT’s SEAT al Sol 2: Major Expansion of Solar Power for Electric Vehicle Production
(IN BRIEF) SEAT S.A. is set to significantly expand its solar energy capacity with the installation of 39,000 new solar panels across its three production facilities in Martorell, El Prat, and Barcelona. This expansion, known as SEAT al Sol 2, … Read the full press release
EBRD Commits €65.9 Million to Enhance Infrastructure and Climate Resilience in Kyrgyz Republic
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has pledged €65.9 million in sovereign loans and grant funding to improve the electricity and water supply systems in the Kyrgyz Republic, addressing critical infrastructure and climate resilience needs. The … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom
Tagged Akylbek Japarov, climate resilience, EBRD, infrastructure, Kyrgyz Republic, Odile Renaud-Basso, partnership, sustainability
TotalEnergies Invests £20 Million in Xlinks’ Ambitious Renewable Project to Power 7 Million UK Homes
(IN BRIEF) TotalEnergies, one of Europe’s largest energy companies, has invested £20 million to acquire a minority stake in Xlinks First Limited, a UK-based company that aims to develop a groundbreaking renewable energy project in Morocco. The project involves a … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, United Kingdom
Tagged investment, partnership, Renewable Project, Simon Morrish, sustainability, TotalEnergies, UK Homes, Vincent Stoquart, Xlinks
Centrica and Mitsubishi Power Collaborate on Europe’s First Ammonia-Fired Power Plant in Ireland
(IN BRIEF) Centrica and Mitsubishi Power Europe have joined forces to explore the development of Europe’s inaugural ammonia-fired power generation facility at Bord Gáis Energy’s Whitegate CCGT power station in Cork, Ireland. This groundbreaking project aims to leverage low carbon … Read the full press release
Posted in Business, Construction, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Ireland, Management, News, Technology, United Kingdom
Tagged Ammonia-Fired Power Plant, Centrica, Chris O’Shea, Europe, Ireland, Javier Cavada, Mitsubishi, partnership, sustainability
EDF Group Unveils Aggressive Carbon Reduction Targets and Commitment to COP28 Goals
(IN BRIEF) EDF Group, the world’s leading producer of electricity free from direct CO2 emissions, has reaffirmed its commitment to reducing its carbon footprint in alignment with UN guidelines ahead of COP28. The company, which pledged to contribute to carbon … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, France, Industrial, Management, Media, News
Tagged carbon reduction targets, COP28 Goals, EDF Group, Luc Rémont, sustainability
SEB’s Investment Outlook: Navigating Late-Cyclical Phase with Caution and Opportunities
(IN BRIEF) SEB’s Investment Outlook for the current economic situation suggests that a soft landing may be on the horizon, characterized by both a cyclical slowdown and ongoing efforts to combat inflation through tight monetary policies. While late-cyclical phases typically … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Investment, Management, News, Sweden
Tagged Financial, Fredrik Öberg, investment, SEB
GreenPowerMonitor Launches GPM Hybrid PPC: A Game-Changer in Hybrid Power Plant Management
(IN BRIEF) GreenPowerMonitor (GPM), a subsidiary of DNV, has unveiled its innovative Hybrid Power Plant Controller (GPM Hybrid PPC) designed to revolutionize the management of hybrid power plants. Unlike conventional renewable energy plants that rely on a single power source, … Read the full press release
Europe’s Critical Infrastructure Faces Growing Threat from Extreme Rainfall Events
(IN BRIEF) Europe is experiencing a surge in extreme rainfall events, driven by climate change, leading to substantial financial consequences. Sweco’s “Expect the Unexpected: Floods and Critical Infrastructure” report highlights the urgent need for resilient urban infrastructure. It emphasizes asset-level … Read the full press release
Posted in Business, Environment, Industrial, Infrastructure & Utilities, Management, News, Sweden, Technology
Tagged Europe, Extreme Rainfall Events, infrastructure, Martijn Steenstra, sustainability, SWECO AB, threat
Sorégies Receives Financing Boost for Renewable Energy Development via InvestEU Program
(IN BRIEF) Local energy company Sorégies has secured financing through the InvestEU program, marking a significant step in its strategic plan to prioritize renewable energy development. Sorégies aims to self-generate at least 1,000 GWh of electricity by 2030, aligning with … Read the full press release
EU-Funded REFORMERS Project Launches Europe’s First Renewable Energy Valley in the Netherlands
(IN BRIEF) The REFORMERS research project, funded under the EU’s Horizon Europe program, has officially commenced its mission to develop and roll out “Renewable Energy Valleys” (REVs) across Europe. The project’s flagship, located in the Netherlands between Alkmaar and Heiloo, … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Netherlands, News, Science, Switzerland, Technology
Tagged Empa, EU, Europe, Netherlands, partnership, Philipp Heer, REFORMERS Project, Renewable Energy Valley, sustainability
Garanti BBVA Commits €36.1 Million in Financing for Işıklar Wind Power Plant to Bolster Renewable Energy Expansion
(IN BRIEF) Garanti BBVA has revealed its dedication to supporting renewable energy initiatives with a €36.1 million financing agreement for the Işıklar Wind Power Plant, facilitated through BBVA’s Turkish unit in partnership with Dost Enerji. The wind power project will … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Spain, Technology, Turkey
Tagged BBVA, Dost Enerji, Garanti BBVA, Işıklar Wind Power Plant, Mahmut Akten, partnership, Renewable Energy Expansion, sustainability, Turkey
AFRY Chosen to Conduct Environmental and Social Impact Assessments for Indonesia’s 500MW Solar PV Projects
(IN BRIEF) PT PLN Indonesia Power, a subsidiary of Indonesia’s state-owned electricity company PT PLN, has enlisted AFRY to perform Environmental and Social Impact Assessments (ESIAs) for five large solar photovoltaic (PV) projects situated on Java Island. These projects play … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology
Tagged AFRY, Edwin Nugraha Putra, environmental, Environmental and Social Impact Assessments, Indonesia, partnership, Petteri Härkki, PT PLN Indonesia Power, solar PV projects, sustainability
Scania Implements Mandatory Green Purchasing Requirements to Drive Supply Chain Decarbonization
(IN BRIEF) Scania, a leader in the transportation industry, has announced a significant step in its commitment to sustainability by making its supply chain decarbonization target mandatory for purchasing requirements. The company aims to transform its supply chain by targeting … Read the full press release
Renewable Energy Boost: Neste Secures Solar Power Supply for Porvoo Operations
(IN BRIEF) Neste, a global renewable fuels and sustainable solutions leader, has signed an important solar power purchase agreement with CPC Finland Oy. This deal will provide solar power to Neste’s Porvoo refinery in Finland, starting in spring 2024. The … Read the full press release
Infineon-Led PROGRESSUS Project Achieves Breakthroughs in Green Energy Management and EV Charging Infrastructure
(IN BRIEF) Infineon Technologies AG, in collaboration with 22 project partners, has successfully concluded the PROGRESSUS research project, focusing on efficient energy conversion, intelligent electricity management, and secure network monitoring. With support from the Electronic Components and Systems for European … Read the full press release
Plenitude and Saipem Collaborate to Install 1 MWp Solar System, Advancing Energy Efficiency and Sustainability Goals
(IN BRIEF) Plenitude (Eni) and Saipem have entered into an agreement to install a 1 MWp photovoltaic system at Saipem’s offices in Fano, Italy. The system is expected to generate over 1,000 MWh of solar power annually, meeting a significant … Read the full press release
ANDRITZ to Equip Ebensee Pumped Storage Plant, Advancing Green Energy Goals
(IN BRIEF) International technology group ANDRITZ has received an order from Energie AG to supply equipment for the new Ebensee pumped storage power plant in Austria. This project, the largest investment by the utility, aims to enhance energy sustainability by … Read the full press release
Lightsource bp Invites Small Buyers to Join Multi-Buyer Solar PPA in Spain
(IN BRIEF) Lightsource bp is facilitating a European multi-buyer corporate power purchase agreement (PPA) for a solar asset portfolio set to be built in Spain in 2024. The global solar developer, with over 35GW of solar projects in development worldwide, … Read the full press release
Maersk and Goldwind Sign Groundbreaking Green Methanol Offtake Agreement for Sustainable Shipping
(IN BRIEF) A.P. Moller – Maersk has entered into an offtake agreement with Goldwind, a leading global clean energy developer, marking a significant milestone in the global shipping industry’s adoption of green methanol. This long-term agreement extends into the next … Read the full press release
Posted in Denmark, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, Technology, Transportation & Logistics
Tagged CHINA, Goldwind, green methanol, Maersk, partnership, Rabab Raafat Boulos, shipping, sustainability, Wu Gang
North Seas Energy Ministers Pledge to Build 260 GW of Offshore Wind Power by 2050
(IN BRIEF) Energy Ministers from ten North Seas Energy Cooperation (NSEC) countries, including the Netherlands, convened in The Hague, where they agreed on an updated NSEC Action Agenda aimed at boosting the expansion of offshore wind power in Europe. The … Read the full press release
Posted in Belgium, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Media, Netherlands, News, Technology
Tagged Majesty King Willem-Alexander, Ministers, Netherlands, North Seas Energy, offshore wind power, partnership, sustainability, WindEurope
TotalEnergies Supports Transporters’ Transition to Electric Mobility with Tailored Charging Services
(IN BRIEF) TotalEnergies has launched an innovative in-depot electric truck charging service at the SOLUTRANS trade show. This service is designed to facilitate the transition to electric mobility for transport companies by providing customized charging infrastructure. It includes efficient charge … Read the full press release
DNV to Provide Extensive Inspection Services for East Anglia Three Offshore Wind Farm Project
(IN BRIEF) DNV has entered into an agreement to provide a wide range of inspection services for the East Anglia Three offshore wind project, which is set to become the world’s second-largest wind farm upon its operation in 2026. The … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Technology, United Kingdom
Tagged DNV, East Anglia, inspection services, Lamia Ziam, Mohamed Houari, offshore wind farm project, partnership, Ross Ovens, sustainability
ORLEN Group’s PGNiG Upstream Norway Expands Natural Gas Operations with KUFPEC Norway Acquisition
(IN BRIEF) PGNiG Upstream Norway, a subsidiary of the ORLEN Group, is set to take control of KUFPEC Norway, a hydrocarbon producer, significantly boosting the ORLEN Group’s natural gas output in Norway by over one-third, reaching 4 billion cubic meters … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Investment, Management, News, Norway, Poland
Tagged acquisition, Daniel Obajtek, KUFPEC Norway, natural gas, Norway, ORLEN Group, partnership, PGNiG, Poland, sustainability
BESTSELLER and SOLshare Power Textile Factory in Bangladesh with Rooftop Solar System
(IN BRIEF) BESTSELLER, a fashion company, and its partner SOLshare have successfully installed the first rooftop solar system on a textile supplier’s factory in Bangladesh. This initiative is part of a broader effort to reduce the environmental impact of BESTSELLER’s … Read the full press release
Posted in Apparel, Fashion & Beauty, Business, Denmark, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Bangladesh, BESTSELLER, Michael W. Schultze, partnership, Rooftop Solar System, SOLshare, sustainability, Textile Factory
Eneco Proposes Green Hydrogen Production Plant in Rotterdam’s Europoort Industrial Area
(IN BRIEF) Eneco has filed a planning application for the construction of the ‘Eneco Electrolyzer,’ a green hydrogen production facility located in Rotterdam’s Europoort industrial district. Green hydrogen is generated using renewable energy, and Eneco is collaborating with Mitsubishi on … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, Netherlands, News, Technology
Tagged As Tempelman, Eneco, Eneco Electrolyzer, Europoort Industrial Area, Green Hydrogen Production Plant, Mitsubishi, partnership, Rotterdam, sustainability
Terna Initiates €50 Million Underground Cable Project to Enhance Power Grid Resilience in Bolzano Province
(IN BRIEF) Italian power grid operator Terna, under the leadership of Giuseppina Di Foggia, has commenced construction on a new underground cable connection spanning 22 km between Vandoies and Brunico in the province of Bolzano. With an investment of approximately … Read the full press release
NIB Provides €50 Million Loan to Kemijoki Oy for Hydropower Innovation and Fish Migration Projects
(IN BRIEF) The Nordic Investment Bank (NIB) has signed a 15-year, €50 million loan agreement with Kemijoki Oy to support the company’s investment program from 2023 to 2027. Kemijoki Oy’s program focuses on modernizing and maintaining its hydropower assets and … Read the full press release
Posted in Agriculture, Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Finland, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged André Küüsvek, Fish Migration Projects, Hydropower Innovation, Kemijoki Oy, Markus Katara, NIB, partnership, sustainability
Moro Hub and Thales Partner to Elevate Cybersecurity Services in the UAE
(IN BRIEF) Moro Hub, a subsidiary of Digital DEWA, has joined forces with Thales, a global leader in security and digital identity technologies, at the Dubai Air Show 2023. This partnership aims to redefine the landscape of physical and cyber … Read the full press release
Posted in Business, Financial, France, Government, Industrial, Investment, Management, News, Security & Safety, Technology
Tagged cybersecurity services, Digital DEWA, Elias Merrawe, HE Saeed Mohammed Al Tayer, HE Sheikh Mohammed bin Rashid Al Maktoum, Marwan Bin Haidar, Moro Hub, partnership, Patrice Caine, Thales, UAE
EBRD’s First InvestEU Project Supports 30 MW Solar Capacity in Croatia
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is partnering with the InvestEU program for its inaugural project, aimed at supporting sustainable economic initiatives. The project involves financing the construction of 30 MW of solar generation capacity in … Read the full press release