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Search Results for: renewable energy
AF Energi og Miljø AS Expands Renewable Energy Portfolio with Acquisition of ETA Norge AS
(IN BRIEF) AF Energi og Miljø AS has finalized the acquisition of 70% of the shares in ETA Norge AS, a proficient bioenergy contractor. ETA Norge, established in 2023, specializes in delivering heating systems and providing project planning, installation, and … Read the full press release
Baltic Eagle Offshore Wind Farm Begins Installation, Targets 475,000 Homes with Renewable Energy by 2024
(IN BRIEF) The Baltic Eagle offshore wind farm, a joint venture between Iberdrola and Masdar, has installed its first turbine, marking the beginning of the final phase of construction. This 476 MW project is set to be fully operational by … Read the full press release
Posted in Energy, Gas & Oil, Germany, Industrial, Infrastructure & Utilities, Spain
Tagged Baltic Eagle, Baltic Eagle wind farm, Blue Tern, clean energy, Felipe Montero, Fred. Olsen Windcarrier, Husain Al Meer, Iberdrola, Masdar, Nils de Baar, renewable energy, turbine, Vestas, Wikinger, wind turbines, Windanker
Vattenfall Reports Strong Financial Performance and Renewable Energy Milestones in Q1 2024
(IN BRIEF) Vattenfall’s financial report for January-March 2024 highlights a 21% decrease in net sales, offset by a 45% increase in underlying operating profit and a 27% increase in operating profit. Profit for the period surged by 43%, indicating robust … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Industrial, Investment, Management, News, Sweden
Tagged Andreas Regnell, Anna Borg, Financial, investment, Kerstin Ahlfont, renewable energy, Vattenfall
Drax Partners with ANDRITZ to Boost Renewable Energy Capacity at Cruachan Pumped Storage Plant
(IN BRIEF) Renewable energy company Drax has selected international technology group ANDRITZ as the main contractor for the upgrade of its Cruachan pumped storage power plant in Scotland. The project entails the installation of two new generating units, including pump … Read the full press release
Posted in Austria, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, United Kingdom
Tagged Andritz, Cruachan Pumped Storage Plant, Dominik Fust, Drax, partnership, Penny Small, Renewable Energy Capacity, sustainability, UK
EIB Invests €150 Million in Helsinki’s Renewable Energy Transition
(IN BRIEF) The European Investment Bank (EIB) has inked a €150 million loan deal with Helen Ltd, a prominent Finnish energy company owned by the City of Helsinki. This funding aims to bolster two new renewable-energy initiatives in the district … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged EIB, Helen Ltd, Helsinki, investment, partnership, renewable energy, sustainability, Thomas Östros, Timo Rajala
Vattenfall and BASF Strengthen Renewable Energy Partnership with Nordlicht Wind Farm Deal
(IN BRIEF) Vattenfall and BASF have finalized an agreement for the sale of 49 percent of Vattenfall’s Nordlicht 1 and 2 wind farms to BASF, deepening their collaboration in renewable energy. Nordlicht, Vattenfall’s largest offshore wind project to date, is … Read the full press release
Posted in Business, Chemicals, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden
Tagged acquisition, Anna Borg, BASF, Germany, Martin Brudermüller, Nordlicht Wind Farm, partnership, renewable energy, sustainability, Vattenfall
EIB Invests €150 Million in Bhutan’s Renewable Energy Drive: A Step towards Carbon Neutrality
(IN BRIEF) In a landmark move, the European Investment Bank (EIB) has granted a €150 million loan to Bhutan, marking its first-ever investment in the country. This funding aims to bolster Bhutan’s renewable energy sector, particularly through the development of … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged Bhutan, carbon neutrality, EIB, investment, Leki Wangmo, Lyonpo Lekey Dorji, Markus Berndt, Nadia Calviño, partnership, renewable energy, sustainability
Vinci Invests €50 Million in NatPower SA, Expands Renewable Energy Portfolio
(IN BRIEF) VINCI, a leading infrastructure and construction company, has completed a €50 million investment in NatPower SA, a renewable energy platform operating in Italy, Great Britain, and the United States. This investment involves acquiring 10% of NatPower SA’s share … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, United Kingdom
Tagged Fabrizio Zago, Great Britain, Italy, NatPower SA, partnership, renewable energy, sustainability, United States, VINCI
RWE Embarks on Wind Farm Construction in Inden, Driving Renewable Energy Growth in Rhenish Lignite Area
(IN BRIEF) RWE, a key player in renewable energy, has commenced the construction of a new wind farm in the Rhenish lignite region, marking another milestone in the area’s energy transition. Set on recultivated land in the Inden opencast mine, … Read the full press release
RWE Launches US$2 Billion Green Bond, Eyes Expansion in Renewable Energy Market
(IN BRIEF) RWE, a leading renewable energy company, has successfully issued its first green US dollar bond, totaling US$2 billion, with maturities of 10 and 30 years and yields ranging from 5.926% to 6.261%. The bond, oversubscribed 3.8 times, signifies … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Investment, Management, News
Tagged expansion, Financial, investment, Michael Müller, renewable energy, RWE, sustainability
STMicroelectronics Secures Renewable Energy Contract for Italian Operations
(IN BRIEF) STMicroelectronics, a global semiconductor leader, has inked a ten-year Power Purchase Agreement (PPA) with Centrica Energy for the supply of renewable energy to its Italian operations, starting from January 2025. The agreement, based on approximately 61 GWh of … Read the full press release
Posted in Business, Denmark, Electronics & Machinery, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Switzerland, Technology
Tagged Centrica Energy, Geoff West, Italy, Kristian Gjerløv-Juel, partnership, renewable energy, STMicroelectronics, sustainability, UK
Webuild Group and Clough Unveil Australia’s Grand Renewable Energy Venture: Inside the Snowy Mountains Project
(IN BRIEF) Explore the depths of Australia’s ambitious renewable energy endeavor unfolding in the Snowy Mountains, where the Webuild Group and Clough, in collaboration with Snowy Hydro Limited, are spearheading the Future Generation project. This pumped-storage scheme, distinct from conventional … Read the full press release
Intesa Sanpaolo Partners with A2A to Power Operations with Renewable Energy
(IN BRIEF) In its ongoing commitment to reduce emissions and align with its ESG strategy, Intesa Sanpaolo has signed an agreement with A2A to procure electricity from renewable sources. This agreement, spanning ten years, will see Intesa Sanpaolo sourcing around … Read the full press release
SunMind Expands Renewable Energy Reach with SunWave Subsidiary
(IN BRIEF) SunMind, a subsidiary of VINCI Concessions specializing in renewable electricity production through photovoltaic power plants since 2022, is expanding its scope. With a focus on large-scale projects in new markets globally and supporting the solarization of VINCI Concessions’ … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, France, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged partnership, renewable energy, SunMind, SunWave, sustainability, VINCI
EBRD, Meridiam, and Hassan Allam Utilities Join Forces to Propel Egypt’s Renewable Energy Agenda
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) collaborates with Meridiam and Hassan Allam Utilities (HAU) to establish HAU Energy BV, a platform aimed at investing in renewable energy projects primarily in Egypt and potentially across Africa. This … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged Africa, Amr Allam, EBRD, EGYPT, Hassan Allam Utilities, Meridiam, Nandita Parshad, partnership, renewable energy, sustainability, Thierry Déau
Evonik’s DEGACRYL® Specialty Acrylate Production Goes Green with Renewable Energy
(IN BRIEF) Evonik’s Coating & Adhesive Resins Business Line in Darmstadt, Germany, has transitioned its production of DEGACRYL® specialty acrylates to renewable energy sources, reducing annual CO2 emissions by approximately 1,400 metric tons. This move aligns with the business line’s … Read the full press release
EDF Announces Leadership Changes to Drive Renewable Energy Growth
(IN BRIEF) EDF Renewables, a prominent player in renewable energy, is proposing Béatrice Buffon as its new Chairman and CEO. This change follows the decision of Bruno Bensasson, the current Chairman and CEO, to step down to pursue other opportunities. … Read the full press release
Posted in Business, Energy, Gas & Oil, France, Management
Tagged appointment, Béatrice Buffon, Bruno Bensasson, Chairman, Chief Executive Officer, EDF Hydro, EDF Renewables, Emmanuelle Verger, fight against climate change, French hydroelectricity, hydroelectric power, leadership, Luc Rémont, offshore wind farm, solar energy
BBVA Exceeds Renewable Energy Goals and Reduces Carbon Footprint
(IN BRIEF) BBVA Group reports significant achievements in its environmental sustainability efforts, with 96 percent of its power consumption sourced from renewable energy in 2023, surpassing its 70 percent target for 2025. The bank also managed to reduce its carbon … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Spain
Tagged BBVA, carbon footprint, partnership, renewable energy, sustainability
Iberdrola and Amazon Partner to Procure Renewable Energy from East Anglia THREE Wind Farm
(IN BRIEF) Iberdrola and Amazon strengthen their global renewable energy partnership with a new Power Purchase Agreement (PPA) for 159 MW of clean electricity from the East Anglia THREE offshore wind farm in the UK. This agreement expands Amazon’s commitment … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Spain, United Kingdom
Tagged Amazon, East Anglia THREE Wind Farm, Iberdrola, Lindsay McQuade, partnership, renewable energy, Sergio Hernández de Deza, sustainability, UK
Empa’s “Mining the Atmosphere” Initiative Targets High-Efficiency Renewable Energy Solutions for Industry
(IN BRIEF) Empa researchers are leading the charge in the “Mining the Atmosphere” initiative, aiming to harvest renewable energy from the Earth’s sun belt and transport it to industrial hubs like Switzerland. By utilizing pyrolysis to decarbonize natural gas, producing … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, News, Science, Switzerland, Technology
Tagged "Mining the Atmosphere", Christian Bach, Empa, renewable energy, sustainability
ENGIE Unveils Massive Battery Energy Storage System to Enhance Renewable Energy Integration
(IN BRIEF) ENGIE, a global leader in renewable energy, has introduced a groundbreaking Co-Located Battery Energy Storage System (BESS) with a storage capacity of 638 MWh and 139 MW of installed capacity. This innovative technology, utilizing lithium batteries, is integrated … Read the full press release
Vattenfall and Borealis Forge Renewable Energy Partnership to Drive Decarbonization
(IN BRIEF) Vattenfall and Borealis have entered into a groundbreaking long-term renewable hydropower purchase agreement (PPA) aimed at bolstering sustainability efforts. Starting January 2024, Vattenfall commenced supplying Borealis’ Stenungsund operations with 175 GWh per year of renewable energy sourced from … Read the full press release
WindEurope and Azerbaijan Renewable Energy Agency Join Forces to Boost Wind Energy in Caspian Region
(IN BRIEF) WindEurope and the Azerbaijan Renewable Energy Agency have signed a Memorandum of Understanding (MoU) to accelerate the deployment of onshore and offshore wind energy in Azerbaijan and the broader Caspian Sea area. This collaboration aims to leverage Azerbaijan’s … Read the full press release
AFRY Strengthens Renewable Energy Portfolio with Carelin Oy Acquisition
(IN BRIEF) AFRY has announced its acquisition of Carelin Oy, a leading provider of project management, energy, and asset care services in the Finnish renewable energy market. This strategic move aims to enhance AFRY’s offerings in the renewables sector, allowing … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Management, Sweden, Technology
Tagged acquisiiton, advisory services, ÅF Pöyry, AFRY, Andrea Giesecke, Asset care, Asset lifecycle management, Carelin Oy, clean energy, Construction preparation, decarbonisation, design, digital services, energy services, energy storage, engineering, Finnish renewable sector, Full lifecycle services, Linda Pålsson, Market leader, Market presence, Nasdaq Stockholm, net sales, Operations and Maintenance, Oulu, Owner's Engineering, Project care services, project management, renewable energy, Seinäjoki, Site care, solar power, Strategic acquisitions, sustainable society, Tampere, Technical inspections, Ville Alatalo, wind power, Ylivieska
Sustainable Support: Repsol Powers Spanish Antarctic Campaign with 100% Renewable Energy
(IN BRIEF) Repsol, a leading energy company, is supplying 100% renewable fuels to power the Gabriel de Castilla Base during the Spanish Army’s 37th Antarctic Campaign. This initiative supports sustainability efforts in one of the most environmentally sensitive regions on … Read the full press release
Posted in Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Science, Spain
Tagged 100% renewable fuels, 37th Antarctic Campaign, AENOR, Antarctic Campaign, Antarctic Treaty, Antarctica, biofuels, biomethane, Cartagena, Deception Island, electricity, Environmental Management System Certification, Gabriel de Castilla Base, heating, hot water, Iberian Peninsula, ISO 14001, Madrid Protocol, renewable fuels, Renewable hydrogen, Repsol, Repsol Technology Lab, Spanish Army, Spanish terrestrial army, zero net emissions
Arkema Advances Climate Plan with Long-Term Renewable Energy Agreements
(IN BRIEF) Arkema has taken significant steps towards its climate plan goals by signing long-term renewable energy agreements for multiple sites across the United States. These agreements, with energy providers like Tennessee Valley Authority (TVA), Entergy, and 3Degrees, are expected … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged 3Degrees, Arkema, Beaumont (Texas), Bostik, Calvert City (Kentucky), Chatham (Virginia), Chester (Pennsylvania), Climate Plan, Entergy, partnership, renewable energy, sustainability, Tennessee Valley Authority (TVA), TONY O’DONOVAN, USA, West Chester (Pennsylvania)
Euronext Welcomes Espe’s Renewable Energy Solutions to Milan Market
(IN BRIEF) Espe, an energy company based near Padua, Italy, has been listed on Euronext Growth Milan, marking its third listing in 2024 and the sixth overall on Euronext this year. The company specializes in industrial electrical and automation systems, … Read the full press release
PNE Group Surpasses 100 Project Milestone, Facilitating Growth in Renewable Energy Sector
(IN BRIEF) PNE Group proudly announces a significant achievement in its mission to drive renewable energy adoption: surpassing the milestone of supporting over 100 wind and photovoltaic project companies through its pioneering consulting programme, “Power Purchase Agreements (PPA) as a … Read the full press release
Posted in Energy, Gas & Oil, Environment, Germany, Industrial, Infrastructure & Utilities
Tagged electricity, Nils Kompe, photovoltaic project, PPA, renewable energy, The PNE Group, Wind
Pike Solar Project by JUWI Marks Major Leap in Colorado’s Renewable Energy Landscape
(IN BRIEF) JUWI, a subsidiary of MVV, has completed the construction of the Pike Solar project in Colorado, the largest PV project in its history, generating 223.6 megawatts. The solar park will supply energy to Colorado Springs Utilities under a … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Germany, Industrial, Infrastructure & Utilities, Technology
Tagged Carsten Bovenschen, Chris Fallon, clean electricity, Colorado Springs Utilities, CSU, Deriva, Duke Energy, electricity, juwi, Michael Martin, MVV, Pike Solar, project development, PV project, renewable energy, solar farm, solar park, Stephan Hansen, Travas Deal
EIB and Terna Seal €500 Million Deal for Tyrrhenian Link Renewable Energy Project
(IN BRIEF) During the EIB Forum in Luxembourg, the European Investment Bank (EIB) and Terna signed a €500 million financing contract, marking the final tranche of the €1.9 billion financing for the Tyrrhenian Link project. This submarine electricity cable, spanning … 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 EIB, Gelsomina Vigliotti, Giuseppina Di Foggia, Italy, partnership, Renewable Energy Project, sustainability, Terna, Tyrrhenian Link
Gasum to Invest €62 Million in Borlänge Biogas Plant to Boost Renewable Energy Production
(IN BRIEF) Gasum, a Nordic energy company, is set to invest over €62 million in the construction of a biogas plant in Borlänge, Sweden. This initiative is part of Gasum’s larger plan to build five large-scale biogas plants in Sweden, … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Investment, Management, News, Sweden
Tagged biogas plant, Borlänge, Erik Woode, Gasum, investment, partnership, renewable energy production, sustainability, Sweden
European Investment Bank Pours €1.26 Billion into Austria for Renewable Energy, Water Supply, and Housing Projects in 2023
(IN BRIEF) The European Investment Bank (EIB) Group in Austria has revealed its commitment to financing projects focused on renewable energies, water supply, and social housing in 2023, with a total investment of €1.26 billion. Despite an initial cautious approach … Read the full press release
Posted in Austria, Banks, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, News, Real Estate
Tagged Austria, European Investment Bank, Housing Projects, partnership, renewable energy, SMEs, sustainability, Thomas Östros, water supply
Ocean Winds’ Moray West Wind Farm Powers Amazon’s Renewable Energy Ambitions
(IN BRIEF) Amazon has expanded its commitment to renewable energy by signing a corporate power purchase agreement (CPPA) with ENGIE. This agreement increases Amazon’s share of the energy output from the Moray West offshore wind farm in Scotland to 473MW, … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, United Kingdom
Tagged Amazon, Bautista Rodriguez, clean energy, CPPA, EDP Renewables, ENGIE, Lindsay McQuade, Moray West, Ocean Winds, Offshore wind, offshore wind farm, Paulo Almirante, renewable energy, Scotland
DHL Group Inks 10-Year Renewable Energy Deal with RWE Supply & Trading
(IN BRIEF) DHL Group has signed a significant 10-year green energy agreement with RWE Supply & Trading, starting in 2026, to purchase approximately 104 gigawatt-hours of renewable electricity annually. This move aligns with DHL Group’s commitment to decarbonization and sustainability, … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Germany, Industrial, Infrastructure & Utilities, Transportation & Logistics
Tagged Amrumbank West, Anna Spinelli, DHL Group, electricity, green electricity, Hendrik Niebaum, Kaskasi offshore wind farm, logistics, Nordsee Ost, offshore wind farm, recyclable rotor blades, renewable energies, RWE, RWE wind farms
Sustainability Milestone: Eurogrid’s Green Bonds Support 50Hertz’s Renewable Energy Goals
(IN BRIEF) Eurogrid, the parent company of 50Hertz, a transmission system operator, has secured 1.5 billion euros through its third and fourth Green Bond issuances. These funds will support grid expansion projects on land and at sea to enhance the … Read the full press release
Posted in Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Technology
Tagged 50Hertz, Banco Santander, energy transition, Eurogrid, green bond, Grid Expansion, Marco Nix, Mizuho Bank, Rabobank, renewable electricity, transmission system, UniCredit Bank
EBRD Extends €29 Million Financing for Eurowatt’s Renewable Energy Expansion in Poland
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a financial package of up to PLN 126.1 million (€29 million equivalent) to support the growth of renewable energy capacity in Poland. The funding will be directed towards … Read the full press release
SEB Joins Investment in Copenhagen Energy Islands for Offshore Renewable Energy Expansion
(IN BRIEF) SEB has announced its investment in Copenhagen Energy Islands, a new development company by Copenhagen Infrastructure Partners (CIP), dedicated to creating energy islands globally. These large-scale offshore energy hubs are poised to play a crucial role in the … Read the full press release
Posted in Banks, Business, Denmark, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden
Tagged Copenhagen Energy Islands, investment, Jakob Baruël Poulsen, Kristian Skovmand, offshore, partnership, renewable energy, SEB, sustainability
Ørsted Approves Investment in 22nd Irish Wind Farm, Boosting Renewable Energy in the Region
(IN BRIEF) Ørsted has given the green light for the Farranrory Onshore Wind Farm in Tipperary, marking its 22nd wind farm project in Ireland. Comprising nine wind turbines with a total capacity of 43.2 MW, the wind farm is set … Read the full press release
EBRD Grants €29 Million for Renewable Energy Projects in Poland
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a financial package of up to PLN 126.1 million (€29 million) to subsidiaries of Eurowatt Green Energy Group SA, Baltic Sea Polska II sp. z o.o., and C&C … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Poland, United Kingdom
Tagged Baltic Sea Polska II sp. z o.o., C&C Wind sp. z o.o., EBRD, Eurowatt Green Energy Group SA, partnership, Poland, renewable energy projects, sustainability
EBRD Commits €100 Million to Taaleri SolarWind III Fund for Renewable Energy Projects
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is investing up to €100 million in Taaleri SolarWind III, a fund managed by Finland-based Taaleri Energia. This investment aims to support the development of 800 MW of new renewable … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Finland, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom
Tagged Anne Fossemalle, EBRD, Finland, fund, Kai Rintala, partnership, renewable energy projects, sustainability, Taaleri Energia, Taaleri SolarWind III