Search Results for: electricity

Norwegian Government Greenlights Snøhvit Future Project: Focus on Electrification and Sustainable Gas Production

Posted on 9, August 2023 by

(IN BRIEF) The Norwegian government has given the go-ahead to the Snøhvit Future project, with certain conditions. This initiative focuses on onshore compression starting in 2028 and plant electrification from 2030. The decision aims to enhance Norway’s position as a … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Government, Industrial, Management, News, Norway

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Lithuania’s First Offshore Wind Auction Sees Ignitis Group and OceanWinds as Winners, Plans for Improved CfD Model in Future Tender

Posted on 8, August 2023 by

(IN BRIEF) Lithuania has successfully conducted its first offshore wind auction, with a consortium of Ignitis Group and OceanWinds emerging as the winner. They paid €20 million for the right to develop the 700 MW offshore wind project, expected to … Read the full press release →

Posted in Belgium, Business, Energy, Gas & Oil, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News

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Leading Infection Prevention Company, Schülke to Join ATHOS Consortium Following EQT Private Equity’s Strategic Ownership

Posted on 8, August 2023 by

(IN BRIEF) EQT Private Equity has agreed to sell Schülke, a provider of infection prevention solutions for the healthcare industry, to the ATHOS Consortium. Under EQT’s ownership, Schülke focused on the healthcare market, expanded into new geographies, and became a … Read the full press release →

Posted in Business, Financial, Germany, Healthcare, Investment, Sweden

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TotalEnergies and SOCAR Divest Stake in Absheron Gas Field to ADNOC

Posted on 5, August 2023 by

(IN BRIEF) TotalEnergies and its partner SOCAR have signed an agreement to sell a 15% participating interest each in the Absheron gas field to ADNOC. Following the completion of this transaction, TotalEnergies will retain a 35% interest in the Absheron … Read the full press release →

Posted in Business, Energy, Gas & Oil, France, Government, Industrial, Infrastructure & Utilities, Management, News

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Wood Advances Low Carbon Pipelines Projects in North America Amid Growing Clean Energy Investments

Posted on 4, August 2023 by

(IN BRIEF) Wood, a leading engineering firm, is undertaking concept and front-end engineering and design (FEED) studies for nearly 2,000 miles of onshore low carbon pipelines in North America. With a proven track record in designing some of the longest … Read the full press release →

Posted in Business, Environment, Industrial, Infrastructure & Utilities, Management, News, United Kingdom

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BASF’s LCA Study Reveals Environmentally Friendly Mozzarella Packaging Solutions

Posted on 3, August 2023 by

(IN BRIEF) BASF has conducted a Life Cycle Assessment (LCA) study on the environmental impact of mozzarella packaging using alternative raw materials in food-grade plastics production. The study compared a flexible multi-layer packaging with fossil feedstock-based packaging and a fossil-based … Read the full press release →

Posted in Agriculture, Business, Chemicals, Environment, Germany, Industrial, Management, News

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Quantum Computing Advancement: Airbus, BMW, and Quantinuum Tackle Fuel Cell Efficiency

Posted on 2, August 2023 by

(IN BRIEF) Airbus, BMW Group, and Quantinuum, leaders in mobility and quantum technologies, have collaborated to develop a hybrid quantum-classical workflow. Their focus is on using quantum computers to simulate quantum systems and study the chemical reactions of catalysts in … Read the full press release →

Posted in Aviation & Aerospace, Energy, Gas & Oil, France, Germany, Industrial, Science, Technology, Transportation & Logistics, United Kingdom

ENTSO-E Annual Report 2022 Highlights TSOs’ Commitment to a Carbon-Neutral Europe

Posted on 1, August 2023 by

(IN BRIEF) The ENTSO-E Annual Report 2022 provides comprehensive information about the activities and products developed by the Member Transmission System Operators (TSOs) from January to December 2022. The report highlights their efforts in implementing legal mandates and Pan-European tasks … Read the full press release →

Posted in Belgium, Business, Energy, Gas & Oil, Environment, Industrial, Management, News

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Evonik’s Climate Targets Confirmed by Science-Based Initiative, Paving the Way for Sustainable Growth

Posted on 28, July 2023 by

(IN BRIEF) Evonik’s climate targets have been scientifically verified and confirmed by the independent Science Based Targets initiative (SBTi), aligning with the Paris Agreement’s goal of limiting global warming. The company aims to reduce greenhouse gas emissions by 25% by … Read the full press release →

Posted in Business, Chemicals, Energy, Gas & Oil, Environment, Germany, Management, News

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HELLENiQ ENERGY Secures €766 Million Financing Deal for Expanding Renewable Energy Portfolio in Greece

Posted on 28, July 2023 by

(IN BRIEF) HELLENiQ ENERGY’s subsidiary, HELLENiQ Renewables, has signed a financing framework agreement of up to €766 million with National Bank of Greece S.A. and Eurobank S.A. The agreement aims to implement multiple financing arrangements for electricity generation from Renewable … Read the full press release →

Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Greece, Industrial, Infrastructure & Utilities, Investment, Management, News

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VERBUND Reports Strong Financial Results in Q1-Q2 2023, Continues Renewable Energy Expansion

Posted on 28, July 2023 by

(IN BRIEF) VERBUND, an energy company, reported strong financial results for the first half of 2023, with a significant increase in EBITDA and Group result compared to the previous year. The improvement was attributed to falling wholesale gas and electricity … Read the full press release →

Posted in Austria, Business, Energy, Gas & Oil, Environment, Financial, Industrial, Management, News

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Renewable Energy Surpasses Fossil Fuels for Second Year Running in UK’s Record-Breaking 2022

Posted on 27, July 2023 by

(IN BRIEF) The UK Department for Energy Security and Net Zero has released new statistics showing that renewables generated a record-breaking amount of electricity in 2022, surpassing fossil fuels for the second consecutive year. Renewable sources accounted for 41.5% of … Read the full press release →

Posted in Energy, Gas & Oil, Environment, United Kingdom

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Survey Challenges Wind Power Stereotypes: Majority in Wind Farm Vicinity Back Further Development

Posted on 27, July 2023 by

(IN BRIEF) A recent survey conducted in Northumberland, north-east England, revealed surprising results about attitudes towards wind power. Contrary to popular belief, three-quarters of respondents living near wind turbines supported onshore wind farms and wished to see further growth in … Read the full press release →

Posted in Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Society, Sweden

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Albania’s First Onshore Wind Auction Sees Success with EBRD Support and Record Prices

Posted on 27, July 2023 by

(IN BRIEF) Albania has announced the results of its first utility-scale bidder-selected site auction for onshore wind, part of the country’s third renewable energy auction. Three bidders, Total Eren, Guris, and Verbund, have been awarded a total capacity of 222.48 … Read the full press release →

Posted in Banks, Business, Energy, Gas & Oil, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom

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Clean Energy Giants Masdar (UAE) and Iberdrola Join Forces in €1.6 Billion / 476 MW Baltic Eagle Offshore Wind Farm Deal in Germany

Posted on 26, July 2023 by

(IN BRIEF) Masdar, the UAE’s flagship renewable energy company, partners with Iberdrola, a global clean energy leader, to invest in the 476 MW Baltic Eagle offshore wind farm in the German Baltic Sea. Iberdrola will retain a majority 51% stake … Read the full press release →

Posted in Energy, Gas & Oil, Environment, Spain

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Germany’s Vice-Chancellor Robert Habeck Commits €2 Billion to thyssenkrupp’s Green Steel Project tkH2Steel

Posted on 26, July 2023 by

(IN BRIEF) Robert Habeck, Germany’s Vice-Chancellor and Minister for Economic Affairs and Climate Action, pledges around two billion euros in funding to thyssenkrupp Steel’s “tkH2Steel” decarbonization project. The joint effort with the state government of North Rhine-Westphalia aims to revolutionize … Read the full press release →

Posted in Energy, Gas & Oil, Environment, Germany, Government, Industrial, Metals and Minerals, Politics

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Poll Highlights Swing Voters’ Support for Green Economy: RenewableUK’s Key Findings

Posted on 26, July 2023 by

(IN BRIEF) A recent independent poll conducted by Opinium Research for RenewableUK revealed that the majority of swing voters want more action on renewable energy. Among voters who supported the Conservatives but plan to switch to Labour, 67% believe the … Read the full press release →

Posted in Economy, Energy, Gas & Oil, Environment, Politics, Society, United Kingdom

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Enel S.p.A. Reports Impressive 52% Surge in Net Income for H1 2023

Posted on 26, July 2023 by

(IN BRIEF) Enel S.p.A., a multinational energy company, announced its financial results for the first half of 2023. The company showcased robust growth in key financial metrics, with revenues of 47,095 million euros (-28.2%) and ordinary EBITDA of 10,739 million … Read the full press release →

Posted in Business, Energy, Gas & Oil, Financial, Investment, Italy, Management

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Lightsource bp Retains No. 2 Spot on Solar Power World’s 2023 Top Solar Developers List in the U.S.

Posted on 26, July 2023 by

(IN BRIEF) Lightsource bp, a global leader in solar energy and energy storage projects, has been ranked as the #2 utility-scale solar developer in the U.S. by Solar Power World in their 2023 Top Solar Developers list. This recognition is … Read the full press release →

Posted in Awards, Business, Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Management, News, Technology, United Kingdom

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TotalEnergies Strengthens Renewable Energy Position with Full Acquisition of Total Eren and New Green Hydrogen Partnership

Posted on 26, July 2023 by

(IN BRIEF) TotalEnergies, a global multi-energy company, has fully acquired Total Eren after a successful strategic alliance of five years. The acquisition increases TotalEnergies’ stake from close to 30% to 100%, integrating Total Eren’s teams within TotalEnergies’ Renewables business unit. … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, France, Industrial, Infrastructure & Utilities, Management, News

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RWE Raises Earnings Outlook for 2023 on Strong First-Half Performance in International Power Generation

Posted on 26, July 2023 by

(IN BRIEF) RWE, a German energy company, has raised its earnings forecast for fiscal year 2023 based on strong operational performance in the first half of the year. The increase in earnings is primarily attributed to international power generation in … Read the full press release →

Posted in Business, Energy, Gas & Oil, Financial, Germany, Industrial, Management, News

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EIB Approves €575 Million Loan to Boost Repsol’s Renewable Energy Projects in Spain

Posted on 26, July 2023 by

(IN BRIEF) The European Investment Bank (EIB) has approved a €575 million loan to support Repsol’s renewable energy projects in Spain, which will include wind and solar photovoltaic plants with a total capacity of 1.1 GW. The loan, signed in … Read the full press release →

Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, News, United Kingdom

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EIB Boosts Repsol’s Green Vision with €575 Million Loan for Spanish Renewables

Posted on 25, July 2023 by

(IN BRIEF) The European Investment Bank (EIB) has approved a €575 million loan to support Repsol’s wind and solar PV projects in Spain, with a total capacity of 1.1 GW. The first tranche of €400 million will accelerate the energy … Read the full press release →

Posted in Banks, Energy, Gas & Oil, Environment, Financial, Investment, Luxembourg, Spain

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European Energy Transition: Repsol Warns Against Overdependence on China and Russia

Posted on 25, July 2023 by

(IN BRIEF) During the General Shareholders’ Meeting, Repsol’s Chairman, Antonio Brufau, highlighted the company’s commitment to the energy transition and its potential for an “enormous opportunity.” Repsol aims to transform its business with a focus on human, technological, and industrial … Read the full press release →

Posted in Business, Energy, Gas & Oil, Spain

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LEAG Advances Energy Transition with Permit Application for Innovative Power-to-X Plant in Germany

Posted on 25, July 2023 by

(IN BRIEF) Lausitz Energie Kraftwerke AG (LEAG), the largest private energy company in eastern Germany, has submitted a permit application for the construction of an innovative Power-to-X plant in Jänschwalde, Lusatia. The plant will store and re-electrify excess renewable energy … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Management, News, Sweden

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Schneider Electric Opens Applications for 2023 Sustainability Impact Awards, Expands to Include Customers and Suppliers

Posted on 25, July 2023 by

(IN BRIEF) Schneider Electric has announced the opening of applications for the second installment of the Schneider Electric Sustainability Impact Awards. Launched in 2022, these awards recognize the contributions of Schneider’s partner ecosystem in promoting sustainability and digital transformation in … Read the full press release →

Posted in Awards, Business, Energy, Gas & Oil, Environment, France, Industrial, Management, News

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European Investment Bank Supports Equitable Growth with €28.4 Billion Financing in EU Cohesion Regions

Posted on 21, July 2023 by

(IN BRIEF) In 2022, the European Investment Bank (EIB) focused on promoting equitable growth and convergence of living standards by providing €28.4 billion in new financing for projects in EU cohesion regions. Poland was the largest beneficiary, receiving €24.8 billion, … Read the full press release →

Posted in Banks, Business, Environment, Financial, Industrial, Investment, Management, News, Technology, United Kingdom

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Vattenfall Expands German Solar Development Portfolio with Acquisition of Solizer

Posted on 21, July 2023 by

(IN BRIEF) Vattenfall, a leading energy company, has acquired Solizer, a German solar developer, as part of its efforts to enable fossil-free living. The acquisition includes an experienced team and a pipeline of large-scale solar projects in Germany, totaling 4 … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Management, News, Sweden

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Hydro Rein and GreenGo Energy to Develop Two New Solar Projects in Denmark, Expanding Partnership

Posted on 20, July 2023 by

(IN BRIEF) Hydro Rein and GreenGo Energy have expanded their partnership to develop two new early phase solar projects in Denmark. The combined capacity of the projects is 410 MW, with an estimated total annual production of 522 GWh. The … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Industrial, Management, News, Norway

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Alarming Figures: 9.3% of EU Population Can’t Afford Adequate Home Heating, European Economic and Social Committee (EESC) Warns

Posted on 20, July 2023 by

(IN BRIEF) Approximately 42 million people in the European Union (EU) are unable to afford proper heating for their homes, according to the European Economic and Social Committee (EESC). The EESC emphasized the need for the EU to take decisive … Read the full press release →

Posted in Energy, Gas & Oil, European Union, Politics, Society, Transportation & Logistics

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Investment Powerhouses Impala and Exor Forge Strategic Alliance to Drive the Expansion of TagEnergy’s Renewable Solutions

Posted on 20, July 2023 by

(IN BRIEF) Investment firms Impala and Exor have partnered to support the growth of TagEnergy, a company operating in the renewable and energy storage sectors. TagEnergy, founded in 2019 by Franck Woitiez and Jacques Veyrat, focuses on developing, financing, and … Read the full press release →

Posted in Energy, Gas & Oil, Financial, France, Investment, Netherlands, Portugal

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Angus Rural Mobility Hub Receives Funding to Advance Green Hydrogen Development

Posted on 19, July 2023 by

(IN BRIEF) The Angus Rural Mobility Hub, in collaboration with the University of Dundee, Angus Council, and Dalhousie Estates, has been awarded funding of £10,000 from the Energy Technology Partnership (ETP) to explore the development of green hydrogen for heavy-duty … Read the full press release →

Posted in Business, Education, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, United Kingdom

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RWE Clean Energy Signs Multiple PPAs to Power 70,000 Homes in Virginia, United States

Posted on 18, July 2023 by

(IN BRIEF) RWE Clean Energy has signed eight long-term power purchase agreements (PPAs) with Dominion Energy Virginia for seven solar projects, totaling over 300 MW of capacity. The solar energy generated from these projects will power more than 70,000 homes … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Germany

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EnBW Reappoints Dirk Güsewell and Georg Stamatelopoulos to Board of Management

Posted on 18, July 2023 by

(IN BRIEF) EnBW Energie Baden-Württemberg AG’s Supervisory Board has made an early decision to reappoint Dirk Güsewell and Dr. Georg Stamatelopoulos as members of the Board of Management for an additional five years. Dirk Güsewell oversees System Critical Infrastructure, while … Read the full press release →

Posted in Business, Energy, Gas & Oil, Germany, Industrial, Management, News

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TotalEnergies, Aramco, and SABIC Successfully Convert Plastic Waste into Certified Circular Polymers in the Middle East

Posted on 18, July 2023 by

(IN BRIEF) TotalEnergies, Aramco, and SABIC have achieved a significant milestone in the Middle East and North Africa by successfully converting plastic waste-derived oil into ISCC+ certified circular polymers. The plastic pyrolysis oil was processed at the SATORP refinery in … Read the full press release →

Posted in Business, Chemicals, Energy, Gas & Oil, Environment, France, Industrial, Management, News, Technology

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European Investment Bank and Banco Santander Partner to Boost Renewable Energy in Brazil

Posted on 18, July 2023 by

(IN BRIEF) The European Investment Bank (EIB) and Banco Santander (Brasil) have signed a €300 million loan agreement to promote the use of renewable energy in Brazil. The loan will support the installation of small-scale solar photovoltaic plants, primarily on … Read the full press release →

Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, News, United Kingdom

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EIB Global and Development Bank of North Macedonia (DBNM) Partner to Drive Green Transition in North Macedonian SMEs with €100 Million Investment

Posted on 17, July 2023 by

(IN BRIEF) The European Investment Bank (EIB) Global and the Development Bank of North Macedonia (DBNM) have joined forces to unlock €100 million of EU investment aimed at promoting the green transformation of small and medium-sized enterprises (SMEs) in North … Read the full press release →

Posted in Banks, European Union, Investment, North Macedonia, Small Business

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European Union’s Global Gateway Initiative Supports Sustainable Projects in South America

Posted on 14, July 2023 by

(IN BRIEF) The European Investment Bank (EIB) has announced the signing of multiple loans during the European Union-Community of Latin American and Caribbean States (CELAC) Summit of Heads of State and Government. These loans will provide financing for climate action … Read the full press release →

Posted in Banks, Energy, Gas & Oil, Environment, European Union, Financial, Luxembourg

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Terna’s Driving Energy Award 2023 Sees Record Participation in Contemporary Photography

Posted on 14, July 2023 by

(IN BRIEF) Terna’s Driving Energy Award 2023 – Contemporary Photography has received a record number of participants, with 2,800 photographs submitted from all regions and provinces of Italy. The second edition of the award focuses on the theme “In praise … Read the full press release →

Posted in Art & Culture, Awards, Business, Energy, Gas & Oil, Industrial, Italy, Management, Media, News

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UAE and Spain Collaborate on Boosting Renewable Energy Capacity

Posted on 14, July 2023 by

(IN BRIEF) Dr Sultan Al Jaber, Chairman of Masdar, and Ignacio Galán, Executive Chairman of Iberdrola, met in Madrid to discuss increasing renewable energy capacity and supporting global net-zero goals. The meeting took place ahead of the UAE hosting the … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Industrial, Management, News, Spain

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