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Search Results for: energy transition
BASF Shanghai Coatings Sites and Resin Plant Transition to 100% Renewable Energy, Advancing Sustainability Goals
(IN BRIEF) BASF Shanghai Coatings sites and BASF Coatings’ resin plant in Shanghai have announced their transition to 100% renewable energy usage in 2023. This move aligns with BASF Coatings’ global sustainability targets and contributes to carbon reduction efforts. Through … Read the full press release
DNV GL report: we must transition to a clean energy future faster, much faster
Call for 10 times more solar power and five times more wind power, as well as a 50-fold increase in battery production for the 50 million electric vehicles needed every year for the next 10 years (PRESS RELEASE) ARNHEM, The … Read the full press release
Posted in Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Netherlands, News, Norway, Science, Technology
Tagged clean energy, digitalization, Ditlev Engel, DNV GL, energy transition, Equinor, global warming, Paris Agreement, reduce CO2 emissions, renewable energy, renewable energy generation, renewable solutions, renewables, REPORT, RES, Vestas
RenewableUK’s Hugh McNeal on MHI Vestas Offshore Wind’s new facility at Fawley: powerful symbol of UK’s transition from fossil fuels to renewable energy
LONDON, 13-Nov-2017 — /EuropaWire/ — RenewableUK is highlighting today’s announcement by MHI Vestas Offshore Wind that it is opening a new plant at Fawley in Hampshire – on the site of a decommissioned oil-fired power station. The company is already manufacturing … Read the full press release
Aalborg University: CORPE accelerates transition to more renewable energy by developing necessary cheap and reliable power electronics
Key persons from companies in Japan, China, Germany, Italy and Sweden were in attendance when one of the major ventures in Danish energy research presented its first five years of results and future partnering opportunities at Aalborg University. AALBORG, 17-Nov-2016 … Read the full press release
EIB and BNZ Join Forces to Expand Solar Energy in Southern Europe with €166 Million Green Loan
(IN BRIEF) The European Investment Bank (EIB) and BNZ have signed a €166 million loan to support the construction of 17 new solar photovoltaic plants in Spain, Italy, and Portugal, as part of a larger €500 million initiative. These plants … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Luxembourg, Management, News, Portugal, Spain
Tagged BNZ, EIB, Francesco Cacciabue, Italy, Luis Selva, partnership, PORTUGAL, solar energy, Southern Europe, Spain, sustainability
AFRY and Aurecon Team Up for Queensland’s Borumba Pumped Hydro Energy Storage Project
(IN BRIEF) AFRY and Aurecon have partnered to design the Borumba Pumped Hydro Energy Storage project in Queensland, Australia. Awarded by Queensland Hydro, the project will provide 2,000 MW of electricity for 24 hours with a storage capacity of 48,000 … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology
Tagged AFRY, Aurecon, Australia, Borumba Pumped Hydro Energy Storage Project, Kieran Cusack, Knut Sierotzki, partnership, Paul Gleeson, Queensland, sustainability
€97 Million Investment to Boost Sicily’s Renewable Energy with New Wind Farm
(IN BRIEF) The European Investment Bank (EIB) and Natixis CIB are providing €97 million in financing to Libeccio S.r.l. for a new wind farm in Mazara del Vallo, Sicily. With a capacity of 44.8 MW, the wind farm will provide … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged Alessandro Izzo, EIB, investment, Natixis CIB, partnership, renewable energy, Sicily, sustainability, wind farm
Kaunas Secures €35 Million EIB Loan to Upgrade Heating System and Boost Renewable Energy
(IN BRIEF) Kaunas, Lithuania’s second-largest city, will modernize its district heating system using a €35 million loan from the European Investment Bank (EIB), supported by the European Commission’s InvestEU program. The project, led by utility company Kauno Energija, will upgrade … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Lithuania, Luxembourg, Management, News, Technology
Tagged EIB, heating system, Kaunas, Kauno Energija, Lithuania, partnership, renewable energy, sustainability, Thomas Östros, Tomas Garasimavičius
Apollo Acquires Stake in bp’s Trans Adriatic Pipeline, Exploring Further Energy Collaboration
(IN BRIEF) Apollo Global Management has purchased a non-controlling stake in bp Pipelines TAP Limited, which holds bp’s 20% share in the Trans Adriatic Pipeline (TAP), for approximately $1 billion. While bp remains the controlling shareholder, this partnership allows bp … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, United Kingdom
Tagged Apollo Global Management, BP, bp Pipelines TAP Limited, energy infrastructure, energy transition, Europe, Gas Projects, Greece, Italy, Leslie Mapondera, low-carbon energy, natural gas, Shah Deniz gas field, Skardon Baker, strategic partnership, TAP, Trans Adriatic Pipeline, William Lin
EIB Funds New Wind Farm in Lower Austria to Power 40,000 Homes with Clean Energy
(IN BRIEF) The European Investment Bank (EIB) has provided €20.1 million to WEB Windenergie AG (W.E.B) for the construction of a new wind farm in Spannberg, Lower Austria. The project’s first phase will build four wind turbines, with plans to … Read the full press release
Posted in Austria, Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged (WEB) Windenergie AG, Austria, clean energy, EIB, partnership, sustainabilty, Thomas Östros, wind farm
EBRD Supports Türkiye’s Renewable Energy Expansion with $60 Million Loan to Borusan EnBW Enerji
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided a $60 million loan to Borusan EnBW Enerji to support the development of 116 MW of onshore wind-energy capacity in Türkiye’s Sivas and Tekirdağ provinces. This investment is … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Turkey, United Kingdom
Tagged Aida Sitdikova, Borusan EnBW Enerji, EBRD, Germany, partnership, renewable energy, sustainability, Turkey
EIF Injects €35 Million into Adara Ventures Energy Fund to Propel Clean Energy Innovations
(IN BRIEF) On 5 September 2024, the European Investment Fund (EIF) announced a €35 million investment in Adara Ventures’ newly launched Energy Fund. With a target size of €120 million, the fund aims to support early-stage companies specializing in technologies … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Spain, Technology
Tagged Adara Ventures, Alberto Echeverri, Alberto Gómez, EIF, Energy Fund, Marjut Falkstedt, partnership, Spain, sustainability
Vattenfall Wins UK Contracts to Boost Renewable Energy with 100 MW Wind and Solar Projects
(IN BRIEF) On September 4, 2024, Vattenfall announced it has secured Contracts for Difference (CfD) for two significant renewable energy projects in the UK. The Clashindarroch II onshore wind farm and the Kemberton solar farm will collectively add 100 MW … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, United Kingdom
Tagged Clashindarroch II onshore wind farm, Contracts for Difference (CfD), Frank Elsworth, Kemberton solar farm, partnership, renewable energy, sustainability, UK, Vattenfall, Wind and Solar Projects
Evonik Switches to 100% Renewable Energy for ROHACELL® Foam Production, Cutting 3,400 Tons of CO2 Annually
(IN BRIEF) Evonik has upgraded the production of its ROHACELL® high-performance foams at the Darmstadt site to use 100% renewable energy. This transition is expected to reduce the company’s CO2 emissions by 3,400 metric tons annually. The move is part … Read the full press release
EIB Grants €50 Million to Upgrade Slovenia’s Electricity Grid, Boosting Renewable Energy and Grid Reliability
(IN BRIEF) The European Investment Bank (EIB) has provided a €50 million loan to Slovenia’s largest energy distribution company, Elektro Ljubljana, to expand and upgrade the electricity grid in the central and southeastern regions of the country. The project, which … Read the full press release
Posted in Banks, Energy, Gas & Oil, European Union, Financial, Infrastructure & Utilities, Slovenia
Tagged EIB, electric-vehicle charging stations, electrification, Elektro Ljubljana, energy distribution network, EU policy goals, European Investment Bank, financing, green transition, Grid Expansion, heat pumps, infrastructure upgrades, Kyriacos Kakouris, Ministry of the Environment Climate and Energy, net zero, Recovery and Resilience Plan, renewable energy, REPowerEU initiative, Slovenia, smart meters, social and territorial cohesion, sustainable development, Tina Seršen, Urban Likozar, €50 million loan
Thyssenkrupp Steel, E.ON, and König-Brauerei Launch Sustainable Energy Project, Slashing CO2 Emissions by 75%
(IN BRIEF) Thyssenkrupp Steel, E.ON, and König-Brauerei have launched an innovative project that repurposes waste heat from steel production to power the brewing processes at König-Brauerei. The initiative, which includes the construction of a steam transfer pipeline by E.ON, allows … Read the full press release
DWS Strengthens Renewable Energy Portfolio with Swedish Onshore Wind Farm Acquisition
(IN BRIEF) DWS has expanded its European infrastructure investment portfolio by acquiring Heather Wind AB, an onshore wind farm in Sweden with a capacity of 48 MWp. This acquisition, part of DWS’s strategy to diversify its renewable energy assets, follows … Read the full press release
EIB Approves €10.8 Billion in New Investments for Green Energy, Business Innovation, and Infrastructure Development
(IN BRIEF) The European Investment Bank (EIB) has approved €10.8 billion in new financing to support a diverse range of projects focused on green energy, business innovation, health, housing, education, and infrastructure development. This includes significant investments in clean energy … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Small Business
Tagged Business Innovation, EIB, Green Energy, Infrastructure Development, investments, Nadia Calviño, partnership, sustainability
GIGA Storage and TenneT Launch Pioneering Time-Based Grid Contract to Boost Energy Efficiency
(IN BRIEF) GIGA Storage and TenneT have signed the first-ever time-based grid connection contract, allowing GIGA Storage’s 300 MW battery project, GIGA Leopard, to efficiently connect to the electricity grid in Delfzijl, Netherlands. This innovative contract, part of a national … Read the full press release
Energy Industry Embraces AI, But Digital Divide Grows Among Companies, DNV Survey Reveals
(IN BRIEF) A DNV survey reveals that nearly half of senior energy professionals plan to integrate AI-driven applications into their operations within the next year. The survey also highlights a growing divide between “Digital Leaders,” who are excelling in digitalization … Read the full press release
Energiekontor Secures New Wind Park Approvals, Expands Renewable Energy Portfolio in Europe
(IN BRIEF) Energiekontor AG has received building permits for three new wind parks in Lower Saxony, Germany, adding 116 megawatts to their renewable energy capacity. These projects, along with other wind and solar initiatives currently under development, are part of … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, France, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom
Tagged Energiekontor, Europe, France, Germany, partnership, Peter Szabo, renewable energy, Scotland, sustainability, Wind Park
Leading Renewable Energy Partnership: Polat Enerji and ENERCON Expand Collaboration with New Wind Farm Projects
(IN BRIEF) Polat Enerji, a leading wind energy investor in Türkiye, has expanded its partnership with ENERCON by signing contracts to add 110.5 MW of capacity across three new wind farm projects. These projects, which include advanced wind turbines and … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Turkey
Tagged Arif Günyar, Enercon, Neşet Özgür Cireli, partnership, Polat Enerji, renewable energy, sustaianbaility, Turkey, Uli Schulze Südhoff, wind farm projects
EBRD and Raiffeisen Bank Provide €110 Million for Major Solar Projects to Boost Romania’s Green Energy Expansion
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and Raiffeisen Bank International have provided a €110 million financing package to build and operate two solar photovoltaic power plants in south-eastern Romania. These plants, with a combined capacity of … Read the full press release
Posted in Energy, Gas & Oil, European Union, Financial, Industrial, Infrastructure & Utilities, Luxembourg, Romania, United Kingdom
Tagged carbon dioxide emissions reduction, climate finance, EBRD, energy security, EU commitments, Favi Stelian, Fit for 55, Ghimpati, green transition, Grzegorz Zielinski, Iepuresti, InvestEU guarantee, Nofar Energy, OY Nofar Energy, Raiffeisen Bank International, renewable energy, REPowerEU, Romania, RTG Solar Energy, solar plants, Solis Imperium, Tel Aviv stock exchange
EARNZ PLC Gears Up for Expansion with Strategic Acquisitions in Energy Sector
(IN BRIEF) EARNZ PLC is set to expand its presence in the energy services sector through the conditional acquisition of Cosgrove & Drew Limited and South West Heating Services Ltd. The company aims to leverage the global push for decarbonization … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Law, Management, News, United Kingdom
Tagged acquisitions, BCLP, EARNZ PLC, energy sector, partnership, sustainability
Iberdrola’s Ekienea Solar Project Reaches Milestone in Basque Country’s Renewable Energy Efforts
(IN BRIEF) The Ekienea solar farm, the largest in the Basque Country, has achieved grid access, marking a significant milestone in the region’s renewable energy efforts. The 100 MW facility will nearly triple the Basque Country’s solar capacity, support local … Read the full press release
Rostock’s Renewable Energy Boom: A Model for Economic Revival in Eastern Germany
(IN BRIEF) Rostock and Mecklenburg-Western Pomerania are experiencing an economic revival driven by the growth of renewable energy, particularly wind power. The region’s transformation is creating jobs, revitalizing the local economy, and positioning Rostock as a key player in Europe’s … 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
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
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom
Tagged Alberto Abascal, Christofferson Robb & Company, Claudio Vescovo, David Fitoussi, lending, NatWest, Nuveen Infrastructure, partnership, renewable energy, sustainability
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
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
IMEON ENERGY Debuts on Euronext Access+, Plans Global Expansion with AI-Driven Solar Solutions
(IN BRIEF) IMEON ENERGY, a pioneer in AI-driven energy solutions, has successfully listed on Euronext Access+ with a market capitalization of approximately €11.6 million. The company, known for its innovative solar energy self-production and storage solutions, aims to use this … Read the full press release
Posted in Artificial Intelligence (AI), Business, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged AI-Driven, Christophe Goasguen, Euronext, France, IMEON ENERGY, partnership, solar solutions, sustainability
€50 Million EIB Loan to Boost Solar Energy Capacity in Spain with Five New Plants
(IN BRIEF) The European Investment Bank (EIB) and Matrix Renewables have secured a €50 million green loan to develop five new solar photovoltaic plants in Castilla y Leon and Extremadura, Spain, with a total capacity of 240 MW. This project, … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Spain
Tagged Alessandro Izzo, EIB, Nicolás Navas, partnership, solar energy, Spain, sustainability
VARD Signs Contract for Advanced Energy Construction Vessel for Wind Energy Construction AS
(IN BRIEF) VARD, a subsidiary of the Fincantieri Group, has signed a contract to design and build an advanced Energy Construction Vessel (ECV) for Wind Energy Construction AS, with delivery slated for Q2 2027. The vessel, built at Vard Vung … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Norway, Technology, Transportation & Logistics
Tagged Energy Construction Vessel, Fincantieri, Norway, partnership, Pierroberto Folgiero, sustainability, Vard, Vietnam, Wind Energy Construction AS
NORMA Group Secures Contract for Energy Storage Facility in Germany
(IN BRIEF) NORMA Group has secured a contract to supply V-band clamps for a German energy storage facility, supporting the cooling system of large stationary batteries. The contract, valued at EUR 2.4 million, spans from 2024 to 2028, providing between … Read the full press release
Posted in Business, Electronics & Machinery, Energy, Gas & Oil, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, United Kingdom
Tagged Energy Storage Facility, Germany, Guido Grandi, Norma Group, partnership, UK, V-band clamps
EBRD and Eiffel Investment Group Drive Renewable Energy Growth in Romania with €24.4 Million Solar Power Investment
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the Eiffel Investment Group are jointly providing €24.4 million for the construction of two solar power plants in Romania’s Dolj County. Each organization is contributing €12.2 million to the … Read the full press release
Posted in Banks, Business, Construction, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Romania, United Kingdom
Tagged EBRD, Eiffel Investment Group, Grzegorz Zieliński, investment, partnership, renewable energy, Romania, solar power, sustainability
Langley Holdings Acquires GKN Hydrogen to Enhance Sustainable Energy Solutions
(IN BRIEF) Langley Holdings has acquired GKN Hydrogen, an Italian specialist in hydrogen storage and power-to-power technology, from Dowlais Group. GKN Hydrogen’s innovative technology stores hydrogen in a solid state at 16 times the density of compressed gas, maintaining efficiency … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Technology, United Kingdom
Tagged acquisition, Anthony Langley, energy solutions, GKN Hydrogen, Italy, Langley Holdings, Marelli Motori, partnership, sustainability
ORLEN Wind 3 Acquires Major Renewable Energy Assets from EDP Renewables Polska
(IN BRIEF) ORLEN Wind 3, a subsidiary of the ORLEN Group, has signed a preliminary agreement to acquire two solar PV farms and a wind farm from EDP Renewables Polska for approximately PLN 1.15 billion. This acquisition, one of the … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Poland
Tagged acquisition, Duarte Bello, EDP Renewables Polska, Ireneusz Fąfara, ORLEN, ORLEN Wind 3, partnership, renewable energy, sustainability
Plenitude and Ferriera Valsabbia Ink 10-Year Deal for Renewable Wind Energy Supply
(IN BRIEF) Plenitude has signed a 10-year Corporate Power Purchase Agreement (PPA) with Ferriera Valsabbia to supply energy from a 15MW wind farm in Sannicandro di Bari, Italy. Starting in September 2024, the wind farm will generate over 350 GWh … Read the full press release
Posted in Business, Construction, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, Metals and Minerals, News
Tagged Alessandro Della Zoppa, Eni, Ferriera Valsabbia, partnership, Plenitude, Renewable Wind Energy, Ruggero Brunori, sustainability
EIB Grants €35 Million Green Loan to Haizea Wind Group to Advance Wind Energy Manufacturing in Europe
(IN BRIEF) The European Investment Bank (EIB) has granted a €35 million green loan to Haizea Wind Group, a Spanish wind energy component manufacturer. This investment aims to enhance innovation and digitalization in the wind sector, supporting the REPowerEU plan … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Spain, Technology
Tagged Alvaro Quintana, EIB, Europe, Gilles Badot, Haizea Wind Group, partnership, Spain, sustainability, wind energy
EIB Launches €5 Billion Initiative to Boost Wind Energy Sector with Deutsche Bank Partnership
(IN BRIEF) The European Investment Bank (EIB) has initiated a €5 billion program to support the wind energy sector, starting with a €500 million counter-guarantee to Deutsche Bank. This will enable Deutsche Bank to issue up to €1 billion in … Read the full press release
Posted in Banks, Business, Construction, Economy, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged Alexander von zur Muehlen, Deutsche Bank, EIB, Germany, Maroš Šefčovič, Nicola Beer, partnership, sustainability, wind energy