Search Results for: renewable energy

Engineering Firm Wood to Play Key Role in Expanding Germany’s Renewable Energy Grid

Posted on 19, December 2023 by

(IN BRIEF) Wood, a global consulting and engineering firm, has been awarded a contract by Dragados Offshore to design and support the development of three massive 2GW convertor stations in the German North Sea. These stations will transfer offshore wind … Read the full press release →

Posted in Energy, Gas & Oil, Germany, Industrial, Infrastructure & Utilities, United Kingdom

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EIB Provides €46 Million Loan to Ingeteam for Renewable Energy Integration Research

Posted on 15, December 2023 by

(IN BRIEF) The European Investment Bank (EIB) and Ingeteam, a Spanish company specializing in electrical engineering and equipment development, have signed a €46 million loan agreement for a two-year investment plan. The plan focuses on research, development, and innovation (RDI) … Read the full press release →

Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Luxembourg, Management, News, Spain

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ORLEN Group Expands Renewable Energy Portfolio with 60 MW Onshore Wind Farm Acquisition

Posted on 14, December 2023 by

(IN BRIEF) ORLEN Wind 3, a subsidiary of the ORLEN Group, has entered into an agreement to purchase onshore wind farms from Octopus Renewables Infrastructure Trust PLC. These wind farms, located in the Provinces of Poznań and Szczecin, have a … Read the full press release →

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

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VINCI’s Spanish Subsidiary Cobra IS Outlines Ambitious Growth Plans for Renewable Energy

Posted on 13, December 2023 by

(IN BRIEF) VINCI held a Capital Markets Day in Madrid dedicated to its Spanish subsidiary, Cobra IS, aiming to provide detailed insights into its business activities. Cobra IS specializes in a wide array of flow business activities and complex EPC … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Investment, Management, Media, News, Spain

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TotalEnergies Bolsters Renewable Energy Ventures with Startup Acquisitions

Posted on 12, December 2023 by

(IN BRIEF) TotalEnergies is acquiring three startups that previously participated in its TotalEnergies On acceleration program at STATION F in Paris. These acquisitions aim to accelerate the company’s expansion in the electricity sector and enhance its B2B offerings and renewable … Read the full press release →

Posted in Business, Energy, Gas & Oil, France, Industrial, Infrastructure & Utilities, Small Business, Technology

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Arcadis Ost 1 Wind Farm Powers Up, Adding 250 MW of Renewable Energy to German Grid

Posted on 6, December 2023 by

(IN BRIEF) The Arcadis Ost 1 wind farm, situated off the coast of Rügen in Mecklenburg-Western Pomerania, Germany, has commenced full capacity operation, contributing 250 megawatts (MW) of renewable energy to the German electricity transmission system. The wind farm operator, … Read the full press release →

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

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EDF’s Port-Est Power Plant Achieves 100% Renewable Energy with Liquid Biomass Conversion

Posted on 6, December 2023 by

(IN BRIEF) EDF Group’s subsidiary, EDF Production Energie Insulaire (PEI), has converted its bioenergy power plant at Port-Est in Reunion Island to operate on liquid biomass made from rapeseed oil, making it fully renewable and contributing to the region’s aim … Read the full press release →

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

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EIB and Ørsted Sign €400 Million Agreement to Boost Renewable Energy in Europe

Posted on 5, December 2023 by

(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

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EBRD’s Renewable Energy Programme Fuels Transition from Fossil Fuels to Clean Power

Posted on 1, December 2023 by

(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

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Sorégies Receives Financing Boost for Renewable Energy Development via InvestEU Program

Posted on 28, November 2023 by

(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 →

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

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EU-Funded REFORMERS Project Launches Europe’s First Renewable Energy Valley in the Netherlands

Posted on 28, November 2023 by

(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

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Garanti BBVA Commits €36.1 Million in Financing for Işıklar Wind Power Plant to Bolster Renewable Energy Expansion

Posted on 27, November 2023 by

(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

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Renewable Energy Boost: Neste Secures Solar Power Supply for Porvoo Operations

Posted on 24, November 2023 by

(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 →

Posted in Energy, Gas & Oil, Environment, Finland, Industrial, Infrastructure & Utilities

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ENERCON Celebrates 20 Years in France, Affirms Commitment to Expanding Renewable Energy in Europe

Posted on 18, November 2023 by

(IN BRIEF) ENERCON, a leading manufacturer of onshore wind energy converters, marked its 20-year presence in France by reaffirming its dedication to the expansion of onshore wind energy in Europe. The company’s CCO, Ulrich Schulze Südhoff, emphasized that Europe is … Read the full press release →

Posted in Business, Economy, Environment, Financial, France, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News

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Valio and St1 Joint Venture Explores Expansion of Biogas Plant Complexes for Renewable Energy Production

Posted on 14, November 2023 by

(IN BRIEF) Suomen Lantakaasu Oy, a joint venture between Valio and St1, is actively investigating the development of new biogas plant complexes in various regions. Currently, the construction of potential new plant complexes is under consideration in the Kokkola-Pietarsaari, Nivala-Haapavesi, … Read the full press release →

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

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Empa Researcher Aims to Enhance Energy Density of Water-Based Flow Batteries for Urban Renewable Energy Storage

Posted on 14, November 2023 by

(IN BRIEF) Empa researcher David Reber is on a mission to improve the energy density of water-based flow batteries, making them more suitable for storing renewable energy in urban environments. Flow batteries, unlike traditional lithium-ion batteries, store energy in liquid … Read the full press release →

Posted in Business, Education, Energy, Gas & Oil, Financial, Industrial, Management, News, Science, Switzerland, Technology

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Green Finance Facility Launches in North Macedonia to Promote Renewable Energy and Energy Efficiency Investments

Posted on 10, November 2023 by

(IN BRIEF) A new Green Finance Facility (GFF), valued at €30 million, has been introduced in North Macedonia to provide small and medium-sized enterprises (SMEs) and creditworthy underserved individuals and households with loans for renewable energy and energy efficiency projects. … Read the full press release →

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

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AFRY Secures Framework Agreement to Enhance Sweden’s Electricity Distribution Network for Renewable Energy Integration

Posted on 6, November 2023 by

(IN BRIEF) AFRY, a prominent player in industry, energy, and infrastructure, has been awarded a significant framework agreement with Vattenfall Eldistribution, one of Sweden’s largest Distribution System Operators (DSOs). Under this agreement, AFRY will provide a range of technical consulting … Read the full press release →

Posted in Business, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden

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Portugal Achieves Impressive 67% Renewable Energy Supply in October, According to REN

Posted on 4, November 2023 by

(IN BRIEF) In October, Portugal experienced a significant milestone in its energy landscape as renewable energy production contributed to 67% of the country’s electricity consumption. Non-renewable sources accounted for only 17%, while the remaining 16% was imported energy. The month … Read the full press release →

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

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Borealis Partners with Alpiq for Long-Term Renewable Energy Supply from Finnish Wind Farm

Posted on 25, October 2023 by

(IN BRIEF) Borealis, a leading provider of sustainable polyolefin solutions and base chemicals, has forged a long-term Power Purchase Agreement (PPA) with Alpiq, a Swiss energy services provider and European electricity producer. Under this agreement, starting from early 2024, Alpiq … Read the full press release →

Posted in Austria, Business, Chemicals, Energy, Gas & Oil, Financial, Finland, Government, Industrial, Investment, Management, News, Switzerland

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Iberdrola Deutschland Wins Bid to Develop Wind Farms for Renewable Energy in Germany

Posted on 25, October 2023 by

(IN BRIEF) Iberdrola Deutschland has secured the rights to three wind energy sites in the latest tender held by Forst Baden-Württemberg (ForstBW). These wind farms, covering a total of 790 hectares, are expected to feature around 25 wind turbines and … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News, Spain

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Macquarie Asset Management to Acquire Nearly 50% Stake in Hydro’s Renewable Energy Arm

Posted on 25, October 2023 by

(IN BRIEF) Macquarie Asset Management has inked an agreement with Hydro, a prominent Norwegian aluminum and renewable energy company, to purchase a 49.9 percent ownership interest in Hydro’s renewable energy subsidiary, Hydro Rein, for $332 million. This deal values Hydro … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, Metals and Minerals, News, Norway

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ANDRITZ to Boost Renewable Energy Capacity at French Waste-to-Energy Center

Posted on 19, October 2023 by

(IN BRIEF) ANDRITZ, an international technology group, has received an order from Idex, a leading energy services company in France, to supply a third waste treatment line to a waste-to-energy center in Villers-Saint-Paul, near Paris. This extension will increase the … Read the full press release →

Posted in Austria, Business, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology

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AFRY Collaborates with Malta to Drive Offshore Renewable Energy Expansion

Posted on 6, October 2023 by

(IN BRIEF) AFRY is actively supporting Malta’s ambitious plans to expand its offshore renewable energy capacity. The company is engaged in technical and commercial tasks for Interconnect Malta (ICM), a state-owned entity responsible for energy infrastructure projects. AFRY’s efforts aim … Read the full press release →

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

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Arkema Invests €50 Million to Boost Organic Peroxide Production for Renewable Energy Initiatives in China

Posted on 28, September 2023 by

(IN BRIEF) Arkema, a global leader in specialty chemicals, has announced a substantial €50 million investment to expand its organic peroxide production capacities at its Changshu site in China. This strategic move, which is part of the company’s global expansion … Read the full press release →

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

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Plenitude, Eni’s Renewable Energy Arm, Expands Presence in Kazakhstan with 50 MW Photovoltaic Plant

Posted on 27, September 2023 by

(IN BRIEF) Plenitude, a subsidiary of Eni focused on renewable energy, has inaugurated its first photovoltaic plant in Kazakhstan near Shaulder village in the Turkistan Region. With an installed capacity of 50 MW, this facility marks Plenitude’s entry into the … Read the full press release →

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

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TotalEnergies, Petrobras, and Casa dos Ventos Forge Partnership to Boost Renewable Energy and Low-Carbon Hydrogen in Brazil

Posted on 16, September 2023 by

(IN BRIEF) TotalEnergies, Petrobras, and Casa dos Ventos Holding have entered into a Memorandum of Understanding (MoU) to explore collaborative opportunities in the renewable energy and low-carbon hydrogen sectors in Brazil. Under this agreement, the three companies will jointly investigate … Read the full press release →

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

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Europe’s Electricity Grids Face Crucial Upgrade to Accommodate Renewable Energy Surge

Posted on 8, September 2023 by

(IN BRIEF) The “Future of our grids” conference in Brussels is addressing the need to accelerate the development of electricity grids in Europe to accommodate the rapid growth of renewable energy sources like wind and solar. Current grid infrastructure struggles … Read the full press release →

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

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IRENA Report: Solar Power Leads Sharp Decline in Renewable Energy Costs, Indicating Transformative Shift

Posted on 2, September 2023 by

(IN BRIEF) A recent International Renewable Energy Agency (IRENA) report indicates that 86% of newly commissioned renewable electricity capacity in 2022 cost less than fossil fuel-generated electricity. Solar power notably contributed to this trend, with its global average cost dropping … Read the full press release →

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

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RWE Advances 200 MW Montgomery Ranch Wind Farm in Texas to Bolster State’s Renewable Energy Capacity

Posted on 1, September 2023 by

(IN BRIEF) RWE, a prominent renewable energy company, has commenced construction of the 200 MW Montgomery Ranch Wind Farm in Foard County, Texas. This new addition elevates RWE’s wind capacity in Texas to 4.3 GW, capable of powering over 1.2 … Read the full press release →

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Wood Selected to Upgrade Power Transmission Infrastructure in Northern Scotland for Renewable Energy Expansion

Posted on 1, September 2023 by

(IN BRIEF) Wood has been chosen as a preferred bidder for the Scottish and Southern Electricity Network (SSEN) Transmission’s Accelerated Strategic Transmission Investment (ASTI) framework. This selection will facilitate the upgrade of onshore power transmission infrastructure in northern Scotland, supporting … Read the full press release →

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

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AFRY Selected by EETC for Vital Grid System Study to Support Egypt’s Renewable Energy Expansion

Posted on 24, August 2023 by

(IN BRIEF) The Egyptian Electricity Transmission Company (EETC) has chosen AFRY to conduct a crucial system study to facilitate the rapid expansion of Egypt’s national transmission grid. The study’s focus is on addressing challenges arising from the increased integration of … Read the full press release →

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

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Hydro Initiates Greener Sweden Project, Transitioning to Renewable Energy in Swedish Factories

Posted on 18, August 2023 by

(IN BRIEF) Hydro, a company specializing in aluminium solutions, has commenced the installation of solar panels and battery storage systems at its Swedish extrusions’ factories in Vetlanda, Sjunnen, and Finspång. The project, named Greener Sweden, aims to transition these factories … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Management, Metals and Minerals, News, Norway

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RWE Reports €9 Billion Investment Surge and Robust Earnings in First Half of 2023, Driven by Renewable Energy Expansion

Posted on 12, August 2023 by

(IN BRIEF) RWE, focused on building a sustainable energy system, significantly increased its investment activity in the first half of fiscal 2023, spending €9 billion on growth compared to €2.1 billion in the same period last year. This expansion included … Read the full press release →

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

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Valio and St1’s Biogas Plant in Finland Advances Construction Preparations for Renewable Energy Production

Posted on 10, August 2023 by

(IN BRIEF) Suomen Lantakaasu Oy, a joint venture between Valio and St1, is making progress with the construction preparations for a biogas production plant in Kiuruvesi, Finland. The company has finalized the site location through consultations with residents and agreement … Read the full press release →

Posted in Agriculture, Business, Construction, Energy, Gas & Oil, Finland, Industrial, Infrastructure & Utilities, Management, News

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EBRD Collaborates with Romania for Landmark Renewable Energy Auction

Posted on 4, August 2023 by

(IN BRIEF) Romania is set to launch its inaugural auction for a contract-for-difference (CfD) support scheme to promote renewable energy. The scheme will provide backing for onshore wind power and solar photovoltaic projects with a combined capacity of 2,000 MW … Read the full press release →

Posted in Banks, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Romania

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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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ORLEN Group Expands Renewable Energy Holdings with Greenvolt Acquisition, Aiming for 9 GW Capacity by 2030

Posted on 26, July 2023 by

(IN BRIEF) The ORLEN Group, a Polish energy company, is strengthening its renewable energy segment by acquiring two projects from Greenvolt. The projects, located in the Poznań Province, consist of a 22 MW photovoltaic farm and a 26 MW wind … Read the full press release →

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

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