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Search Results for: renewable energy
EBRD, ACWA Power, and Uzkimyosanoat Join Forces to Launch Central Asia’s First Renewable Hydrogen Facility in Uzbekistan
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has announced a significant investment in Uzbekistan’s first renewable hydrogen facility, marking a pioneering effort in Central Asia’s transition to greener energy sources. The project, developed in partnership with ACWA … 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 ACWA Power, Central Asia, EBRD, Nandita Parshad, partnership, Renewable Hydrogen Facility, sustainablity, Uzbekistan, Uzkimyosanoat
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
Intesa Sanpaolo Backs NZ$267 Million Green Financing for New Zealand’s Kōwhai Solar Park, Promoting Global Energy Transition
(IN BRIEF) Intesa Sanpaolo, along with a consortium of international banks, has committed NZ$267 million (approximately €150 million) in green financing to support the construction of the Kōwhai Solar Park in Christchurch, New Zealand. This solar park, a joint venture … Read the full press release
Posted in Banks, Business, Construction, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Technology
Tagged Contact Energy, energy transition, Intesa Sanpaolo, Kōwhai Solar Park, Lightsource BP, New Zealand, Nicola Doninelli, partnership, sustainability
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
Siemens Unveils Next-Gen Gridscale X Tools to Support TSOs in Energy Transition
(IN BRIEF) Siemens is launching new enhancements to its Gridscale X software suite, aimed at helping Transmission System Operators (TSOs) manage the complexities of the energy transition. Unveiled at the CIGRE Paris Session 2024, the new tools—“Gridscale X Protection Data … Read the full press release
E.ON Reaffirms 2024 Financial Targets with €4.9 Billion EBITDA, Boosts Energy Transition Investments
(IN BRIEF) E.ON reported strong financial performance in the first half of 2024, achieving an adjusted Group EBITDA of €4.9 billion and an adjusted net income of €1.8 billion, in line with its full-year targets. The company reaffirmed its guidance … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged E.ON, energy transition, Financial, investments, Leonhard Birnbaum, 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
African Clean Energy Developments Places 144 MW Wind Turbine Order for Khangela Emoyeni Wind Farm
(IN BRIEF) African Clean Energy Developments (ACED) has placed a 144 MW order with Vestas for the Khangela Emoyeni wind farm in Western Cape, South Africa. This order includes 32 V163-4.5 MW wind turbines and a 10-year service agreement. It … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged African Clean Energy Developments (ACED), Khangela Emoyeni Wind Farm, Novani Ganess-Johnson, partnership, Sam Cook, South Africa, sustainability, Vestas, wind turbine
€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
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
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
EIB and Prysmian Join Forces to Enhance Europe’s Energy Infrastructure
(IN BRIEF) The European Investment Bank (EIB) has signed a €450 million finance contract with Prysmian to enhance electricity transmission and distribution in Europe, focusing on renewable energy and offshore wind. The funds will be used to manufacture extra-high-voltage submarine … Read the full press release
Yara and ATOME PLC Sign Heads of Terms for Long-Term Offtake Agreement for Renewable Fertilizer Project in Paraguay
(IN BRIEF) Yara and ATOME PLC have signed a Heads of Terms agreement for the long-term supply of Calcium Ammonium Nitrate from ATOME’s renewable fertilizer production facility in Villeta, Paraguay. This partnership will help decarbonize the fertilizer sector and support … Read the full press release
Posted in Business, Chemicals, Environment, Financial, Government, Industrial, Investment, Management, News, Norway
Tagged ATOME PLC, Chrystel Monthean, Olivier Mussat, Paraguay, partnership, Renewable Fertilizer Project, sustainability, Yara
ANDRITZ Selected for FEED of Major Carbon Capture Unit at Westenergy’s Waste-to-Energy Plant in Finland
(IN BRIEF) ANDRITZ has been selected to perform the front-end engineering design (FEED) for a large-scale carbon capture unit at Westenergy’s waste-to-energy plant in Finland. The project, ordered by ECCU Ltd, aims to capture all CO2 emissions from the plant’s … Read the full press release
Posted in Austria, Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Andritz, FEED of Major Carbon Capture Unit, Finland, Harald Reissner, Olli Alhoniemi, partnership, sustainability, waste-to-energy plant, Westenergy
Stadtwerke Stuttgart’s New Headquarters Sets Benchmark for Smart, Sustainable Urban Energy Solutions
(IN BRIEF) Siemens Smart Infrastructure and Stadtwerke Stuttgart GmbH have partnered to promote sustainable urban energy in Stuttgart. The newly inaugurated Stadtwerke Stuttgart headquarters showcases advanced building and energy management systems using Siemens Xcelerator applications. These systems connect buildings and … Read the full press release
Posted in Automotive, Business, Energy, Gas & Oil, Environment, Germany, Infrastructure & Utilities, News, Switzerland, Technology
Tagged AI, building management systems, Carsten Koch, climate neutral targets, digital platform, digital twin technology, electric vehicles, energy efficiency, energy management systems, energy savings, hydrogen production facility, Internet of Things, IoT sensors, lighthouse project, Matthias Rebellius, mobility hub, Peter Drausnigg, renewable energy generation, renewable energy sources, Siemens, Siemens Xcelerator, Simon Pfau, smart building management, Stadtwerke Stuttgart, sustainability goals, sustainable infrastructure, sustainable urban transformation, Thomas Fuhrmann
Rolls-Royce to Deliver Major Battery Storage System for Dutch Energy Project
(IN BRIEF) Rolls-Royce Power Systems has been awarded a contract by Battery Park Zeewolde (BPZ) to supply a large-scale battery storage system in Zeewolde, Netherlands. The system, featuring a capacity of 32.6 MW and 65.2 MWh, will support energy trading … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Netherlands, News, United Kingdom
Tagged Andreas Görtz, Battery Park Zeewolde (BPZ), battery storage system, energy project, Netherlands, Rolls-Royce, Sjoerd Sieburgh, Zeewolde
Edison and Webuild Collaborate on Major Pumped Hydroelectric Projects to Enhance Italy’s Energy Security and Economic Development
(IN BRIEF) Edison and Webuild have joined forces to develop pumped hydroelectric projects in Southern Italy, focusing on sites in Pescopagano and Villarosa. These projects aim to generate 500 MW of pumped energy by 2030, supporting Italy’s energy security and … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Technology
Tagged economic development, Edison, energy security, Italy, Mr. Nicola Monti, Mr. Pietro Salini, partnership, Pumped Hydroelectric Projects, sustainability, Webuild
Scatec ASA and Partners Forge Renewable Ammonia Pact with Yara Clean Ammonia for Egypt
(IN BRIEF) Scatec ASA, in collaboration with ECHEM and MOPCO, has finalized a Heads of Terms agreement with Yara Clean Ammonia to secure the offtake of renewable ammonia produced in Egypt. The project involves developing up to 480 MW of … Read the full press release
Posted in Banks, Business, Chemicals, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Norway
Tagged ammonia, EGYPT, Egyptian Petrochemicals Holding Company (ECHEM), EIB, Eng. Ahmed Mahmoud El-Sayed, Eng. Ibrahim Mekki, Gelsomina Vigliotti, H.E. Tarek El Molla, Hans Olav Raen, Misr Fertilizers Production Company (MOPCO), partnership, Scatec ASA, sustainability, Terje Pilskog, Yara, Yara Clean Ammonia
Report by E.ON and Thüga Highlights Strategic Role of Electrolyzers in Germany’s Energy Transition
(IN BRIEF) A joint report commissioned by E.ON and Thüga, conducted by the Institute of Energy Economics at the University of Cologne (EWI), assesses the strategic placement of electrolyzers across Germany to support the energy transition. The study identifies regions … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Christoph Ullmer, E.ON, electrolyzers, energy transition, Gabriel Clemens, Germany, Thüga
EIB and Cepsa Partner on €285 Million Biofuels Plant to Boost Energy Security and Decarbonisation
(IN BRIEF) The European Investment Bank (EIB) has allocated a €285 million loan to Cepsa for the development of an advanced biofuels plant in Andalusia, Spain, adjacent to the La Rábida Energy Park. In partnership with Bio-Oils, the facility will … 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 Biofuels Plant, CEPSA, decarbonisation, EIB, energy security, Maarten Wetselaar, partnership, SAF, Spain, sustainability
Vattenfall Champions Gender Equality at French Ministry’s Energy and Ecology Event
(IN BRIEF) Vattenfall recently participated in a Paris event hosted by French Minister Christophe Béchu, focusing on improving women’s access to careers in energy and ecology transition. Through their partnership with Marie Claire’s “Act for Equality,” Vattenfall highlighted their commitment … Read the full press release
Vestas Awarded EPC Contract for Second Stage of Golden Plains Wind Farm by TagEnergy
(IN BRIEF) TagEnergy has awarded Vestas the Engineering, Procurement, and Construction (EPC) contract for the second stage of the Golden Plains Wind Farm in Australia. This stage will include 93 Vestas V162-6.2 MW wind turbines, adding 577 MW to the … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Andrew Riggs, Australia, Engineering Procurement and Construction (EPC) Contract, Golden Plains Wind Farm, partnership, Purvin Patel, sustainability, TagEnergy, Vestas
Equinor Expands Onshore Renewables Footprint in Poland with Lipno Solar Plant
(IN BRIEF) Equinor has commenced test production at its third solar plant in Poland, Lipno, marking a significant milestone in expanding its onshore renewables portfolio in the region to approximately 200 MW. This development underscores Equinor’s commitment to strengthening its … Read the full press release
EY Highlights Battery Storage’s Role in Global Energy Transition, Identifies Top Investment Markets
(IN BRIEF) EY’s latest Renewable Energy Country Attractiveness Index (RECAI 63) underscores the critical role of battery energy storage systems (BESS) in addressing global energy challenges amid substantial clean energy investments. The index identifies the US, China, and the UK … Read the full press release
Shell to Enhance LNG Leadership with Pavilion Energy Acquisition from Temasek Subsidiary
(IN BRIEF) Shell Eastern Trading Pte. Ltd., a subsidiary of Shell plc, has agreed to acquire Pavilion Energy Pte. Ltd. from Carne Investments Pte. Ltd., a subsidiary of Temasek. This acquisition includes Pavilion Energy’s global LNG trading business, which handles … Read the full press release
Capgemini and Equigy Partner to Transform Europe’s Energy Grid with New Crowd Balancing Platform
(IN BRIEF) Capgemini has entered into a long-term agreement with Equigy, a collaborative platform of European Transmission Systems Operators (TSOs), to develop a Crowd Balancing Platform (CBP). This platform aims to optimize the management of electricity supply and demand across … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Capgemini, Crowd Balancing Platform, energy grid, Equigy, Europe, James Forrest, Martin van ‘t Verlaat, partnership, sustainability
Ørsted Completes Helena Energy Center, Texas’ Largest Combined Wind and Solar Project
(IN BRIEF) Ørsted has completed the Helena Energy Center in Bee County, South Texas, comprising a 518 MW combined wind and solar project. This marks Ørsted’s first co-located wind and solar initiative and is the largest renewable energy project in … Read the full press release
European Investment Bank and Deutsche Kreditbank Strengthen 25-Year Collaboration with Renewables Initiative
(IN BRIEF) The European Investment Bank (EIB) and Deutsche Kreditbank (DKB) recently celebrated their 25-year partnership by signing a new agreement at DKB’s Berlin headquarters, aimed at supporting renewable energy projects for Small and Medium Enterprises (SMEs) in Germany. Under … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Small Business
Tagged Deutsche Kreditbank, European Investment Bank, Germany, Nicola Beer, partnership, renewable energy, SMEs, Stefan Unterlandstättner, sustainability
EBRD Mobilizes Funding to Strengthen Ukraine’s Energy Security
(IN BRIEF) In response to recent attacks by Russia on Ukraine’s energy infrastructure, the European Bank for Reconstruction and Development (EBRD) has pledged over €300 million in additional funding to support the country’s state-owned energy companies. This commitment, formalized through … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Ukraine, United Kingdom
Tagged Denis Shmyhal, EBRD, ENERGY, Odile Renaud-Basso, partnership, sustainability, UKRAINE, Ukrenergo, Ukrhydroenergo, Ukrnafta
Neste and Valtra Partnership: Driving Global Sustainability with Renewable Diesel
(IN BRIEF) In a significant stride towards sustainability, Finnish tractor manufacturer Valtra, a division of AGCO Corporation, proudly announces the utilization of 5 million liters of Neste MY Renewable Diesel™ at its Suolahti factory in Finland. Collaborating with Neste since … Read the full press release
Neste, Marubeni, and Resonac Collaborate for Renewable Olefins Production
(IN BRIEF) Neste, Marubeni Corporation, and Resonac Corporation have formed a partnership to facilitate the production of renewable olefins and derivatives. Through this agreement, Neste’s renewable feedstock, Neste RE™, will be utilized by Resonac at its Oita Complex in Japan, … Read the full press release
Posted in Business, Chemicals, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Investment, Management, News
Tagged Carrie Song, Hanna Maula, Hirotsugu Fukuda, Japan, Marubeni, Neste, Olefins, partnership, renewable, Resonac, sustainability, Yoshiaki Yokota
VELUX Group Achieves 100% Renewable Electricity Goal with Completion of Agri-PV Solar Park in Spain
(IN BRIEF) The VELUX Group celebrates the completion and full operation of a 54 MWp photovoltaic (PV) solar park in Alhendín, Spain, developed by BayWa r.e. under a Power Purchase Agreement (PPA). This innovative Agri-PV installation combines renewable energy generation … Read the full press release
Posted in Agriculture, Business, Denmark, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Spain, Technology
Tagged Agri-PV Solar Park, Daniel Gäfke, Kim Jonas, partnership, renewable electricity, Spain, sustainability, VELUX Group
DNV Assists SN Aboitiz Power Group in Pioneering Battery Energy Storage System at Magat Hydroelectric Plant
(IN BRIEF) DNV, a renowned energy expert and assurance provider, has collaborated with SN Aboitiz Power Group (SNAP) in the development of a groundbreaking Battery Energy Storage System (BESS) co-located with the Magat Hydroelectric Power Plant in the Philippines. The … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Technology
Tagged Battery Energy Storage System, Brice Le Gallo, DNV, Magat Hydroelectric Plant, partnership, PHILIPPINES, SN Aboitiz Power Group (SNAP), sustainability
Borealis Partners with Burgenland Energie for Green Energy Transition
(IN BRIEF) Borealis, a leading provider of sustainable polyolefins solutions, and Burgenland Energie, Austria’s top wind and solar power producer, have signed their first power purchase agreement (PPA) to drive renewable energy usage. Commencing in January 2026, Burgenland Energie will … Read the full press release
Schneider Electric Unveils Villaya Flex Microgrid Solution at ARE Energy Access Investment Forum 2024
(IN BRIEF) Schneider Electric, a leader in energy management and automation, debuted its latest innovation, the Villaya Flex microgrid solution, at the Alliance for Rural Electrification (ARE) Energy Access Investment Forum 2024 in Lagos, Nigeria. With over 756 million people … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, France, Industrial, Infrastructure & Utilities, Investment, Management, Media, News, Technology
Tagged Albert Fuchet, Alliance for Rural Electrification (ARE) Energy Access Investment Forum 2024, Bala Vinayagam, Schneider Electric, Villaya Flex Microgrid Solution