(IN BRIEF) RWE has completed installation of all 44 turbine foundations and secondary steel structures for the 1.6 GW Nordseecluster offshore wind project off the German coast. Each monopile weighs around 1,500 tonnes and forms part of Nordseecluster A, which … Read the full press release
Posted in Energy, Gas & Oil, Environment, Germany, Industrial, Infrastructure & Utilities, Investment, News
Tagged clean power, Eemshaven, energy transition, European renewables, Germany, green electricity, Nordseecluster, Nordseecluster A, Nordseecluster B, Norges Bank Investment Management, offshore construction, Offshore wind, renewable energy, RWE, RWE Advances Germany’s Largest Offshore Wind Cluster with Completion of 44 Turbine Foundations, sustainability, Van Oord, wind energy, wind turbines
(IN BRIEF) The European Investment Bank is lending €100 million to Swedish forest-industry group Holmen to finance the expansion of its onshore wind projects in northern Sweden. The investment will increase renewable energy production to meet rising demand from energy-intensive … Read the full press release
Posted in Banks, Energy, Gas & Oil, European Union, Financial, Industrial, Infrastructure & Utilities, Investment, Luxembourg, News, Sweden
Tagged clean power, Climate Action, EIB, EIB backs Holmen with major loan to accelerate renewable energy and industrial decarbonization in Sweden, EIB supports Holmen with €100 million loan to boost onshore wind power in northern Sweden, energy transition, EU climate goals, European Investment Bank, forestry, Green Energy, Holmen, Industrial Decarbonization, Karl Nehammer, Northern Sweden, onshore wind, renewable energy, REPowerEU, Stockholm, sustainability, Sweden, wind power
(IN BRIEF) ANDRITZ has received a major contract from the Electricity Generating Authority of Thailand (EGAT) to modernize the Srinagarind hydropower plant by replacing two pumped storage units with advanced 180-MW systems. The mid double-digit million-euro project, part of ANDRITZ’s … Read the full press release
Posted in Austria, Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Technology
Tagged Andritz, ANDRITZ Strengthens Renewable Energy Partnership with EGAT Through Srinagarind Hydropower Modernization, clean power, EGAT, Electricity Generating Authority of Thailand, energy efficiency, energy transition, engineering network, Francis units, grid balancing, hydropower modernization, Kanchanaburi, Kwai Yai River, manufacturing in India, Modernization Project, power generation, pump turbine units, pumped storage, renewable energy, Southeast Asia energy, Srinagarind hydropower plant, sustainable infrastructure, THAILAND
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is lending €79.5 million to Ignitis Group as part of a €318 million financing consortium that includes the EIB, Swedbank, and NIB to fund the 314 MW Kelmė wind farm … Read the full press release
Posted in Banks, Energy, Gas & Oil, European Union, Financial, Industrial, Infrastructure & Utilities, Investment, Lithuania
Tagged 5 GW target, Baltic region, clean power, climate goals, EBRD, EBRD Backs Ignitis Group with €79.5 Million Loan to Build the Baltic Region’s Largest Onshore Wind Farm, Energy Independence, energy security, EU Energy Policy, European Investment Bank, green transition, Ignitis Group, Kelmė wind farm, Lithuania, Lithuanian households, Nordic Investment Bank, onshore wind, renewable energy, Sustainable Finance, sustainable infrastructure, Swedbank, zero-carbon electricity
(IN BRIEF) National Grid has connected the UK’s largest battery storage system, the 300MW Thurrock Storage project developed by Statera Energy, to its transmission network at Tilbury substation in Essex. With 600MWh of capacity, the facility can power up to … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, News, Technology, United Kingdom
Tagged battery energy storage, BESS, clean power, Cleve Hill Solar Park, coal to clean energy, energy transition, grid stability, John Twomey, London, national grid, renewable energy, Solar, south east England, Statera Energy, sustainability, Thurrock Flexible Generation, Thurrock Storage, Tilbury substation, Tom Vernon, UK Electricity Network, Wind
(IN BRIEF) On 26 March 2025, the European Investment Fund (EIF) pledged €70 million to the Nordic Environment Finance Corporation (Nefco) under the InvestEU programme, marking a significant step in financing sustainable growth across the Nordic region. The guarantee will … Read the full press release
Posted in Denmark, Energy, Gas & Oil, Environment, European Union, Financial, Finland, Iceland, Investment, Luxembourg, Norway, Small Business, Sweden, Technology
Tagged circular economy, clean power, Climate Action, EIF, energy savings, European Investment Fund, financing gap, green financing, InvestEU programme, low-carbon economy, Mid-Caps, NEFCO, Nordic Environment Finance Corporation, Nordic SMEs, sustainability, sustainable economic growth, Thomas Östros, Trond Moe
(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
Tagged Azerbaijan, Bulgaria, clean power, EBRD, fossil fuels, Fuels Transition, MOLDOVA, Montenegro, partnership, renewable energy, Romania, sustainability
(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
Tagged clean power, Dan McGrail, electricity, fossil fuels, Offshore wind, renewables, RenewableUK
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