Tag Archives: decarbonization

Science Based Targets Initiative Confirms Husqvarna Group Climate Goals Align with Net-Zero Standards

(IN BRIEF) Husqvarna Group has secured validation from the Science Based Targets initiative for its greenhouse gas emissions reduction targets, confirming alignment with recognized net-zero criteria. The company has committed to achieving net-zero emissions across its value chain by 2050 … Read the full press release

Ørsted and PGE Begin Offshore Construction of Poland’s Largest Wind Farm Project

(IN BRIEF) Ørsted and PGE Polska Grupa Energetyczna have launched offshore construction activities for the Baltica 2 offshore wind farm in the Baltic Sea, beginning with the installation of the first monopile foundations. The 1.5 GW project, located off the … Read the full press release

New 440 MW Solar Project in Ilagan Advances Philippines Energy Transition Through TotalEnergies and Nextnorth Partnership

(IN BRIEF) TotalEnergies and Nextnorth have reached financial close and begun construction of a 440 MW solar power project in Ilagan City, Philippines, with operations expected by the end of 2027. The project, valued at around $300 million, is jointly … Read the full press release

Norsk Hydro Secures Long Term Renewable Power Supply Through New Agreements with Statkraft

(IN BRIEF) Norsk Hydro has signed long-term power purchase agreements with Statkraft to secure 12.3 TWh of renewable electricity over a ten-year period for its aluminium production operations in Norway. The contracts provide stable and competitive energy supply across key … Read the full press release

Schneider Electric and Royal Avebe Demonstrate Scalable Industrial Electrification Within Existing Grid Limits at Foxhol Facility

(IN BRIEF) Schneider Electric, Royal Avebe, and AVEVA have demonstrated a practical approach to industrial electrification that works within existing grid limitations, addressing one of Europe’s most pressing energy challenges. At Avebe’s Foxhol plant in the Netherlands, the partners implemented … Read the full press release

Business Finland Awards Major Funding to SSAB to Accelerate Fossil-Free Steel Innovation and Industrial Transformation

(IN BRIEF) Business Finland has granted €20 million to SSAB to support a five-year research and development program aimed at advancing fossil-free steel production and low-carbon materials. The initiative, Sustainable World through Steels, will bring together over 200 partners across … Read the full press release

Fortum Calls for Early Policy Action to Enable Nuclear Investment and Strengthen Nordic Energy Competitiveness

(IN BRIEF) Fortum is advocating for early planning and policy development to support new nuclear power in Finland, positioning it as a key driver of economic growth, energy stability, and industrial competitiveness. Drawing on recent studies, including analysis by AFRY … Read the full press release

ZF Advances Commercial Vehicle Electrification with TraXon 2 Hybrid Offering Strong CO2 Reduction and Cost Efficiency

(IN BRIEF) ZF has demonstrated its TraXon 2 Hybrid transmission, a next-generation solution for heavy-duty vehicles designed to reduce emissions while maintaining operational efficiency. Tested with European media, the system combines electric and combustion power to support both urban and … Read the full press release

Norsk Hydro Achieves Significant Shipping Emissions Reduction with Advanced Vessel Upgrades on European Route

(IN BRIEF) Norsk Hydro has reduced CO₂ emissions by up to 35 percent on a key European shipping route by upgrading two cargo vessels, Trans Sol and Trans Hav, with advanced energy-efficient technologies. The improvements include wind-assisted propulsion, solar power, … Read the full press release

BASF Advances Industrial Decarbonization with Key Delivery for Large Scale Heat Pump Project in Ludwigshafen

(IN BRIEF) BASF has successfully delivered and installed a major component for its industrial heat pump project at its Ludwigshafen site, marking a key milestone in the development of one of the world’s most powerful systems for emission-free steam generation. … Read the full press release

ENGIE Expands European Battery Storage Portfolio with New Projects in Spain and France

(IN BRIEF) ENGIE is expanding its battery energy storage capacity in Europe with nearly 400 MW of new projects in Spain and France. The company has acquired two major projects in Spain totaling 278 MW and has begun construction of … Read the full press release

REN Issues First Biomethane Guarantees of Origin in Portugal Advancing Renewable Gas Certification Market

(IN BRIEF) REN – Rede Eléctrica Nacional S.A. has issued Portugal’s first Guarantees of Origin for biomethane, marking a key milestone in the country’s renewable energy certification system. The certificates were granted to Capwatt for production at its Aljustrel facility, … Read the full press release

DNV Supports Major Battery Storage Transaction in Germany as TotalEnergies Sells Stake to Allianz Global Investors

(IN BRIEF) DNV acted as technical advisor to TotalEnergies in the sale of a 50 percent stake in a large battery storage portfolio in Germany to Allianz Global Investors, in a deal valued at approximately EUR 500 million. The portfolio … Read the full press release

STRABAG Advances Decarbonization Strategy with Science Based Targets Initiative Approval for Emissions Reduction Plan

(IN BRIEF) STRABAG has secured validation from the Science Based Targets initiative for its climate goals through 2030, committing to a 42 percent reduction in direct and energy-related emissions and a 25 percent reduction across its value chain. The company’s … Read the full press release

MAHLE Strengthens Its Sustainability Strategy Through Title Sponsorship of the Eco Rallye de la Comunitat Valenciana

(IN BRIEF) MAHLE is reinforcing its long-standing commitment to sustainable mobility and decarbonization through its title sponsorship of the MAHLE Eco Rallye Comunitat Valenciana, which opens the 2026 Eco Rallye season. Recognized as Spain’s first carbon-neutral motorsport event and holder … Read the full press release

Garanti BBVA surpasses TL 1 trillion in sustainable finance and reinforces long-term climate and nature-focused strategy

(IN BRIEF) Garanti BBVA has surpassed TL 1 trillion in sustainable finance as of January 2026, in line with its updated TL 3.5 trillion target for 2018–2029, reflecting its long-term commitment to financing projects with positive environmental and social impact. … Read the full press release

Henkel Adhesive Technologies advances portfolio transformation with stricter sustainability methodology and deeper customer insights

(IN BRIEF) Henkel Adhesive Technologies has advanced its sustainability strategy by updating its portfolio assessment methodology with stricter, independently audited criteria and by expanding its digital reporting platform, HEART, to include use-phase emissions in addition to cradle-to-gate Product Carbon Footprints. … Read the full press release

New Vattenfall Research Highlights Rising Consumer Commitment to Fossil-Free Energy and Lasting Changes in Everyday Habits

(IN BRIEF) Vattenfall’s latest Energy Barometer reveals that while European consumers are broadly optimistic about the energy transition, most believe stronger government support is needed to drive meaningful progress. The survey, conducted by Statista across five countries, shows that half … Read the full press release

Allianz Global Investors Expands European Renewable Portfolio with Minority Stake in French Offshore Wind Project

(IN BRIEF) Allianz Global Investors has acquired a 20.25% minority stake in the îles d’Yeu et Noirmoutier offshore wind farm in France from Ocean Winds, marking the first offshore wind partnership between the two groups and Allianz’s first such investment … Read the full press release

DNV Supports USD 325 Million Financing for Major Battery and Solar Portfolio in Chile

(IN BRIEF) DNV acted as market consultant on a USD 325 million financing package for T Power, a renewable energy platform managed by Toesca, supporting the development of one of Chile’s largest battery energy storage systems alongside a broad solar … Read the full press release