Tag Archives: Denmark

Novo Nordisk Acquires Cardior Pharmaceuticals in Billion-Euro Deal, Pioneering RNA Therapies for Heart Diseases

(IN BRIEF) EQT Life Sciences proudly announces Novo Nordisk’s acquisition of Cardior Pharmaceuticals, valuing the biopharmaceutical company at up to EUR 1.025 billion. Based in Hannover, Germany, Cardior specializes in RNA-based therapeutics for cardiovascular diseases, focusing initially on heart failure. … Read the full press release

TotalEnergies Celebrates Tyra Hub Restart: Denmark Returns to Gas Self-Sufficiency

(IN BRIEF) TotalEnergies announces the successful restart of production from the Tyra hub in the Danish North Sea following a major redevelopment project. The revamped hub is set to produce 5.7 million cubic meters of gas and 22,000 barrels of … Read the full press release

Telefónica Receives LEGO’s Centennial Gift: Iconic Headquarters Replicated in Bricks

(IN BRIEF) Telefónica has received a special centennial gift from the LEGO Group: a meticulously detailed replica of its historic headquarters at Gran Vía 28, scaled down to 1:50. This impressive LEGO construction, one of the largest in the world … Read the full press release

Startical Partners with GOMspace and NanoAvionics for Satellite Testing in Air Traffic Services Venture

(IN BRIEF) Startical, a venture created by ENAIRE and Indra, has announced its collaboration with GOMspace and NanoAvionics to conduct tests on communication and surveillance systems for its future constellation of over 270 satellites, aimed at providing air traffic services … Read the full press release

Hydro Extrusions to Sell Kaunas Plant, Ensuring Employee Continuity

(IN BRIEF) Hydro Extrusions has announced an agreement to sell its fabrication unit in Kaunas, Lithuania, to VE Invest UAB. The Kaunas plant, with approximately 170 employees, serves as a fabrication unit for Hydro’s extrusion plants in Sweden and Denmark. … Read the full press release

Vestas Secures Order for V236-15.0 MW Wind Turbine at Thyborøn Port

(IN BRIEF) Vestas has secured a firm order from Thyborøn-Harboøre Vindmøllelaug I/S af 2002 for a V236-15.0 MW wind turbine to be installed directly on the waterfront in the Port of Thyborøn, Denmark. The order includes supply, delivery, commissioning, and … Read the full press release

Hydro and NKT Forge Partnership for Low-Carbon Aluminium Power Cable Innovation

(IN BRIEF) Hydro and NKT have announced a strategic partnership to develop a cutting-edge, low-carbon aluminium power cable value chain, aimed at facilitating the growth of Europe’s renewable energy grid. The collaboration, set to extend towards 2030, will focus on … Read the full press release

Ericsson and TDC NET Pioneer Virtual Reality Training for Engineers

(IN BRIEF) Ericsson and TDC NET have initiated a groundbreaking collaboration to provide Virtual Reality (VR) training for TDC NET’s engineers, marking the first of its kind in the Nordics. This innovative approach replaces traditional 2D screen training with immersive … Read the full press release

Almirall Secures Global Rights for Promising Dermatological Treatment, NN-8828, Targeting IL-21

(IN BRIEF) Almirall S.A., a leading pharmaceutical company specializing in medical dermatology, has finalized an exclusive license agreement with Novo Nordisk for the development and commercialization of NN-8828, an IL-21 blocking monoclonal antibody. This innovative treatment holds potential for various … Read the full press release

Rheinmetall Breaks Ground on New Ammunition Factory to Bolster Germany’s Defence

(IN BRIEF) Rheinmetall AG is undertaking a significant strategic initiative to enhance Germany’s national security preparedness by constructing a new ammunition factory, “Werk Niedersachsen,” at its Unterlüß site in Lower Saxony. This factory, with an investment volume of around €300 … Read the full press release

NIB Becomes InvestEU Implementing Partner for Norway and Iceland, Expanding Lending Capacity

(IN BRIEF) In a significant development, the European Commission has signed an amendment to the InvestEU guarantee with the Nordic Investment Bank (NIB), making NIB the implementing partner for Norway and Iceland. This expansion broadens NIB’s lending capacity under the … Read the full press release

Record-Breaking Year for European Offshore Wind in 2023, With Positive Outlook and Investments

(IN BRIEF) Europe experienced a remarkable year in offshore wind energy in 2023, witnessing a record 4.2 GW of new offshore wind farms coming online, marking a 40% increase from the previous year. Investments of €30 billion were confirmed for … Read the full press release

CO-RO Chooses Alfa Laval’s Sustainable Juice Mixing Plant for Enhanced Efficiency

(IN BRIEF) Denmark’s renowned beverage and home-freeze ice lolly producer, CO-RO, has selected Alfa Laval to provide a complete juice mixing plant for its processing facility in Frederikssund, Denmark. Sustainability plays a pivotal role in this collaboration, as food and … Read the full press release

Maersk and Hapag-Lloyd Announce ‘Gemini Cooperation’ for Enhanced Ocean Network

(IN BRIEF) Maersk and Hapag-Lloyd, two major shipping companies, have unveiled a new operational collaboration named the “Gemini Cooperation,” set to commence in February 2025. The partnership aims to provide a flexible and highly reliable ocean network, with a combined … Read the full press release

DNV’s Market Study Explores Denmark’s Potential as a European CO2 Hub in Pursuit of Climate Targets

(IN BRIEF) DNV has completed a comprehensive market study commissioned by a consortium of Danish entities in the Carbon Capture, Utilization, and Storage (CCUS) sector, aiming to assess Denmark’s potential as a pivotal European CO2 hub. This initiative aligns with … Read the full press release

Rheinmetall’s Skyranger 30 Air Defence System Progresses Towards Series Production

(IN BRIEF) Rheinmetall’s mobile Skyranger 30 air defence system has achieved a significant milestone as it moves closer to series production. The successful testing and live-fire campaign of the Skyranger 30 A1 configuration in December 2023 marked an important step … Read the full press release

Vattenfall Completes Vesterhav Syd Offshore Wind Farm, Powers 170,000 Danish Households with Fossil-Free Energy

(IN BRIEF) Vattenfall has achieved a significant milestone by completing the Vesterhav Syd offshore wind farm, connecting it to the Danish power grid. All 20 wind turbines at the site are now operational, supplying fossil-free electricity to approximately 170,000 Danish … Read the full press release

Denmark and Maersk Join Forces with India in Green Fuels Alliance to Accelerate Sustainable Energy Solutions

(IN BRIEF) Denmark has launched the Green Fuels Alliance India (GFAI) initiative in collaboration with A.P. Moller – Maersk and other organizations, aiming to boost sustainable energy solutions and advance their global goal of carbon neutrality. GFAI will foster innovation, … Read the full press release

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

(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

Ørsted’s Historic Carbon Capture Project in Denmark Takes Flight

(IN BRIEF) Ørsted has commenced construction on two carbon capture facilities at the Asnæs Power Station and Avedøre Power Station in Denmark, marking the country’s inaugural full-scale carbon capture endeavor. This project, backed by a 20-year contract from the Danish … Read the full press release

Accenture Partners with Bankdata to Modernize Capital Markets Platform in Denmark

(IN BRIEF) Accenture has entered into a multi-year agreement with Bankdata, a major fintech company in Denmark and the Nordic region, to transform and migrate its capital markets platform to the cloud. Bankdata will utilize Accenture’s Applied Technology and Operations … Read the full press release

Vattenfall’s Vesterhav Syd Wind Farm Powers Up Danish Grid with Clean Energy

(IN BRIEF) Vattenfall has achieved a major milestone as the Vesterhav Syd offshore wind farm delivered its first power to the Danish grid on November 10th. After nearly seven years of work, the wind turbines at Vesterhav Syd are now … Read the full press release

Danish Wind Farm Cultivates Climate-Friendly Foods to Combat the Climate Crisis

(IN BRIEF) The Anholt Offshore Wind Farm in Denmark has launched a research project to cultivate low-carbon foods like seaweed and mussels while protecting the marine environment. The project aims to address both the climate crisis and marine conservation by … Read the full press release

SEB Names Kristian Skovmand as New Country Manager for Danish Operations

(IN BRIEF) Kristian Skovmand, currently the head of SEB’s Investment Banking division, has been named the new Country Manager in Denmark. This appointment comes as Mark Luscombe, the previous Country Manager in Denmark, has chosen to explore new career opportunities … Read the full press release

Danmarks Nationalbank Joins Eurex’s Cleared Repo Markets

(IN BRIEF) Danmarks Nationalbank, the central bank of Denmark, has become the second central bank outside the euro area to actively trade and centrally clear repo transactions at Eurex. Eurex’s cleared repo markets, which currently have over 160 registered participants, … Read the full press release

Hydro Rein and GreenGo Energy to Develop Two New Solar Projects in Denmark, Expanding Partnership

(IN BRIEF) Hydro Rein and GreenGo Energy have expanded their partnership to develop two new early phase solar projects in Denmark. The combined capacity of the projects is 410 MW, with an estimated total annual production of 522 GWh. The … Read the full press release

Neste Partners with Biofuel Express to Expand Distribution of Neste MY Renewable Diesel in Denmark

(IN BRIEF) Renewable fuel company Neste has formed a partnership with Biofuel Express to expand the distribution of Neste MY Renewable Diesel™ in Denmark. Biofuel Express will be responsible for distributing and selling the renewable diesel fuel, while Neste will … Read the full press release

International Investor Mutares Acquires Arriva Group’s Assets in Denmark and Serbia

(IN BRIEF) Arriva Group has successfully sold its businesses in Denmark and Serbia to Mutares SE & Co. KGaA, an international financial investor. This sale is in line with Arriva Group’s strategy to focus on its core markets in the … Read the full press release

RWE Announces Preferred Suppliers for Denmark’s Largest Offshore Wind Farm, Thor

(IN BRIEF) RWE has announced the preferred suppliers for all main components of Thor, Denmark’s largest offshore wind farm, which is planned to have a capacity of over 1,000 MW. The project will be built in the North Sea and … Read the full press release

Nordic Investment Bank provides €134.4m loan to Energinet for Denmark’s power grid expansion

(IN BRIEF) Nordic Investment Bank (NIB) has agreed on a DKK 1 billion (EUR 134.4 million) loan agreement with Energinet, the Danish transmission system operator, to install 10 new substations and refurbish or upgrade 45 existing ones in Denmark between … Read the full press release

Frédéric Beaujean appointed Denmark Branch Manager for Crédit Agricole CIB’s new Copenhagen branch

(IN BRIEF) Crédit Agricole CIB, a global financial services company, has announced the opening of a new branch in Copenhagen, Denmark, as part of its strategic plan to strengthen its position in Europe and expand into new markets. With an … Read the full press release

Energinet and NIB Sign Loan Agreement for Substation Refurbishment and Upgrades in Denmark

(IN BRIEF) The Nordic Investment Bank (NIB) has agreed to a 10-year loan agreement worth DKK 1 billion (EUR 134.4 million) with the Danish TSO Energinet to finance the installation of new substations and refurbishment or upgrade of existing substations … Read the full press release

Gasum announces five teams for biogenic carbon dioxide utilization challenge

(IN BRIEF) Gasum, the Finnish state-owned energy company, has selected five teams to move forward in its open innovation competition, GasumHackathon, which was launched in January. The aim of the competition is to find solutions and partners to utilise the … Read the full press release

Scania prepares for world finals of Top Team workshop excellence competition

(IN BRIEF) Scania is preparing for the world finals of the Top Team competition, which celebrates workshop excellence and customer care. Twelve finalist teams from around the world will compete in Södertälje for the chance to win the top prize … Read the full press release

NIB signs a EUR 49.2m loan agreement with Demant for hearing technology research and development

(IN BRIEF) The Nordic Investment Bank (NIB) has signed a new seven-year loan agreement with Danish global hearing healthcare company Demant A/S, providing DKK 375 million (EUR 49.2 million) to finance the company’s research and development programme for the 2021-2022 … Read the full press release

NORDEN and Spar Shipping take step towards greener shipping with biofuel bunkering

(IN BRIEF) Shipping company NORDEN has bunkered approximately 1,100 tonnes of biofuel in Rotterdam for two voyages to Asia and Africa, in partnership with shipowner Spar Shipping. This marks the first biofuel bunkering for NORDEN on chartered vessels and demonstrates … Read the full press release

Maersk Expands Air Freight Services with Scheduled Flights Between Billund and Hangzhou

(IN BRIEF) A.P. Moller – Maersk has launched a new air freight service with scheduled flights between Billund, Denmark and Hangzhou, China in response to increasing customer demand. The service is expected to increase access for high-value and time-sensitive cargo … Read the full press release

EIF and Denmark’s Export and Investment Fund Guarantee €30.9m in New Loans for Danish Businesses

(IN BRIEF) The European Investment Fund (EIF) and Denmark’s Export and Investment Fund have signed an agreement to provide a sustainability guarantee for new loans to support Danish businesses. The guarantee, backed by the InvestEU program, will enable the Danish … Read the full press release

HOEST PtX Esbjerg: A Gigawatt-scale Power-to-X facility in Denmark to lead the energy transition

DNV to provide independent technical assurance for Europe’s largest green ammonia plant DNV delivers range of services for the Power-to-X project in Denmark, including risk appraisals and sustainability impact studies HOEST PtX Esbjerg project aims to reduce CO2 emissions by … Read the full press release

Baltic Pipe Project Passes DNV Certification, Bringing New Gas Supply Options to Denmark and Poland

(PRESS RELEASE) BÆRUM, 5-Jan-2023 — /EuropaWire/ — DNV, the independent energy expert and assurance provider, has announced the issuance of a Certificates of Conformity (CoC) for the Baltic Pipe project to Energinet, the Danish national transmission system operator for electricity … Read the full press release