Tag Archives: energy infrastructure

RWE Launches Major Battery Storage Systems to Support Energy Grid Stability in Germany

(IN BRIEF) RWE has launched one of Germany’s largest battery storage systems at its Hamm and Neurath sites, providing 220 MW of capacity to help stabilise the electricity grid. The system contributes to energy market balancing and is integrated into … Read the full press release

Baltic States Achieve Historic Electricity Grid Synchronization with Europe, Boosting Energy Security

(IN BRIEF) Estonia, Latvia, and Lithuania have successfully synchronized their electricity grids with the European Continental European Network, marking a significant step in their energy independence from Russia and Belarus. This achievement, celebrated as “Energy Independence Day,” strengthens the region’s … Read the full press release

NIB Provides EUR 33.5 Million Loan to Tønder Biogas for One of Europe’s Largest Biogas Facilities

(IN BRIEF) The Nordic Investment Bank (NIB) has signed a 16-year loan agreement worth DKK 250 million (EUR 33.5 million) with Tønder Biogas A/S to finance one of Europe’s largest biogas facilities in Tønder, Denmark. The plant, set to begin … Read the full press release

HØST PtX Esbjerg Welcomes Danish Government’s Hydrogen Pipeline Announcement, Strengthening Green Hydrogen Ambitions

(IN BRIEF) HØST PtX Esbjerg, developed by CIP, celebrates the Danish government’s recent announcement about the planned hydrogen pipeline between Denmark and Germany, set for completion in 2030. This milestone supports the 1GW green hydrogen plant, HØST, which is on … Read the full press release

AFRY Secures Key Design Contract for Control Circuit Reconstruction at Paks Nuclear Power Plant, Hungary

(IN BRIEF) AFRY has been awarded a significant design contract by MVM NUKA for the reconstruction of control circuits at Hungary’s MVM Paks Nuclear Power Plant as part of its lifetime extension programme. The project involves the design of nearly … Read the full press release

EIB and ČEZ Partner on €400 Million Loan to Enhance Czech Energy Infrastructure and Green Transition

(IN BRIEF) The European Investment Bank (EIB) is lending €400 million to Czech energy provider ČEZ to modernize and expand the country’s electricity distribution grid, enabling the integration of up to 5.5 gigawatts of renewable energy. The project, aligned with … Read the full press release

EIB and CDP Invest €500 Million in ACEA to Boost Rome’s Energy Infrastructure and Support Green Transition

(IN BRIEF) ACEA has secured €500 million in financing from the European Investment Bank (EIB) and Cassa Depositi e Prestiti (CDP), backed by SACE, to upgrade the electricity distribution network managed by Areti in Rome and Formello. This investment, aimed … Read the full press release

CapMan Infra Expands Investment in Hamina’s Energy Infrastructure

(IN BRIEF) CapMan Infra has announced a significant investment in Hamina, Finland, through its CapMan Nordic Infrastructure II fund, acquiring full ownership of Haminan Kaukolämpö Oy and Haminan Sähköverkko Oy from Haminan Energia. This acquisition aims to enhance the utilization … Read the full press release

Apollo Acquires Stake in bp’s Trans Adriatic Pipeline, Exploring Further Energy Collaboration

(IN BRIEF) Apollo Global Management has purchased a non-controlling stake in bp Pipelines TAP Limited, which holds bp’s 20% share in the Trans Adriatic Pipeline (TAP), for approximately $1 billion. While bp remains the controlling shareholder, this partnership allows bp … Read the full press release

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

E.ON Forges Ahead with Strategic Leadership Changes

(IN BRIEF) E.ON, a major player in the energy sector, has finalized its board restructuring, appointing Marc Spieker as Chief Operating Officer Commercial and Nadia Jakobi as Chief Financial Officer, underlining a strategic pivot towards sustainable energy solutions. CEO Leonhard … Read the full press release

Eni, Plenitude, and Energy Infrastructure Partners Finalize Investment Agreement

(IN BRIEF) Eni, Plenitude, and Energy Infrastructure Partners (EIP) have concluded their investment agreement, with EIP acquiring a 7.6% stake in Plenitude through a capital increase of €588 million. This transaction, initially announced in December 2023, marks a significant milestone … Read the full press release

UK Energy Transition Outlook 2024: DNV Highlights Need for Policy Clarity

(IN BRIEF) DNV, a leading independent energy expert, released its 2024 UK Energy Transition Outlook (ETO) report, highlighting the urgent need for the UK Government to prioritize long-term policy clarity and consistency to drive the transition away from fossil fuels. … Read the full press release

Finland’s Suur-Savon Sähkö Oy Partners with NIB on EUR 45 Million Energy Infrastructure Initiative

(IN BRIEF) The Nordic Investment Bank (NIB) and Suur-Savon Sähkö Oy, a municipal energy utility, have signed a 10-year, EUR 45 million loan agreement for investment projects from 2023 to 2024. Suur-Savon Sähkö Oy’s initiatives focus on improving the region’s … Read the full press release

Equinor Boosts UK Operations with $850 Million Suncor Energy Acquisition

(IN BRIEF) Equinor UK Limited has agreed to acquire Suncor Energy UK Limited for $850 million, which includes a non-operated interest in the Buzzard oil field (29.89%) and an additional operated interest in the Rosebank development (40%). The acquisition will … 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

PGNiG acquires 25% interest in Musakhel licence block in central Pakistan

(PRESS RELEASE) WARSAW, 19-May-2021 — /EuropaWire/ — Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) announces that it has secured a new licence in Pakistan through the acquisition of a 25% interest in the Musakhel licence block in central Pakistan. The Company … Read the full press release

Snam led consortium to acquire 49% of ADNOC Gas Pipeline Assets

ADNOC Gas Pipeline Assets LLC holds the tariff-based rights for the infrastructure (38 pipelines) that connects ADNOC’s upstream activities to Abu Dhabi’s consumption points and the export and interconnection terminals to neighboring Emirates (PRESS RELEASE) ABU DHABI, UAE, 23-Jun-2020 — … Read the full press release