Tag Archives: Germany

Landmark Solar and Battery Project in Senegal to Deliver Clean Energy to 235,000 People

(IN BRIEF) An EUR 84 million investment will fund the development of two photovoltaic solar plants with integrated battery energy storage systems (BESS) in Senegal’s Kolda region, providing clean energy to 235,000 people. Spearheaded by the Emerging Africa & Asia … Read the full press release

Amundi Acquires German Fintech aixigo to Strengthen Digital Solutions for Wealth Management

(IN BRIEF) Amundi has acquired German fintech company aixigo for €149 million, integrating its modular, API-driven technology platform into Amundi Technology. This acquisition expands Amundi’s digital services for banks and wealth managers, aiming to enhance operational efficiency and personalized financial … Read the full press release

EIB Group Backs Europe’s First Solar ABS with €100M Investment, Expanding Access to Affordable Clean Energy

(IN BRIEF) The European Investment Bank (EIB) Group has invested €100 million in Europe’s first public solar asset-backed securitisation (ABS) led by German green tech company Enpal. This groundbreaking transaction, valued at €240 million, enables Enpal to refinance residential solar … Read the full press release

Haspa Secures €100 Million EIB Loan to Drive Investments in Sustainable Projects for Small and Medium Businesses

(IN BRIEF) Haspa will receive €100 million from the European Investment Bank to finance small businesses and mid-sized companies in northern Germany, with a focus on renewable energy and energy efficiency projects. This funding will unlock up to €280 million … Read the full press release

Deutsche Bank Honored as Top Global Private Bank for Entrepreneurs and Market Leader in Germany at PWM Awards 2024

(IN BRIEF) Deutsche Bank’s Private Bank has been named “Best Private Bank for Entrepreneurs” globally and “Best Private Bank in Germany” by Professional Wealth Management (PWM) and The Banker at the 2024 Global Private Banking Awards. These awards recognize the … Read the full press release

FrieslandCampina Launches Pilot to Curb Methane Emissions with Innovative Manure Additive in Dutch and German Dairy Farms

(IN BRIEF) FrieslandCampina, in partnership with Agrifirm, Agravis, and Alzchem, has initiated a pilot program using the manure additive Eminex to reduce methane emissions during manure storage. Ten dairy farmers in the Netherlands and Germany are testing Eminex to explore … Read the full press release

European Research Collaboration by Merck and Intel Pioneers AI-Driven Sustainability in Semiconductor Manufacturing

(IN BRIEF) Merck and Intel have launched a collaborative academic research initiative in Europe, bringing together eleven institutions from six countries. The program focuses on using Artificial Intelligence (AI) to make semiconductor manufacturing more sustainable, with research projects dedicated to … Read the full press release

Germany Emerges as Top European Hub for International Researchers and Students, Says DAAD Report

(IN BRIEF) The German Academic Exchange Service (DAAD) has published new findings highlighting Germany’s growing appeal as a top destination for international academics and students, second only to the United States. In 2021, Germany hosted over 75,000 international researchers, surpassing … Read the full press release

Covestro Recommends ADNOC International’s €11.7 Billion Takeover Offer to Support Sustainable Growth Strategy

(IN BRIEF) Covestro’s management has recommended shareholders accept a €62.00 per share takeover offer from ADNOC International, highlighting the strategic partnership’s alignment with Covestro’s sustainability goals and the attractive 54% premium offered. The offer period runs through November 27, with … Read the full press release

EIB Backs Oceanloop’s Sustainable Aquaculture Expansion with €35 Million Investment in Land-Based Shrimp Farming

(IN BRIEF) The EIB has provided Oceanloop with a €35 million loan to support the expansion of its sustainable shrimp farming technology, allowing the company to grow operations in Germany and establish a large-scale farm in Gran Canaria. This investment … Read the full press release

Vodafone Foundation Deploys Emergency Networks in Flood-Stricken Valencia to Restore Vital Connectivity

(IN BRIEF) In response to severe flooding in Valencia, Vodafone Foundation, alongside Vodafone Spain and the Red Cross, deployed six Instant Networks to restore connectivity in hard-hit areas. A team of volunteers from Vodafone’s Instant Network Emergency Response programme quickly … Read the full press release

Deutsche Telekom’s Christmas Campaign Inspires Unity and Connection Across Europe

(IN BRIEF) Deutsche Telekom has launched a new Christmas campaign, “Connections Begin When Barriers Break,” across ten European countries, emphasizing unity and tolerance. Through a heartwarming story of two young girls separated by a glass barrier, the campaign highlights the … Read the full press release

Deutsche Telekom and Bankhaus Metzler Pilot Bitcoin Mining with Surplus Renewable Energy to Aid Grid Stability in Germany

(IN BRIEF) Deutsche Telekom’s MMS and Bankhaus Metzler have launched a pilot project, “Digital Monetary Photosynthesis,” using surplus renewable energy to power Bitcoin mining as a means of stabilizing Germany’s energy grid. By converting unused renewable energy from sources like … Read the full press release

Aurubis Wins German Sustainability Award for Pioneering Carbon-Neutral Production and Circular Metal Recycling

(IN BRIEF) Aurubis, a global leader in non-ferrous metals and copper recycling, has won the 17th German Sustainability Award in the Metal Sector for its commitment to carbon-neutral and circular metal production. This prestigious European award honors Aurubis’ extensive efforts … Read the full press release

BUKO Traffic & Safety Enters German Market with Strategic Acquisition of BVT Bremer Verkehrstechnik

(IN BRIEF) BUKO Traffic & Safety, a leading Dutch provider of traffic and safety management solutions, has expanded into the German market by acquiring BVT Bremer Verkehrstechnik GmbH. This acquisition aligns with BUKO’s broader European growth strategy, which saw it … Read the full press release

Crédit Agricole Leasing & Factoring Strengthens German Market Presence with Merca Leasing Acquisition

(IN BRIEF) Crédit Agricole Leasing & Factoring (CAL&F) has signed a Share Purchase Agreement to acquire Merca Leasing, a leading independent leasing company in Germany, pending regulatory approvals. This acquisition aligns with CAL&F’s strategy to enhance its presence in the … Read the full press release

Continental’s German Plants Achieve ISCC PLUS Certification, Advancing Sustainable Material Goals for 2050

(IN BRIEF) Continental’s ContiTech facilities in Waltershausen and Eislingen have achieved ISCC PLUS certification, marking them as the first Continental plants in Germany to reach this sustainability standard. This certification allows Continental to integrate renewable and recycled materials into its … Read the full press release

Vienna Insurance Group Launches Cyber Risk Solutions to Strengthen Cybersecurity for SMEs

(IN BRIEF) Vienna Insurance Group (VIG) has launched Cyber Risk Solutions GmbH (CyRiSo) to support small and medium-sized businesses in managing cyber risks. CyRiSo provides a range of services, including risk assessments, incident response, and ransomware protection, helping clients mitigate … Read the full press release

Accenture Expands AI and SAP Capabilities with Acquisition of Camelot Management Consultants

(IN BRIEF) Accenture has completed its acquisition of Camelot Management Consultants, a German firm specializing in SAP, supply chain, and data analytics consulting. This acquisition, first announced in July, enhances Accenture’s SAP and AI-driven supply chain capabilities, allowing it to … Read the full press release

voestalpine Sells Buderus Edelstahl to Mutares in Strategic Shift Toward High-Performance Materials

(IN BRIEF) voestalpine has announced the sale of its German subsidiary, Buderus Edelstahl, to Mutares SE & Co. KGaA, a prominent investment company. The agreement, signed on October 23, 2024, is awaiting regulatory approval and is expected to be finalized … Read the full press release

Pilkington Italy Expands Emissions Reduction Efforts with Second GEA DeNOx System at San Salvo Facility

(IN BRIEF) Pilkington Italy has ordered a second DeNOx gas purification system from GEA for its San Salvo glass production facility on the Adriatic coast. This follows the successful installation of the first system in 2020, which significantly reduced nitrogen … Read the full press release

EIB and Deutsche Leasing Partner to Boost Green Transformation of Small Businesses with €200 Million Financing

(IN BRIEF) The European Investment Bank (EIB) and Deutsche Leasing have signed the second tranche of a €560 million project to support the green transformation of small and medium-sized enterprises (SMEs) and mid-caps in Germany and Eastern Europe. With €200 … Read the full press release

EIB Backs Vay’s Expansion of Remote-Driven Car-Sharing in Europe with €34 Million Loan

(IN BRIEF) The European Investment Bank (EIB) has provided a €34 million loan to Vay, a German teledriving technology company, to support its expansion in Europe. Vay’s innovative system allows vehicles to be remotely driven by trained drivers from a … Read the full press release

Wind Power Milestone: Iberdrola and Masdar Complete Baltic Eagle Turbine Installation to Power 475,000 Homes

(IN BRIEF) Iberdrola and Masdar have completed the installation of all 50 wind turbines at the Baltic Eagle offshore wind farm in the German Baltic Sea. The 476 MW wind farm is set to provide clean energy to around 475,000 … Read the full press release

EIB and IKB Join Forces to Unlock €400 Million in Sustainable Financing for Germany’s Mid-Cap Companies

(IN BRIEF) The European Investment Bank (EIB) and IKB Deutsche Industriebank AG have launched a partnership to support sustainable finance for mid-cap companies in Germany, introducing a new loan portfolio of €400 million. This initiative is aimed at firms with … Read the full press release

Team Europe Unites to Bolster Economic Development in ACP Nations with New €74 Million Funding Initiative

(IN BRIEF) The ACP Trust Fund has secured over €74 million in pledges from seven EU member states, including Denmark, Finland, Germany, Luxembourg, Portugal, Spain, and Sweden, to support economic growth in African, Caribbean, and Pacific (ACP) countries. This funding … Read the full press release

EIB and IKB Partner to Launch €400 Million Sustainable Financing Initiative for Mid-Sized Companies in Germany

(IN BRIEF) The European Investment Bank (EIB) and IKB Deutsche Industriebank AG (IKB) have launched a strategic partnership aimed at enhancing access to sustainable financing for mid-cap companies in Germany. This initiative includes a €400 million loan portfolio, where the … Read the full press release

TotalEnergies Joins RWE in 4 GW Offshore Wind Projects to Power Germany’s Energy Transition

(IN BRIEF) TotalEnergies has acquired a 50% stake in two offshore wind projects, N-9.1 and N-9.2, from RWE. Located off the German coast, these projects, with a combined capacity of 4 GW, are expected to be commissioned in 2031 and … Read the full press release

RWE and TotalEnergies Join Forces to Develop 4 GW Offshore Wind Projects in Germany

(IN BRIEF) RWE and TotalEnergies have partnered to develop two large-scale offshore wind projects off the German coast, each with a capacity of 2 gigawatts (GW). TotalEnergies will acquire a 50% stake in both projects, following RWE’s successful bid in … Read the full press release

Euronext Expands European Derivatives Market with New Single Stock Options for Germany, Ireland, and Portugal

(IN BRIEF) Euronext has expanded its European derivatives offering by launching new Single Stock Options for German, Irish, and Portuguese stocks. The addition of 21 German options completes coverage of the DAX 40 Index, while six Irish and four Portuguese … Read the full press release

Survey Reveals Generative AI’s Growing Role in Crafting Love Letters and Daily Life

(IN BRIEF) A recent survey by Deutsche Telekom indicates a significant shift in how individuals approach personal expression, with many turning to generative AI for assistance in writing love letters. The study found that over 40% of respondents in France, … Read the full press release

RWE Unveils First Turbine Blade for Sofia Offshore Wind Farm at Siemens Gamesa Hull Factory

(IN BRIEF) RWE has officially unveiled the first turbine blade for the Sofia Offshore Wind Farm, produced at Siemens Gamesa’s Hull facility. This significant milestone in the construction of the flagship renewable energy project was celebrated at a ceremony attended … Read the full press release

Covestro Signs Investment Agreement with ADNOC, Supporting €62.00 Takeover Offer for Shareholders

(IN BRIEF) Covestro AG has signed an Investment Agreement with ADNOC International Germany Holding AG, which supports ADNOC’s public takeover offer for all Covestro shares at €62.00 each, valuing the company at approximately €11.7 billion. The agreement ensures ADNOC’s commitment … Read the full press release

ORLEN Expands Sustainable Fuel Portfolio with HVO100 Biofuel Sales in Germany

(IN BRIEF) The ORLEN Group has launched sales of its HVO100 biofuel at two service stations in Germany, with plans to expand further. HVO100, made from vegetable oils and waste products such as used cooking oil, can reduce greenhouse gas … Read the full press release

Logicor Strengthens Sustainability Efforts with Tree Planting Initiative in Lüdenscheid

(IN BRIEF) Logicor celebrated its Environmental Day in Lüdenscheid, Germany, for the second consecutive year on September 26, 2024. Partnering with ‘Plant-my-Tree,’ 20 employees planted around 500 trees and checked on the growth of trees planted the previous year. This … Read the full press release

International Crackdown on Fraud Network Exploiting European Public Institutions Yields Major Seizures

(IN BRIEF) German and Italian authorities, with the support of Eurojust and Europol, have successfully dismantled a large-scale fraud operation that targeted public institutions, cities, and municipalities. The suspects used phishing techniques to manipulate real invoices and divert payments meant … Read the full press release

RWE Partners with Port of Setúbal to Establish Key Hub for Floating Offshore Wind in Portugal

(IN BRIEF) RWE has partnered with the Port Authority of Setúbal in Portugal through a Letter of Support, aiming to transform the port into a key logistics hub for floating offshore wind projects. This initiative aligns with Portugal’s renewable energy … Read the full press release

GfK Report: Germany’s Consumer Confidence Sees Modest Rebound, But Economic Fears Persist

(IN BRIEF) Germany’s consumer sentiment showed a slight improvement in September 2024, according to the latest GfK report. After a significant drop the previous month, income expectations and willingness to buy have increased, resulting in a modest rise in the … Read the full press release

Eviden Selected by CFL to Upgrade Railway Communication Systems for Enhanced Safety and Efficiency

(IN BRIEF) Eviden has been selected by the Luxembourg National Railway Company (CFL) to implement next-generation critical communication solutions to upgrade its GSM-R command and control network, enhancing safety and operational efficiency. The project, expected to be operational by late … Read the full press release

BNP Paribas Expands Wealth Management Footprint in Germany by Acquiring HSBC’s Private Banking Division

(IN BRIEF) BNP Paribas has signed an agreement to acquire HSBC’s private banking operations in Germany, aiming to enhance its wealth management services and increase its assets under management to over €40 billion. This strategic acquisition targets growth within the … Read the full press release