Tag Archives: green transition

EIB Report Highlights Financial Sector’s Role in CESEE’s Green Transition

(IN BRIEF) The European Investment Bank (EIB) has released a report by the Vienna Initiative working group, titled “Greening the financial sector: A Central, Eastern and South-Eastern European perspective.” The report underscores the pivotal role of the financial sector in … Read the full press release

Telefónica’s Economic and Social Impact: Driving Growth and Sustainability

(IN BRIEF) Telefónica continues to make significant contributions to economic and social development, as highlighted in its Consolidated Management Report 2023. The group’s operations generated over €49 billion in Gross Domestic Product (GDP) in countries where it operates, with each … Read the full press release

EIB Provides €81 Million Loan for Nuremberg School’s Green Transition

(IN BRIEF) The Martin-Behaim-Gymnasium grammar school in Nuremberg is set to transition into a new, eco-friendly building thanks to an €81 million loan from the European Investment Bank (EIB). This state-of-the-art facility, constructed with wood and equipped with solar panels, … Read the full press release

EBRD Hosts Western Balkans Investment Summit 2024 to Foster Regional Development and Green Transition

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is set to convene the Western Balkans Investment Summit 2024 at its London headquarters, gathering prime ministers from six Western Balkans nations alongside international investors. Scheduled for February 26, the … Read the full press release

EIB Global Supports Vlašić Wind Farm with €36 Million Loan as Part of Green Transition in Bosnia and Herzegovina

(IN BRIEF) The European Investment Bank (EIB) Global has pledged €36 million for the construction of the Vlašić wind farm in Bosnia and Herzegovina, supplementing the €21 million EU grant. Expected to generate 115 GWh/year of electricity and displace 140,000 … Read the full press release

EIF Signs €2 Billion Guarantee Agreements to Boost SMEs and Green Transition in Bulgaria

(IN BRIEF) The European Investment Fund (EIF), a part of the European Investment Bank Group, has inked guarantee agreements with four Bulgarian banks, including Postbank (Eurobank Bulgaria), ProCredit Bank Bulgaria, UniCredit Bulbank, and United Bulgarian Bank, facilitating up to €2 … Read the full press release

EBRD Achieves Record Investment of €846 Million in Serbia, Prioritizing Green Transition and Economic Growth

(IN BRIEF) In 2023, the European Bank for Reconstruction and Development (EBRD) marked a historic investment of €846 million in Serbia, a significant increase from the previous year and surpassing the previous record of €679 million in 2020. The EBRD’s … Read the full press release

Altor Raises Largest-Ever Fund at EUR 3 Billion, Focuses on Green Transition Investments

(IN BRIEF) Altor has successfully closed Altor Fund VI at its hard cap of EUR 3 billion, marking the firm’s largest fund to date. With a track record of strong performance, including a 29% gross IRR and 3.0x money multiple … Read the full press release

Hydro Expands Commitment to Green Transition with First Suppliers Hub Membership

(IN BRIEF) Hydro, a leader in low-carbon aluminum production, has joined the First Suppliers Hub, a tool launched at the World Economic Forum’s annual meeting in Davos. The hub streamlines the transition from climate commitments to action for companies dedicated … Read the full press release

Groupe BPCE and EIB Join Forces to Provide €300 Million for Green Transition of SMEs and Mid-Caps

(IN BRIEF) Groupe BPCE and the European Investment Bank (EIB) have collaborated to offer a €300 million package aimed at facilitating the green transition of small and medium-sized enterprises (SMEs) and mid-cap companies. This partnership enables Groupe BPCE to provide … Read the full press release

Surge in Orders for Alternative-Fueled Ships Signals Maritime Industry’s Green Transition

(IN BRIEF) DNV’s Alternative Fuels Insight (AFI) platform reported a significant increase in orders for ships with alternative fuel propulsion in 2023, totaling 298, marking an 8% year-on-year rise. Notably, methanol gained prominence with 138 orders, nearly on par with … Read the full press release

EBRD Transition Report 2023-24 Explores the Impact of Green Transition on Jobs, Happiness, and Structural Reforms

(IN BRIEF) The EBRD Transition Report 2023-24, titled “Transitions big and small,” examines the profound changes required for the global shift to net-zero emissions. It highlights the transformation of economies, supply chains, and daily lives due to climate change, technological … Read the full press release

Fortum and Studsvik Collaborate to Explore New Nuclear Options for Sweden’s Green Transition

(IN BRIEF) Fortum, a leading energy company, has entered into a Memorandum of Understanding (MoU) with Swedish nuclear technology firm Studsvik to investigate the potential for new nuclear projects in Sweden. This collaboration is part of Fortum’s ongoing feasibility study … Read the full press release

EIB and Malta Development Bank Join Forces to Drive Green Transition for Small and Medium-Sized Enterprises

(IN BRIEF) The European Investment Bank (EIB) and Malta Development Bank (MDB) have formed a partnership aimed at accelerating the green transformation of small and medium-sized companies (SMEs) and public sector entities in Malta. Under this collaboration, the EIB is … Read the full press release

Keolis Wins Contracts to Transform Public Transport and Drive Green Transition in Two French Urban Regions

(IN BRIEF) Keolis, a transportation company, has been awarded two significant contracts by urban district councils in France to improve public transport services and advance the energy transition. The first contract with Communauté de l’Auxerrois involves the operation of its … Read the full press release

EIB and Intesa Sanpaolo Collaborate on €100m Loan to Promote Green Transition in Italian Public Sector

(IN BRIEF) The European Investment Bank (EIB) and Intesa Sanpaolo have entered into an agreement for a €100 million loan to facilitate the green transition of the public sector and publicly owned companies in Italy. This initiative marks the first … Read the full press release

EIB Grants €100 Million Loan to Intesa Sanpaolo to Boost Green Transition in Italy’s Public Sector

(IN BRIEF) The European Investment Bank (EIB) has signed an agreement with Intesa Sanpaolo to provide a €100 million loan aimed at supporting the green transition of the public sector and publicly owned companies in Italy. This partnership marks the … Read the full press release

EBRD Unveils New Strategy to Drive Green Transition in Slovakia

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has unveiled a new country strategy for the Slovak Republic, outlining its focus on advancing the green transition and strengthening economic resilience in the country. The strategy includes efforts to … Read the full press release

EIB Engages in ASEAN Summit, Prioritizing Sustainable Investments and Green Transition

(IN BRIEF) The European Investment Bank (EIB) participated in the 43rd ASEAN Summit and related ASEAN Indo-Pacific Forum, focusing on sustainable initiatives, economic growth, and climate action in ASEAN countries. Vice-President Kris Peeters highlighted the EIB’s commitment to supporting green … Read the full press release

thyssenkrupp Unveils Decarbon Technologies Segment to Lead the Green Transition

(IN BRIEF) Industrial and technology company thyssenkrupp is undergoing a significant transformation, reorganizing its portfolio to create the “Decarbon Technologies” segment, set to launch on October 1, 2023. This new segment will consolidate key technologies for decarbonizing industries, such as … Read the full press release

UK Allocates £18.5 Million for Green Transition Ecosystem Projects to Tackle Ecological Challenges

(IN BRIEF) The UK government has allocated £18.5 million to fund four Green Transition Ecosystem projects aimed at addressing ecological challenges through design-based solutions. The initiatives encompass various areas, including retrofitting houses for improved energy efficiency, sustainable medical equipment usage, … Read the full press release

The European Investment Bank (EIB) to provide a €460 million loan to Italy’s Hera Group to support its green transition and sustainability goals

(IN BRIEF) The European Investment Bank (EIB) has provided a €460 million loan to Italy’s Hera Group to support its green transition and sustainability goals. The loan aims to strengthen integrated water services, increase renewable energy production, promote energy efficiency, … Read the full press release

Northern Italy’s SMEs to Benefit from Banca Cassa di Risparmio di Savigliano and EIF’s Green Transition Partnership

(IN BRIEF) Banca Cassa di Risparmio di Savigliano and the European Investment Fund (EIF) have partnered to support the green transition of small and medium-sized enterprises (SMEs) in Northern Italy. The EIF has provided a €32.9 million capped guarantee to … Read the full press release

InvestEU-backed Partnership to Stimulate SME Growth and Digitalization in Slovenia

(IN BRIEF) The European Investment Fund (EIF) and SID Bank have signed a guarantee agreement worth €42 million to unlock €72 million in new loans for micro, small, and medium-sized enterprises (SMEs) in Slovenia. The agreement, backed by InvestEU, will … Read the full press release

European Parliament Approves Draft Law to Empower Consumers and Promote Sustainable Products

(IN BRIEF) MEPs approve draft legislation to improve product labelling and durability, and combat misleading claims. The proposal aims to empower consumers in making environmentally friendly choices and encourage companies to offer more sustainable products. The legislation includes banning misleading … Read the full press release

Finnish SMEs to benefit from new climate and innovation loan products with EIF guarantee

(IN BRIEF) The European Investment Fund (EIF) will provide a €170 million guarantee to Finnvera Plc to finance approximately €280 million of investment by small companies in Finland. The support of the InvestEU programme enables the guarantee to trigger more … Read the full press release

RWE Commences Construction of Onshore Substation for Denmark’s Largest Offshore Wind Farm

(IN BRIEF) Renewable energy company RWE has begun construction on the onshore substation for the Thor offshore wind farm in Denmark. The wind farm is set to become Denmark’s largest to date, producing over 1,000 MW of green electricity and … Read the full press release

SSAB’s Revolutionary Steel: A Game-Changer for the Industry’s Green Transition

(IN BRIEF) Steel manufacturer SSAB has unveiled SSAB Zero, a fossil carbon emission-free steel that’s made with fossil-free energy and recycled steel. The first commercial steel of its kind, it will be available in Q2 2023. The launch of SSAB … Read the full press release

EIB Provides €55m Green Loan for Iberdrola’s 100 MW Buniel Wind Farm in Spain

(IN BRIEF) The European Investment Bank (EIB) has granted a €55 million green loan to a joint venture between Iberdrola and Caja Rural de Soria to build the Buniel wind farm in Burgos, Spain. The wind farm will have an … Read the full press release

Caisse d’Epargne CEPAC secures EUR 350 million financing package from the European Investment Bank (EIB) aimed at financing solar and wind projects in France

(PRESS RELEASE) LUXEMBOURG, 7-Dec-2022 — /EuropaWire/ — The European Investment Bank (EIB), the lending arm of the European Union, has announced it will support solar and wind projects in France by providing EUR 350 million financing package to Caisse d’Epargne … Read the full press release

Hydro towards more sustainable aluminium: 25 sustainability projects worth more than EUR 1 billion in investments

(PRESS RELEASE) OSLO, 27-Sep-2022 — /EuropaWire/ — Norsk Hydro ASA (OTCMKTS: NHYDY), a Norwegian aluminium and renewable energy company committed to a sustainable future, has announced that the company is currently dealing with more than 25 sustainability related projects worth … Read the full press release

Samira Aissi joins SEB’s venture capital firm Greentech VC as an investment manager

(PRESS RELEASE) STOCKHOLM, 13-May-2022 — /EuropaWire/ — Skandinaviska Enskilda Banken AB (STO: SEB-A) (SEB), a Swedish financial group leader on the Nordic market, has announced the appointment of Samira Aissi as an investment manager at its venture capital firm Greentech … Read the full press release

Samira Aissi tritt als Investmentmanagerin der SEB-Venture-Capital-Gesellschaft Greentech VC bei

(PRESSEMITTEILUNG) STOCKHOLM, 13-May-2022 — /EuropaWire/ — Skandinaviska Enskilda Banken AB (STO: SEB-A) (SEB), eine führende schwedische Finanzgruppe auf dem nordischen Markt, hat die Ernennung von Samira bekannt gegeben Aissi als Investmentmanager bei seiner Risikokapitalgesellschaft Greentech VC. Sie bringt umfangreiche Erfahrung … Read the full press release

New Joint Collaboration Space in Shanghai by DNV, Atlas Corp. and Seaspan extends their partnership into onshore and offshore renewable energies, decarbonization and digitalization

(PRESS RELEASE) BÆRUM, Norway, 29-Oct-2021 — /EuropaWire/ — DNV, the independent energy expert and assurance provider, has announced the establishment of a new Joint Collaboration Space (JCS) in Shanghai, China, together with Atlas Corp, a leading global asset management company, … Read the full press release

EBRD appoints Elisabetta Falcetti as the new Head for Poland

(PRESS RELEASE) LONDON, 15-Jun-2021 — /EuropaWire/ — European Bank for Reconstruction and Development (EBRD) announces the appointment of Elisabetta Falcetti as the new Head in in central Europe and the Baltic states (CEB). EBRD President Odile Renaud-Basso has formally introduced … Read the full press release

Telefónica commits to contribute to the success of the EU’s green and digital transformation

An initiative of the European Commission and leading European ICT companies to drive green digital solutions to create an innovative, sustainable and resilient economy. Its commitment to have zero net emissions by 2025 in its main markets has enabled the … Read the full press release

SSAB appoints Karl-Petter Thorwaldsson as Senior Advisor

(PRESS RELEASE) STOCKHOLM, 25-Feb-2021 — /EuropaWire/ — SSAB announces the appointment of Karl-Petter Thorwaldsson, former president of the Swedish Trade Union Confederation, LO, as Senior Advisor. The appointment will strengthen SSAB’s government relations and public affairs in Sweden and at … Read the full press release

Vattenfall’s construction plans for Vesterhav Syd and Nord offshore wind farm projects gets approval from The Danish Energy Agency

(PRESS RELEASE) STOCKHOLM, 14-Dec-2020 — /EuropaWire/ — Vattendall announces that it has received permission for the construction work on the offshore wind farms Vesterhav Syd and Nord from the Danish Energy Agency. The Danish Energy Agency’s decision constitutes a stamp … Read the full press release