Tag Archives: green transition

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