Tag Archives: industrial competitiveness

Statkraft to Supply Hydro With 876 GWh of Power Annually Under New Long-Term Agreement

(IN BRIEF) Statkraft and Hydro Energi have signed a long-term power purchase agreement (PPA) securing 876 GWh of annual power supply from 2031 to 2040, representing a total of approximately 8.8 TWh over the contract period, with delivery in Norwegian … Read the full press release

ArcelorMittal Selects Microsoft Azure as Core Platform for Data-Centric Industrial Digital Strategy

(IN BRIEF) ArcelorMittal has expanded its collaboration with Microsoft to accelerate its transformation into a data-driven and AI-enabled organisation. The collaboration supports ArcelorMittal’s “Cloud First, Data Centric” strategy, with Microsoft Azure becoming the company’s primary cloud computing platform. ArcelorMittal will … Read the full press release

Whitelee Wind Farm Set for Major Upgrade as Iberdrola Advances UK Renewable Energy Investment

(IN BRIEF) Iberdrola, through its UK subsidiary ScottishPower, plans to repower Whitelee, the United Kingdom’s largest onshore wind farm. The proposed project would involve investments of €1.8 billion and would replace the existing turbines with more powerful models, increasing the … Read the full press release

NIB Backs Elkem’s Decarbonisation and Process Innovation Programme With NOK 750 Million Loan

(IN BRIEF) The Nordic Investment Bank has signed a 10-year NOK 750 million loan agreement with Elkem ASA to finance the company’s research and development investments in Norway between 2025 and 2029. The programme focuses on process innovation, energy efficiency, … Read the full press release

Alcoa Reinforces Norwegian Aluminium Production with Long-Term Power Agreements from Statkraft

(IN BRIEF) Statkraft and Alcoa have signed two new power agreements to secure electricity supply for Alcoa’s aluminium plant at Lista in Southern Norway. The agreements cover approximately 4.8 TWh of electricity for the period 2028 to 2031 and are … Read the full press release

Iberdrola Advances Industrial Decarbonisation With EU-Backed Renewable Heat Projects Across Energy-Intensive Sectors

(IN BRIEF) Iberdrola has been awarded European support for eight industrial heat electrification projects under the first European Commission Innovation Fund auction focused on decarbonising industrial heat. The projects will use electric boilers powered by renewable electricity to replace fossil … Read the full press release

Tessalia Joint Venture Advances European Chip Packaging Ambitions With Planned 50 Million SiP Components Annually by 2033

(IN BRIEF) Foxconn, Radiall and Thales have inaugurated the next stage of Tessalia Technology SAS, a new joint venture in Le Barp, Nouvelle-Aquitaine, dedicated to Outsourced Semiconductor Assembly and Testing. Created within the framework of the EU Chips Act, Tessalia … Read the full press release

Gonvarri Industries Strengthens Renewable Energy Strategy Through 10-Year Electricity Agreement with Iberdrola

(IN BRIEF) Iberdrola has signed a 10-year renewable electricity supply agreement with Gonvarri Industries to provide 26,000 MWh of power each year to eight production facilities in four European countries. The agreement will be fully backed by guarantees of origin, … Read the full press release

Iberdrola chairman urges faster electrification and stronger grid investment at European industry summit in Sweden

(IN BRIEF) Iberdrola Executive Chairman Ignacio Galán has called for faster electrification, stronger electricity grid investment and simplified administrative procedures during the European Round Table for Industry plenary meeting in Sweden. Speaking alongside European Commission President Ursula von der Leyen … Read the full press release

Romanian Pharmaceutical Producer Antibiotice Receives EIB Advisory Support for Future Growth and Expansion

(IN BRIEF) The European Investment Bank will provide advisory support to Romanian pharmaceutical producer Antibiotice SA to strengthen its corporate governance framework and investment readiness. The cooperation aims to align the company’s operational and risk-management practices with international pharmaceutical industry … Read the full press release

Fortum Calls for Early Policy Action to Enable Nuclear Investment and Strengthen Nordic Energy Competitiveness

(IN BRIEF) Fortum is advocating for early planning and policy development to support new nuclear power in Finland, positioning it as a key driver of economic growth, energy stability, and industrial competitiveness. Drawing on recent studies, including analysis by AFRY … Read the full press release

European Resilience Alliance Launches to Accelerate Clean Hydrogen Deployment and Strengthen Energy Security Across Europe

(IN BRIEF) The European Resilience Alliance for Clean Hydrogen and Derivatives has been launched in Brussels as a major industry-led initiative to accelerate clean hydrogen deployment across Europe. Supported by leading energy and industrial companies and in cooperation with Hydrogen … Read the full press release

Industry Alliance Urges EU Electrification Action Plan to Deliver Affordable Power and Stronger Industrial Competitiveness

(IN BRIEF) Cefic and the Alliance of Energy Intensive Industries have presented a joint position paper outlining recommendations for the European Union’s upcoming Electrification Action Plan, warning that high and volatile electricity prices are undermining industrial competitiveness and slowing decarbonisation. … Read the full press release

Cefic Calls for Coordinated Transport Reforms to Boost EU Competitiveness and Cut Emissions

(IN BRIEF) Cefic has launched a comprehensive 10-point Action Plan aimed at strengthening the competitiveness of the EU Single Market for transport while supporting emission reduction goals. Responding to the European Commission’s 2025 Single Market strategy, the plan addresses regulatory … Read the full press release

Tecnocap secures EIB backing for sustainable investments supporting low-carbon industrial transition and competitiveness

(IN BRIEF) The European Investment Bank (EIB) has granted €25 million in financing to Tecnocap, a global leader in metal packaging, to fund projects improving energy efficiency and expanding renewable energy generation. The investments, focused mainly on Tecnocap’s Italian facilities … Read the full press release

INEOS and Covestro Forge Strategic Long-Term Natural Gas Agreement to Strengthen European Industrial Competitiveness

(IN BRIEF) INEOS and Covestro have entered into a long-term natural gas supply agreement lasting up to eight years, ensuring stable and predictable energy for Covestro’s European operations. The agreement, set to begin in 2027, supports both companies’ goals to … Read the full press release

Vestas CEO Henrik Andersen Takes Helm of WindEurope to Propel Europe’s Energy Future

(IN BRIEF) WindEurope’s Board of Directors has named Henrik Andersen, CEO of Vestas, as the new Chair for an 18-month period, with Rasmus Errboe, CEO of Ørsted, serving as Vice-Chair. This leadership change comes at a pivotal time as Europe … Read the full press release

Hydro Launches EUR 180 Million Recycling Plant in Torija to Transform European Aluminium Circularity

(IN BRIEF) Hydro has initiated construction on its new recycling plant in Torija, Spain, with an investment of EUR 180 million. The facility, part of Hydro’s expansive European recycling portfolio, is designed to improve the efficiency and sustainability of aluminium … Read the full press release

EIB and BNP Paribas Partnership to Drive €8 Billion Investment in Europe’s Wind Energy Sector

(IN BRIEF) BNP Paribas and the European Investment Bank (EIB) have announced a partnership to inject up to €8 billion into the European wind energy sector. With a €500 million counter-guarantee from the EIB, BNP Paribas will back wind farm … Read the full press release

EIB and Santander Partner to Unlock €8 Billion for Europe’s Wind Energy Industry

(IN BRIEF) The European Investment Bank (EIB) and Santander have signed a €500 million counter-guarantee agreement, allowing Santander to create a portfolio of guarantees worth up to €1 billion. This agreement is expected to unlock €8 billion in investments to … Read the full press release