Tag Archives: renewable energy

EIB and AfDB Back Major Expansion of Cabo Verde’s Cabeólica Wind Project to Boost National Clean-Energy Supply

(IN BRIEF) Cabo Verde has inaugurated new wind turbines and a major battery storage system as part of the expansion of the long-established Cabeólica renewable energy project. Supported by more than €39 million in new financing from the European Investment … Read the full press release

RWE Advances £200 Million Pembroke Battery Storage Project to Strengthen UK Grid Flexibility and Support Wales’ Net Zero Goals

(IN BRIEF) RWE has taken the final investment decision on its £200 million Pembroke Battery Storage project, the company’s largest UK storage development to date and a cornerstone of the Pembroke Net Zero Centre in South Wales. The project, which … Read the full press release

INEOS Inovyn drives major scope 3 emission reductions as NEOVYN adoption grows across construction, automotive and piping sectors

(IN BRIEF) INEOS Inovyn’s NEOVYN™ low-carbon PVC has seen a thirtyfold increase in demand since 2024 as companies across construction, automotive, piping and technical textiles intensify efforts to cut scope 3 emissions and adopt more sustainable materials. Produced using renewable … Read the full press release

RWE Expands Agri-PV Footprint in Italy with Three New Solar-Agriculture Projects Under PNRR Support

(IN BRIEF) RWE has secured three new Agri-PV projects under Italy’s PNRR program, adding 30.2 MWac of solar capacity across Campania, Sicily, and Calabria. The projects will feature elevated solar structures designed to accommodate agricultural use—either crops or grazing—beneath the … Read the full press release

TotalEnergies and Google Sign 15-Year Renewable Power Agreement to Supply 1.5 TWh of Clean Energy to Ohio Data Centers

(IN BRIEF) TotalEnergies and Google have signed a 15-year Power Purchase Agreement for 1.5 TWh of renewable electricity from the Montpelier solar farm in Ohio to power Google’s local data centers. The agreement strengthens the companies’ shared commitment to advancing … Read the full press release

New Statkraft solar farms and hybrid plants add 340 MWp to Brazil’s grid, supporting COP30 climate commitments

(IN BRIEF) At COP30 in Belém, Statkraft inaugurated new hybrid renewable projects in Brazil’s Bahia and Pernambuco states, adding 340 MWp of solar capacity through the Morro do Cruzeiro, Santa Eugênia, and Serrita solar farms. The €200 million (NOK 2.3 … Read the full press release

PNE Group secures approval for two French wind farms totaling 20.8 MW to boost clean energy generation

(IN BRIEF) PNE Group has won approvals for two onshore wind projects in France — the Romescamps (10.8 MW) and Chéry (10 MW) wind farms — through the country’s 10th tender for onshore wind energy. The projects, upgraded via modificative … Read the full press release

EMPA joins ETH Zurich-led research showing how flexible EVs and heat pumps can power Switzerland’s carbon-neutral transition

(IN BRIEF) EMPA has contributed vital insights to a major ETH Zurich-led study showing how flexible operation of electric vehicles and heat pumps could strengthen Switzerland’s energy system. Coordinated use of these technologies would make renewable energy more efficient, reduce … Read the full press release

EIB Group Launches Global Green Checker to Simplify Access to Climate Finance Beyond Europe

(IN BRIEF) The European Investment Bank Group has expanded its Green Checker tool globally, enabling countries beyond the EU to identify and assess green investment opportunities. Launched at COP30 in Brazil, the platform simplifies climate eligibility assessments for projects and … Read the full press release

EU and EIB boost Central America’s clean energy transition with €1 billion funding under Global Gateway plan

(IN BRIEF) EIB Global has unveiled a €1 billion financing package to advance renewable energy generation and integrate national electricity grids across six Central American nations—Costa Rica, Panama, Honduras, Guatemala, El Salvador, and Belize—under the EU Global Gateway Investment Agenda. … Read the full press release

EIB Expands Climate Roadmap with New Funding for Clean Energy, Reforestation, and Women Entrepreneurs at COP30

(IN BRIEF) The European Investment Bank (EIB) Group will unveil a series of climate-focused initiatives at COP30 in Belém, Brazil, strengthening global action on clean energy, biodiversity, and sustainable development. Backed by its Climate Bank Roadmap Phase Two, the EIB … Read the full press release

EIB finances €270 million green energy transformation for Karlsruhe’s grid and district heating systems

(IN BRIEF) The European Investment Bank has provided Stadtwerke Karlsruhe with €270 million in long-term financing to modernize Karlsruhe’s electricity grid and expand CO₂-neutral district heating systems. The 24-year loan supports the conversion of overhead lines to underground cables, the … Read the full press release

EIB and EU partners expand financial aid to sustain Ukrainian businesses and secure winter energy supply

(IN BRIEF) The European Investment Bank (EIB) has released €100 million to support Ukraine’s wartime resilience, focusing on economic stability and municipal heating infrastructure. Of this, €70 million will go to Ukrgasbank to provide long-term loans for businesses and promote … Read the full press release

RWE Reaches Major Milestone in Nordseecluster Offshore Wind Project with Completion of All 44 Turbine Foundations

(IN BRIEF) RWE has completed installation of all 44 turbine foundations and secondary steel structures for the 1.6 GW Nordseecluster offshore wind project off the German coast. Each monopile weighs around 1,500 tonnes and forms part of Nordseecluster A, which … Read the full press release

EIF and HYPO NOE Partner to Empower Austria’s Energy Transition with New Sustainable Investment Programme

(IN BRIEF) The European Investment Fund (EIF) and HYPO NOE Landesbank für Niederösterreich und Wien have partnered under the InvestEU programme to provide up to €43 million in green financing for Austrian SMEs and small mid-caps. The initiative supports energy … Read the full press release

Vattenfall Receives Planning Approval for Nordlicht 2 Offshore Wind Farm, Advancing One of Germany’s Largest Renewable Energy Projects

(IN BRIEF) Vattenfall has received final planning approval from the Federal Maritime and Hydrographic Agency (BSH) for its Nordlicht 2 offshore wind farm, completing the permitting for the 1.6 GW Nordlicht cluster in the German North Sea. Comprising 44 turbines … Read the full press release

NORDEN Extends Partnership with Enviva Through New Two-Year Contract to Transport Wood Pellets from the US to Europe

(IN BRIEF) NORDEN has signed a two-year Contract of Affreightment with Enviva, the world’s largest wood pellet producer, to transport renewable biomass from the United States to Europe starting in 2026. The new agreement strengthens a partnership that began in … Read the full press release

METLEN Secures Funding to Build 60 MW of Solar Power Capacity Across Sardegna and Piemonte in Italy

(IN BRIEF) METLEN has secured €65 million in financing to build two large-scale solar parks — Porto Torres in Sardegna and Casale Monferrato in Piemonte — totaling 60 MW of capacity. Scheduled for completion by the end of 2025, the … Read the full press release

EIB Group Strengthens Sustainability Leadership with €51 Billion in Climate Financing and New Reporting Framework

(IN BRIEF) The European Investment Bank (EIB) Group has launched its first fully integrated Sustainability Report for 2024, combining multiple prior disclosures into one comprehensive publication aligned with EU sustainability standards. The report highlights record climate financing of €51 billion, … Read the full press release

Alfa Laval unveils compact once-through steam generator to advance renewable heat storage technology

(IN BRIEF) Alfa Laval has launched a new once-through steam generator designed for molten salt energy storage systems, integrating economizer, evaporator, superheater, and steam drum functions into a compact, all-in-one unit. The system enables efficient steam generation in small-scale power-to-heat … Read the full press release