Tag Archives: renewable energy

Ingka Group Unveils Comprehensive Net Zero Transition Plan, Driving Forward Sustainable Practices Across Its Global Operations

(IN BRIEF) Ingka Group, the largest IKEA retailer, has launched its detailed Net Zero Transition Plan, setting clear actions to reduce greenhouse gas emissions by 50% by 2030 and achieve net-zero emissions by 2050. The plan outlines strategic initiatives for … Read the full press release

University of St.Gallen Joins Horizon Europe’s CAPE Project to Advance Sustainable and Secure Cloud Computing

(IN BRIEF) The University of St.Gallen is contributing to Horizon Europe’s CAPE project, which aims to position Europe as a leader in green cloud-computing infrastructure. The university’s team will focus on ensuring secure and sustainable cloud application deployments, supporting CAPE’s … Read the full press release

TÜV Rheinland Discusses Solar Energy Innovations and Testing Challenges at Cologne Conference

(IN BRIEF) TÜV Rheinland’s Solar Energy Conference in Cologne addressed key developments in photovoltaic technology, regulation, and testing. The event focused on the evolving standards for PV modules, the introduction of new technologies like perovskite cells, and the increasing number … Read the full press release

CTP and Hitachi Energy Collaborate on Sustainable Factory and Campus Development in Czech Republic

(IN BRIEF) CTP, Europe’s largest listed developer of industrial properties, has launched a €57 million project for Hitachi Energy at CTPark Brno, Czech Republic. The first phase involves building a state-of-the-art high-voltage products factory, with a focus on sustainable production … Read the full press release

RWE Leads the Way in Offshore Wind Sustainability with Reused Foundation Covers for Thor Project

(IN BRIEF) RWE has become the first company to deploy reused monopile foundation covers at its Thor offshore wind farm, demonstrating its commitment to sustainability and the circular economy. The wind farm, located off the Danish coast, will use innovative … Read the full press release

RWE Launches Major Battery Storage Systems to Support Energy Grid Stability in Germany

(IN BRIEF) RWE has launched one of Germany’s largest battery storage systems at its Hamm and Neurath sites, providing 220 MW of capacity to help stabilise the electricity grid. The system contributes to energy market balancing and is integrated into … Read the full press release

PNE AG Reports Record Growth in Clean Electricity Marketing, Supporting 600 MW in 2024

(IN BRIEF) PNE AG has seen significant growth in its consulting division, supporting 137 renewable energy projects, including 45 wind and photovoltaic initiatives totaling 600 MW in 2024. The company’s success highlights the rising demand for customized marketing strategies in … Read the full press release

Construction Begins on Eastern Green Link 1, a Subsea Electricity Superhighway to Power Two Million Homes

(IN BRIEF) The Eastern Green Link 1 project, a joint venture between SP Energy Networks and National Grid Electricity Transmission, has begun construction on a subsea electricity cable that will provide green power to two million homes. This £2.5 billion … 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

AFRY Partners with Statkraft to Provide Technical Consultancy for Norway’s Renewable Energy Sector

(IN BRIEF) AFRY has entered into a framework agreement with Statkraft, Europe’s largest renewable energy producer, to provide technical consultancy in hydropower and electric power sectors in Norway. Building on their previous work in Sweden, the partnership aims to improve … Read the full press release

RWE Breaks Ground on First Commercial-Scale Agri-PV Projects in Italy to Boost Renewable Energy and Agriculture

(IN BRIEF) RWE has begun constructing its first commercial-scale Agri-PV plants in Benevento, Italy, with the Morcone and Acquafredda projects expected to generate enough energy for over 13,000 households. The plants use elevated solar panel systems to optimize land use, … Read the full press release

Imerys Achieves Top CDP Climate Rating and Strong ESG Performance in 2024

(IN BRIEF) Imerys has been recognized with an A rating on the CDP Corporate Climate A List for 2024, an improvement from its B score in 2023, underscoring the company’s commitment to reducing greenhouse gas emissions and achieving Science-Based Targets … Read the full press release

Eurogrid Secures One Billion Euros for Offshore Grid Projects with KfW-Backed Green Financing

(IN BRIEF) Eurogrid GmbH, the parent company of 50Hertz, has secured a one billion euro, ten-year loan agreement with twelve banks as part of a KfW-backed green syndicated financing deal. The loan will fund two offshore grid projects, Ostwind 4 … Read the full press release

Uniper and Kyuden International Partner to Expand Hydrogen and Ammonia Trading in Global Energy Market

(IN BRIEF) Uniper SE and Kyuden International Corporation have signed a Memorandum of Understanding (MoU) to collaborate in hydrogen and ammonia trading, renewable energy, and carbon capture utilization and storage (CCUS). The partnership combines Uniper’s global portfolio of low-carbon and … 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

Fortum Launches Feasibility Study to Expand Pumped Hydro Storage in Sweden

(IN BRIEF) Fortum has initiated a two-year feasibility study to explore the potential for new pumped hydro storage plants in Sweden, focusing on three specific regions: Lekstjärnen, Bastvålen, and Höljessjön. The study will assess the economic, technological, environmental, and regulatory … Read the full press release

RWE Launches First Solar Farm in Saxony, Supporting Local Community and Biodiversity

(IN BRIEF) RWE has launched its first solar project in Saxony, the Schönau solar farm in Wildenfels, which will generate around 21 million kilowatt-hours of renewable energy annually. The farm, spanning 20 hectares with 36,000 solar modules, will power approximately … Read the full press release

KUKA Sets Ambitious Carbon Neutrality Goals, Aiming for 90% Emissions Reduction by 2050

(IN BRIEF) KUKA Group has set ambitious environmental goals, aiming for carbon-neutral production by 2050 and a 90% reduction in emissions along its value chain. The company plans to reduce its own emissions (Scopes 1 and 2) by 40% by … Read the full press release

EIB President Reaffirms EU’s Commitment to Ukraine with €420 Million in Support for Infrastructure and Energy Projects

(IN BRIEF) EIB President Nadia Calviño led a delegation on her first visit outside the EU to Ukraine, reaffirming the EU’s long-term commitment to supporting the country’s recovery. The EIB announced €420 million in funding under the EU’s €50 billion … Read the full press release

Iberdrola Secures Power Purchase Agreement for Ohio’s Blue Creek Wind Farm, Supporting Clean Energy and Local Communities

(IN BRIEF) Iberdrola, through its U.S. subsidiary Avangrid, has signed a power purchase agreement (PPA) with American Municipal Power (AMP) to supply clean energy from the Blue Creek wind farm in Ohio. This partnership will support Ohio’s rural communities economically, … Read the full press release