Tag Archives: renewable energy

New 440 MW Solar Project in Ilagan Advances Philippines Energy Transition Through TotalEnergies and Nextnorth Partnership

(IN BRIEF) TotalEnergies and Nextnorth have reached financial close and begun construction of a 440 MW solar power project in Ilagan City, Philippines, with operations expected by the end of 2027. The project, valued at around $300 million, is jointly … Read the full press release

Norsk Hydro Secures Long Term Renewable Power Supply Through New Agreements with Statkraft

(IN BRIEF) Norsk Hydro has signed long-term power purchase agreements with Statkraft to secure 12.3 TWh of renewable electricity over a ten-year period for its aluminium production operations in Norway. The contracts provide stable and competitive energy supply across key … Read the full press release

Gasum Reports Strong Revenue Growth in Q1 2026 Despite Market Volatility and Geopolitical Pressures

(IN BRIEF) Gasum Group reported improved operational performance in the first quarter of 2026, driven by growth in LNG and biogas volumes, even as global geopolitical tensions and energy market volatility weighed on overall financial results. While total sales volumes … Read the full press release

Nordex Group brings industry leaders together in Hamburg to discuss wind energy trends and strategic outlook at Technology Insight Day 2026

(IN BRIEF) Nordex Group’s Technology Insight Day 2026 brought together over 500 participants in Hamburg, including customers, banks, and technical advisors, to discuss product developments and the broader challenges facing the wind energy sector. The event combined technical updates with … Read the full press release

TotalEnergies Approves $1.2 Billion Mirny Wind and Storage Project to Advance Renewable Energy in Kazakhstan

(IN BRIEF) TotalEnergies has taken the Final Investment Decision for the Mirny wind and battery storage project in Kazakhstan, marking a major step in the country’s renewable energy development. The project combines 1 GW of wind capacity with a 600 … Read the full press release

BBVA Co-Leads Australia’s First Blue Loan to Support Sustainable Water Infrastructure at Mundaring Facility

(IN BRIEF) BBVA, together with Commonwealth Bank of Australia, has structured Australia’s first blue loan to refinance the Mundaring Water Treatment Plant in Western Australia, marking a significant step in the evolution of sustainable finance. The $170.5 million transaction aligns … Read the full press release

European Investment Bank Group Expands Renewable Energy and Infrastructure Investments with New €10 Billion Funding

(IN BRIEF) The European Investment Bank Group has approved €10 billion in new financing to support a wide range of strategic initiatives, with a strong focus on accelerating Europe’s clean energy transition and strengthening economic competitiveness. Nearly €2 billion of … Read the full press release

EIB Supports Malta’s Second Electricity Interconnector to Strengthen Energy Security and Enable Renewable Integration

(IN BRIEF) The European Investment Bank has committed €100 million to support Malta’s second electricity interconnector with Italy, a major subsea infrastructure project designed to enhance energy security, increase grid stability, and enable greater integration of renewable energy sources. The … Read the full press release

RWE Advances Scotland’s Energy Transition with Commissioning of 36 MW Camster II Wind Farm

(IN BRIEF) RWE has successfully completed and commissioned its Camster II onshore wind farm in Caithness, Scotland, adding 36 MW of renewable energy capacity capable of powering around 51,000 homes. The project, which began construction in 2023, represents a key … Read the full press release

RWE Secures Long Term Jack Up Vessel Capacity Through Renewed Agreement with ZITON to Support Growing Wind Portfolio

(IN BRIEF) RWE has extended its strategic partnership with ZITON for three years to secure jack-up vessel capacity for offshore wind maintenance operations across Europe. The agreement includes vessels, lifting, and auxiliary services for at least 240 days annually starting … Read the full press release

MAHLE Sustainability Report 2025 Highlights Accelerated Emissions Cuts Circular Innovation and Safer Operations Across Global Sites

(IN BRIEF) MAHLE’s Sustainability Report 2025 highlights strong progress across environmental, social, and operational areas, with the company nearing its 2030 emissions reduction targets after cutting Scope 1 and 2 emissions by nearly half. The integration of the sustainability report … 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

East Anglia THREE Windfarm Advances UK Energy Transition with Landmark Turbine Installation and Domestic Manufacturing

(IN BRIEF) Iberdrola, through ScottishPower, and Masdar have set a new UK offshore wind record with the installation of the first turbine at the East Anglia THREE windfarm, featuring 115-metre blades—the largest ever used in the country. The £4 billion … Read the full press release

Siemens and Vulcan Energy Form Strategic Partnership to Advance Europe’s First Integrated Lithium and Renewable Energy Project

(IN BRIEF) Siemens has been selected as the preferred automation and digitalization technology supplier for Vulcan Energy’s Lionheart Project, a major initiative aimed at developing Europe’s first fully integrated lithium and renewable energy operation. The project, located in Germany’s Upper … Read the full press release

DNV Integrates Resource Panorama and GPM Horizon Platforms to Enhance Data Reliability and Financing Confidence in Renewable Energy Projects

(IN BRIEF) DNV has integrated its Resource Panorama and GPM Horizon platforms to improve data traceability and strengthen the bankability of renewable energy projects. As lenders place greater emphasis on the accuracy and completeness of pre-construction data, the combined solution … Read the full press release

AF Gruppen Expands Offshore Capabilities with Strategic Acquisition of Claxton Engineering Business

(IN BRIEF) AF Gruppen has agreed to acquire offshore engineering company Claxton in a deal valued at approximately NOK 800 million, strengthening its capabilities in offshore decommissioning, offshore wind, and conventional energy services. Claxton, a global provider with strong profitability … 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

Vestas Secures Major Wind Turbine Supply Agreement with Tessa Green Energy for Strazhitsa Project in Bulgaria

(IN BRIEF) Vestas has been awarded a 70 MW contract by Tessa Green Energy to supply and service 11 EnVentus V162-6.4 MW wind turbines for the Strazhitsa wind project in Bulgaria. The agreement includes a long-term Active Output Management service … Read the full press release

Henkel Expands Sustainability Roadmap with Focus on Emissions Reduction, Equity and Responsible Sourcing

(IN BRIEF) Henkel has announced new sustainability targets for 2030, focusing on reducing greenhouse gas emissions, advancing circular economy practices, promoting gender equity, and strengthening sustainable supply chains. The company aims to cut Scope 1 and 2 emissions by 42 … Read the full press release

ANDRITZ Secures Major Contract to Equip India’s Largest Pumped Storage Hydropower Facility

(IN BRIEF) ANDRITZ has been awarded a major contract to supply equipment for India’s largest pumped storage plant, the 3,000 MW Saidongar-1 Karjat project in Maharashtra, developed by Torrent Power. The project includes the delivery of ten pump turbines and … Read the full press release