(IN BRIEF) A consortium led by the European Investment Bank in partnership with SEB and Luminor has provided €62 million to Sunly for a new 244 MW solar park in Risti, Estonia. Expected to be the Baltics’ largest photovoltaic facility … Read the full press release
Posted in Banks, Energy, Gas & Oil, Estonia, European Union, Financial, Infrastructure & Utilities, Internet & Online, Investment
Tagged Baltic region, battery storage, climate neutrality, EIB, Energy Independence, EU, financing, hybrid parks, Indrek Julge, investment, Lääne County, Luminor, Metsagrupp, Peep Jalakas, Photovoltaic, Priit Lepasepp, renewable energy, Risti, Russia decoupling, SEB, solar park, Sunly, Tallinn, Thomas Östros
(IN BRIEF) Hydro Energi AS has entered into a long-term power purchase agreement with NTE to secure 660 GWh of renewable energy for the period from January 1, 2027, to December 31, 2029. This contract is a key component of … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Metals and Minerals, Norway, Technology
Tagged aluminium production, captive power production, carbon footprint, Hydro Energi AS, long-term contracts, net-zero emissions, NO3, Nordic power market, NTE, Power Purchase Agreement, PPA, renewable energy, technology roadmap
(IN BRIEF) The European Investment Bank has approved a €200 million loan to Latvenergo AS to upgrade Latvia’s electricity distribution network, enhancing reliability for nearly 1.9 million customers while integrating digital innovations and renewable energy sources. Scheduled for completion by … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Latvia, Luxembourg, Management, News, Technology
Tagged Climate Action, digital innovation, EIB, Electricity distribution network, energy security, European Investment Bank, financing accord, green credentials, Guntars Baļčūns, Latvenergo AS, Latvia, National Energy and Climate Plan, partnership, renewable energy, sustainability, sustainable energy, Thomas Östros, €200 million loan
(IN BRIEF) Fortum is driving the global shift to a low‐carbon energy future by launching innovative hydrogen solutions showcased at the Hydrogen Summit & Expo in Tampere. Central to its strategy is the Kalla Hydrogen Pilot Plant in Finland, a … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged 2 MW facility, alkaline electrolyser, Collaborative Vision, cost‐effectiveness, cross‐sector partnerships, demand response systems, dynamic operating modes, efficiency, electricity purchasing, Energy Landscape, Finland, flexibility, Fortum, grid service integration, Guarantees of Origin, hedging portfolio, hydrogen solutions, Hydrogen Summit & Expo, industrial site development, integrated solutions, in‐house hydrogen expertise, Kalla Hydrogen Pilot Plant, long‐term PPAs, low‐carbon energy transition, low‐carbon future, Nordics, operational models, PEM electrolyser, production 2025, real‐time market adjustments, renewable energy, RFNBO, robust hydrogen market, safety, scalable hydrogen production, sustainability demands, sustainable energy ecosystem, tailored purchasing agreements, Tampere, waste heat utilization
(IN BRIEF) Moniek Tromp, a researcher at the University of Groningen, has developed a portable, tabletop spectroscope to accelerate her research on sustainable battery technology. This innovation allows her to conduct vital measurements on batteries in her own lab, bypassing … Read the full press release
Posted in Business, Education, Electronics & Machinery, Financial, Industrial, Investment, Management, Netherlands, News, Science, Technology
Tagged battery research, COVID-19, energy storage, engineering research, Feringa Building, Moniek Tromp, René Fransen, renewable energy, Reyer Box, solar power, spectroscopy, sustainable batteries, synchrotrons, tabletop spectroscope, UG Makers, University of Groningen, wind power, X-rays
(IN BRIEF) The ECOWAS Bank for Investment and Development (EBID) and the European Investment Bank (EIB), with support from the European Union (EU), have launched a €100 million partnership aimed at addressing climate action and environmental sustainability challenges in the … Read the full press release
Posted in Banks, Energy, Gas & Oil, Environment, European Union, Financial, Investment, Luxembourg
Tagged Africa-European Union Green Energy Initiative, Ambroise Fayolle, capacity building, Climate Action, EBID, EBID Vice President Mory Soumahoro, ECOWAS Bank for Investment and Development, ECOWAS region, ECOWAS Vision 2050, EIB, EIB Global, energy transition, environmental sustainability, EU, European Investment Bank, European Union, financial partnership, financing gap, Global Gateway strategy, Jozef Sikela, photovoltaic projects, poverty reduction, renewable energy, sustainable agriculture, Technical Assistance, UN Sustainable Development Goals, water treatment
(IN BRIEF) The LEGO Group has introduced a new line of tires crafted from recycled fishing nets, ropes, and engine oil, marking a significant step in the company’s commitment to sustainability. The move is part of the LEGO Group’s ongoing … Read the full press release
Posted in Denmark, Entertainment, Environment
Tagged Annette Stube, arMABS, bio-PE, bio-polyethylene, collaboration, e-methanol, engine oil, environmental impact, ePOM, fishing nets, future generations, green future, LEGO Group, LEGO products, LEGO sets, mass balance principles, product quality, recycled artificial marble, recycled materials, renewable energy, research institutions, ropes, rSEBS, suppliers, sustainability, sustainability efforts, Sustainable tires
(IN BRIEF) The Beyond the Grid Fund for Africa (BGFA) has successfully completed its Job Creation and Skills Development sub-programme in Uganda, providing over 300 participants with training to enhance technical and business skills within the off-grid energy sector. This … Read the full press release
Posted in Banks, Business, Education, Energy, Gas & Oil, Environment, Financial, Finland, Society
Tagged Beyond the Grid Fund for Africa, BGFA, BrightLife Uganda, business skills, capacity building, customer engagement, decentralised solar solutions, Denmark, Energy Access, energy service providers, Eric Adweko, Financial Planning, gender inclusion, green transition, Inensus, job creation, job opportunities, mini-grids, NEFCO, Norway, off-grid electrification, off-grid energy, project management, RENAC, renewable energy, Renewables Academy, Sendea UG, skills development, solar home systems, solar market, Sweden, technical training, Tina Möller, Uganda, USEA, women in leadership
(IN BRIEF) RWE has inaugurated its first solar plant in Italy, the 8.3 MWac Bosco facility, which will provide green electricity to 7,000 households. The project features a wildlife-friendly fence and is integrated with RWE’s local wind farms to optimize … Read the full press release
Posted in Energy, Gas & Oil, Environment, Germany, Industrial, Italy
Tagged Agri-PV, biodiversity, Bosco solar plant, green electricity, Italy, Katja Wünschel, Mondonuovo, renewable energy, RWE, Sicily, solar energy, wind energy
(IN BRIEF) BevZero, a global leader in beverage services and equipment, has announced the delivery of a ClearAlc Dealcoholization demonstration unit to its Spain facility. Manufactured by Tomsa Destil, the 300-liter-per-hour unit is designed to showcase the capabilities of larger … Read the full press release
Posted in Energy, Gas & Oil, Environment, Food & Beverage, Industrial, Spain, Technology
Tagged alcohol technology, alcohol-free beverages, Beverage, Beverage Equipment, beverage innovation, Beverage Production, beverage services, Beverage Solutions, Beverage Technology, BevZero, BevZero Equipment, carbon emissions, cider, clean energy, ClearAlc, ClearAlc Dealcoholization demonstration unit, dealcoholization, Dealcoholization Equipment, dealcoholization technology, Dealcoholize, dealcoholizing beverages, eco-friendly solutions, energy efficiency, materials efficiency, non-alcoholic beverage, non-alcoholic beverages, Non-Alcoholic Options, removes alcohol from beverages, renewable energy, Spain, Spain facility, spirits, sustainability initiative, Tomsa Destil, Vacuum Distillation, waste reduction, wine, wine producers
(IN BRIEF) A new podcast from the University of Glasgow questions why Scotland’s rich energy resources haven’t translated into greater prosperity or fairness for its people. Hosted by energy historian Ewan Gibbs and sociology lecturer Dominic Hinde, “The Energy That … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, Media, News, Science, Society, Technology, United Kingdom
Tagged climate journalism, Community Impact, Dominic Hinde, ENERGY, Ewan Gibbs, gas, Green Energy, Northern Scotland, oil, podcast, prosperity, renewable energy, Scotland, social change, University of Glasgow
(IN BRIEF) Rolls-Royce has signed a long-term Power Purchase Agreement (PPA) with Stadtwerke Ulm/Neu-Ulm (SWU) to purchase 20,000 MWh of CO2-free hydropower annually. This agreement will help Rolls-Royce reduce its carbon emissions by approximately 7,000 tons each year, marking a … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, United Kingdom
Tagged climate neutral, CO2-free energy, greenhouse gas emissions, hydropower, Microgrids, partnership, Power Purchase Agreement, renewable energy, Rolls-Royce, Stadtwerke Ulm, sustainability
(IN BRIEF) In 2024, Sweden received approximately €1.9 billion in financing from the European Investment Bank (EIB) Group, with over 65% directed toward climate and sustainability initiatives. This funding supported key projects in renewable energy, infrastructure, and digitalization, including wind … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Small Business, Sweden, Technology
Tagged 5G network, Chromafora, City of Stockholm, Climate Action, economic development, EIB Group, EIF, electromobility, energy efficient housing, energy-efficient apartments, environmental sustainability, European Investment Bank, financing, green transition, industrial electrification, InvestEU, job creation, Malmö, partnership, PFAS, renewable energy, SKF, Slussen redevelopment, sustainability, Sweden, Tele2, wind power
(IN BRIEF) In 2024, the European Investment Bank (EIB) Group provided €2.2 billion in financing to Greece, focusing on boosting energy resilience, supporting business growth, and enhancing disaster preparedness. Key projects included solar parks, grid upgrades, and disaster management infrastructure, … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Greece, Industrial, Investment, Luxembourg, Management, News, Technology
Tagged battery storage, Business Growth, civil protection, climate adaptation, Decarbonisation Fund, DEPA Commercial, disaster management, disaster preparedness, economic development, EIB Group, EIF, energy supply, EU, financing, firefighting aircraft, Greece, grid upgrades, HEDNO, investment multiplier, Kostis Hatzidakis, partnership, photovoltaics, PPC Renewables, renewable energy, renewable energy projects, small and medium-sized enterprises, SME Support, solar parks, strategic financing, sustainability, sustainable development, Yannis Tsakiris, €2.2 billion
(IN BRIEF) Covestro has achieved net-zero Scope 2 electricity emissions at four of its U.S. production sites through a virtual Power Purchase Agreement (vPPA) with Ørsted. This collaboration, which provides 90 MW of renewable energy capacity, allows Covestro to reduce … Read the full press release
Posted in Business, Chemicals, Denmark, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged 90 MW renewable energy capacity, Baytown Texas, Channelview Texas, circular economy, climate-neutral production, CO2 emissions reduction, Covestro, net-zero emissions, New Martinsville West Virginia, North American market, partnership, Pittsburgh Pennsylvania, RECs, renewable energy, Renewable Energy Certificates, Samir Hifri, scope 2 emissions, South Deerfield Massachusetts, sustainability, Thorsten Dreier, U.S. production sites, virtual power purchase agreement, VPPA, Ørsted
(IN BRIEF) In 2024, Lightsource bp secured 10 power purchase agreements (PPAs) totaling 1.3GW across Europe, the Americas, and APAC, highlighting its strong presence in the renewable energy market. The company has partnered with major global corporations like H&M Group, … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, News, Technology, United Kingdom
Tagged 500MW solar and storage portfolio, APAC, Australia, collective virtual PPA, corporate PPAs, CVPPA, ERCOT, Fashion Pact, global markets, Google, H&M Group, Iberia, Japan, Lightsource BP, LyondellBasell, Microsoft, MISO, multi-buyer structure, New Zealand, partnership, Power Markets team, Power Purchase Agreements, PPAs, renewable energy, renewable power procurement, solar and storage development pipeline, solar irradiation, solar portfolio, solar power, South Korea, Spain, SPP, sustainability, Taiwan, United States, utility-scale, Zosia Riesner
(IN BRIEF) Ørsted has officially launched offshore construction for the Greater Changhua 2b and 4 offshore wind farms, marking a major step forward in Taiwan’s clean energy transition. With an output of 920 MW, these wind farms will play a … Read the full press release
Posted in Business, Commodities, Denmark, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged clean energy transition, CPPA, Energy Innovation, Greater Changhua, Green Energy, offshore construction, Offshore wind, partnership, renewable energy, sustainability, sustainable energy, Taiwan, wind farms, Ørsted
(IN BRIEF) Lion Storage, a Dutch energy storage developer, has reached financial close on the Mufasa project, set to become one of Europe’s largest battery energy storage systems (BESS). With a storage capacity of 1,400MWh and a power capacity of … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, Netherlands, News, Technology
Tagged Battery Energy Storage System, BESS, Eneco, energy storage, energy transition, Lion Storage, Macquarie Capital, Mufasa, Netherlands, power grid stabilization, project financing, renewable energy, Renewable Infrastructure, Return, sustainability, sustainable energy, Tesla, TINC
(IN BRIEF) At the third meeting of the UAE-France High-Level Business Council in Paris, strategic partnerships were formed to enhance collaboration in energy, renewable energy, infrastructure, and artificial intelligence. The event, co-chaired by H.E. Dr. Sultan Al Jaber and Patrick … Read the full press release
Posted in Artificial Intelligence (AI), Business, Economy, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, Media, News, Technology
Tagged Abu Dhabi Ports, AI, AI campus, artificial intelligence, bilateral trade, clean energy, CMA CGM, economic growth, ENERGY, France, H.E. Dr. Sultan Al Jaber, H.E. Eric Lombard, H.E. Laurent Saint-Martin, investment, Masdar, MGX, partnership, Pascal, Patrick Pouyanné, renewable energy, sustainability, sustainable development, TotalEnergies, UAE, UAE trade, UAE-France High-Level Business Council, UAE-France partnership, Veolia, XRG
(IN BRIEF) A new partnership, strengthened by the UAE-France High-Level Business Council and the UAE-France Framework for Cooperation in Artificial Intelligence, is set to bolster clean energy access in emerging markets. Masdar, TotalEnergies, and EPointZero have formalized a collaboration to … Read the full press release
Posted in Artificial Intelligence (AI), Business, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Africa, clean energy, decarbonization, EPointZero, France, H.E. Dr. Sultan Al Jaber, H.E. Mariam Almheiri, INDIA, Masdar, Mohamed Jameel Al Ramahi, partnership, Patrick Pouyanné, Peter Abraam, renewable energy, Southeast Asia, Stéphane Michel, sustainability, TotalEnergies, UAE, UAE-France High-Level Business Council
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