Tag Archives: renewable energy

KfW and European partners double Clean Oceans Initiative funding target to EUR 4 billion to strengthen fight against marine plastic pollution

(IN BRIEF) KfW and its European institutional partners have expanded the Clean Oceans Initiative by doubling its financing target from EUR 2 billion to EUR 4 billion to intensify efforts against marine plastic pollution. Originally launched in 2018 by KfW, … Read the full press release

Energiekontor Strengthens Long-Term Renewable Energy Position Through New Financial Closings and Smart Technology Investments

(IN BRIEF) Energiekontor began the 2026 financial year with stable operational progress despite continuing market and regulatory challenges affecting the renewable energy sector. The company achieved additional financial closings for German wind projects, advanced construction activities, and commissioned the repowered … Read the full press release

New Bilfinger Contract Advances EWE’s Hydrogen Production and Industrial Decarbonisation Strategy in Germany

(IN BRIEF) Bilfinger has secured a major contract from EWE covering steelwork, piping systems and component installation for the 320 MW green hydrogen production facility being developed in Emden, Germany. The project forms part of the “Clean Hydrogen Coastline” initiative … Read the full press release

50Hertz and Elia Group Open Source High-Performance Grid Congestion Software to Support Europe’s Energy Transition

(IN BRIEF) 50Hertz has released its ToOp (Topology Optimizer) software as an open-source tool to support more efficient management of electricity grid congestion across Europe. Developed together with Elia Group and several European transmission system operators, the software uses GPU-based … Read the full press release

DNV Forecasts Major Expansion of Clean Hydrogen as Energy Security and Chinese Investment Drive Global Growth

(IN BRIEF) DNV’s latest Energy Transition Outlook Hydrogen to 2060 forecasts a major expansion in the global clean hydrogen industry, with production expected to increase 100-fold and cumulative investments reaching USD 3.2 trillion by 2060. The report identifies China as … Read the full press release

SEB Outlook Examines How Global Energy Security Concerns Are Reshaping Sustainable Finance and Industrial Decarbonisation

(IN BRIEF) SEB’s latest Sustainable Finance Outlook examines how geopolitical disruptions linked to the Middle East conflict are accelerating the global transition toward clean energy systems and alternative fuels. The report argues that Europe’s continued dependence on imported fossil fuels … Read the full press release

ABB Expands Medium-Voltage Production Capacity Across Europe to Support Power Grid Modernization

(IN BRIEF) ABB will invest approximately $200 million across Europe over the next three years to expand medium-voltage manufacturing capacity and support the modernization of electricity grids. The investment program includes a major new $100 million facility in Italy focused … Read the full press release

KfW Supports International Energy, Transport and Education Projects to Reinforce Europe’s Strategic Partnerships

(IN BRIEF) KfW has highlighted its continued role in European development cooperation through major investments in climate protection, energy infrastructure, transport, education, and digital transformation projects under the EU’s Global Gateway Initiative. By the end of 2025, KfW had contributed … Read the full press release

Fortum Launches New Nordic EV Package Combining Smart Home Charging and Fast-Charging Discounts

(IN BRIEF) Fortum has introduced a new Nordic-wide EV Package combining discounted public fast charging with financial incentives for smart home charging. The offering includes a spot price electricity agreement, a 20 percent discount at Fortum Charge & Drive fast … Read the full press release

Italian Industrial Companies Sign New Solar Power Agreements with Iberdrola Under Energy Release 2.0

(IN BRIEF) Iberdrola has reached 5 million megawatt hours of electricity sold in Italy through long-term renewable energy power purchase agreements after signing five new contracts with major industrial companies in sectors including chemicals, manufacturing and food and beverage production. … Read the full press release

Uwe Zulehner to Lead Voith Hydro North America as Renewable Energy Demand Continues to Grow

(IN BRIEF) Voith Hydro has appointed Uwe Zulehner as President and CEO of its North American operations based in York, Pennsylvania. Zulehner brings more than 25 years of international leadership experience across the engineering, mining, metals and energy sectors, including … Read the full press release

EnBW Highlights Record Energy Transition Investments and Renewable Growth at 2026 Annual General Meeting

(IN BRIEF) EnBW Energie Baden-Württemberg AG used its 2026 Annual General Meeting to highlight record investments, strong earnings and its long-term strategy for Germany’s energy transition. The company invested €7.6 billion in 2025, primarily into renewable energy, electricity and gas … Read the full press release

Fraunhofer Advances Numerical Simulation Technology to Enable More Resilient and Secure Hydrogen Energy Networks

(IN BRIEF) Fraunhofer researchers have developed a new hydraulic simulation tool to improve the resilience of hydrogen transport networks, addressing key challenges in the energy transition. The tool enables detailed analysis of how hydrogen systems respond to disruptions such as … Read the full press release

Siemens and Swinburne Advance Energy Innovation with First Australian Research into Quantum Enhanced Grid Stability

(IN BRIEF) Swinburne University of Technology and Siemens have launched Australia’s first study into quantum-enhanced timing for power grids, aiming to improve grid stability and resilience as the energy system becomes more complex and reliant on renewables. The project combines … Read the full press release

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