(IN BRIEF) RWE, focused on building a sustainable energy system, significantly increased its investment activity in the first half of fiscal 2023, spending €9 billion on growth compared to €2.1 billion in the same period last year. This expansion included … Read the full press release
Posted in Energy, Gas & Oil, Financial, Germany, Industrial, Investment, Management, News
Tagged finacial, investment, Markus Krebber, renewable energy, RWE
(IN BRIEF) Suomen Lantakaasu Oy, a joint venture between Valio and St1, is making progress with the construction preparations for a biogas production plant in Kiuruvesi, Finland. The company has finalized the site location through consultations with residents and agreement … Read the full press release
(IN BRIEF) Renewable energy company Vestas has secured a significant order for a 50 MW wind project in northwest Spain. The order was placed by Sinia Renovables, the renewable investment division of Banc Sabadell. Vestas will provide 11 V136-4.5 MW … Read the full press release
(IN BRIEF) Romania is set to launch its inaugural auction for a contract-for-difference (CfD) support scheme to promote renewable energy. The scheme will provide backing for onshore wind power and solar photovoltaic projects with a combined capacity of 2,000 MW … Read the full press release
(IN BRIEF) HELLENiQ ENERGY’s subsidiary, HELLENiQ Renewables, has signed a financing framework agreement of up to €766 million with National Bank of Greece S.A. and Eurobank S.A. The agreement aims to implement multiple financing arrangements for electricity generation from Renewable … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Greece, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Eurobank, Greece, HELLENiQ ENERGY, HELLENiQ Renewables, Konstantinos Vassiliou, National Bank of Greece, partnership, renewable energy, sustainability, Vassilis Karamouzis
(IN BRIEF) VERBUND, an energy company, reported strong financial results for the first half of 2023, with a significant increase in EBITDA and Group result compared to the previous year. The improvement was attributed to falling wholesale gas and electricity … Read the full press release
Posted in Austria, Business, Energy, Gas & Oil, Environment, Financial, Industrial, Management, News
Tagged Financial, renewable energy, sustainability, VERBUND
(IN BRIEF) Albania has announced the results of its first utility-scale bidder-selected site auction for onshore wind, part of the country’s third renewable energy auction. Three bidders, Total Eren, Guris, and Verbund, have been awarded a total capacity of 222.48 … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom
Tagged Albania, Auction, EBRD, Ekaterina Solovova, Gianpiero Nacci, Guris, onshore wind, renewable energy, Swiss State Secretariat for Economic Affairs (SECO), Total Eren, VERBUND
(IN BRIEF) Masdar, the UAE’s flagship renewable energy company, partners with Iberdrola, a global clean energy leader, to invest in the 476 MW Baltic Eagle offshore wind farm in the German Baltic Sea. Iberdrola will retain a majority 51% stake … Read the full press release
(IN BRIEF) A recent independent poll conducted by Opinium Research for RenewableUK revealed that the majority of swing voters want more action on renewable energy. Among voters who supported the Conservatives but plan to switch to Labour, 67% believe the … Read the full press release
Posted in Economy, Energy, Gas & Oil, Environment, Politics, Society, United Kingdom
Tagged green economy, Nathan Bennett, Opinium Research, renewable energy, RenewableUK, Rishi Sunak, Sam Hall, Sir Alok Sharma, swing voters, UK
(IN BRIEF) The ORLEN Group, a Polish energy company, is strengthening its renewable energy segment by acquiring two projects from Greenvolt. The projects, located in the Poznań Province, consist of a 22 MW photovoltaic farm and a 26 MW wind … Read the full press release
(IN BRIEF) TotalEnergies, a global multi-energy company, has fully acquired Total Eren after a successful strategic alliance of five years. The acquisition increases TotalEnergies’ stake from close to 30% to 100%, integrating Total Eren’s teams within TotalEnergies’ Renewables business unit. … Read the full press release
(IN BRIEF) In Italy, the demand for electricity in June decreased by 9.2% compared to the same period in 2022, reaching 25.4 billion kWh. Renewable sources covered 44.3% of the demand, with hydroelectric production experiencing a recovery of 44% compared … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Italy, Management, News
Tagged demand, electricity, Italy, renewable energy, Terna
(IN BRIEF) Investment firms Impala and Exor have partnered to support the growth of TagEnergy, a company operating in the renewable and energy storage sectors. TagEnergy, founded in 2019 by Franck Woitiez and Jacques Veyrat, focuses on developing, financing, and … Read the full press release
Posted in Energy, Gas & Oil, Financial, France, Investment, Netherlands, Portugal
Tagged energy storage, EXOR, Franck Woitiez, Impala, Jacques Veyrat, John Elkann, renewable energy, renewables, TagEnergy, TagHolding
(IN BRIEF) RWE Clean Energy has signed eight long-term power purchase agreements (PPAs) with Dominion Energy Virginia for seven solar projects, totaling over 300 MW of capacity. The solar energy generated from these projects will power more than 70,000 homes … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Germany
Tagged Dominion Energy Virginia, Mark Noyes, PPAs, renewable energy, RWE Clean Energy, solar energy, solar projects, Virginia
(IN BRIEF) RWE Renewables Europe & Australia GmbH has won a tender to develop a wind farm in the state of Hesse, Germany. The planned wind farm, with a capacity of over 30 megawatts, will be located in the municipality … Read the full press release
Posted in Energy, Gas & Oil, Environment, Germany
Tagged Katja Wünschel, renewable energy, RWE, RWE Renewables Europe & Australia, tender, wind farm
(IN BRIEF) The European Investment Bank (EIB) and Banco Santander (Brasil) have signed a €300 million loan agreement to promote the use of renewable energy in Brazil. The loan will support the installation of small-scale solar photovoltaic plants, primarily on … Read the full press release
(IN BRIEF) Schneider Electric has launched the Catalyze partnership program, aimed at accelerating access to renewable energy across the global semiconductor value chain. Intel and Applied Materials are the inaugural corporate sponsors of the program, which seeks to address the … Read the full press release
(IN BRIEF) Iberdrola and Vodafone have signed new clean energy power purchase agreements (PPAs) in Spain, Portugal, and Germany. The agreements will see Iberdrola provide Vodafone with 410 gigawatt-hours (GWh) of clean solar energy annually, supporting Vodafone’s net-zero goals and … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Management, News, Spain, Technology, Telecom
Tagged Aitor Moso, Germany, Iberdrola, Joakim Reiter, net-zero, partnership, PORTUGAL, renewable energy, solar energy, Spain, sustainability, vodafone
(IN BRIEF) BASF Shanghai Coatings sites and BASF Coatings’ resin plant in Shanghai have announced their transition to 100% renewable energy usage in 2023. This move aligns with BASF Coatings’ global sustainability targets and contributes to carbon reduction efforts. Through … Read the full press release
(IN BRIEF) Alstom, a global leader in smart and sustainable mobility, releases its 2023 Economic Impact Report, revealing its significant contribution to the UK and Ireland. With roots tracing back to the world’s first locomotive works in Newcastle, Alstom has … Read the full press release
Posted in Business, Economy, Environment, Financial, France, Industrial, Management, News, Technology, Transportation & Logistics
Tagged Alstom, economic, INNOVATION, Ireland, Nick Crossfield, recyclability, renewable energy, sustainability, train, UK, waste recovery
(IN BRIEF) The European Investment Bank (EIB) has announced its first-ever water investment in Djibouti. This transformative project, part of the Global Gateway initiative, will significantly improve water access, enhance climate resilience, and provide clean drinking water to over 555,000 … Read the full press release
Posted in Banks, European Union, Financial, Industrial, Infrastructure & Utilities, Investment, Luxembourg
Tagged clean drinking water, clean water, climate resilience, Djibouti, Doraleh Desalination Plant, EIB, EIB Global, freshwater production, Global Gateway, H.E. Aden Mohamed Dileita, Ilyas Moussa Dawaleh, Jutta Urpilainen, ONEAD, renewable energy, solar power renewable energy, Thomas Östros, wastewater treatment, water investment, water security, Youssouf Aouled Faraf
(IN BRIEF) Swedish pulp and paper company Rottneros has entered into a long-term Power Purchase Agreement (PPA) with EnBW Energie Baden-Württemberg AG, the third-largest energy group in Germany. Under the agreement, EnBW will supply Rottneros with over 30 GWh of … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Germany, Industrial, Management, News
Tagged Carl Johannessen, EnBW, partnership, renewable energy, Rottneros, sustainability
(IN BRIEF) A recent survey conducted in Northumberland, England, revealed that residents living in close proximity to wind farms hold a positive view of wind power. Contrary to popular belief, three-quarters of those surveyed expressed support for onshore wind farms … Read the full press release
(IN BRIEF) TotalEnergies and Petronas’ Gentari Renewables have announced a strategic collaboration to develop renewable energy projects in the Asia Pacific region. The partnership aims to leverage TotalEnergies’ expertise in renewable energy and Petronas’ clean energy solutions to drive the … Read the full press release
(IN BRIEF) Henkel Adhesive Technologies, a leader in sustainability, has achieved a major milestone by making its manufacturing sites carbon neutral and sourcing 100% renewable energy. As part of its 2030+ Sustainability Ambition Framework, the company has invested in various … Read the full press release
(IN BRIEF) Lightsource bp, a global leader in renewable energy, has announced the appointment of Adele Ara as the new Chief Technology Officer (CTO) and member of the executive team. Adele has been with the company since 2014, demonstrating her … Read the full press release
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has granted an €82 million loan to Elektroprivreda Crne Gore a.d. Nikšić (EPCG), Montenegro’s national electricity utility, and Green Gvozd LLC, a special-purpose vehicle (SPV) fully owned by EPCG. The … Read the full press release
Posted in Banks, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Montenegro
Tagged EBRD, Elektroprivreda Crne Gore a.d. Nikšić, energy transition, EPCG, Green Gvozd LLC, Krešimir Čondić, Milutin Đukanović, Montenegro, Nikola Rovčanin, onshore wind farm, Remon Zakaria, renewable energy
(IN BRIEF) Hydro, a global aluminium supplier, has signed a letter of intent to collaborate with SolarDuck and subsidiaries of Tenaga Nasional Berhad (TNB) on an offshore floating solar energy project in Malaysia. The partnership aims to advance offshore floating … Read the full press release
Posted in Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Metals and Minerals, Norway
Tagged aluminium, Hydro, Malaysia, offshore floating solar, offshore floating solar energy, Paul Warton, renewable energy, SolarDuck, SolarDuck offshore floating solar plant, Tenaga Nasional Berhad, TNB, TNB Renewables Sdn Bhd, TNB Research Sdn Bhd
(IN BRIEF) Hydro, a global leader in aluminum production, has signed an agreement to purchase land in Torija, Spain, where it plans to build a state-of-the-art aluminum recycling plant. The facility will have an annual capacity of 120,000 tonnes and … Read the full press release
Posted in Business, Environment, Industrial, Investment, Metals and Minerals, Norway, Spain
Tagged aluminium, aluminum recycling plant, Eivind Kallevik, energy efficient building, Hydro, Hydro CIRCAL, Pulsar Properties Group, recyclability, recycled low-carbon aluminium, recycling, renewable energy, Spain, Torija
(IN BRIEF) TotalEnergies has signed a Power Purchase Agreement (PPA) for the Mirny wind project in Kazakhstan, marking the country’s largest wind energy initiative. The project involves a 1 GW onshore wind farm and a 600 MWh battery energy storage … Read the full press release
Posted in Business, Energy, Gas & Oil, France, Industrial, Infrastructure & Utilities
Tagged Almassadam Satkaliyev, battery energy storage, energy transition, gas, Kazakhstan, KazMunayGas, Mirny project, National Wealth Fund Samruk-Kazyna, oil, Patrick Pouyanné, Power Purchase Agreement, PPA, renewable energy, TotalEnergies, wind farm, Wind Project, Zhambyl
(IN BRIEF) Iberdrola and Trammo have signed a major agreement to advance the use of green ammonia in Europe. The agreement involves the purchase and sale of up to 100,000 tons of green ammonia per year, making it the largest … Read the full press release
(IN BRIEF) APM Terminals Bahrain, the operator of Khalifa Bin Salman Port, has announced the launch of a groundbreaking solar power project worth BHD3.8 million (USD 10 Million). The project aims to make the port energy self-sufficient by the end … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Management, Netherlands, Transportation & Logistics
Tagged APM Terminals Bahrain, Bahrain, clean energy, energy-sufficient seaport, Farooq Zuberi, His Majesty King Hamad bin Isa Al Khalifa, His Royal Highness Prince Salman bin Hamad Al Khalifa, Khalifa Bin Salman Port, renewable energy, solar photovoltaic panels, solar power project, sustainable energy
(IN BRIEF) SEB Greentech Venture Capital has acquired a stake in Esforin, a German company specializing in algorithm-based energy trading solutions. Esforin’s innovative approach optimizes supply and demand in the energy market by allowing customers to inject energy back into … Read the full press release
Posted in Banks, Energy, Gas & Oil, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Sweden, Technology
Tagged algorithm, battery storage, Christian Hövelhaus, electricity customers, energy market, Energy Services for Industry, Esforin, grid, intraday market, Markus Hökfelt, renewable energy, SEB Greentech Venture Capital, trading
(IN BRIEF) Iberdrola has unveiled a refreshed brand identity that aligns with its position as a sustainable and innovative leader in renewable energy. The new logo retains the recognizable icon while making it easier to apply in digital formats. The … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Management, Marketing, Media, Spain
Tagged brand identity, Iberdrola, logo, renewable energy, SDG
(IN BRIEF) ORLEN Group is constructing a cutting-edge 560 MW gas-fired power plant in Grudziądz, Poland. This advanced facility aims to provide electricity to around one million households while effectively integrating renewable energy sources. With a highly flexible Combined Cycle … Read the full press release
Posted in Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Poland
Tagged CCGT, CCGT Grudziądz, Daniel Obajtek, electricity, Energa, gas-fired power plant, Grudziądz, Grzegorz Należyty, Kostas Horinos, MYTILINEOS, ORLEN Group, Polish Power System, power generation, renewable energy, RES electricity, Siemens Energy
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has approved a five-year strategy for investment in Croatia. The strategy focuses on supporting competitiveness through innovation and good governance, accelerating Croatia’s transition to a green economy, and enhancing resilience … Read the full press release
(IN BRIEF) EBRD has approved a loan of US$110 million to Enerjisa Uretim in Türkiye to support the expansion of their wind power portfolio. Enerjisa Uretim’s projects will reduce CO2 emissions by 52,000 tonnes annually and promote employment opportunities for … Read the full press release
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided a loan of €25 million to Mav Elektrik, a Turkish energy company, to replace loans that funded the construction of the Arikcayiri biomass power plant. The plant is … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) has approved €6.6 billion of new financing to support sustainable transport, clean energy, corporate innovation, and education investment worldwide. The EIB Board of Directors also adopted a mid-term review of the EIB’s Energy … Read the full press release
Posted in Albania, Austria, Czech Republic, Education, Energy, Gas & Oil, Environment, European Union, Germany, Industrial, Infrastructure & Utilities, Ireland, Portugal, Romania, Spain, Technology, Transportation & Logistics
Tagged clean energy, corporate innovation, Czech rail network, Education, EIB, electric vehicle, electric vehicle battery, energy efficiency, Energy Lending Policy, European Investment Bank, European Rail Traffic Management System, financing, Madrid metro network, renewable energy, REPowerEU, rooftop solar power, school campuses, sustainable transport, sustainable urban transport, Werner Hoyer
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided a €29 million loan to a special-purpose vehicle owned by France’s Voltalia to develop the 140 MW Karavasta solar plant in Albania. The project marks Albania’s first major … Read the full press release
Posted in Albania, Banks, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, United Kingdom
Tagged Albania, Constantin von Alvensleben, EBRD, EBRD Renewable Energy Auctions Programme, Grzegorz Zielinski, IFC, International Finance Corporation, Intesa Sanpaolo Bank Albania, Karavasta solar plant, Matteo Colangeli, Offshore wind, onshore wind auction, Privredna Banka Zagreb, renewable auctions, renewable energy, Solar, solar auction, solar photovoltaic plant, solar PV auction, Spitalla, Voltalia
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