(IN BRIEF) The power sector is undergoing a vital transformation to meet climate goals by shifting towards carbon-free electricity production. The European Bank for Reconstruction and Development (EBRD) is actively contributing to this transition through its Renewable Energy Programme, particularly … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom
Tagged Azerbaijan, Bulgaria, clean power, EBRD, fossil fuels, Fuels Transition, MOLDOVA, Montenegro, partnership, renewable energy, Romania, sustainability
(IN BRIEF) SEAT S.A. is set to significantly expand its solar energy capacity with the installation of 39,000 new solar panels across its three production facilities in Martorell, El Prat, and Barcelona. This expansion, known as SEAT al Sol 2, … Read the full press release
(IN BRIEF) Local energy company Sorégies has secured financing through the InvestEU program, marking a significant step in its strategic plan to prioritize renewable energy development. Sorégies aims to self-generate at least 1,000 GWh of electricity by 2030, aligning with … Read the full press release
(IN BRIEF) Neste, a global renewable fuels and sustainable solutions leader, has signed an important solar power purchase agreement with CPC Finland Oy. This deal will provide solar power to Neste’s Porvoo refinery in Finland, starting in spring 2024. The … Read the full press release
(IN BRIEF) Ericsson, a leading communications technology company, has successfully issued a €500 million green bond with a 4.5-year maturity. The bond, part of Ericsson’s Euro Medium Term Note Program (EMTN), will fund investments in energy efficiency. Ericsson’s CFO, Carl … Read the full press release
Posted in Business, Electronics & Machinery, Energy, Gas & Oil, Environment, Financial, Sweden, Technology, Telecom
Tagged 2021 ICMA Green Bond Principles, Carl Mellander, CICERO Shades of Green, Citi, Credit Agricole CIB, Danske Bank, Deutsche Bank, EMTN, energy efficiency, Ericsson, ESG targets, Euro Medium Term Note Program, green bond, green financing, Green Financing Framework, mobile connectivity, renewable energy, SEB, sustainable financing
(IN BRIEF) ENERCON, a leading manufacturer of onshore wind energy converters, marked its 20-year presence in France by reaffirming its dedication to the expansion of onshore wind energy in Europe. The company’s CCO, Ulrich Schulze Südhoff, emphasized that Europe is … Read the full press release
Posted in Business, Economy, Environment, Financial, France, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Dr Aloys Wobben, Enercon, Europe, France, partnership, renewable energy, sustainability, Ulrich Schulze Südhoff
(IN BRIEF) DHL Freight is building a new terminal in Berlin-Marienfelde, aiming to enhance its network and sustainability. This 20,000-square-meter facility will replace an existing one in Berlin, offering better freight distribution in the area. The new terminal will operate … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Germany, Industrial, Transportation & Logistics
Tagged Berlin, Björn Michelchen, DHL Freight, DHL Freight terminal, Götz Hanningsmann, Marc Urbatsch, Marienfelde, Martin Grimm, Martina Marijnissen, renewable energy, road freight, sustainability, Thomas Vogel
(IN BRIEF) A new Green Finance Facility (GFF), valued at €30 million, has been introduced in North Macedonia to provide small and medium-sized enterprises (SMEs) and creditworthy underserved individuals and households with loans for renewable energy and energy efficiency projects. … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Small Business, United Kingdom
Tagged Aleksandra Vukosavljevic, Armen Grigoryan, Dmitry Mariyasin, Fatmir Bytyqi, Green Finance Facility, investments, NORTH MACEDONIA, partnership, Rania Sharshr, renewable energy, Rossana Dudziak, SMEs, sustainability
(IN BRIEF) The European Investment Bank (EIB) has signed a €150 million 15-year loan agreement with the Hellenic Electricity Distribution Network Operator (HEDNO) to support the deployment of electricity smart meters across Greece. This initiative aims to enhance the efficiency … Read the full press release
Posted in Banks, Energy, Gas & Oil, Environment, European Union, Financial, Greece, Luxembourg, Technology
Tagged EIB, electricity smart meters, energy distribution, energy transition, Greece, HEDNO, Hellenic Electricity Distribution Network Operator, Mr Anastasios Manos, renewable energy, The European Investment Bank, Werner Hoyer
(IN BRIEF) AFRY, a prominent player in industry, energy, and infrastructure, has been awarded a significant framework agreement with Vattenfall Eldistribution, one of Sweden’s largest Distribution System Operators (DSOs). Under this agreement, AFRY will provide a range of technical consulting … Read the full press release
(IN BRIEF) In October, Portugal experienced a significant milestone in its energy landscape as renewable energy production contributed to 67% of the country’s electricity consumption. Non-renewable sources accounted for only 17%, while the remaining 16% was imported energy. The month … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Management, News, Portugal
Tagged PORTUGAL, REN, renewable energy, supply
(IN BRIEF) DNV, a leading energy expert and assurance provider, is collaborating with KREDO Offshore, a Korean renewable energy developer, to advance offshore wind farm projects in South Korea. DNV is overseeing the deployment and monitoring of seven Floating Lidar … Read the full press release
Posted in Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Norway, Technology
Tagged assurance provider, Brice Le Gallo, DNV, energy expert, Floating Lidar System, KREDO Offshore, Mike Hallett, Offshore wind, offshore wind farms, renewable energy, South Korea, wind farm, wind measurement project, Yoon Woo Sik
(IN BRIEF) RWE and Equinor have entered into a new supply contract for 10 to 15 terawatt hours (TWh) of natural gas annually, spanning until 2028. This collaboration strengthens their longstanding partnership and aims to enhance security of supply and … Read the full press release
(IN BRIEF) Enel and its subsidiary, Enel Chile, have successfully completed the sale of their equity interests in Arcadia Generación Solar to renewable energy producer Sonnedix. This transaction, valued at 556 million US dollars, includes four operational PV plants in … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Investment, Italy
Tagged Antofagasta, Arcadia Generación Solar S.A., Atacama, Carrera Pinto, Chile, Diego de Almagro, Domeyko, Enel Chile S.A., Enel S.p.A., Pampa Solar Norte, PV plants, renewable energy, solar energy, Solar PV, Sonnedix
(IN BRIEF) Iberdrola has installed Spain’s largest solar community at the Nexum Retail Park in Fuenlabrada, Madrid. This solar initiative enables 1,100 nearby households to access 100% renewable energy, saving up to 40% on energy costs without needing individual installations. … Read the full press release
(IN BRIEF) Borealis, a leading provider of sustainable polyolefin solutions and base chemicals, has forged a long-term Power Purchase Agreement (PPA) with Alpiq, a Swiss energy services provider and European electricity producer. Under this agreement, starting from early 2024, Alpiq … Read the full press release
Posted in Austria, Business, Chemicals, Energy, Gas & Oil, Financial, Finland, Government, Industrial, Investment, Management, News, Switzerland
Tagged Alpiq, Borealis, Finnish, Matti Ahtosalo, partnership, renewable energy, sustainability, wind farm, Wolfram Krenn
(IN BRIEF) Iberdrola Deutschland has secured the rights to three wind energy sites in the latest tender held by Forst Baden-Württemberg (ForstBW). These wind farms, covering a total of 790 hectares, are expected to feature around 25 wind turbines and … Read the full press release
(IN BRIEF) Macquarie Asset Management has inked an agreement with Hydro, a prominent Norwegian aluminum and renewable energy company, to purchase a 49.9 percent ownership interest in Hydro’s renewable energy subsidiary, Hydro Rein, for $332 million. This deal values Hydro … Read the full press release
(IN BRIEF) Vodacom and Eskom have signed a pioneering Virtual Wheeling agreement in South Africa to address the country’s energy crisis. Load shedding, planned power cuts by Eskom due to high demand, has disrupted daily life and telecom services. Vodacom … Read the full press release
(IN BRIEF) Arkema Group has achieved a significant 46% reduction in the carbon footprint of its bio-based Rilsan® polyamide 11 grades, reaching less than 2 kg CO2e/kg. This reduction is attributed to the use of renewable and low carbon energy … Read the full press release
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