(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
(IN BRIEF) The European Investment Bank (EIB) and Crédit Agricole Italia have signed a €400 million agreement to support small and medium-sized enterprises (SMEs) and agricultural companies. A significant portion of this funding, over 25%, will be directed towards environmental … Read the full press release
Posted in Agriculture, Banks, Energy, Gas & Oil, Environment, European Union, Financial, Investment, Italy, Small Business
Tagged agri-food sector, agricultural companies, Crédit Agricole Italia, EIB, energy efficiency transition, environmental sustainability, European Investment Bank, Gelsomina Vigliotti, Giampiero Maioli, Mid-Caps, renewable energy, SMEs
(IN BRIEF) AFRY is actively supporting Malta’s ambitious plans to expand its offshore renewable energy capacity. The company is engaged in technical and commercial tasks for Interconnect Malta (ICM), a state-owned entity responsible for energy infrastructure projects. AFRY’s efforts aim … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Malta, Management, News, Sweden
Tagged AFRY, Bülent Mutlu, expansion, Ismail D’Amato, Malta, offshore, partnership, Peter Plug, renewable energy, sustainability
(IN BRIEF) Iberdrola and TMD Friction Services have signed a 15-year contract for the supply of green electricity. Iberdrola will provide approximately 50 GWh of clean energy per year to cover over 50% of TMD’s electricity demand in Germany starting … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Germany, Industrial, Spain
Tagged Baltic Eagle, Baltic Sea, brake materials, clean electricity, green electricity, GREEN HYDROGEN, Iberdrola, Ignacio Galan, offshore wind turbines, PPA, renewable energy, Rügen, TMD Friction Services, Wikinger, Windanker Offshore Wind Farm
(IN BRIEF) Enel S.p.A., through its subsidiary Enel Green Power S.p.A. (EGP), has successfully finalized the sale of a 50% stake in its Australian renewable energy entities, Enel Green Power Australia Pty Ltd and Enel Green Power Australia Trust (collectively … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News
Tagged acquisition, Australia, Enel, INPEX, partnership, renewable energy, sustainability
(IN BRIEF) Arkema, a global leader in specialty chemicals, has announced a substantial €50 million investment to expand its organic peroxide production capacities at its Changshu site in China. This strategic move, which is part of the company’s global expansion … Read the full press release
(IN BRIEF) TotalEnergies, Petrobras, and Casa dos Ventos Holding have entered into a Memorandum of Understanding (MoU) to explore collaborative opportunities in the renewable energy and low-carbon hydrogen sectors in Brazil. Under this agreement, the three companies will jointly investigate … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Brazil, Casa dos Ventos, Casa dos Ventos Holding, low-carbon hydrogen, partnership, Patrick Pouyanné, Petrobras, renewable energy, sustainability, TotalEnergies
(IN BRIEF) The Nordic Investment Bank (NIB) and Wärtsilä Corporation, a Finnish technology group, have entered into a ten-year EUR 75 million investment loan agreement. This partnership aims to finance Wärtsilä’s research and development (R&D) activities from 2023 to 2025, … Read the full press release
Posted in Banks, Energy, Gas & Oil, Environment, Finland, Industrial, Technology, Transportation & Logistics
Tagged Arjen Berends, decarbonisation transformation, ENERGY, investment loan, Jeanette Vitasp, marine, marine decarbonisation, marine power supply, NIB, NIB Environmental Bond, R&D), renewable energy, renewable energy solutions, research and development, Wärtsilä Corporation
(IN BRIEF) Iberdrola, in partnership with Van Oord, has successfully installed 50 monopiles for the Baltic Eagle offshore wind farm. These vital components were manufactured by EEW SPC and transported to the construction site, anchored in the seabed to support … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Spain
Tagged Baltic Eagle offshore wind farm, EEW SPC, GREEN HYDROGEN, Iberdrola, Iberdrola Deutschland, Iris Stempfle, monopiles, Mukran, photovoltaic projects, port of Rostock, renewable energy, Svanen, Van Oord, wind farm, wind turbine, Windar Renovables
(IN BRIEF) A recent International Renewable Energy Agency (IRENA) report indicates that 86% of newly commissioned renewable electricity capacity in 2022 cost less than fossil fuel-generated electricity. Solar power notably contributed to this trend, with its global average cost dropping … Read the full press release
(IN BRIEF) Wood has been chosen as a preferred bidder for the Scottish and Southern Electricity Network (SSEN) Transmission’s Accelerated Strategic Transmission Investment (ASTI) framework. This selection will facilitate the upgrade of onshore power transmission infrastructure in northern Scotland, supporting … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, United Kingdom
Tagged ASTI, expansion, infrastructure, Jim Shaughnessy, Northern Scotland, Onshore, partnership, power transmission, renewable energy, Rob McDonald, SSEN, sustainability, Wood
(IN BRIEF) The Egyptian Electricity Transmission Company (EETC) has chosen AFRY to conduct a crucial system study to facilitate the rapid expansion of Egypt’s national transmission grid. The study’s focus is on addressing challenges arising from the increased integration of … Read the full press release
(IN BRIEF) Hydro, a company specializing in aluminium solutions, has commenced the installation of solar panels and battery storage systems at its Swedish extrusions’ factories in Vetlanda, Sjunnen, and Finspång. The project, named Greener Sweden, aims to transition these factories … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Management, Metals and Minerals, News, Norway
Tagged Finspång, Greener Sweden Project, Hydro, Hydro Extrusions, Hydro REIN, Jonas Bjuhr, Marianne Wergeland Jenssen, renewable energy, Sjunnen, sustainability, Swedish Factories, Vetlanda
(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
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