Tag Archives: renewables

Shell Announces Leadership Changes as Huibert Vigeveno Steps Down After 30 Years of Service

(IN BRIEF) Huibert Vigeveno, a long-serving Shell executive, will step down from his role as Director of Downstream, Renewables, and Energy Solutions, effective 31 March 2025, after a remarkable 30-year career. CEO Wael Sawan thanked Huibert for his contributions, highlighting … Read the full press release

TotalEnergies Marks 100 Years of Energy Innovation and Leadership

(IN BRIEF) TotalEnergies is celebrating its 100th anniversary, marking a century of innovation and leadership in the global energy sector. Founded in 1924 as Compagnie Française des Pétroles, the company started in France without local oil resources but quickly expanded … Read the full press release

Iberdrola’s Commitment to Innovation Garners Second Consecutive Recognition from European Commission

(IN BRIEF) Iberdrola, a major energy company, has received recognition as the world’s leading private utility for investment in innovation and development, marking its second consecutive year of achievement in this regard. The European Commission’s report, ‘The 2023 Industrial R&D … Read the full press release

Renewable Energy Surpasses Fossil Fuels for Second Year Running in UK’s Record-Breaking 2022

(IN BRIEF) The UK Department for Energy Security and Net Zero has released new statistics showing that renewables generated a record-breaking amount of electricity in 2022, surpassing fossil fuels for the second consecutive year. Renewable sources accounted for 41.5% of … Read the full press release

EIB Boosts Repsol’s Green Vision with €575 Million Loan for Spanish Renewables

(IN BRIEF) The European Investment Bank (EIB) has approved a €575 million loan to support Repsol’s wind and solar PV projects in Spain, with a total capacity of 1.1 GW. The first tranche of €400 million will accelerate the energy … Read the full press release

Investment Powerhouses Impala and Exor Forge Strategic Alliance to Drive the Expansion of TagEnergy’s Renewable Solutions

(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

Borealis Expands Innovation Award to Include Scientists and Start-ups Driving Circular Transformation

(IN BRIEF) Borealis has launched the Borealis Scientific Innovation Award (BSIA) to accelerate the circular transformation and promote sustainable progress. The award aims to recognize innovative ideas from academia, start-ups, scale-ups, engineers, and chemical engineers. Submissions are open until September … Read the full press release

Iberdrola’s Ambitious Offshore Wind Project to Bring Clean Energy to New York City and Westchester County

(IN BRIEF) Iberdrola, in collaboration with Avangrid and other partners, is set to establish new high-voltage transmission lines to deliver renewable offshore wind power from the Long Island grid to New York City and Westchester County. The project aims to … Read the full press release

RWE’s Growing Green Strategy Boosted by Updated Green Financing Framework

(IN BRIEF) RWE, a leading energy company, has announced its updated Green Financing Framework to support sustainable investment. With a focus on building a sustainable energy system, RWE plans to invest over 50 billion euros by 2030 as part of … Read the full press release

Major Renewable Energy Push: Repsol Unveils 1,768 MW Wind and Solar Projects in Italy

(IN BRIEF) Repsol is set to develop renewable energy projects in Italy, totaling 1,768 MW. The portfolio will consist of 943 MW of wind projects and 825 MW of photovoltaic solar projects. Over 60% of the projects are in advanced … Read the full press release

Neste Acquires Stake in Changi Airport Joint Venture to Supply Sustainable Aviation Fuel

(IN BRIEF) Neste, a leading producer of sustainable aviation fuel (SAF), has completed its EUR 1.6 billion Singapore Expansion project. The expansion has doubled Neste’s production capacity in Singapore, making it the world’s leading SAF producer. The refinery’s total capacity … Read the full press release

EBRD-Funded Report Calls for Action to Boost Offshore Renewable Energy Generation in Croatia

(IN BRIEF) A new report funded by the European Bank for Reconstruction and Development (EBRD) has been launched in Zagreb, Croatia, outlining the potential for offshore renewable energy generation in the Adriatic Sea. The report identifies over 29,000 km² of … Read the full press release

Renewables account for 27.5% of Italy’s electricity demand in February

(IN BRIEF) In February 2023, total electricity demand in Italy decreased by 2.2% compared to the same month in 2022. According to Terna, the company that manages the Italian electricity grid, the country’s industrial sector also decreased by 6.8% compared … Read the full press release

Ørsted Strengthens Presence in Ireland with Acquisition of Garrenleen Solar Project

(IN BRIEF) Ørsted, a leading sustainable energy company, has acquired the 160 MW Garrenleen solar project from renewable energy developer Terra Solar. This is Ørsted’s second solar project in Ireland and reinforces its commitment to reaching 17.5 GW of onshore … Read the full press release

TotalEnergies Acquires Polska Grupa Biogazowa and 200 MW Solar Project Pipeline in Poland

(IN BRIEF) TotalEnergies, an energy company, is expanding its renewable activities in Poland by acquiring Polska Grupa Biogazowa (PGB), the country’s main biogas producer, and a 200-megawatt (MW) development pipeline of solar projects. With 17 facilities in production and one … Read the full press release

EBRD Boosts Turkish Transition to Green Economy with €25M Loan to GarantiBBVA Leasing

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has granted a €25 million loan to GarantiBBVA Leasing in Türkiye to support lending to businesses for energy efficiency and renewable energy projects. The loan will provide lease financing to … Read the full press release

Enel Green Power Sets Ambitious Goal to Reach 75 GW of Renewables by 2025

(IN BRIEF) Enel Green Power (EGP) set a new record in 2022 by building 5,223 MW of new renewable capacity, including 387 MW of battery energy storage systems. The new capacity includes over 80 plants, mainly solar and wind. EGP … Read the full press release

Denmark Leads the Way in Decarbonization with HØST PtX Esbjerg Project

The Project Aims to Decarbonize Hard-to-Abate Industries with Green Ammonia (PRESS RELEASE) ESBJERG, Denmark, 13-Jan-2023 — /EuropaWire/ — A new Power-to-X (PtX) project called HØST PtX Esbjerg is set to revolutionize the decarbonization of hard-to-abate industries in Denmark. The project, … Read the full press release

bp to support the global expansion and the R&D of 5B Holdings Pty Ltd, known for its technology for rapid deployment of solar power at scale

5B’s rapidly deployable solar technology enables fast, easy, low-cost solar installation 5B has more than 60MW of solar technology deployed globally, including projects in the US, Latin America, Europe, and Asia. The investment will allow 5B to expand further globally … Read the full press release

German renewable energy company JUWI expands in Italy with the acquisition of a majority stake in GEMdev S.r.l.

JUWI has finalized the acquisition of 70 percent shares in GEMdev S.r.l., an Italian company focused on the development of greenfield solar PV projects in the North of Italy. (PRESS RELEASE) WÖRRSTADT, Germany, 5-Dec-2022 — /EuropaWire/ — JUWI GmbH, a … Read the full press release