Iberdrola finalises the purchase of two Greenvolt Power onshore wind farms in Poland
Iberdrola has moved forward with its international expansion by completing the purchase of two onshore wind farms in Poland, owned by Greenvolt Power, a subsidiary of Greenvolt Group. The projects are anticipated to come into operation in the second half of…
Iberdrola invests €10.54 billion in the last 12 months and increases its net profit by 21% to €2.52 billion
Highlights Second increase in FY 2023 Outlook Financial strength Strategic Plan Execution Commenting on the results, Ignacio Galán, Executive Chairman of Iberdrola, said: “We continue accelerating in the execution of our Strategic Plan, with investments of more than 10.5 billion…
Masdar joins Iberdrola to co-invest in the Baltic Eagle wind farm in Germany
Masdar, the UAE’s flagship renewable energy company, has signed a strategic agreement with Iberdrola, a global clean energy leader, to co-invest in the 476-megawatt (MW) Baltic Eagle offshore wind farm in the German Baltic Sea. Iberdrola will retain a majority 51% stake in the…
Iberdrola signs a new 500 million euros guaranteed green loan with Citi and Eksfin
Iberdrola has reinforced its liquidity position with a new 500 million euros green loan granted by Citi, and partly guaranteed by the Norwegian Export Credit Agency (Eksfin). The transaction represents the first Eksfin guaranteed financing to a Spanish energy company. The loan,…
ENGIE joins forces with CMA CGM and Air France-KLM to accelerate the decarbonization of sea and air transport by launching the first industrial-scale renewable and low-carbon fuel platform in Le Havre
As part of the “Grand Canal du Havre” call for projects, through the conclusion of state titles, HAROPA PORT has awarded ENGIE 24 ha of land for the development of a benchmark platform for alternative new industrial fuels embodied by…
Enel Chief Executive Officer and General Manager Flavio Cattaneo buys Enel shares
Enel S.p.A. (“Enel” or the “Company”) announces that Flavio Cattaneo, the Company’s Chief Executive Officer and General Manager, yesterday purchased 200,000Enel shares through a company fully controlled by him, at the weighted average price of 6.2693 euros per share. Furthermore,…
Enel: in the first half of 2023 ordinary EBITDA was up to 10.7 billion euros (+29.4%) and net ordinary income to 3.3 billion euros (+52%)
Revenues: 47,095 million euros (65,630[1] million euros in the first half of 2022, -28.2%) – The change primarily reflects the decline in commodity sale prices on end-user markets, in an energy scenario characterized by greater price stability than in the first…
Enel sells 50% of Enel Green Power Hellas to Macquarie Asset Management
Enel S.p.A. (“Enel”), acting through its fully-owned subsidiary Enel Green Power S.p.A. (“EGP”), has signed an agreement with Macquarie Asset Management, via the Macquarie Green Investment Group Renewable Energy Fund 2 (“MGREF2”), for the sale of 50% of Enel Green…
China’s First Homemade 300t Mining Truck Launched at Zhungeer Energy Group
On July 12, China’s first entirely homemade 300-tonne mining truck was launched at Zhungeer Energy Group. The 300-tonne mining dump truck is the first homemade heavy truck with completely independent intellectual property rights jointly developed by Zhungeer Energy Group and…
Aramco completes $3.4bn purchase of Rongsheng Petrochemical stake
Aramco, one of the world’s leading integrated energy and chemicals companies, has successfully closed a landmark transaction to acquire a 10% interest in Rongsheng Petrochemical Co. Ltd. (“Rongsheng”) for RMB 24.6 billion ($3.4 billion), through its subsidiary Aramco Overseas Company…
Duke Energy gives $170,000 in grants to support Indiana communities devastated by storms
The Duke Energy Foundation is awarding $170,000 in grants to nonprofit organizations providing support for those impacted by devastating storms that moved across Indiana in late June and early July. “When disaster strikes, nonprofit organizations play a vital role in…
Siemens customers test wireless technologies in a new industrial laboratory
The technology company Siemens has opened a new test laboratory for industrial connectivity technologies at its Erlangen site. Embedded in the Siemens Technology Center on the Erlangen campus, the Industrial Connectivity Lab offers 300 square meters of space for extensive…
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