EBRD Approves €270 Million Loan to Naftogaz to Strengthen Ukraine’s Energy Security
The European Bank for Reconstruction and Development (EBRD) has granted a €270 million loan to Ukraine’s state-owned gas company, Naftogaz, to support urgent gas procurement for the upcoming two heating seasons. The sovereign-backed loan is complemented by an additional €139 million grant from Norway, financed under the EBRD Crisis Response...
Climeworks and Mitsui O.S.K. Lines Forge Carbon Removal Partnership to Accelerate Maritime Decarbonization
Climeworks, a global pioneer in carbon removal via Direct Air Capture (DAC), has announced a strategic partnership with Mitsui O.S.K. Lines (MOL), one of the world’s largest shipping companies, to remove 13,400 tons of carbon dioxide from the catmosphere by 2030. This landmark agreement makes MOL Climeworks’ first partner in...
UK to Inject £300 Million into Offshore Wind Supply Chain as Energy Summit Begins
Launching a significant energy security summit on Thursday, the UK Government is set to announce a £300 million investment aimed at expanding the offshore wind supply chain. Leaders like Prime Minister Keir Starmer and European Commission President Ursula von der Leyen will gather in London for the two-day conference. The...
TPREL and Tata Motors Collaborate for 131 MW Wind-Solar Hybrid Project
Tata Power Renewable Energy Limited (TPREL), Tata Power's renewable energy subsidiary, signed a landmark Power Purchase Agreement (PPA) with Tata Motors for co-developing a 131 MW wind-solar hybrid project. The project will supply clean energy round-the-clock to six Tata Motors manufacturing facilities in Maharashtra and Gujarat. A Green Milestone for...