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European Support for Cheaper and Cleaner Heat and Power in Lithuania
The European Investment Bank (EIB) has signed a EUR 190 million loan agreement with Lietuvos Energija for the greenfield construction of new combined-heat-and-power (CHP) plant in Vilnius. The project is expected to lower municipal waste landfilling, decrease energy prices as…
KfW IPEX-Bank Finances new BMW Group Production Facility in Mexico
Together with DZ BANK and BayernLB, KfW IPEX-Bank has closed the syndicated financing for the BMW Group’s new plant in San Luis Potosí, Mexico. Each of the three banks is contributing an equal share to the total lending volume. The…
Australia’s Energy Transmission Industry Calls for Carbon Trading
Australia’s electricity and gas transmission industry is calling on the Turnbull government to implement a form of carbon trading in the national electricity market by 2022 and review the scope for economy-wide carbon pricing by 2027. Energy Networks Australia warns…
Centrica to Trial £19m Local Smart Grid in Cornwall
Energy giant Centrica has launched a new local energy market trial in Cornwall in a bid to test how a more distributed grid could help generation be managed closer to the point of demand. The firm announced plans on Friday…
Big Business Calls on Government to Halt Solar Tax Hike
A group of major businesses, including retail giants Sainsbury’s, IKEA and Kingfisher, have called on Chancellor Philip Hammond to stop a planned rise in business rates for firms with solar installations. The businesses have joined senior politicians, energy executives and…
Shell to Link Executive Bonuses to Greenhouse Gas Emissions
Shell, Europe’s largest oil company, has unveiled plans to link a slice of executive bonuses to its performance in curbing greenhouse gas emissions in response to shareholder pressure for it to better prepare for the low-carbon transition. Shell’s chief executive…
Glavgosekspertiza Approves Construction of a Process Condensate Purification Facility at the Gazprom Neft Omsk Refinery
A project for the construction of a process condensate purification facility at the Gazprom Neft Omsk Refinery has been approved by federal agency Glavgosekspertiza Russia. This project is part of a wide-ranging environmental programme at the Omsk Refinery, involving the…