9 June 2022

American investor puts more than SEK 1 billion into Svea Solar

Svea Solar has received more than SEK 1 billion in new capital from the American asset manager Carval Investors. This is Svea Solar's second SEK billion issue in a short time and the aim is to invest several billion kronor in, among other things, large solar parks and to multiply sales, said CEO and co-founder Erik Martinson.

Dagens industri

Azelio gives notices to half of its' employees

Energy storage company Azelio has given notice to one hundred people - half of its’ workforce - on the grounds that the market uptake of the company's new green technology has been slower than expected. The notices are mainly distributed between Åmål and Gothenburg, but employees in Uddevalla are also affected. According to Jonas Wallmander, who took over as the new CEO as recently as March, the pandemic is one of the reasons. “But what we need to sell are the first commercial reference facilities in South Africa and Dubai. When we have real data from those facilities, we can show that this works in the right environment. That is the key to taking the next step.”

SVT

Ørsted enters into partnerships in Spain on onshore wind and solar energy - NY

Ørsted has entered into four partnerships in Spain with a view to developing onshore wind and solar energy projects, giving the company the opportunity to participate in the country's upcoming energy auctions and bid for the right to develop multi-gigawatt (GW) onshore wind and solar energy projects throughout Spain. The four partnerships are with the companies Glide Energy, Rolwind, ARBA Energías Renovables and Ereda.

Neil O'Donovan, CEO of Ørsted Onshore commented “Over the next decade, we have ambitions to develop a multi-GW onshore energy business in Spain across onshore wind, solar energy and energy storage technologies that can help our business and public customers reduce their CO2 emissions and at the same time, support Ørsted's ambitions in the offshore wind area in this important market.”

NP Investor

H2 Green Steel to be top 10 emitter in Sweden

Hydrogen will replace fossil fuel in H2 Green Steel's planned green steel plant in Boden. But, natural gas will still be needed to carbonise the sponge iron, which is estimated to produce 550,000 tonnes of carbon dioxide emissions per year, making H2 Green Steel on the list of the ten largest carbon dioxide emitters in Sweden.

Dagens industri. 

Danish wind power company buys German engineers

KK Wind Solutions has acquired ConverterTec Deutschland GmbH's R&D department and IP portfolio in order to strengthen its offering in power conversion. ConverterTec is described as a leading name in power conversion with a focus on wind power, according to a press release. Through the acquisition, KK Wind Solutions will establish a centre with cutting-edge expertise in power conversion in Germany.

Evertiq

What we’re reading

• Chaos erupts at the European Parliament as three key climate laws are postponed (Euronews)

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