DIRS.INFO The most relevant business & tech news

☆ Enel to Build Massive Solar Panel Factory in U.S.
▼ + stars: | 2022-11-17 | by ( Phred Dvorak | ) www.wsj.com time to read: 1 min

Italian energy giant Enel SpA is readying a massive solar-manufacturing push in the U.S., including plans for a factory that will make solar cells, a key part of the supply chain that currently doesn’t exist here. Enel said it is planning a factory that can initially produce 3 gigawatts—and ultimately as much as 6 gigawatts—of solar panels. That is a scale that would make Enel’s factory one of the largest such ventures in the U.S., at a cost that could approach or top a billion dollars, according to Journal estimates.

☆ Italy's Enel to build solar pv cell & panel factory in U.S.
▼ + stars: | 2022-11-17 | by ( ) www.reuters.com time to read: 1 min

Companies Enel SpA FollowMILAN, Nov 17 (Reuters) - Italian utility Enel (ENEI.MI) said on Thursday it would build a solar photovoltaic (PV) cell & panel manufacturing facility in the United States. The factory is expected to initially produce at least 3 gigawatt (GW) and scale up to 6 GW of high-performance bifacial PV modules and cells annually, the group said in a statement. Construction of the factory is expected to begin in the first half of 2023 and the first panel will be produced and available to the market by the end of 2024. Reporting by Francesca Landini, editing by Gianluca SemeraroOur Standards: The Thomson Reuters Trust Principles.

☆ Spain's Iberdrola to invest $47 bln in energy transition in 2023-25
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +4 min

Some 17 billion euros of the 47 billion total investment will go on renewables. In its last strategy update, Iberdrola said it planned to invest 75 billion euros in renewable energy, grids and retail operations from 2020-2025. Iberdrola currently has 40 GW of renewables capacity, new chief executive Armando Martinez told the compay's capital markets day in London. Net profit should increase to 5.2-5.4 billion euros by 2025 from an expected 4-4.2 billion euros in 2022, Iberdrola said. It also aims for earnings before interest, taxes depreciation and amortisation (EBITDA) of 16.5 billion-17 billion euros by 2025, up from 13 billion euros in 2022 and above analyst consensus of 12.6 billion euros.

At the COP27 climate conference in Egypt, companies and country delegates are discussing ways of enhancing the market for green bonds, or bonds that are linked to projects deemed environmentally beneficial. POPULAR DESPITE THE 'GREENIUMS'Also known as "use of proceeds bonds," green bonds involve a company or government raising money for projects considered environmentally beneficial. SUSTAINABILITY-LINKED BONDSSustainability-linked bonds, or SLBs, comprise a newer and smaller market than green bonds. SOCIAL BONDS, SDG BONDS, AND MOREBeyond bonds focused on environmental outcomes, lie pools of money for related goals around social equity or fair living standards. Social impact bonds, or impact bonds, differ from social bonds in linking financial returns to the desired outcome.

☆ Factbox: Companies count the cost of ditching Russia
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +6 min

INDITEX (ITX.MC)Zara owner will book a provision of 216 million euros after agreeing to sell its Russia stores to UAE-based Daher Group. TRATON (8TRA.DE)Volkswagen's (VOWG_p.DE) truck division Traton in September said disposing of some assets in Russia would cause a 550 million euro loss. CREDIT AGRICOLE (CAGR.PA)Credit Agricole provisioned more than 500 million euros related to its Russian exposure in Q1. LINDEThe world's largest industrial gases company's exit from Russia recorded impairments of $993 million from its Russia exit. SIEMENS (SIEGn.DE)The Munich-based engineering and tech firm said in May it would take a 600 million euro hit in Q2 for exiting Russia.

☆ Italy OKs process to grant state guarantees for Enel credit facility - source
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +1 min

Companies Enel SpA FollowMILAN, Oct 19 (Reuters) - Italy's Treasury has given a preliminary go-ahead to a request by utility Enel (ENEI.MI) to tap state guarantees for an up to 16 billion euro ($16 billion) credit facility provided by a pool of banks, a source with knowledge of the matter said. The preliminary green light from the ministry sets in motion a process that entails numerous approval steps and stretches over several weeks. Register now for FREE unlimited access to Reuters.com RegisterUnder the process, the boards of the banks in the pool will need to approve the credit facility. Italian state exports credit agency SACE will need to clear the guarantees which will then need a final green light from the ministry itself. Europe's biggest utility has asked to tap a state guarantee scheme Rome has designed to help domestic companies hit by surging energy prices.

☆ Italy's Enel in talks with banks to secure $15.7 bln credit line - source
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: 1 min

MILANO, Oct 18 (Reuters) - Enel (ENI.MI) is discussing with a pool of Italian banks to secure a credit line, worth up to 16 billion euros ($15.7 billion) to support Italy's biggest utility, a source close to the matter said on Tuesday. The facility would have a 70% guarantee from Italy's credit export agency SACE under a state-guarantee scheme to help Italian companies affected by surging energy prices, source added. Enel declined to comment. ($1 = 1.0163 euros)Register now for FREE unlimited access to Reuters.com RegisterAndrea Mandalà, editing by Cristina CarlevaroOur Standards: The Thomson Reuters Trust Principles.

☆ Factbox: Companies sell their businesses in Russia
▼ + stars: | 2022-10-10 | by ( ) www.reuters.com time to read: +9 min

The logo of French tyre maker Michelin is seen at a company building in Boulogne-Billancourt, near Paris, France, August 6, 2022. REUTERS/Sarah Meyssonnier/File PhotoOct 10 (Reuters) - Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they seek to comply with sanctions over the Ukraine conflict and deal with threats from the Kremlin that foreign-owned assets may be seized. Below is a list of firms by sector that have sold their businesses in Russia:AUTOS** British car distributor Inchcape (INCH.L) sold its Russian business to local managementRegister now for FREE unlimited access to Reuters.com Register** Italian truck and bus maker Iveco (IVG.MI) transferred its 33% stake in its AMT truck assembly joint venture in Russia to a local partner** French tyre maker Michelin (MICP.PA) intends to transfer its activities in Russia to a new entity under local management by end-2022** French carmaker Renault (RENA.PA) sold its majority stake in Avtovaz (AVAZI_p.MM) to a Russian science institute, and transferred all shares in Renault Russia to the city of Moscow** MAN Truck & Bus and Scania, units of German truck maker Traton (8TRA.DE), expect to sell their sales companies in Russia to local partners along with Scania's Russian financing business by Q1 2023BANKS** Britain's HSBC (HSBA.L) agreed to sell its Russian business to Expobank, subject to regulatory approvals in Russia** Czech investment group PPF sold its Russian banking assets, including consumer lender HCFB and its subsidiaries, to investors led by Ivan Tyryshkin** France's Societe Generale (SOGN.PA) sold its Russian business Rosbank (ROSB.MM) to Interros Capital, a firm linked to Russian oligarch Vladimir PotaninCONSUMER ELECTRONICS** Swedish home appliance maker Electrolux (ELUXb.ST) transferred its business in Russia to local management** Its Electrolux Professional (EPROb.ST) branch also sold its Russian business to local management** Whirlpool (WHR.N) sold its Russian operations to Turkey's Arcelik (ARCLK.IS)ELECTRICAL COMPONENTS & EQUIPMENT** Finland's Boreo (BOREO.HE) sold its 90% stake in YE Russia to companies controlled by its current director Yrjö Pönni** U.S. industrial firm Emerson Electric (EMR.N) agreed to sell its Russia business to the local management** Finnish elevator maker Kone (KNEBV.HE) expects to close the sale of its Russian business to local management in Q4 2022** France's Schneider Electric (SCHN.PA) expects to close the sale its Russian unit to local management by end-2022** U.S. elevator maker Otis (OTIS.N) sold its Russia business to local investment firm Ice DevelopmentENERGY** French industrial gases producer Air Liquide (AIRP.PA) agreed to shift its Russian assets to local management, subject to regulatory approvals in Russia** Baker Hughes (BKR.O) agreed to sell its oilfield services business in Russia to local management, with closing expected in H2 2022** Italian utility Enel (ENEI.MI) sold its 56.43% stake in Enel Russia to Lukoil (LKOH.MM) and private fund Gazprombank-Frezia** Norway's Equinor (EQNR.OL) transferred assets of its Russian oil and gas joint ventures to state-owned partner Rosneft (ROSN.MM), and its 30% stake in the Arctic Kharyaga oilfield to state-controlled Russian operator Zarubezhneft** U.S. oilfield services firm Halliburton (HAL.N) sold its Russia operations to a management team made up of former employees** Oil major Shell (SHEL.L) sold its Russian retail and lubricants business to Lukoil** Singapore-based commodities trader Trafigura sold its 10% stake in Vostok Oil project in Siberia to Hong Kong-registered trading firm Nord Axis** Total Energies (TTEF.PA) sold its remaining 20% interest in the Kharyaga oil project to Zarubezhneft, and its 49% stake in Terneftegaz to joint venture partner NovatekFOOD & BEVERAGES** Finland's Atria (ATRAV.HE) sold its fast food business in Russia, Sibylla Rus, to Russian meat producer Cherkizovo (GCHE.MM)** Finland's Fazer sold its Russian unit to Moscow's Kolomenskij Bakery and Confectionery Holding** Irish ingredients giant Kerry Group (KYGa.I) sold its Russian subsidiary to local management and agreed to offload its Belarusian unit to a local operator** Fast food chain McDonald's (MCD.N) sold its Russian business to its licensee Alexander Govor** Finnish food and drinks company Paulig sold its operations in Russia to private Indian investor Vikas Soi** Yum Brands (YUM.N) sold its Pizza Hut business in Russia to a local operator** Finnish food processing firm Raisio (RAIVV.HE) sold its consumer business in Russia to Copacker Agro** Finnish dairy producer Valio sold its Russian business to GK VelkomINDUSTRIAL MACHINERY** Polish measuring devices maker Apator's (APTP.WA) Powogaz unit divested its entire stake in Russia-based AO Teplovodomer** Danish industrial firm Danfoss agreed to sell its Russian and Belarusian business to local management, subject to approval by shareholders and regulatory approvals in Russi

☆ Factbox: Companies potentially affected by Italy's election
▼ + stars: | 2022-09-25 | by ( ) www.reuters.com time to read: +5 min

A woman walks at a polling station during the snap election in Rome, Italy September 25, 2022. read moreHere is a list of companies that could be affected by the outcome of the election. The change of government and calls by Meloni to revisit Italy's national recovery plan could threaten Italy's ability to meet the commitments to which European Union post-pandemic funds are tied. Brothers of Italy welcomed CDP's decision to wait for the election before filing its non-binding bid for TIM's network. read moreBrothers of Italy has called for the new government to be allowed to make a final decision on ITA.

☆ 4 clean energy trends to accelerate your sustainability goals
▼ + stars: | 2022-09-21 | by ( Sponsor Post | Created Enel With Insider Studios | ) www.businessinsider.com time to read: +7 min

This law is designed to lower the costs of acquiring clean energy solutions while enabling accessibility and accelerating the adoption of affordable, clean energy products and services. Here are four trends that will likely reshape your sustainability goals and questions businesses should ask to accelerate climate action. Scaling up of commercial clean energy solutionsThe new law will inject $369 billion into the US clean energy economy, financing renewable power, clean energy equipment manufacturing, electric vehicles, and much more. Here are questions to consider when scaling your clean energy portfolio:Given cost competitiveness and accessibility of clean energy, how will scaling-up clean energy solutions influence your bottom line? To prepare your operations to scale your sustainability goals, consider these questions when preparing your data:Currently, how is ESG data used to inform business operations and sustainability goals?

☆ Meet 11 people leading the aviation industry's push to slash emissions and ditch fossil fuels
▼ + stars: | 2022-05-31 | by ( Maia Anderson | ) www.businessinsider.com time to read: +14 min

Experts have estimated that aviation is responsible for nearly 2% of global greenhouse-gas emissions and 2.5% of carbon-dioxide emissions. Some aviation giants, like United, are signing purchase agreements to buy electric aircraft. Today he serves as CEO and chairman of the company, which aims to be a pioneer in electric aircraft. In 2000 he founded Aviation Technology Group, which developed the ATG Javelin very light jet before ceasing operations in 2007. He is also a founding member of the Nordic Network for Electric Aviation.

Italia a constatat că Google nu a permis Enel X Italia să dezvolte o versiune compatibilă cu Android Auto a aplicației sale JuicePass. Sistemul de operarea Android Auto, prezent pe unele mașini, permite aplicațiilor să ruleze în timpul condusului, iar limitând utilizarea JuicePass, Google și-a favorizat propria aplicație, Google Maps. „Refuzând interoperabilitatea Enel X Italia cu Android Auto, Google a limitat în mod nedrept posibilitățile pentru utilizatorii finali de a utiliza aplicația Enel X Italia atunci când conduc și reîncarcă un vehicul electric”, a declarat autoritatea. "Google a refuzat să permită accesul JuicePass pe Android Auto în ultimii doi ani, ceea ce pune în pericol capacitatea aplicației Enel X de a acumula o bază de utilizatori". Acest lucru, a concluzionat autoritatea, a redus posibilitățile de alegere pentru consumatori și a constituit un obstacol în calea progresului tehnologic care ar putea influența dezvoltarea mobilității electrice.

Persons: Refuzând Organizations: Google, Uniunii Europene, Auto, Enel, Android Locations: Italia, Enel

☆ Google оштрафовали в Италии на 102 миллиона евро
▼ + stars: | 2021-05-13 | by ( Mld Media Srl | ) noi.md time to read: +1 min

В Италии регулятор оштрафовал техгиганта Google на 102 миллиона евро за злоупотребление монопольным положением, поскольку компания в течение двух лет ограничивала конкуренцию в пользу Google Maps. Итальянский регулятор заявил, что Google имеет доминантную позицию на рынке через установленный на смартфоны с операционной системой Android маркетплейс Google Play. Google не позволил приложению для электромобилей JuicePass работать на Android Auto, так как это позволяет использовать программы во время управления автомобилем. Благодаря JuicePass пользователи могут найти на карте зарядные станции для электрокаров и просматривать информацию о них. Кроме штрафа, Google обязали разрешить работу JuicePass на Android Auto.

Organizations: Google, Reuters Locations: Италия

☆ Marile probleme de mediu pe care le trăieşte lumea sunt şi ale noastre
▼ + stars: | 2020-12-16 | by ( ) capital.market.md time to read: +8 min

Mai grav e că deşeurile „consumă” viitorul, indiferent cui atribuim acest viitor: viitorul nostru, viitorul copiilor, viitorul planetei. Problema deşeurilor, însă, trebuie să fie privită prin prisma unor perspective care sunt mult diferite de realitatea noastră. Strategia propune regionalizarea managementului deşeurilor prin divizarea teritorială a ţării în 8 regiuni de management al deşeurilor. În acest fel, ciclul de viaţă al produselor este extins, iar pierderile se transformă din problemă în soluţie, din pierderi în venituri. Şi asta nu pentru că am fi obligaţi să respectăm careva mode, ci pentru că marile probleme de mediu pe care le trăieşte lumea sunt şi problemele noastre.

Persons: Deşi, Enel, Constantin Olteanu Organizations: Enel, The, Comisia Europeană Locations: Chişinău, Republica Moldova, Europa, UE, Regatul Unit al Marii Britanii, Italia, România, Spania, Europei

Search resuls for: "ENEL"

14 mentions found