Shipping companies raise huge sums in sustainability-linked credit facilities
Seaspan, Hafnia, Hapag-Lloyd, Euronav and Odfjell have all secured financing of approximately USD 1.5bn that is linked to meeting climate targets. This opens up for more access to capital, but also comes with increased reputation risks, the head of investor relations at Odfjell tells EnergyWatch's sister media ShippingWatch.
by dag holmstad, shippingwatch
Since the turn of the year, five major carriers have secured sustainable financing of approximately USD 1.5bn, according to an estimate produced by ShippingWatch.
EU must introduce requirements for local production in the wind industry, says Jupiter Bach’s CEO. Otherwise, Europe will lose production and the knowledge needed to regain its footing.
A manufacturing presence in North America is crucial, says the CEO on the return to the US, where the aim is 2.5GW per year using both Germany’s largest turbine and an as yet unknown product.
Under the new management, Jupiter Bach has transformed the business from huge losses to a profit. However, the chief executive admits that coincidence has played a significant part.
Norlys Energy Trading is currently investing in growth, but competition for the best people has never been so intense, says the head of the energy trading company.
In the midst of an arbitration case with back-and-forth claims over a record-breaking turbine order, an Indian project developer now sues Siemens Energy to prevent the manufacturer’s departure.
The political trend towards marginalizing China is dangerous, says Siemens Energy’s hydrogen chief, who is confident about the German company’s abilities despite the much cheaper Chinese plants.
EU must introduce requirements for local production in the wind industry, says Jupiter Bach’s CEO. Otherwise, Europe will lose production and the knowledge needed to regain its footing.