OSLO, NORWAY: BW Ideol has signed an agreement to acquire a 5% ownership in the 30MW EOLMED floating wind pilot project in the French Mediterranean. This investment confirms the company’s dual-track growth strategy as co-developer of floating wind projects and as floating foundation EPCI provider. BW Ideol and Qair have been cooperating on the project…
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Sanofi to acquire Austrian Origimm Biotechnology GmbH
VIENNA, AUSTRIA: Sanofi has entered into an agreement to acquire Origimm Biotechnology GmbH, a news release said. Origimm Biotechnology is an Austrian privately owned biotechnology company specializing in the discovery of virulent skin microbiome components and antigens from bacteria causing skin disease, such as acne. With this acquisition, Sanofi continues executing its global Play to…
Skitude Holding changes name to Canopy Holdings
OSLO, NORWAY: Skitude Holding AS announced the proposal to change name to Canopy Holdings AS to reflect the company’s multi-brand strategy across destinations, attractions and seasons. Reference is made to the 30 November 2021 summon to an Extraordinary General Meeting (EGM) in Skitude, where the company among others proposes to change name to Canopy Holdings….
Diana Shipping completes OceanPal spin-off
ATHENS, GREECE: Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the ownership of dry bulk vessels, announced that it has completed the spin-off of its wholly-owned subsidiary, OceanPal Inc., effective November 29, 2021. The Company’s shareholders received one OceanPal Inc. share for every 10 shares of Diana Shipping Inc. held on the…
Production start-up of the Yunlin offshore wind farm
PARIS, FRANCE: TotalEnergies announced the start of power generation from the first turbine of the Yunlin offshore wind farm in Taiwan. TotalEnergies joined this project, operated by wpd, with a 23% interest in May 2021 alongside EGCO Group and a consortium of Japanese investors led by Sojitz. The Yunlin offshore wind farm has a capacity…
TotalEnergies and Clean Energy begin construction of first biogas unit in Texas
PARIS, FRANCE: Through their joint venture, TotalEnergies and its U.S. partner Clean Energy are launching the construction of their first biomethane production unit, in Friona, Texas. The biomethane will be used as an alternative fuel for mobility, thus contributing to decarbonize road transportation. Located on the Del Rio Dairy farm, the facility will be fueled…
Azelis acquires Austrian food distributor, Neupert Specialities
BRUSSELS, BELGIUM: Azelis Group (BSE:AZE), a leading innovative service provider in the specialty chemicals and food ingredients industry, has acquired 100% of the shares of Neupert Specialities GmbH in Austria. Neupert Specialities is an established distributor specializing in food and health raw materials and ingredients in the local market. Established in 2011 and headquartered in…
Kingfish buys land for first production facility in U.S.
OSLO, NORWAY: The Kingfish Company purchased land for its new facility in Jonesport, Maine. Upon completion, the facility will serve as Kingfish’s first production facility in the U.S. as the company looks to replicate its successful operation in Europe and establish significant local sustainable seafood production for U.S. retailers and food service. The purchase follows…
Believe acquires 76% stake in India’s Think Music for €13mn
PARIS, FRANCE: Believe, one of the world’s leading digital music companies, has acquired Think Music, one of the leading in South India based music labels. Believe acquires control with an initial 76% stake in Think Music for c. €13 million. The valuation reflects the strong growth of the business. The current management team led by…
TotalEnergies launches its largest solar power plant in France
PARIS, FRANCE: TotalEnergies (NYSE:TTE) has launched its largest photovoltaic solar power plant in France, with a capacity of 55 megawatts (MW), a news release said. The solar farm, located northeast of Gien (Loiret), comprises 126,000 photovoltaic panels spread over 75 hectares. The plant will produce around 64 GWh per year, equivalent to the annual electricity…
Wallenius Wilhelmsen names Lasse Kristoffersen as new CEO
OSLO, NORWAY: The Board of Wallenius Wilhelmsen ASA has today named Lasse Kristoffersen as CEO. Kristoffersen will start in his new role no later than 1 June 2022. “We are very pleased to welcome Lasse Kristoffersen to Wallenius Wilhelmsen. With his background and experience, we are confident that he, together with our experienced team, will…
David B. Cook, CEO of Noreco, resigns
OSLO, Norway: Norwegian Energy Company ASA (Noreco) announced that the Chief Executive Officer, David B. Cook, and the Board of Directors have agreed his resignation from the Company effective today. Chief Financial Officer, Euan Shirlaw, will take on the formal role of Acting Managing Director in Noreco. “We would like to thank Mr Cook for…