DeepOcean wins deal with Equinor: "By far the largest contract we have signed"
Thursday, November 21,2024,08:48
The two companies have signed a historically large eight-year maintenance contract. .. read more..
Vestas hires hundreds after inaugurating new blade production line in Taranto
Thursday, November 21,2024,07:31
In total, the V236 project will create approximately 1,300 new jobs at the factory. .. read more..
Sweden's FSA warns of several risks associated with new premium pension platform
Thursday, November 21,2024,06:53
Sweden’s financial watchdog warns that the new premium pension platform requires careful planning to avoid market manipulation. .. read more..
Swedish reform creates Darwinian struggle for smaller asset managers
Wednesday, November 20,2024,13:05
“Some of the smaller players with significant parts of their AUM on there will have to rethink their business,” says Evli Managing Director Kim Pessala. .. read more..
EU remains tight-lipped on new climate finance at COP29
Wednesday, November 20,2024,13:01
As the climate summit draws to a close, the EU continues to refuse to talk about concrete figures for climate funding. .. read more..
Defense Analyst: Future wind farms should double as surveillance centers
Wednesday, November 20,2024,12:10
The possibility of sabotage should kickstart surveillance efforts, says defense analyst Jens Wenzel Kristoffersen, who emphasizes that Russia has been mapping the Baltic Sea for many years. .. read more..
Stockholm-based alternatives manager said to shut down operations
Wednesday, November 20,2024,11:41
Swedish hedge fund manager Keel Capital is in the process of closing down its operations, writes Dagens Industri based on information is has received. The CEO of the company declines to comment. .. read more..
Sweden refuses to invest in ailing battery manufacturer
Wednesday, November 20,2024,11:28
However, the country’s deputy prime minister says Northvolt is important for both Sweden and the EU. .. read more..
Europe could miss the global wind party, say key players: “If everyone else i...
Wednesday, November 20,2024,10:10
It could cost Europe dearly that the region cannot speed up its wind construction or handle the threat from China. However, Vestas is returning home from the COP29 summit in Baku with renewed hope. .. read more..
Aktia hatches plans to expand business in Nordics and Latin America
Wednesday, November 20,2024,09:52
Latin American countries have very active pension investors, offering substantial growth potential, says Kati Eriksson, Executive Vice President for Asset Management at Aktia. .. read more..
Danish pension funds invest over USD 200m in sustainable development goals fund
Wednesday, November 20,2024,09:02
The fund is a new version of a previous fund established in 2018. .. read more..
Tangen applies for five more years as Oil Fund CEO: "It's the most meaningful...
Wednesday, November 20,2024,08:46
Norges Bank and the Ministry of Finance are currently on the lookout for the next CEO of NBIM, as Nicolai Tangen’s term ends in September next year. .. read more..
Aiming for a EUR 100 million top line: Former Maersk and Postnord executives ...
Wednesday, November 20,2024,08:06
Green Energy has relaunched with new owners. At the helm are CEO Martin Thaysen and Chairman Peter Kjær Jensen, who see great potential for easy and cheap CO2 reductions for transportation companies. .. read more..
California overwhelmingly votes "yes" to offshore wind
Wednesday, November 20,2024,07:41
During the US presidential election, the state’s citizens were also asked to vote on a package of climate initiatives. 59% voted in favor. .. read more..
12 companies pre-qualified to participate in French offshore wind tender
Wednesday, November 20,2024,07:38
The 12 pre-qualifiers include well-known companies such as RWE, TotalEnergies, Iberdrola and EDF. .. read more..
Four pension funds take part in first closing of Danish impact fund
Wednesday, November 20,2024,05:00
The Danish Investment Fund for Developing Countries (IFU) has reached its first closing with a total commitment of DKK 2.7bn (EUR 357.4m) for its Danish SDG Investment Fund II. .. read more..
Oil fund head of real assets steps down amid merger of investment units
Tuesday, November 19,2024,13:58
Mie Caroline Holstad is stepping down as Chief Investment Officer of Real Assets as the manager merges two departments. .. read more..
Danske Commodities signs balancing agreement for Swedish wind farm
Tuesday, November 19,2024,13:24
The Danish energy trader, which is owned by Equinor, is expanding its business in Sweden. .. read more..
Novo Holdings looking to US as target for green investments
Tuesday, November 19,2024,13:19
With billions of kroner to burn on the back of Novo Nordisk’s success, Novo Holdings is looking across the pond to make investments in the green sector. .. read more..
Industriens Pension co-owns solar farms worth DKK billions with struggling de...
Tuesday, November 19,2024,12:25
The pension company points out that the investments are made in fully developed solar farms and are therefore not directly affected by the negative development in Better Energy. .. read more..
Three more EU countries join hydrogen support scheme
Tuesday, November 19,2024,12:25
Spain, Lithuania and Austria are adding hundreds of millions of euros into the green hydrogen subsidization tied to the EU Hydrogen Bank. ”Denmark can and must join,” pleads industry director. .. read more..
CIP expands partnership in India
Tuesday, November 19,2024,10:30
A new investment in the range of USD 300m will secure an additional 2 GWp of renewable energy production in India. .. read more..
IFU nears first close of Fund II: We can deal with the real challenge of impa...
Tuesday, November 19,2024,09:52
Investing in the green transition in developing countries poses challenges, but the new SDG Fund II can overcome them, CEO Lars Bo Bertram tells AMWatch, as its first close approaches. .. read more..
German pension group picks Nordea for European equity mandate
Tuesday, November 19,2024,09:48
Nordea Asset Management will oversee a sustainability-focused European equity strategy on behalf of a public services pension group, Citywire Selector writes. .. read more..
Edda Wind's offshore service ships are getting busier
Tuesday, November 19,2024,09:26
Improved vessel utilization and more ships have resulted in increased revenue and operating profit for the wind company. .. read more..
AP7 retains stake in insurance company despite links to Russian shadow fleet
Tuesday, November 19,2024,08:47
Swedish pension fund AP7 is retaining its stake in Italian insurance company Generali on the grounds that no sanctions have been breached. .. read more..
Scatec will use income from divestments to pay off debt
Tuesday, November 19,2024,08:41
The chief executive denies that divesting hydro and wind power interests is a sign that the Norwegian energy developer will become a pure solar developer in the future. .. read more..
Ørsted loses US country director
Tuesday, November 19,2024,07:21
After five years with the Danish energy company, Ørsted Group EVP & CEO Americas David Hardy joins GE Vernova as Global Chief Commercial Officer, Wind. .. read more..
GE Vernova lays off employees after blade failures at Canadian factory
Tuesday, November 19,2024,07:20
Quality control at GE Vernova’s plant in Gaspé, Canada, did not live up to expectations. This has triggered layoffs, according to an industry media. .. read more..
Akademikerpension has over half a billion Danish kroner invested in tax havens
Tuesday, November 19,2024,06:55
Despite a policy of not supporting tax evasion, the pension fund has DKK 518m (EUR 69.4m) invested in Panama and Trinidad and Tobago. The head of responsible investing says no promises have been made. .. read more..
Swedish central bank governor says Russia, China and Iran are behind cyber at...
Monday, November 18,2024,13:14
According to Erik Thedéen, the frequent cyber attacks on Sweden’s financial system were state-backed. ”It is China, Russia and Iran that engage in those activities,” he says. .. read more..
Equinor returns drilling rig from Namibia to Norway
Monday, November 18,2024,12:45
”There is still a large remaining resource potential in our producing fields. We also see attractive exploration opportunities in Norway,” says Equinor EVP. .. read more..
Hydrogen industry: Europe must move fast to succesfully compete with China
Monday, November 18,2024,12:03
”As Europe, we are competing against China, the Middle East and the US,” stated NLHydrogen Chair Marcel Galjee at a recent convention. .. read more..
Danish pension funds commit to actively managed equities
Monday, November 18,2024,11:59
It doesn’t have to be significantly more expensive to invest actively than passively, if doing so internally, says Danica’s CIO, Poul Kobberup. .. read more..
Industriens Pension co-owns solar farms worth DKK billions with squeezed Bett...
Monday, November 18,2024,10:00
The pension company points out that the investments are made in fully developed farms and are therefore not directly affected by the negative development in Better Energy. .. read more..
Merging fund companies mix tradition and entrepreneurship, Lannebo CEO says
Monday, November 18,2024,09:38
The CEO of the Swedish independent fund company, Lannebo, has three focal points when implementing the recent merger with Öhman – clients, culture, and strategy, she tells AMWatch in an interview. .. read more..
Northvolt fails to achieve production targets
Monday, November 18,2024,09:35
The beleagured Swedish battery manufacturer has cut production, making it even harder to reach its goal of 100,000 batteries per week. .. read more..
Chief of finance leaves Vestas to take up similar position at solar energy co...
Monday, November 18,2024,09:21
Patrik Setterberg, CFO of Vestas Development, will take up his new position at the turn of the year. .. read more..
Formuepleje misses own return target for flagship product
Monday, November 18,2024,08:26
New co-owner enters at a time when Formuepleje’s new pricing structure will be put to the test. So far, Formuepleje has not delivered returns that trigger additional income for the asset manager. .. read more..
"I just laughed out loud": New development sparks controversy in complex case
Monday, November 18,2024,08:15
Denmark’s Energy Board of Appeal ruled in the spring in favor of seven companies that there was no legal basis for 20 offshore wind projects rejected within the now-closed open door scheme. .. read more..
Trump picks fracking boss as incoming US energy secretary
Monday, November 18,2024,07:53
Chris Wright calls climate activists alarmists and compares the Democrats’ climate efforts to Soviet communism. .. read more..
Siemens Energy CEO calls for higher efficiency in wind business
Monday, November 18,2024,07:44
Although it will happen later than the rest of the business, Siemens Gamesa must return to double-digit profit margins. ”Otherwise, we may not be the right owner,” says the CEO. .. read more..
French asset manager hires sales director for Nordics
Monday, November 18,2024,06:54
Natixis Investment Managers plans to deepen its commitment to the Nordics and the Netherlands, says Robert Koopdonk, Country Head of the Netherlands & Nordics. .. read more..
Nykredit reacts to profiled PM duo's exit with new hire and promotion
Friday, November 15,2024,13:05
Nykredit has made an internal promotion and poached a new team member from Danske to compensate for its Global Focus Equity team’s loss of two experienced portfolio managers. .. read more..
Danish energy trader aims for dominant role in US market
Friday, November 15,2024,12:40
Power trader Centrica entered the US market on Monday with a new data-driven tool. .. read more..
Siemens Gamesa is still undecided on India
Friday, November 15,2024,12:05
A departure from the Indian market remains an option for the turbine manufacturer, according to the parent company’s CEO. But the solution could also be to find a partner. .. read more..
Fund arm of Swedish pension giant joins climate initiative
Friday, November 15,2024,12:02
AMF Fonder has joined the Net Zero Asset Managers Initiative and aims to achieve net-zero emissions by 2050. ”We want to show that we as investors and owners take responsibility,” says CEO. .. read more..
Danish aviation players and CIP enter new collaboration on sustainable fuel
Friday, November 15,2024,11:22
SAS, Copenhagen Airports and Aalborg Airport are all part of the cooperation with Copenhagen Infrastructure Partners. .. read more..
KLP beats Nordic peers with an AUM growth of 5.0% in the third quarter
Friday, November 15,2024,09:33
Net flows from the usually fast-increasing external customer segment were lower than usual, while assets managed on behalf of pension firm KLP grew more than in previous quarters. .. read more..
Mandatum merges funds and prepares for future equity growth
Friday, November 15,2024,09:26
In the first three quarter of 2024, Mandatum’s net flow came very close to reaching its annual target, says Juhani Lehtonen, CIO and Interim Head of Institutional & Wealth Management. .. read more..