German Investments – WBTS Forum http://wbts-forum.org/ Sat, 09 Oct 2021 15:06:10 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://wbts-forum.org/wp-content/uploads/2021/04/default1.png German Investments – WBTS Forum http://wbts-forum.org/ 32 32 German insurer takes 66% of Jubilee Insurance https://wbts-forum.org/german-insurer-takes-66-of-jubilee-insurance/ https://wbts-forum.org/german-insurer-takes-66-of-jubilee-insurance/#respond Sat, 09 Oct 2021 15:06:10 +0000 https://wbts-forum.org/german-insurer-takes-66-of-jubilee-insurance/ German insurer Allianz has acquired a majority stake in Ugandan insurance company Jubilee, making it the largest insurance group in the East African region. The acquisition follows an agreement with Jubilee Holdings Limited to sell 66% of the company’s short-term general activities (damages and liability) to the German insurer, in five East African countries including […]]]>

German insurer Allianz has acquired a majority stake in Ugandan insurance company Jubilee, making it the largest insurance group in the East African region.

The acquisition follows an agreement with Jubilee Holdings Limited to sell 66% of the company’s short-term general activities (damages and liability) to the German insurer, in five East African countries including Uganda , Kenya, Tanzania, Burundi and Mauritius.

According to Jubilee Insurance Regional Managing Director Julius Kipmg’tich, all approvals from the Insurance Regulatory Authority have been granted and the merged entity will now be awarded by Jubilee -Allianz General Insurance.

He said the new marriage, forged in September last year, will see increased risk-taking, due to a larger balance sheet, provided by majority shareholder, Allianz.

He added that service delivery, innovation and competition in the sector are expected to increase a notch given the arrival of a rich and experienced global player in the local market.

According to Kipmg’tich, Uganda boasts of a number of opportunities in minerals, oil and gas, agriculture and other natural resources, in addition to peace and stability, with a fast growing economy hence the need for partnerships to cover emerging risks.

“The potential of this economy is huge and the risks are therefore high, requiring coverage. This is why we have partnered with a bigger entity to be able to provide better service, ”he said at the launch of the partnership on Tuesday.

Allianz Africa Regional Managing Director Coenraad Vrolijk said the new team will focus on creating new products to improve insurance uptake in the country, beyond the 1% recorded.

He said that at present, there is a need to create low cost insurance products to trap the micro, small and medium enterprises (SMEs) that make up the bulk of Ugandan businesses.

German Ambassador Matthias Schauer praised the acquisition which he said will further increase the influence of German businesses and investments in the country.

He said the investment of around 100 million euros (sh413b) was by far the largest made by a German company in East Africa in the last century.

He said this investment is a testament to the good business environment in East Africa and Uganda’s vibrant economy with a growing middle class.

“As the economy grows more and more risks arise that require insurance to be purchased, and I’m happy to see a German company come into the country to do just that,” he said. .

Delphine Traoré, regional operations manager for Allianz Africa, said the global insurer was drawn to Uganda by the high standards of regulation in the sector.

“We have also been courted by the booming agricultural sector, the oil sector and many ongoing infrastructure projects in Uganda whose risks need to be covered,” she said.

She also referred to Uganda’s low penetration which she said is a big attraction for investors as it indicates good ground for investing.

She said the company will also focus on agricultural insurance, given that Uganda is one of the countries with a large part of arable land, where the need for microinsurance remains a key area of ​​growth.

The chief executive of the insurance regulator, Alhajj Ibrahim Kadunabbi Lubega, said the merger shows confidence in the Ugandan insurance sector and the bright future it holds.

He said the sector has continued to grow, despite economic disruptions linked to Covid-19, having recorded 19% growth in 2020.

“I am also happy that our high regulatory standards are paying off with the arrival of these great players. The growth of this market is unstoppable, ”he said.

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Weekly review of renewable mergers and acquisitions (Oct. 4-8) https://wbts-forum.org/weekly-review-of-renewable-mergers-and-acquisitions-oct-4-8/ https://wbts-forum.org/weekly-review-of-renewable-mergers-and-acquisitions-oct-4-8/#respond Fri, 08 Oct 2021 15:42:00 +0000 https://wbts-forum.org/weekly-review-of-renewable-mergers-and-acquisitions-oct-4-8/ October 8 (Renewables Now) – October 8 (Renewables Now) – Renewables Now has covered M&A stories on SunPower, KKR, RWE, Eni and others over the past week. Below is the full list: – Adani Green completes US $ 3.5 billion acquisition of SB Energy India Indian renewable energy developer Adani Green Energy Ltd (BOM: 541450) […]]]>

October 8 (Renewables Now) – October 8 (Renewables Now) – Renewables Now has covered M&A stories on SunPower, KKR, RWE, Eni and others over the past week. Below is the full list:

– Adani Green completes US $ 3.5 billion acquisition of SB Energy India

Indian renewable energy developer Adani Green Energy Ltd (BOM: 541450) said it has completed the $ 3.5 billion acquisition of SB Energy Holdings Ltd, which has a portfolio of approximately 5 GW of renewable energies in India.

Read more

– Obton sells Dutch 35 MW solar park to German investor CEE Group

Denmark-based investor and asset manager Obton A / S has announced that it has sold a nearly 35 MW solar farm in the Netherlands to German investment firm CEE Group.

Read more

– Green Hydrogen co Lhyfe raises 50 million euros to expand in France and abroad

French green hydrogen company Lhyfe has announced that it has raised 50 million euros as part of a Series A funding round led by SWEN Capital Partners and Banque des Territoires, with additional participation from its original investors .

Read more

– Statkraft acquires 346 MW of wind farms in Germany and France

Statkraft AS has purchased 346 MW of wind farms in Germany and France from wind farm operator Breeze Three Energy for an undisclosed amount.

Read more

– Scottish group ILI sells 50 MW battery storage project to Eelpower

Scotland-based clean energy developer Intelligent Land Investments Group (ILI Group) said it has finalized the sale of its 50 MW Fordtown battery storage project located in Kintore, Aberdeenshire.

Read more

– ERG purchases 152.4 MW of renewable energy in France and Germany

The local subsidiaries of the Italian energy company ERG SpA (BIT: ERG) acquire an operational wind and solar portfolio of 152.4 MW in France and Germany.

Read more

– Octopus Renewables buys 58.8 MW of wind farms in Poland

Octopus Renewables Infrastructure Trust plc (LON: ORIT) announced that it has purchased two wind projects in Poland with a combined capacity of 58.8 MW from German renewable energy developer PNE AG (ETR: PNE3).

Read more

– Spaniard Ignis secures € 625m in support from Egyptian EFG Hermes

Spanish renewable energy developer and energy trader Ignis Energy Holdings has agreed to sell an unspecified stake to Egyptian financial services firm EFG Hermes Holding SAE in exchange for a total investment of more than € 625 million, which will allow the development of its platform of more than 20 GW to continue. .

Read more

– Greenbacker takes over two solar projects at Colorado Airport

Greenbacker Renewable Energy Company LLC announced that it has acquired, through a wholly-owned subsidiary, two pre-operational solar projects at Denver International Airport in Colorado with a total capacity of 18.4 MW in direct current (DC).

Read more

– SunPower buys residential solar energy company Blue Raven and considers sale of CIS division

SunPower Corp (NASDAQ: SPWR) announced that it has acquired U.S. residential solar power provider Blue Raven Solar, while exploring strategic options for its own commercial and industrial solutions (CIS) company.

Read more

– KKR increases stake in Philippine IPP First Gen to 19.9%

An entity owned by global investor KKR & Co Inc (NYSE: KKR) will purchase additional shares in the First Gen Corporation of the Philippines (PSE: FGEN) which will increase its stake in the independent power producer to 19.9%.

Read more

– EOS IM to sell 32 MW solar and wind portfolio in Italy to French investor

EOS Investment Management (EOS IM) has agreed to sell a 32 MW portfolio of solar photovoltaic (PV) and wind farms in Italy to Prejeance Industrial, a French investor in renewable energies backed by Asterion Industrial Partners.

Read more

– Canadian company Westbridge purchases 221 MWp intermediate solar development in Texas

Canadian solar energy and energy storage developer Westbridge Energy Corporation (TSXV: WEB) has purchased a 221 MWp photovoltaic (PV) project in Texas, midway through development, from US sector player Aelius Solar Corp.

Read more

– SUNfarming obtains financing to purchase and build a Polish 20 MWp solar portfolio

German solar engineering company SUNfarming GmbH has secured financing for the acquisition and construction of a 20 MWp solar portfolio in Poland.

Read more

– European Energy purchases 85.8 MW wind and solar portfolio from Vattenfall

Danish wind and solar developer European Energy A / S has acquired an 85.8 MW portfolio of wind and solar assets from Swedish state-owned company Vattenfall AB.

Read more

– Takkion acquires US supplier of wind power operation and maintenance services Airway Services

U.S. logistics company Takkion TP&L Holdings LLC announced the acquisition of Airway Services LLC, a national provider of project management, operations and maintenance (O&M) services for large-scale wind power projects, for an undisclosed amount.

Read more

– Funds managed by Ares to buy a majority stake in Apex Clean Energy

The funds and other accounts managed by the Infrastructure and Power strategy of Ares Management Corporation (NYSE: ARES) have agreed to purchase a controlling stake in Apex Clean Energy.

Read more

– Plug Power, SK E&S to build a Korean Gigafactory via a new Asian JV

US turnkey hydrogen solutions provider Plug Power Inc (NASDAQ: PLUG) and SK E&S have set up an Asian joint venture with plans to build a “Gigafactory” in a key South Korean metropolitan area here. 2024.

Read more

– Babcock & Wilcox acquires 60% of solar EPC contractor Fosler

U.S. renewable, environmental and thermal energy technology provider Babcock & Wilcox Enterprises Inc (NYSE: BW) has completed the purchase of a 60% stake in solar contractor Fosler Construction Company Inc.

Read more

– Japan’s Eneos wants to buy JRE for $ 1.8 billion – report

Japan’s oil major Eneos Holdings Inc (TYO: 5020) plans to buy renewable facility developer and operator Japan Renewable Energy (JRE) in deal worth over 200 billion yen, reports the Nikkei.

Read more

– RWE and PPC Renewables Sign 2 GW Solar Joint Venture Agreement in Greece

German energy major RWE AG (ETR: RWE) and PPC Renewables, the green energy arm of Greek utility PPC SA (ATH: PPC), have signed an agreement to create a joint venture (JV) to develop up to 2 GW of solar energy projects in Greece.

Read more

– Bridgelink Engineering acquires renewable energy construction group BCR

US Bridgelink Engineering LLC strengthens its Engineering, Procurement and Construction (EPC) portfolio with the acquisition of BCR Companies, a national provider of civil and mechanical engineering services for solar and wind projects.

Read more

– Dhamma Energy completes the sale of its Spanish and French solar business to Eni

The co-founders of Dhamma Energy, an independent producer of solar energy (IPP) based in Madrid, have completed the transfer of its Spanish and French activities to the Italian oil and gas company Eni SpA (BIT: ENI).

Read more

– Raizen from Brazil to form DG Renewable Energy Joint Venture

Brazilian sugar and ethanol producer Raizen SA (BVMF: RAIZ4) and its subsidiary Raizen Energia SA will establish a joint venture (JV) with local energy company Grupo Gera to develop and operate distributed generation power plants (DG) , in particular based on renewable energies.

Read more

– Fortescue Future Industries invests in Dutch thin-film solar energy company and H2 HyET

Australian Fortescue Future Industries (FFI) has taken a 60% stake in Dutch company High Yield Energy Technologies (HyET) Group to support its ambition to deliver 15 million tonnes of green hydrogen to the world by 2030.

Read more

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GP JOULE inaugurates a 90 MW solar park in eastern Germany https://wbts-forum.org/gp-joule-inaugurates-a-90-mw-solar-park-in-eastern-germany/ https://wbts-forum.org/gp-joule-inaugurates-a-90-mw-solar-park-in-eastern-germany/#respond Thu, 07 Oct 2021 09:08:00 +0000 https://wbts-forum.org/gp-joule-inaugurates-a-90-mw-solar-park-in-eastern-germany/ October 7 (Renewables Now) – German energy solutions company GP JOULE GmbH has started building a 90 MW solar farm in Brandenburg State that will be part of the Lausitz Power Park with a planned total solar capacity of 300 MW. The North Klettwitz solar park will consist of 183,000 panels installed on a former […]]]>

October 7 (Renewables Now) – German energy solutions company GP JOULE GmbH has started building a 90 MW solar farm in Brandenburg State that will be part of the Lausitz Power Park with a planned total solar capacity of 300 MW.

The North Klettwitz solar park will consist of 183,000 panels installed on a former slag heap in the village of Klettwitz, in eastern Germany, GP JOULE announced on Wednesday. The installation will be commissioned in spring 2022.

In addition to Klettwitz Nord, the Lausitz energy park will include two other solar farms. Construction work on the Klettwitz Sued farm will begin early next year, while planning for the Hochkippe Sallgast park progresses. The three installations will have a combined capacity of 300 MW and the clean electricity produced by the energy park will be fed into the public grid, supplied to direct consumers and used for the production of green hydrogen for local industry and electric mobility.

The project, billed as one of the largest solar installations in Germany, was approved by local municipal authorities in December 2020. It is owned by GP JOULE in cooperation with project developer Steinbock EE and investment company in renewable energies Terravent Investments.

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DWS orders re-investigation into greenwashing allegations https://wbts-forum.org/dws-orders-re-investigation-into-greenwashing-allegations/ https://wbts-forum.org/dws-orders-re-investigation-into-greenwashing-allegations/#respond Wed, 06 Oct 2021 18:44:47 +0000 https://wbts-forum.org/dws-orders-re-investigation-into-greenwashing-allegations/ Deutsche Bank’s asset management unit is starting a new review of whistleblower green laundering allegations, as regulatory investigations in the United States and Germany continue. DWS Group has hired U.S. law firm Sullivan & Cromwell to perform a new assessment of the allegations, according to people familiar with the matter who asked not to be […]]]>

Deutsche Bank’s asset management unit is starting a new review of whistleblower green laundering allegations, as regulatory investigations in the United States and Germany continue.

DWS Group has hired U.S. law firm Sullivan & Cromwell to perform a new assessment of the allegations, according to people familiar with the matter who asked not to be identified to discuss private information.

The move comes as the United States Securities and Exchange Commission, German watchdog BaFin and the United States Department of Justice are investigating DWS over claims made by its former chief sustainability officer, Desiree Fixler.

DWS has engaged the law firm to represent it in its dealings with the SEC, and the scope of the assessment goes beyond Ms. Fixler’s allegations, one person said.

Investors learned just over a month ago that regulators were investigating DWS, which fired Ms Fixler just before releasing an annual report containing environmental, social and governance figures that she said were exaggerated. The case sent shockwaves through the asset management community as the industry wakes up to a more aggressive regulatory environment after years of unhindered growth in the ESG market.

DWS, which has consistently dismissed the allegations, initially brought in PricewaterhouseCoopers to conduct a review which found the fund manager had not engaged in greenwashing. A spokesperson for DWS declined to comment.

DWS also hired PwC earlier in the year to complete an “ESG advisory business project” while Ms Fixler was still at the company, she told Bloomberg in a message. A spokesperson for PwC declined to comment.

BaFin has contacted Deutsche Bank, which owns around 80% of the investment unit, about the role played by the lender’s chairman, Karl von Rohr.

Bloomberg reported. Mr. Von Rohr chairs the Supervisory Board of DWS and as such has approved the annual report which is currently under investigation for suspected greenwashing.

Mr Von Rohr helped make PwC’s assessment mandatory after Ms Fixler sent him an email outlining his allegations shortly after his dismissal in March, Bloomberg reported.

DWS cited the PWC report as a defense when it responded to a Wall Street Journal article in early August that first reported Ms. Fixler’s allegations.

He has since stopped referring to the assessment in his public communications, although the spokesperson declined to say why.

Allegations of greenwashing have put DWS and Deutsche Bank on the defensive as they attempt to promote themselves as champions of sustainability. Deutsche Bank CEO Christian Sewing has made it clear that he wants the company to take the lead in the $ 35 trillion ESG market as a key path to achieving revenue growth.

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New facility creates jet fuel from water https://wbts-forum.org/new-facility-creates-jet-fuel-from-water/ https://wbts-forum.org/new-facility-creates-jet-fuel-from-water/#respond Tue, 05 Oct 2021 16:32:43 +0000 https://wbts-forum.org/new-facility-creates-jet-fuel-from-water/ “The era of burning coal, oil and natural gas is coming to an end.” Hydrofuel The German government has just performed a groundbreaking ceremony at a new facility designed to manufacture jet fuel using only water, carbon dioxide and electricity. The new facility is part of a government initiative to reduce greenhouse gas emissions by […]]]>

“The era of burning coal, oil and natural gas is coming to an end.”

Hydrofuel

The German government has just performed a groundbreaking ceremony at a new facility designed to manufacture jet fuel using only water, carbon dioxide and electricity.

The new facility is part of a government initiative to reduce greenhouse gas emissions by trying to make the aviation industry cleaner, The Associated Press reports. Synthetic kerosene is created by mixing the hydrogen in water with atmospheric carbon dioxide, using electricity from nearby wind farms. This allows it to ultimately function as a carbon neutral fuel as it only emits the same greenhouse gases that were originally purged from the environment for use as a reactant.

Cleaner air

The German government is celebrating the new facility as a step towards eliminating the 2.5% of global greenhouse gas emissions that come from air transport.

“The era of burning coal, oil and natural gas is drawing to a close,” German Environment Minister Svenja Schulze said at the ceremony for the new plant, according to the statement. PA. “At the same time, no one should have to sacrifice the dream of flying. That is why we need alternatives to conventional and climate-damaging kerosene.

But this time could still last a little longer. The facility can only produce about eight barrels of synthetic fuel per day, depending on the PA, which is enough to refuel a small airliner every three weeks. In contrast, commercial airlines used a total of 95 billion gallons of fuel in 2019.

Still, it is promising to see major investments in cleaner aviation technology. If it ever grows to a useful degree, it could make a huge difference in the fight against climate change.

READ MORE: New plant in Germany aims to reduce aviation’s carbon footprint [Associated Press]

Learn more about jet fuel: This scientist says he built a jet engine that turns electricity directly into thrust

Would you like to support the adoption of clean energy? Find out how much money (and the planet!) You could save by switching to solar power at UnderstandingSolar.com. By registering through this link, Futurism.com may receive a small commission.

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Prepare for a comeback in biotech mergers and acquisitions https://wbts-forum.org/prepare-for-a-comeback-in-biotech-mergers-and-acquisitions/ https://wbts-forum.org/prepare-for-a-comeback-in-biotech-mergers-and-acquisitions/#respond Mon, 04 Oct 2021 19:26:30 +0000 https://wbts-forum.org/prepare-for-a-comeback-in-biotech-mergers-and-acquisitions/ Biotech buyouts come and go, and space has been in ebb mode for some time now. But RBC Capital Markets is seeing a revival. Mergers and Acquisitions (M&A) will be strong as large pharmaceutical companies seek to rebuild their innovation portfolios with cutting edge small business science, predicts Brian Abrahams, RBC CEO and co-head of […]]]>


Biotech buyouts come and go, and space has been in ebb mode for some time now. But RBC Capital Markets is seeing a revival. Mergers and Acquisitions (M&A) will be strong as large pharmaceutical companies seek to rebuild their innovation portfolios with cutting edge small business science, predicts Brian Abrahams, RBC CEO and co-head of equity research in biotechnology
.

A recent wave of announced multi-billion dollar deals is encouraging him, and he expects the same to be true, according to a research note. Much of the M&A activity this year has been smaller and focused on oncology. “We continue to see significant capital ready for deployment and a record number of public biotechs ready for a recovery, he writes.

One of the most notable offers announced in September Merck & Co.’s $ 11.5 billion decision to acquire Acceleron Pharma Inc. Acceleron’s drug to treat Pulmonary arterial hypertension, a rare and sometimes fatal cardiovascular disease, is the subject of phase 3 trials. Also last month, France’s Sanofi reached an agreement to buy Kadmon Holdings, which seeks to develop treatments for the immune and lung diseases, for $ 1.9 billion. And private equity actor Advent International has announced the $ 8.1 billion buyout of Swedish blood disease specialist Orphan Biovitrum.

Moody’s has named Merck, Johnson & Johnson and Bristol Myers Squibb as the top likely acquirers, due to their need to expand their pipelines. Vertex Pharmaceuticals, Biogen and Gilead Sciences are also looking for buyout targets, RBC says.

Biotech mergers and acquisitions has been erratic for some time now. It collapsed badly in the first half of 2020 in the middle of the onset of the pandemic, and then increased dramatically over the remaining six months. In the first two quarters of this year, transactions slowed further, although they exceeded those of the similar period of the previous year, totaling $ 21.1 billion from $ 17.6 billion.

Biotechnology has long been a quirky field, full of promise, an occasional medical miracle, but also disappointments. The The iShares Biotechnology exchange-traded fund (ETF) had climbed this year, but collapsed in August and has fallen almost 10% since then, which has stabilized its performance since the start of the year. As more biotech companies go public this year, there are also concerns that the Food and Drug Administration (FDA) is taking too long to rule on drug permits.

The alliance between Pfizer Inc. and German biotechnology company BioNTech, to develop a COVID-19 vaccine, is another model that could be used and, if so, could temper M&A activity, Abrahams says. Pfizer did not buy out the smaller company or take a stake in it.

However, the desire to acquire is too strong to retain buyers for long, he argues. And that could lead to a “sustained rally in the space” of biotech stocks, he argues.

Related stories:

Do you think mergers and acquisitions are all the rage now? Wait for the tax effect, says Schwarzman

Tax change fears record M&A boost in Q1

Private equity firms expect wave of mergers and acquisitions in H2 2021

Keywords: acquisitions, BioNTech, biotechnology, iShares Biotechnology ETF, M&A, Merck, Pfizer, RBC Capital Markets, Sanofi, vaccine

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Hamburg to highlight hydrogen sector at World Hydrogen Congress https://wbts-forum.org/hamburg-to-highlight-hydrogen-sector-at-world-hydrogen-congress/ https://wbts-forum.org/hamburg-to-highlight-hydrogen-sector-at-world-hydrogen-congress/#respond Sun, 03 Oct 2021 20:16:07 +0000 https://wbts-forum.org/hamburg-to-highlight-hydrogen-sector-at-world-hydrogen-congress/ The city of Hamburg is hosting a booth at the on-going Main World Hydrogen Congress in Amsterdam from October 4-6, 2021 to highlight opportunities for the industry in Hamburg and northern Germany. The congress covers the entire hydrogen value chain, from regulation, policy, production, transportation, distribution, storage to end users, applications and demand. More than […]]]>

The city of Hamburg is hosting a booth at the on-going Main World Hydrogen Congress in Amsterdam from October 4-6, 2021 to highlight opportunities for the industry in Hamburg and northern Germany. The congress covers the entire hydrogen value chain, from regulation, policy, production, transportation, distribution, storage to end users, applications and demand. More than 800 delegates are expected at the round tables.

Hamburg becomes the European hydrogen center

Michael Westhagemann, Senator for the Economy, underlined: “Hamburg has set itself the goal of becoming a European center for green hydrogen and has great advantages given the existing industry and the links with offshore wind. . However, the European hydrogen industry must cooperate closely to be successful. “That is why I am delighted that Hamburg is participating in the World Hydrogen Congress.” Dr. Rolf Strittmatter, Managing Director of Hamburg Invest, who organized the stand, commented: “We want to highlight the potential of our city and that of northern Germany and seek discussions with other global stakeholders during the congress in Amsterdam. Green hydrogen as a carrier energy will have a huge impact on Hamburg’s business sector, including logistics, industry or mobility. “

Huge potential for Hamburg and northern Germany

Northern Germany and Hamburg are particularly suited to a green hydrogen sector, according to the Organization for Economic Co-operation and Development (OECD). The region has enormous potential in terms of the production and storage of renewable energies and the purchase of hydrogen, particularly from local businesses. Hamburg plays a key role in achieving Germany’s climate protection and energy transition goals. The Port of Hamburg is an ideal logistics hub for the import and distribution of hydrogen across Germany and Europe. Solutions and projects along the entire value chain already exist in Hamburg, which is also stimulating the decarbonization of industry and the development of the hydrogen sector.

Promote hydrogen projects

Hamburg-based companies Airbus, ArcelorMittal, Gasnetz Hamburg, GreenPlug, Hamburger Hafen und Logistik AG, Hamburg Port Authority, HADAG Seetouristik und Fährdienst and Stadtreinigung have joined forces with the Green Hydrogen Hub, made up of Shell, Mitsubishi Heavy Industries (MHI ) and Wärme Hamburg, to form the Hydrogen Verbund Hamburg. The alliance is part of a major campaign by the German government. Some 62 projects across Germany receive € 8 billion in funding from the Ministry of Economy and Transport and the Länder. Around 520 million euros of all funds will go to the sector in Hamburg while the total investment amounts to 1.6 billion euros.

The states of Hamburg, Lower Saxony, Schleswig-Holstein, Mecklenburg-Western Pomerania and Bremen have launched the Hydrogen Alliance HY-5 at the initiative of the North Chamber of Commerce (IHK North). The initiative, which is supported by the five economic development organizations in these states, aims to make northern Germany a booming hydrogen region in central Europe. Solutions are being developed throughout the green hydrogen value chain. The World Hydrogen Congress will present all kinds of hydrogen projects to a large European audience.
tn / pb

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Bundesliga: Fredi Bobic has his work cut out for him at the perennial crisis club Hertha Berlin | Sportsman | German football and major international sports news | DW https://wbts-forum.org/bundesliga-fredi-bobic-has-his-work-cut-out-for-him-at-the-perennial-crisis-club-hertha-berlin-sportsman-german-football-and-major-international-sports-news-dw/ https://wbts-forum.org/bundesliga-fredi-bobic-has-his-work-cut-out-for-him-at-the-perennial-crisis-club-hertha-berlin-sportsman-german-football-and-major-international-sports-news-dw/#respond Sat, 02 Oct 2021 20:08:38 +0000 https://wbts-forum.org/bundesliga-fredi-bobic-has-his-work-cut-out-for-him-at-the-perennial-crisis-club-hertha-berlin-sportsman-german-football-and-major-international-sports-news-dw/ Hertha Berlin 1-2 Freiburg(Piatek 70 ‘- Lienhart 17’, Petersen 78 ‘)Olympic stadium, Berlin “Something is wrong or I wouldn’t be here,” said new Hertha Berlin sporting director Fredi Bobic in an interview with Kicker magazine at the beginning of the week. Everything that went wrong at Hertha was again evident on Saturday, as Hertha lost […]]]>

Hertha Berlin 1-2 Freiburg
(Piatek 70 ‘- Lienhart 17’, Petersen 78 ‘)
Olympic stadium, Berlin

“Something is wrong or I wouldn’t be here,” said new Hertha Berlin sporting director Fredi Bobic in an interview with Kicker magazine at the beginning of the week.

Everything that went wrong at Hertha was again evident on Saturday, as Hertha lost 2-1 at home to Freiburg amid whistles and boos from sections of the home crowd.

It was already a fifth defeat in seven Bundesliga appearances this season and, following a 6-0 loss to RB Leipzig last week, the pressure on head coach Pal Dardai is even higher.

“I’m not hanging on to my job, I’m just helping,” Dardai said after Hertha lost their first three games. “Hertha has probably been looking for a great trainer for a long time. Pal is a nice little trainer.”

Hardly an inspiring call to arms from the 45-year-old Hungarian, and not one that has been well received higher up in the Hertha hierarchy.

“It was an emotional outburst that was not appropriate for someone in a position of responsibility,” said Bobic. Kicker, although he insisted after the loss to Freiburg that Dardai’s work was not in danger “because the performance was generally correct, although the result was not. I still have saw a lot of positives. “

‘Just help’: Hertha coach Pal Darbai doesn’t make a convincing figure

Big City Club: take two

But Dardai’s comments reflect the uncertainty around his own position and even around the club at the start of Hertha’s second restart attempt since the arrival of investor Lars Windhorst.

Millionaire Windhorst, 44, has injected 374 million euros ($ 450 million) into Hertha since June 2019, in exchange for 66.6% control of the company that runs the club’s professional football division – although majority voting rights remain with club members in accordance with the 50 +1 rule.

Windhorst wants to transform Hertha from the unspectacular “old lady” of German football into a “Big City Club” representing Berlin in the Champions League. A first take-off attempt under the guidance of former head coach Jürgen Klinsmann was aborted amid chaotic scenes, before general manager and club legend Michael Preetz was also sacked.

“A lot of things haven’t worked out as well as Hertha would have liked, both on the pitch and in terms of the club’s external image,” said Bobic. “It’s my job to change things. But it will take time. It was no different in Frankfurt in 2016.”

Bobic was a controversial Eintracht Frankfurt appointment five years ago, but ultimately led the Eagles from the relegation playoffs to Cup glory, and a Europa League final penalty. On his first day at Hertha, he said: “There is a lot to do.

Fredi Bobic wants to see a winning mentality from his Hertha Berlin players

Fredi Bobic wants to see a winning mentality from his Hertha Berlin players

Bobic changes the mindset

It’s still early days for Bobic in Berlin, but his first moves in the transfer marker still raised eyebrows. In Matheus Cunha (€ 30m at Atletico Madrid), Jhon Cordoba (€ 20m at Krasnodar) and Dodi Lukebakio (loaned to Wolfsburg), Bobic immediately dropped three of Hertha’s four top scorers from last season. Or, as he sees it: “None of them hit double digits.”

Bobic was not happy with the raw statistics, but rather with the less quantifiable attributes: “Mindset: total sacrifice and the willingness to invest their qualities in the team.”

And while her spending has had fans scratching their heads, Hertha’s approach to signing replacements has, too. Announcing the arrival of Myziane Maolida from Nice, the club’s social media service produced a graphic featuring a loading bar that was “22%” full, suggesting more business was to come. This was not the case.

Kevin-Prince Boateng

Street footballer: Kevin-Prince Boateng

Street football in Berlin

In any other club, such banality would quickly be forgotten. But at Hertha, it was just another blunder to add to previous marketing slogans like the infamous “We Try. We Fail. We Win”, and reinforce the image of a club that is still trying to figure it out. that it is.

Bobic hopes that Maolida, along with Suat Serdar (€ 8m from Schalke), Marco Richter (€ 7m from Augsburg) and Jurgen Ekkelenkamp (€ 3m from Ajax) can help establish a new ” DNA Hertha “, which he believes is best embodied by Kevin-Prince Boateng, the nomadic brother of German World Cup winner Jerome, is back at his home club for the first time since 2007.

“We have street footballers in Berlin and we want them to bring their mentality from the streets to the pitch,” said Bobic. Kicker. “You see it with Kevin-Prince Boateng. He doesn’t do things by intuition. And we have a huge pool of talent in Berlin that we can fish out of.”

Windhorst: “I will never give up”

Trendy “Big City Club”, hip “Berlin Start-Up” and now street footballers – Hertha’s latest attempt at revolution. But at least Bobic has a pedigree, and at least he will have time, although Windhorst’s patience surely won’t last forever.

“It certainly shouldn’t take five to ten years, but rather two to five,” the investor said in a recent interview with the Süddeutsche Zeitung, and did not rule out injecting even more money. “My goal is to get Hertha to the top and if further investments need to be made for that, I will provide the funds. I will never give up.”

“We speak on the phone regularly and meet often,” Bobic said of his own relationship with Windhorst. “I think it’s great that he wants to succeed. We all want to. What bothers me – and I don’t mean Lars Windhorst – is the general commotion and the constant questions: when is the will it finally start?

“We are trying to launch a new development. It cannot be done with the snap of a finger. It takes time.”

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The best teams to manage in FIFA 22 career mode https://wbts-forum.org/the-best-teams-to-manage-in-fifa-22-career-mode/ https://wbts-forum.org/the-best-teams-to-manage-in-fifa-22-career-mode/#respond Sat, 02 Oct 2021 08:17:44 +0000 https://wbts-forum.org/the-best-teams-to-manage-in-fifa-22-career-mode/ Looking for inspiration for FIFA 22 career mode? Want to spice up your managerial life? We’ve compiled a list of teams you should consider managing in FIFA 22, including some great historical and rag-and-riches stories. In FIFA 22 Career Mode, you can become the manager of your childhood club, or the greatest team on the […]]]>

Looking for inspiration for FIFA 22 career mode? Want to spice up your managerial life? We’ve compiled a list of teams you should consider managing in FIFA 22, including some great historical and rag-and-riches stories.

In FIFA 22 Career Mode, you can become the manager of your childhood club, or the greatest team on the planet. The world is your oyster, and you can make the decisions to see your side reach new heights.

It’s one thing to run the same club every year. But if you want to spice things up, we’ve got a roster of clubs at different levels that can bring some new challenges to your next managerial career save.

High level clubs

Manchester United

  • League: Premier League (ANG 1)
  • Transfer budget: $ 224,506,960
  • Expectations of the Board of Directors: Raised at home and in Europe

After a busy transfer window signing Cristiano Ronaldo, Jadon Sancho and Raphael Varane, if you want to play with one of the best midfielders in Europe, you’ll need to start as Manchester United in your FIFA 22 career mode save. .

Their squad is one of the strongest in the Premier League, and you have a sizable transfer budget of $ 224million to play with in your first window. It’s good to use it to scout and start youth academies, but it also allows you to compete for Kylian Mbappe.

On the bench, there are also very solid young players to develop. Hannibal Mejbri (CAM) and Shola Shoretire (RM) both have grown for over 20 years, making them excellent prospects for the future. Mason Greenwood (RM) still has a pretty insane potential of 89, and Dean Henderson (GK) at 87 can very quickly step into De Gea’s boots.

Paris Saint Germain

  • League: Ligue 1 Uber Eats (FRA 1)
  • Transfer budget: $ 188,814,336
  • Expectations of the Board of Directors: The absolute highest

PSG FIFA 22 Career Mode

If there’s one club that has made bigger moves than United this summer, it’s PSG. They signed Lionel Messi, for the love of God, and much more. Not only that, but with Angel Di Maria, Neymar Jr and Kylian Mbappe battling to begin with, there is a lot to choose from.

But it does not stop there for PSG. Donnarumma is a shining star for the future at net, while Achraf Hakimi is one of the best RBs on FIFA 22.

As for the future prospects, PSG do not have much. Xavi Simons (CM) and Edouard Michut (CM) will both reach potentials above 80, and Nuno Mendes (LWB) will drop from 78 to 88. However, you may want to consider investing in youth academies with your transfer budget to really strengthen this team, which is aging in certain roles.

FC Barcelona

  • League: LaLiga Santander (SPA 1)
  • Transfer budget: $ 153,444,960
  • Expectations of the Board of Directors: The absolute highest

Barcelona FIFA 22 Career Mode

Ignoring the irony of Barcelona’s low financial priorities, after losing franchise star Lionel Messi, the Catalans will fight back this year. They got Sergio Aguero back on a free transfer, along with Memphis Depay, but there are a few holes in the squad now.

Antoine Griezmann has been loaned out and Emerson Royal is now on Spurs’ books. With $ 153 million in the bank, there’s room to make some big signings in FIFA 22 to help Frenkie de Jong, Ter Stegen and Ousmane Dembele.

The young duo of Pedri (CM) and Ansu Fati (LW) will also become beasts in a year with more than 90 Potentials, so the future is bright for Barcelona – at least in FIFA.

Borussia Dortmund

  • League: Bundesliga (GER 1)
  • Transfer budget: $ 74,502,712
  • Expectations of the Board of Directors: Raised at home and in Europe

Borussia Dortmund FIFA 22 Career Mode

With Haaland to build on, Dortmund has a lot of potential for a FIFA 22 Career Mode save. Of course, he’s not the only player on the squad, but he’s the star of a squad that has almost aged. .

Dortmund’s budget is much lower than that of its rivals; enough for a big signing and that’s it. It might be worth running with the current (but somewhat aging) squad for a season or two to get the most out of Hummels, Reus and Witsel. Then, with the right investment in youth picks, they can start fleshing out the top 11 once they’re gone.

Besides pre-existing signings like Jude Bellingham (CM), Giovanni Reyna (CAM) and Reinier (CF), there are prospects for the future ⁠ – including two players from 20+ Growth. However, a youth academy to find winger and full-back replacements is essential.

Mid-table sides

Sassuolo

  • League: Serie A (ITA 1)
  • Transfer budget: $ 15,944,750
  • Expectations of the Board of Directors: Relatively weak

Sassuolo FIFA 22 Career Mode

Sassuolo might not have the greatest reputation in Italian football, but his team in FIFA 22 is an absolute gem to build.

Giacomo Raspadori (ST) and Gianluca Scamacca (ST) form a pair around which you can build franchises. With both reaching 84+ Potential and only at the age of 21 and 22 respectively, you should aim to keep them for as long as possible.

There are also plenty of other potential picks from over 80s in the squad, including Domenico Berardi (RW), Jeremie Boga (LW) and Hamed Junior Traoré (CAM). If you can find a few young substitutes in defense, you can create a champion outfit in Sassuolo.

AFC Bornemouth

  • League: EFL Championship (ENG 2)
  • Transfer budget: $ 13,888,600
  • Expectations of the Board of Directors: Aim for promotion

Bournemouth FIFA 22 Career Mode

After narrowly missing a return to the Premier League at Brentford, Bournemouth is going through a phase of rebuilding in the league. This means that as a manager in Career Mode in FIFA 22, you can come in and make some big calls to help them out.

The remarkably young squad will have a handful of great picks both in the starting 11 and on the bench, you will find great use in a save. Morgan Rogers (LW) is one to watch out for though, with a potential 84 making him a star of the future and one up for sale for big bucks.

You won’t need to invest too much in Bournemouth in your first season ⁠ – the squad should continue to grow thanks to their average age of around 20. However, a few years later you can sell these players for great prospects with higher potential and cement a place in the Premier League for years to come.

UD Almeria

  • League: LaLiga Smartbank (SPA 2)
  • Transfer budget: $ 12,797,700
  • Expectations of the Board of Directors: Aim for promotion

UD Almeria FIFA 22 Career Mode

Almeria has been close to promotion over the last two seasons of LaLiga Smartbank, and it could be a charm for the third time around if you pick them up for a FIFA 22 career mode save.

Their pre-existing squad is already full of great talent that you can take into the top flight including Alex Centelles (LB), Lucas Robertone (CAM), Largie Ramazani (RM) and Samuel Costa (CDM) all with a potential of 82+. .

The team suffers from a depth issue up front and into the net ⁠ – and goalkeepers being a key part of FIFA 22, it will be worth investing in that first so you can earn some promotion easily.

Toulouse FC

  • League: Ligue 2 BKT (FRA 2)
  • Transfer budget: $ 7,901,280
  • Expectations of the Board of Directors: Relatively weak

Toulouse FIFA 22 Career Mode

With a small budget and low expectations of Toulouse FC, you can spend a season or two in Ligue 2 really building this squad to bring glory back to the region.

There are decent players to grow up including Anthony Rouault (CB), Isak Pettersson (GK), Moussa Diarra (LWB) and Yanis Bergraoui (RM). However, you will need to make significant investments up front with a new attacker and sets of winger. You can enter the free agent market for this if you want, or search for a good deal.

There are also a good number of players that you can offload after developing them with decent growth stats, which can slightly increase the transfer budget for some big moves once promoted to Ligue 1.

From rags to wealth

City of Ipswich

  • League: EFL League One (ENG 3)
  • Transfer budget: $ 3,106,426
  • Expectations of the Board of Directors: Aim for promotion

Ipswich Town FIFA 22 Career Mode

Ipswich Town has surprising potential for a third division team. Louie Barry (ST) is a buildable franchise player with a maximum potential of 84. However, it’s not just him, George Edmundson (BC) and Rekeem Harper (CM) also reaching 75 and over.

There’s a decent level of depth and growth in all of the roles in Ipswich Town, but if you can find a cheap RB to sign your first season (Wolfsberger AC’s Amar Dedic is a good option) and invest the rest of the budget transfer into the youngsters, you have a great chance to climb quickly in the Premier League.

TSV 1860 Munich

  • League: 3. Liga (GER 3)
  • Transfer budget: $ 1,849,011
  • Expectations of the Board of Directors: Aim for promotion

TSV 1860 FIFA 22 Career Mode

Speaking of high potential third division teams, if you want to move up the German ranks, then the TSV 1860 Munchen is for you. With plenty of young stars with potential over 70, you’ve got a squad waiting for you to step up to Division 2, sell, brush up and push back in the Bundesliga.

Players like Fabial Greilinger (LM) and Dennis Dressel (CM) will become excellent rotational players once you reach the heights of German football, but you need to make sure to turn some of the young prospects into the 2- First 3 years to increase your transfer budget.

Town of Swindon

  • League: EFL League Two (ENG 4)
  • Transfer budget: $ 1,804,245
  • Expectations of the Board of Directors: Relatively high

Swindon Town FIFA 22 Career Mode

Under new leadership in real life, Swindon Town could be the greatest story of riches if you collect them in FIFA 22. There isn’t much for them on the roster right now, although Alex Gilbert (LW ) and Kaine Kesler (RB) will eventually become championship level players.

The focus will be on promoting to League One and building the squad from there with a new batch of young players with a few free agent signings to fill in the glaring holes (mostly in the GK and fullback positions) .

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Will BMW’s hydrogen cars challenge Tesla’s electric vehicles? https://wbts-forum.org/will-bmws-hydrogen-cars-challenge-teslas-electric-vehicles/ https://wbts-forum.org/will-bmws-hydrogen-cars-challenge-teslas-electric-vehicles/#respond Fri, 01 Oct 2021 15:15:00 +0000 https://wbts-forum.org/will-bmws-hydrogen-cars-challenge-teslas-electric-vehicles/ A a change in the German political regime could tip the scales when it comes to building an ecosystem for cars powered by a hydrogen fuel cell. Local automakers are hedging bets on both technologies, and investors are rewarding companies like BMW [BMW.DE] for that. BMW’s share price has gained around 20% through 2021, unlike […]]]>

A a change in the German political regime could tip the scales when it comes to building an ecosystem for cars powered by a hydrogen fuel cell. Local automakers are hedging bets on both technologies, and investors are rewarding companies like BMW [BMW.DE] for that.

BMW’s share price has gained around 20% through 2021, unlike the share price of electric vehicle maker Tesla which has only risen by 10%.

Germany offered to invest € 8 billion in hydrogen technology in May, Reuters reported. Fitch Solutions analyst Joshua Cobb has estimated that the EU intends to increase its hydrogen fuel infrastructure, but it may be two to three years before legislation supporting this takes shape. . However, the German Green Party joining the country’s coalition has the potential to accelerate this timeline.

Audi owned by BMW and Volkswagen [VWAGY] have turned to hydrogen fuel, which he believes could be a viable alternative to electric vehicles.

The future is hydrogen … or EV

As technologies evolve, hydrogen may be more environmentally friendly than electric vehicles, as electric vehicles depend on electricity produced and transmitted by centralized power plants that sometimes use coal or fossil fuels. On the other hand, a hydrogen fuel cell is like a mini generator. Since hydrogen easily combines with other elements like oxygen to produce water, the vehicle’s carbon emissions are very low.

Improving prospects for investment in hydrogen appear to be pushing BMW’s share price higher. The company is currently trading above its 50 and 200 day moving averages, creating a strong buy signal. A Relative Strength Index value of 57.583 reinforces a strong set of technical indicators.

Yet, given aggressive lithium mining and the popularity and standardization, it is currently much cheaper to electrify transportation.

BMW, Toyota [TM] and Daimler [DAI.DE] lead a group of 13 companies investing $ 10 billion in hydrogen technology and infrastructure around the world over the next 10 years. Ineos, a chemicals company owned by one of the UK’s richest people, Sir Jim Ratcliffe, is set to invest £ 25million in HydrogenOne Capital Growth, a hydrogen fund that intends to raise £ 250million and float on the LSE later this year. Perhaps this will speed up the standards and manufacture of hydrogen-based energy sources.

For now, however, investment in hydrogen fuel cells remains on a small scale compared to that in electric vehicles.

$ 29billion

How much Ford will spend on EV technology by 2025

At least $ 28 billion was reportedly invested in electric vehicle companies in 2020 alone, according to data from CB Insights and Dow Jones Market Data Group. Ford [F] recently announced that its own spending on EV technology will more than double to $ 29 billion by 2025. Reuters reported in 2019, ahead of industry headwinds such as the coronavirus pandemic and the election of Joe Biden as President of the United States, that global automakers would invest $ 300 billion in electric vehicle technology over the next 10 years.

Tesla founder Elon Musk scorned the threat hydrogen poses to the electric vehicle market, calling the technology “dumb cells” in 2020.

While the debate between hydrogen and electric vehicles has traditionally been presented as a competition, it may not be a zero-sum game. Both technologies are already widely used, with hydrogen already being used to power ships, planes, trucks, cars, and trains, as well as the NASA mission that sent Neil Armstrong to the moon in 1969. Randeep Somel of M&G Investments estimated that “about 35% of global emissions cannot be electrified”, so hydrogen may well play a role in greening industries such as steel, aviation and cement production. .

BMW shares: a good call

Such applications underpin research from Market Research Future which estimated that the hydrogen energy market could grow at a compound annual growth rate of 68.52% to $ 46.89 billion by 2028.

Deutsche Bank analyst Tim Rokossa gave BMW a “buy catalyst: buy” rating on September 15 as a short-term investment idea. In a note to customers, he maintained a “buy” rating and a target of € 115 for the BMW stock price and said the stock was “just too cheap” given the consistency of its cash flow.

Consensus among analysts surveyed by CNN Money is to own the stock, with 10 out of 22 respondents giving this rating. Eight recommended “buy” and three “outperform”, while only one analyst rated the stock as “sell”.

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