EDHEC Launches Ratings to Estimate Climate Hit on Infrastructure Assets
A climate ratings firm created at French business university EDHEC has become the first to estimate projected financial losses for thousands of infrastructure assets under various climate change scenarios, its founder and chief executive said.Better understanding the potential costs of climate change is increasingly important as political pressures have led to rollbacks in environmental policies and climate change targets in some countries including the United States."We saw a critical disconnect.
Aker Solutions Awarded Contract for BalWin2 Offshore Wind Project
Aker Solutions has signed a contract with Dragados Offshore to deliver the steel substructure for the 2GW HVDC converter station for the BalWin2 offshore wind grid connection system in Germany, developed by Amprion Offshore GmbH. Reference is made to the stock exchange release published on February 10, 2025. With this contract award, Dragados has exercised the option for the second HVDC converter station for the BalWin development in Germany.Fabrication of the HVDC substructures will be executed by Aker Solutions’ yard in Verdal, Norway. At its peak, the project will employ over 450 people.
Holt Lock Reopens After Temporary Fix
The Holt Lock on the Black Warrior River in Holt, Ala., has reopened after being closed earlier this year due to concerns about its structural stability.The U.S. Army Corps of Engineers closed the lock on June 22 after the Mobile District engineering team conducted an initial stability analysis that identified cracks and leaks in the lock's infrastructure."The analysis, which utilized known data and certain assumptions, revealed critical stability issues with the monolith structure of the Holt Lock," the Corps said at the time of the closure.
