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Ferrero clinches long-term green PPA deal with Falck Renewables


Reuters
2 minute read
Nutella-maker Ferrero has signed a 10-year power purchase agreement (PPA) with green energy group Falck Renewables (FKR.MI) as part of plans to halve its carbon footprint in the next 10 years.
The companies said in a statement on Monday the agreement, known as a virtual PPA, envisaged the development of two solar power plants in Sicily which, when ready, would generate up to 35 gigawatt hours of electricity annually.
A virtual PPA is a derivative contract between a company and a power generator where the company guarantees a pre-negotiated fixed price for the generator s energy output.
Advocates believe the instruments can help catalyze a broader shift to clean energy sources by financing projects, and Brussels has urged a greater use to help the bloc meet climate targets. ....

Bruxelles Capitale , Thomson Reuters Trust Principles , Telecom Italia , Falck Renewables , Nutella Maker Ferrero , Thomson Reuters Trust , ப்ரூக்ஸெல்ஸ் தலைநகரம் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , தொலை தொடர்பு இத்தாலியா , பால்க்க் புதுப்பிக்கத்தக்கவை , நுட்டெல்லா தயாரிப்பாளர் ஃபெர்ரெரோ , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,

Luxembourg's talent gap


Luxembourg’s talent gap
New law aims to slash top management perks and introduce incentives to attract mid-level workers
Angling for top talent is high on any government’s agenda. But for a country as dependent on foreigners as Luxembourg, the stakes are higher than for others. 
Almost half of the country’s population comes from abroad, but the share of immigrants in the workforce stands at above 70%. Clearly, the country’s high salaries, economic stability, safety, and good public health insurance are attractive. But will it be enough for the future?
Luxembourg’s plans to base its economy on highly skilled workers date back decades. In the mid-1980s, the country understood the opportunities offered by a new EU law that allowed fund managers to sell their retail investment funds throughout Europe.  ....

United States , France General , City Of , United Kingdom , Xavier Martinez , Pierre Gramegna , Nicolas Audiger , Geraldine Hassler , Michal Burzynski , Hans Neumayr , Luxembourg Institute Of Socio , Economic Research , Labour Market Division , Luxembourg Institute , Socio Economic Research , Finance Minister Pierre Gramegna , Nutella Maker Ferrero , Economist Intelligence Unit , Luxembourg Times , ஒன்றுபட்டது மாநிலங்களில் , பிரான்ஸ் ஜநரல் , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , ஐயேவியர் மார்டினெஸ் , ஜெரால்டின் தொந்தரவு , லக்ஸம்பர்க் நிறுவனம் ஆஃப் சமூக ,

Ferrero posts sweeter full-year sales despite virus


By Reuters Staff
1 Min Read
FILE PHOTO: Miniature glasses with hazelnut spread Nutella at a restaurant in Seeheim near Darmstadt, Germany, March 27, 2016. REUTERS/Kai Pfaffenbach/File Photo
(Reuters) - Turnover at Nutella-maker Ferrero rose 7.8% in its financial year to end-August, offsetting some of the impact of the coronavirus pandemic thanks to higher sales in the U.S., Italy, Germany and France and the launch of some new products.
The Luxembourg-based confectionery giant said in a statement on Thursday that full-year turnover came in at 12.3 billion euros ($14.94 billion), while investments totalled 619 million euros.
The family-owned group, founded in the Italian town of Alba in 1946, has reached world-wide notoriety thanks to the hazelnut spread Nutella as well as Kinder-branded chocolate bars, with its products present in more than 170 countries. ....

Federico Maccioni , Thomson Reuters Trust Principles , Nutella Maker Ferrero , Thomson Reuters Trust , Cracker Amp Pasta Manufacturing Trbc Level 5 , Chocolate Amp Confectionery Trbc Level 5 , Corona Virus , Performance Results Earnings , Food Retail Amp Distribution Trbc Level 4 , United States , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , நுட்டெல்லா தயாரிப்பாளர் ஃபெர்ரெரோ , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை , கொரோனா வைரஸ் , ஒன்றுபட்டது மாநிலங்களில் ,