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South Korea to invest £21bn in UK green energy, infra
Renewables EuropeSouth Korea’s sovereign wealth fund and several businesses are set to invest £21 billion in UK green energy and infrastructure projects, as part of a renegotiated trade agreement between the 2 countries
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Romania's largest solar project secures €60 million in financing
Renewables EuropeRenewable energy company Econergy has secured a €60 million in financing from Raiffeisen Bank to help support its 155MW solar project in Romania
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RFI out for Polish Baltic Power offshore wind
Renewables EuropeA market survey has been published for Orlen and Northland Power’s $6.5 billion Baltic Power offshore wind project
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European Commission's Innovation Fund opens call for proposals
Renewables EuropeThe European Commission's Innovation Fund has opened the window for proposals with a budget of €4 billion focused on the deployment of innovate decarbonisation technologies
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EC launches €800m hydrogen bank subsidy auction
Renewables EuropeThe European Commission has launched its first auction under the European Hydrogen Bank, with €800 million of emissions trading revenues available to renewable hydrogen producers through the Innovation Fund
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France reveals Mediterranean floating wind locations
Renewables EuropeThe French government has revealed the locations for 2 floating wind farms in the Mediterranean, of around 250MW each
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Bosnian road secures €25m loan from OPEC Fund
Transport EuropeThe OPEC Fund for International Development has agreed a €25 million loan with the Bosnia and Herzegovina government to develop part of the Corridor Vc Motorway and link the country with the Trans-European Transport Network
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Swedbank Robur launches climate bond funds
Renewables EuropeSwedish investor Swedbank Robur has launched 2 funds with a sustainability focus to finance projects and company operations contributing to UN climate targets
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PoGo inks major EV roll-out agreement
Renewables EuropeUK EV ultra-rapid charging network PoGo has partnered with national property investor London & Cambridge Property to roll out charging infrastructure to LCP’s sites
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Finnish gov boosts infra investment in 2024 budget
Transport EuropeThe Finnish government has submitted its 2024 budget proposal to parliament for a €22 million investment into the planning of Riihimäki-Tampere, a stretch of main rail line some 70km north of Helsink
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Finland launches offshore wind auction
Renewables EuropeFinland's government today adopted a resolution on launching an auction for 5 offshore wind power sites with a maximum capacity of 7.5GW
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SDCL closes energy efficiency fund at €650m
Renewables EuropeSustainable Development Capital has closed its energy efficiency infra fund at its €650 million target, with €125 million coming in from the European Investment Fund as the largest investor
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Voltalia signs solar energy PPA with Co-op
Renewables EuropeInternational renewable energies company, Voltalia, has entered into a 15-year Corporate Power Purchase Agreement, with Co-op, one of the world's largest consumer cooperatives, to supply it with 7.5% of its total electricity needs per year
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Sosteneo acquires 50% stake in Italian solar plant
Renewables EuropeSosteneo — part of Generali Investments’ asset management arm— has signed an agreement with Denmark-based European Energy to acquire 50% of the 163MW Mineo solar PV plant in Sicily, Italy
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Yettel launches Hungary’s first 5G network
Telecoms EuropeCentral European telco Yettel has flicked the switch on Hungary’s first standalone 5G network for consumers
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CBI approval for £470m Gresham House acquisition
Renewables EuropeThe Central Bank of Ireland has approved the £469.8m takeover of Gresham House Asset Management by US-based Searchlight Capital
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Statera secures debt for UK power and storage projects
Renewables EuropeUK power and storage developer Statera Energy has finalised a £300 million debt package to fund 2 major UK projects
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Axpo plans sixth alpine solar project, Switzerland
Renewables EuropeSwiss renewables developer Axpo has released plans to build a sixth alpine solar project – a second project in the Glarus Süd municipality in Switzerland following the commissioning of a 2.2MWp plant in the region in August 2022
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European Energy secures Nordic bank financing
Renewables EuropeItalian firm European Energy has secured 5-year €150 million green portfolio financing from Nordic banks Skandinaviska Enskilda Banken and DNB to accelerate the deployment of renewable projects