Wind

EBRD Sets Up US$250 Million Fund for Southern and Eastern Mediterranean Region

The European Bank for Reconstruction and Development has started a US$ 250million financing program for private sector renewable energy generation in Morocco, Egypt, Tunisia and Jordan.
The financing framework envisages up to US$250 million in debt and equity funding for private companies in the Southern and Eastern Mediterranean region to build new renewable energy generation capacity. Most of the produced energy will be sold directly to private sector consumers such as cement companies and hotel groups.

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Statoil Gets Approval to Develop Floating Offshore Wind Farm in Scotland

The Scottish government has approved Statoil’s plans to develop a 30-megawatt floating offshore wind development off the coast of Peterhead.
Statoil plans to develop a pilot park of five floating 6-MW turbines which is to be located approximately 25 kolometres off the coast of Peterhead with a generating capacity of 135 gigawatt hours of electricity each year. It is expected that the Hywind Scotland development could power up to 19,900 houses.

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RWE Gets New Partners for 336-MW Offshore Wind Farm

RWE Innogy has managed to rope in three new project partners for 336-megawatt Galloper Offshore wind project off the coast of Suffolk in the UK.
UK Green Investment Bank , Siemens Financial Services and Macquarie Capital will join RWE Innogy in becoming 25% joint equity partners of the project. Construction of the project will start later this month.

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