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Steelmakers must focus on high growth sectors and markets

Saturday, April 19, 2014
News Making Money

Putting wind into Poland’s renewables

13/02/2014 15:50 (64 Day 10:01 minutes ago)

The FINANCIAL -- The EBRD is supporting a 37.5MW wind farm project in Orla, eastern Poland, with an investment loan of up to PLN 94m (EUR 22m) for the financing of the construction and operation of phase 1 of the project, which will install a total capacity of 22.5MW, according to European Bank for Reconstruction and Development (EBRD).


Construction of the first phase is expected to be finalised in December 2014, while the final phase is scheduled for completion in mid-2015. At full capacity, the wind farm will consist of 15 Nordex turbines N100 2.5 MW which will be able to generate a maximum of 37.5 MW and will save approximately 57,400 tonnes of CO2 per annum.

The project is of special significance. Power generation in Poland remains dominated by coal and lignite-fired plants and the country is lagging behind its green energy targets agreed with the European Commission. To reach the 20 per cent share of renewable energy in the total energy mix in 2021 as mandated by the government, a major push to reinvigorate the renewables sector is required.

Despite general consensus on wind energy as one of the viable green alternatives, the expansion of the sector was severely affected by regulatory uncertainty. The EBRD‘s loan is intended to overcome the gap in available funds by providing financing and comfort to private investors, according to EBRD.

To date the EBRD has invested more than €6.3 billion in all sectors of the Polish economy with a combined project value exceeding €33 billion. The Bank continues to support the renewable energy sector with over €1.1 billion invested in nearly 50 projects across its region, according to EBRD.



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Parliament issues strong call for EU lobby transparency register to become mandatory

16/04/2014 16:53 (2 Day 08:58 minutes ago)

The FINANCIAL -- The report approved by MEPs gives an important signal to the European Commission that a far more ambitious approach is needed to secure genuine lobby transparency in the EU, according to EUbusiness Ltd.



Private Sector Driving U.S. Wind Market Forward

18/04/2014 16:46 (09:05 minutes ago)

The FINANCIAL -- The onshore wind energy sector is booming in the United States, where there's enough of the renewable resource on hand to meet the annual demands for 15 million homes. It may take one of the biggest retailers in the world, however, to usher in the necessary change in energy consumption, according to The NASDAQ OMX Group, Inc., exchange company.

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