Category: News Europe

Eurasian Development Bank to finance solar power plant in the Kyrgyz Republic

Eurasian Development Bank to finance solar power plant in the Kyrgyz Republic

May 23, 2024 | , ,

The Eurasian Development Bank and Bishkek Solar have inked a cooperation agreement to finance the construction of a 300 MW photovoltaic power station in Toru-Aigyr village, Issyk-Kul Region, Kyrgyz Republic. The project involves several significant agreements, such as a 25-year contract with the National Electric Grid of Kyrgyzstan (NEGK) to purchase all the electricity produced, a public-private partnership agreement with the Ministry of Energy of the Kyrgyz Republic, and a 25-year investment agreement with the Cabinet of Ministers of the Kyrgyz Republic.

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Siemens Energy, Energinet sign $1.52 billion deal to upgrade Denmark’s grid

Siemens Energy, Energinet sign $1.52 billion deal to upgrade Denmark’s grid

May 17, 2024 | ,

Siemens Energy has received a $1.52 billion contract from Energinet, the Danish state-owned grid operator, to improve Denmark’s electrical infrastructure. Over the next eight years, Siemens Energy is contracted to supply transformers and switchgear for about fifty new or renovated 150kV high-voltage substations. The project, which includes a four-year initial phase valued at up to €800 million, is essential to Denmark’s energy transformation plan.

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Thyssenkrupp Nucera to supply 300 MW electrolyser for Cepsa’s green hydrogen hub

Thyssenkrupp Nucera to supply 300 MW electrolyser for Cepsa’s green hydrogen hub

May 13, 2024 | , ,

Thyssenkrupp Nucera has secured a contract to supply a 300 MW electrolyser for Cepsa’s green hydrogen facility in Spain. Under an agreement announced at the World Hydrogen Summit in Rotterdam, Cepsa has awarded the electrolyser specialist a contract to provide a basic engineering design package and assist in the facility’s design and engineering process up to the Final Investment Decision (FID).

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Umicore inks renewable electricity PPA with Gasum in Finland

Umicore inks renewable electricity PPA with Gasum in Finland

May 7, 2024 | ,

Umicore has signed a second 10 year power purchase agreement with Gasum to source renewable electricity for its site in Kokkola, Finland, where Umicore refines cobalt and produces precursor cathode active materials for electric vehicle batteries. Gasum will supply Umicore with about 35 GWh of certified renewable electricity every year until 2035 from a non-subsidized Finland-based onshore wind farm, which was commissioned in December 2023.

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CIP acquires majority stake in Elgin

CIP acquires majority stake in Elgin

April 4, 2024 | , ,

Copenhagen Infrastructure Partners (CIP) has secured a majority stake in Elgin Energy  through its main fund CI V to deliver and expand its existing 15 GW solar PV and battery portfolio. The collaboration involves a joint investment of £250 million from CIP and Elgin Energy.

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