European Bank for Reconstruction and Development

Northland Power Announces Financial Close of the 1.1 GW Baltic Power Offshore Wind Project in Poland Green Financing

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Venerdì, Settembre 22, 2023
Canada, BofA Securities, Reconstruction, Government, Wind, Investment fund, EBRD, European Bank for Reconstruction and Development, NPI, Euler Hermes, TSX, EIB, European Investment Bank, European Central Bank, Renewable energy

TORONTO, Sept. 22, 2023 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI), today announced that its Baltic Power offshore wind project (“Baltic Power” or the “project”) in Poland has met all conditions and reached financial close for its 20-year CAD-equivalent $5.2 billion non-recourse green financing.

Key Points: 
  • TORONTO, Sept. 22, 2023 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI), today announced that its Baltic Power offshore wind project (“Baltic Power” or the “project”) in Poland has met all conditions and reached financial close for its 20-year CAD-equivalent $5.2 billion non-recourse green financing.
  • A consortium of 25 financial institutions is supporting the project, including the European Investment Bank (EIB), European Bank for Reconstruction and Development (EBRD), Euler Hermes, Export and Investment Fund of Denmark and Export Development Canada.
  • Baltic Power will play an important role in helping the Polish government achieve its renewable energy target where installed capacity of offshore wind energy is expected to reach up to 11 GW by 2040.
  • Once operational, Baltic Power is expected to provide clean energy to more than 1.5 million Polish households annually.

Rock Tech Project Update - Georgia Lake and Guben on Track, Converter II Enters Planning Stages

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Martedì, Luglio 4, 2023
Lithium, Building material, Instrumentation, WKN, European Bank for Reconstruction and Development, Life, Placement, Mineral Resources Limited, Resource, LHM, EPCM, Boston, Distributed control system, Carbon, Thunder Bay District, Deutsche Bank, Government, Inflation, FWB, Automation, Investment, Mining, Engineering, DCS, Knowledge, CIBC, Robotics, CO2, Inflation Reduction Act of 2022

VANCOUVER, BC, July 4, 2023 /PRNewswire/ - Rock Tech Lithium Inc. (TSX-V: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") is pleased to provide a project update on its mining and converter projects.

Key Points: 
  • VANCOUVER, BC, July 4, 2023 /PRNewswire/ - Rock Tech Lithium Inc. (TSX-V: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") is pleased to provide a project update on its mining and converter projects.
  • Rock Tech has made substantial progress in the engineering, development and financing of its two assets, the lithium hydroxide converter in Germany and the Georgia Lake mining project in Canada.
  • Both Rock Tech assets, Georgia Lake and Guben,  are attracting significant interest from global investors looking to acquire a direct stake.
  • With engineering for the Guben converter nearing completion, the Company is now starting planning for its next converter project.

Eldorado Gold Announces Closing of C$81.5 Million Strategic Investment by the European Bank for Reconstruction and Development (EBRD)

Retrieved on: 
Mercoledì, Giugno 14, 2023
EBRD, Toronto Stock Exchange, Eldorado Gold, Private placement, European Central Bank, Reconstruction, Private, Placement, European Bank for Reconstruction and Development, Security (finance)

VANCOUVER, British Columbia, June 14, 2023 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or the “Company”) today announced the closing of the previously announced strategic investment of C$81.5 million by the European Bank for Reconstruction and Development (the "EBRD").

Key Points: 
  • VANCOUVER, British Columbia, June 14, 2023 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or the “Company”) today announced the closing of the previously announced strategic investment of C$81.5 million by the European Bank for Reconstruction and Development (the "EBRD").
  • The investment was effected by way of a private placement whereby EBRD subscribed for 6,269,231 shares at a price of C$13.00 per share.
  • (the “Private Placement”).
  • The Private Placement is subject to final acceptance of the Toronto Stock Exchange.

UN Global Compact calls on businesses to align corporate investment with SDG policies and strategies

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Martedì, Giugno 6, 2023
Sustainability, Private sector, SDG, ENEL, Investment, Reconstruction, Coalition, Sustainable Development Goals, Senior advisor, Green Climate Fund, Research, Oslo Stock Exchange, Targets, CFOS, Public expenditure, European Bank for Reconstruction and Development, United Nations Global Compact, SIDA, Enel, CFO, Integration, Sustainable development, European Central Bank, FFD, Renewable energy, Management, Transport, Financial services, Snam

The private sector has a crucial role to play in bridging the financing gap to achieve the Sustainable Development Goals by 2030.

Key Points: 
  • The private sector has a crucial role to play in bridging the financing gap to achieve the Sustainable Development Goals by 2030.
  • While private capital is abundant, only a small share is aligned with the Goals.
  • With more than $17 trillion in annual investments in capital expenditures, companies and CFOs are key players in the sustainability transition of the global economy.
  • Foster a community of 1,000 CFO Signatories to the CFO Principles on Integrated SDG Investments and Finance by 2024.

CFO Coalition for the SDGs to host the SDG Investment Forum in Oslo

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Martedì, Maggio 23, 2023
Private sector, ENEL, Interview, Reconstruction, Senior advisor, Sustainable Development Goals and Ghana, Green Climate Fund, Oslo Stock Exchange, Sustainable Development Goals, EU taxonomy for sustainable activities, CFOS, Public expenditure, European Bank for Reconstruction and Development, United Nations Global Compact, Investment, CFO, System, Sustainable development, European Central Bank, Management

Where: Oslo Stock Exchange (Oslo Børs), Tollbugata 2, 0152 Oslo, Norway

Key Points: 
  • Where: Oslo Stock Exchange (Oslo Børs), Tollbugata 2, 0152 Oslo, Norway
    Registration: To register and for interview requests please contact Alex Gee, [email protected]
    The UN Global Compact CFO Coalition for the SDGs is hosting the SDG Investment Forum to connect investors seeking to align with the Sustainable Development Goals to responsible businesses and investment opportunities around the world.
  • The Forum is an opportunity for CFOs, sustainability experts and investors to exchange views on how corporate investments and finance can best contribute to the SDGs.
  • This regional event will focus on the investments and financing toward the SDGs by the European members of the CFO Coalition for the SDGs, and will also touch on new regulations and the EU Taxonomy.
  • The private sector has a crucial role to play in bridging the financing gap to achieve the Sustainable Development Goals by 2030.

Malta Continues 2023 Expansion with Addition of Renewable Energy and Storage Solutions Veteran Ralf Wiesenberg as EVP of Global Business Development

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Giovedì, Maggio 4, 2023
Oil, Gas, Alternative Energy, Energy, Other Energy, Utilities, Business development, Inc., Technical University of Berlin, Arthur D. Little, Asian Development Bank, United Nations, Inter-American Development Bank, Reconstruction, Engineering, Institute of technology, Sun, World Bank, Coal, Development, European Bank for Reconstruction and Development, AFRY, Renewable energy, European Central Bank, Loučná nad Desnou, ACS Group, Azeglio (name)

Malta Inc., a pioneer in long-duration energy storage (LDES) that offers utility-scale clean energy replacements for coal, oil, and gas power plants, today announced the addition of Ralf Wiesenberg as Executive Vice President of Global Business Development.

Key Points: 
  • Malta Inc., a pioneer in long-duration energy storage (LDES) that offers utility-scale clean energy replacements for coal, oil, and gas power plants, today announced the addition of Ralf Wiesenberg as Executive Vice President of Global Business Development.
  • Wiesenberg joins Malta as the storage industry leader advances its global presence with active projects in North America and Europe.
  • Wiesenberg brings to Malta 28 years of experience in renewable energy and energy storage solutions.
  • Most recently, he served as Vice President of Business Development for Swedish long duration energy storage manufacturer Azelio.

EQS-News: ProCredit Holding AG & Co. KGaA: European Bank for Reconstruction and Development establishes the groundwork to become a core shareholder of ProCredit Holding AG & Co. KGaA

Retrieved on: 
Lunedì, Marzo 20, 2023
SME, DNA, Financial Oversight and Management Board for Puerto Rico, Paris, Paris Agreement, ProCredit Holding, International Finance Corporation, Reconstruction, Frankfurt Stock Exchange, KfW, History, Orientation, Fly-by-wire, EBRD, Group communication system, European Bank for Reconstruction and Development, World Bank Group, Economic development, International Bank for Reconstruction and Development, Growth, European Central Bank, Security (finance), Bank, Nightclub, Development

EQS-News: ProCredit Holding AG & Co. KGaA

Key Points: 
  • EQS-News: ProCredit Holding AG & Co. KGaA
    ProCredit Holding AG & Co. KGaA: European Bank for Reconstruction and Development establishes the groundwork to become a core shareholder of ProCredit Holding AG & Co. KGaA
    The issuer is solely responsible for the content of this announcement.
  • Upon completion of the transaction, EBRD will replace IFC as a core shareholder of Pro Credit Holding and hold 8.7 per cent of its share capital.
  • Completion of the share purchase is subject to fulfilment of conditions precedent including receipt of regulatory approvals where applicable.
  • By becoming a core shareholder, EBRD intends to support ProCredit Holding in its transformation into a stock company under German law (Aktiengesellschaft) while maintaining its impact orientation.

Infinity Power Finalizes Acquisition of Lekela Power in Africa's Biggest Renewable Energy Deal

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Lunedì, Marzo 20, 2023
COP28, AFC, Eddie O'Connor (businessman), Reconstruction, Energy, Infinity Power Chutes, Ernst & Young, Electricity, Africa Finance Corporation, ABU, International Renewable Energy Agency, MCB, Carbon, Wind, EBRD, Infinity Group, European Bank for Reconstruction and Development, Acquisition, AFRY, COP27, IRENA, Economic development, Solar energy, Ministry of Industry and Advanced Technology (United Arab Emirates), Growth, Climate, Ecosystem, European Central Bank, CO2, Renewable energy, Lekela Power, African, Masdar, Infinity

Infinity Power has acquired 100% shareholding of Lekela Power, an Africa based wind power platform

Key Points: 
  • Infinity Power has acquired 100% shareholding of Lekela Power, an Africa based wind power platform
    Infinity Power is joint venture between Egypt's Infinity and the UAE's Masdar, one of the world's fastest-growing clean energy companies
    ABU DHABI, UAE, March 20, 2023 /PRNewswire/ -- Infinity Power, a joint venture between Egypt's Infinity and UAE's Masdar, announced today it has completed the acquisition of the entire shareholding of Lekela Power.
  • Nayer Fouad, CEO, Infinity Power, said, "We are very pleased to welcome Lekela Power into the Infinity Power family and look forward to building this next chapter together.
  • Mohamed Jameel Al Ramahi, CEO, Masdar, said, "This landmark acquisition of Lekela Power will position our Infinity Power joint venture as the market leader in Africa, and is also recognition of the continent's tremendous renewable energy potential.
  • Infinity Power was established in 2020 to develop utility-scale and distributed solar energy and wind power projects in Africa.

Infinity Power Finalizes Acquisition of Lekela Power in Africa's Biggest Renewable Energy Deal

Retrieved on: 
Lunedì, Marzo 20, 2023
COP28, AFC, Eddie O'Connor (businessman), Reconstruction, Energy, Infinity Power Chutes, Ernst & Young, Electricity, Africa Finance Corporation, ABU, International Renewable Energy Agency, MCB, Carbon, Wind, EBRD, Infinity Group, European Bank for Reconstruction and Development, Acquisition, AFRY, COP27, IRENA, Economic development, Solar energy, Ministry of Industry and Advanced Technology (United Arab Emirates), Growth, Climate, Ecosystem, European Central Bank, CO2, Renewable energy, Lekela Power, African, Masdar, Infinity

Infinity Power has acquired 100% shareholding of Lekela Power, an Africa based wind power platform

Key Points: 
  • Infinity Power has acquired 100% shareholding of Lekela Power, an Africa based wind power platform
    Infinity Power is joint venture between Egypt's Infinity and the UAE's Masdar, one of the world's fastest-growing clean energy companies
    ABU DHABI, UAE, March 20, 2023 /PRNewswire/ -- Infinity Power, a joint venture between Egypt's Infinity and UAE's Masdar, announced today it has completed the acquisition of the entire shareholding of Lekela Power.
  • Nayer Fouad, CEO, Infinity Power, said, "We are very pleased to welcome Lekela Power into the Infinity Power family and look forward to building this next chapter together.
  • Mohamed Jameel Al Ramahi, CEO, Masdar, said, "This landmark acquisition of Lekela Power will position our Infinity Power joint venture as the market leader in Africa, and is also recognition of the continent's tremendous renewable energy potential.
  • Infinity Power was established in 2020 to develop utility-scale and distributed solar energy and wind power projects in Africa.

Supporting Ukraine for as long as it takes

Retrieved on: 
Venerdì, Febbraio 24, 2023
Government of Canada, Sanitation, Development, Canada Border Services Agency, Safety, Refugee, Government, Food, Foreign Affairs, Minister, Russians, The Honourable, Armed Forces of Ukraine, NASAMS, Acquisition, Democracy, Pressure, United Kingdom, Travel, European Central Bank, Freedom, World Bank Group, Legislation, Deception, Armed, History, Weapon, Face, Operation, Canadian Armed Forces, Map, Electronics, Reconstruction, National Advance, Immigration, Refugees and Citizenship Canada, Water, Military, Immigration and Refugee Protection Act, European Bank for Reconstruction and Development, Office of the President of Ukraine, Arms industry, Cryptocurrency, Nursing, Immigration

The Government of Canada will stand with the people of Ukraine for as long as it takes.

Key Points: 
  • The Government of Canada will stand with the people of Ukraine for as long as it takes.
  • Today, the Prime Minister announced new measures to continue supporting the people of Ukraine, including with new military equipment and additional sanctions.
  • Instead, the brave people of Ukraine, in their heroic resistance, are ensuring that Ukraine will survive, and democracy will prevail.
  • Canada stands with Ukraine, and we will continue to do so for as long as it takes."