The European Bank for Reconstruction and Development (EBRD) and Bank al Etihad of Jordan have signed a US$ 10 million Green Economy Financing Facility (GEFF) that includes US$ 0.5 million of co-financing from the Green Climate Fund (GCF). The package is complemented by investment incentive grants provided by the European Union (EU), totalling up to €1.125 million, and by technical assistance support from multiple donors.
Hydro’s majority owned Slovalco aluminium facility in Slovakia has decided to close the primary aluminium production at the plant. The closure will be completed by the end of September 2022.
The UK is about to receive liquefied natural gas from far-off Australia for the first time in at least six years, highlighting the European region’s desperation in grappling with its worst energy crisis in decades.
The European Bank for Reconstruction and Development (EBRD) is helping to speed up Croatia’s transition to clean energy by helping to finance the construction of two new wind farms.
From September, Eesti Energia will transfer all its customers of the older type of exchange package to hourly pricing. The change will be automatic for customers and everyone will be notified by letter.
Eesti Energia has taken the next step to build Estonia's first pumped-storage hydroelectric power plant (PSH), starting to carry out its preliminary design and environmental impact assessment. When completed, the plant will contribute to energy security after desynchronization from the Russian energy system.
End product will be utilised to decarbonise POSCO’s steel manufacturing processes and other off-takers in South Korea
The EBRD is investing PLN 80 million (€17 million equivalent) in green bonds issued by R.Power S.A., a vertically integrated solar PV developer and independent power producer incorporated in Poland.
Saudi Arabian Oil Company (“Aramco”) signed a Memorandum of Understanding (MoU) with China Petroleum & Chemical Corporation (Sinopec) covering multiple areas of potential collaboration between the parties in Saudi Arabia.
Peregrino production was suspended in April 2020. Since then, Equinor has executed a major programme of maintenance, upgrades and repairs on the Floating Production Storage and Offloading (FPSO) vessel and has installed a new platform, Peregrino C.