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ENGIE and Crédit Agricole Assurances increase their investments in on-shore wind and solar power in France

ENGIE, France’s market leader in on-shore wind and solar power plants with 2.6 GW installed at the end of 2017, and Crédit Agricole Assurances, France’s leading insurance company, have just signed a new agreement allowing their joint venture « FEIH » (Futures Energies Investissements Holding) to acquire nearly 500 MW of on-shore wind and solar […]

Turkish leasing sector wins syndicated loan

Aklease, the leasing subsidiary of Akbank, has signed a US$110mn multi-tranche, multi-currency syndicated loan facility. The credit line has been arranged by FMO, the European Bank for Reconstruction and Development (EBRD), the Green for Growth Fund (GGF) and the Opec Fund for International Development (Ofid). Other participants are undisclosed institutional investors through the Dutch development […]

European Investment Bank finances wind and solar energy development in Peru with USD 150 million

The European Investment Bank (EIB) will provide USD 150 million to renewable energy production company Enel Green Power Perú (a local subsidiary of the Enel Group) to build and operate a wind farm and photovoltaic solar power plant currently under construction in the Andean country. The two facilities will have an installed capacity of 312 […]

Hungary to promote renewable energy

Reuters reported that Hungary will relax rules on the construction of small solar power plants and subsidise loans to landowners as part of efforts to promote renewable energy. According to data on its website, the country’s sole nuclear power plant currently provides over half of Hungary’s electricity, and around 29% of its electricity is imported, […]