TOKYO, Japan : ORIX Corporation (“ORIX”) has decided to issue its first green bond (unsecured debt securities) denominated in Euro on April 13, 2022. The notes will be issued as a green bond solely to fund projects that will satisfy the eligibility criteria of ORIX’s Green Bond Framework. ORIX has established the Euro MTN Program* […]
EU Regulators Clear 30.5 Billion Euro French Renewable Energy Scheme
The scheme is targeted at onshore operators of solar, onshore wind and hydroelectric installations, who will get a premium on top of the electricity market price. BRUSSELS : EU state aid regulators cleared on Tuesday a 30.5-billion-euro ($35.9 billion) French scheme for renewable energy production, saying it would help the bloc’s goal of achieving climate […]
Stellantis Makes 30 Billion Euro Wager on Electric Vehicle Market
It said all 14 of its vehicle brands – including Peugeot, Jeep, Ram, Fiat and Opel – will offer fully electrified vehicles. Stellantis, the world’s No. 4 automaker, said on Thursday it plans to invest more than 30 billion euros ($35.54 billion) through 2025 on electrifying its vehicle lineup. The company, formed in January from […]
EU electric vehicle push needs 80 billion euros for chargers: industry group
BRUSSELS/LONDON: An EU plan for a fifty-fold increase in electric cars this decade to help cut greenhouse gas emissions will require an 80 billion euro ($96.5 billion) investment in charging points to support it, power industry group Eurelectric said on Tuesday. The European Union has said it needs 30 million or more zero-emission cars on […]
Greece’s PPC to spend 3.4 bln euro on power grid, renewables by 2023
ATHENS, Dec 2 : Greece’s biggest power utility Public Power Corp. (PPC) will spend 3.4 billion euros ($4.11 billion) to expand its footprint in renewables and modernise the country’s distribution grid, it said on Wednesday. The coal-reliant utility, which is 51% owned by the state, has pledged to shut down all but one of its […]
PFC inks loan pact for Euro 200 Million with KfW
The PFC will on-lend these funds for development of the distribution infrastructure of state-owned companies, a PFC statement said. State-run Power Finance Corporation (PFC) on November 1 said it has signed an agreement with German development bank KfW for a 200 million euro loan. The PFC will on-lend these funds for development of the distribution […]
