Associated tags: EBRD, Private sector, European Central Bank, EIB, Reconstruction, Bank, Electricity, Economy, Coal, Policy, Sale, Blacksmith, Wind, Carbon, Corporate finance, Enlight Renewable Energy, TEL, State, Renewable energy
Locations: EU
Retrieved on:
Wednesday, March 27, 2024
Electricity,
Economy,
European Central Bank,
Coal,
Reconstruction,
Policy,
Sale,
Blacksmith,
Wind,
Carbon,
Corporate finance,
Enlight Renewable Energy,
EBRD,
TEL,
State,
Renewable energy TEL AVIV, Israel, March 27, 2024 (GLOBE NEWSWIRE) -- Enlight Renewable Energy (“Enlight”) (NASDAQ: ENLT, TASE: ENLT), a leading global renewable energy platform, today announced The European Bank for Reconstruction and Development (EBRD), together with Erste Group Bank AG and its local bank Erste Bank a.d. Novi Sad (Erste), have approved a financing package worth $101 million for the construction of a new windfarm in Serbia, which will be built by Enlight. The financing package will provide a major boost to the country’s goal of diversifying its energy mix.
Key Points:
- The financing package will provide a major boost to the country’s goal of diversifying its energy mix.
- The EBRD and Erste will provide parallel loans, worth $50.5 million each, including the associated debt service reserve facilities.
- The Pupin project is expected to begin operating commercially in the second half of 2025.
- The windfarm will also help to reduce the carbon intensity of Serbia’s power sector and advance its green economy transition.
Retrieved on:
Tuesday, November 26, 2019
LONDON, Nov. 26, 2019 (GLOBE NEWSWIRE) -- The European Bank for Reconstruction and Development (the EBRD) announces that, further to the press release issued by Erdene Resource Development Corp. (the Company or Erdene) on 15 October 2019, the EBRD has advanced an aggregate amount of US$5,000,000 (the Loan) to the Company pursuant to the convertible loan agreement it entered into with the Company on 11 October 2019 (the Convertible Loan Agreement).
Key Points:
- LONDON, Nov. 26, 2019 (GLOBE NEWSWIRE) -- The European Bank for Reconstruction and Development (the EBRD) announces that, further to the press release issued by Erdene Resource Development Corp. (the Company or Erdene) on 15 October 2019, the EBRD has advanced an aggregate amount of US$5,000,000 (the Loan) to the Company pursuant to the convertible loan agreement it entered into with the Company on 11 October 2019 (the Convertible Loan Agreement).
- The Loan bears interest at an annual rate of 10% and matures 36 months after the date of the Convertible Loan Agreement.
- The Loan and any unpaid Commitment Charges (as defined in the Convertible Loan Agreement) are convertible at the option of the EBRD at any time into common shares of Erdene at a conversion price per share of C$0.1995 plus the applicable Conversion Premium (as defined in the Convertible Loan Agreement).
- The EBRD has entered into the Convertible Loan Agreement for investment purposes.
Risen Energy is a leading China-based PV solutions provider that trades as an A-share on China's Shenzhen Stock Exchange.
Key Points:
- Risen Energy is a leading China-based PV solutions provider that trades as an A-share on China's Shenzhen Stock Exchange.
- In addition, Australia, the world's largest household energy storage market, is also an important marketplace for speeding up Risen Energy's globalization efforts.
- Construction of the 121MW Yarranlea photovoltaic power station, which was wholly acquired by Risen Energy in May 2018, has begun.
- Alongside the expansion roadmap into overseas markets, Risen Energy also rolled out what it has internally dubbed the "Two New" strategy, which calls for a continued focus on development in the new energy and new material fields, and the build out of a business portfolio encompassing battery modules, energy storage and new materials.
Risen Energy is a leading China-based PV solutions provider that trades as an A-share on China's Shenzhen Stock Exchange.
Key Points:
- Risen Energy is a leading China-based PV solutions provider that trades as an A-share on China's Shenzhen Stock Exchange.
- In addition, Australia, the world's largest household energy storage market, is also an important marketplace for speeding up Risen Energy's globalization efforts.
- Construction of the 121MW Yarranlea photovoltaic power station, which was wholly acquired by Risen Energy in May 2018, has begun.
- Alongside the expansion roadmap into overseas markets, Risen Energy also rolled out what it has internally dubbed the "Two New" strategy, which calls for a continued focus on development in the new energy and new material fields, and the build out of a business portfolio encompassing battery modules, energy storage and new materials.
NINGBO, China, May 24, 2018 /PRNewswire/ -- Leading Chinese solar panel manufacturer Risen Energy Co., Ltd. signed a mandate letter with the European Bank for Reconstruction and Development (EBRD) for financing construction a 63MW solar project in Kazakhstan during the 27th annual meeting of EBRD held on May 10, 2018 in Jordan.
Key Points:
- NINGBO, China, May 24, 2018 /PRNewswire/ -- Leading Chinese solar panel manufacturer Risen Energy Co., Ltd. signed a mandate letter with the European Bank for Reconstruction and Development (EBRD) for financing construction a 63MW solar project in Kazakhstan during the 27th annual meeting of EBRD held on May 10, 2018 in Jordan.
- Construction of the greenfield 63MW solar project will start in September and is scheduled to be completed in June 2019, with an average annual power capacity projected to reach 108,719 MWh after being put into operation.
- Earlier this year, EBRD and Risen Energy signed another mandate letter for financing of Risen Energy's 40MW solar project, also in Kazakhstan.
- Cooperation with EBRD will support Risen Energy in entering Kazakh solar market and becoming the first Chinese PV firm to build solar power stations in the country.
NINGBO, China, May 24, 2018 /PRNewswire/ -- Leading Chinese solar panel manufacturer Risen Energy Co., Ltd. signed a mandate letter with the European Bank for Reconstruction and Development (EBRD) for financing construction a 63MW solar project in Kazakhstan during the 27th annual meeting of EBRD held on May 10, 2018 in Jordan.
Key Points:
- NINGBO, China, May 24, 2018 /PRNewswire/ -- Leading Chinese solar panel manufacturer Risen Energy Co., Ltd. signed a mandate letter with the European Bank for Reconstruction and Development (EBRD) for financing construction a 63MW solar project in Kazakhstan during the 27th annual meeting of EBRD held on May 10, 2018 in Jordan.
- Earlier this year, EBRD and Risen Energy signed another mandate letter for financing of Risen Energy's 40MW solar project, also in Kazakhstan.
- Cooperation with EBRD will support Risen Energy in entering Kazakh solar market and becoming the first Chinese PV firm to build solar power stations in the country.
- "The partnership with EBRD opens a new chapter for Risen Energy's international project financing plan as it represents both a qualitative leap for and a significant step in the company's international expansion strategy.
