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NEW SIGNIFICANT INVESTMENTS IN GREEN HYDROGEN
In order to develop green hydrogen and renewable technology, Egypt has signed seven Memoranda of Understanding with international developers regulating this field. In this way, Egypt has opened the door for investment worth 40 billion dollars, according to the World…
ABB secures $150 million traction contract to power Australia’s QTMP trains and announces new facility in regional Queensland
ABB has been awarded a USD$150 million contract in February 2024 to supply complete traction packages, as well as engineering and service support for each of the 65 six-car passenger trains to be delivered by the Queensland Train Manufacturing Program…
NEW EU INVESTMENTS IN HYDROGEN INFRASTRUCTURE DEVELOPMENT
The European Commission has approved a joint project of seven member states called IPCEI Hi2Infra, a third important project of common European interest aimed at supporting hydrogen infrastructure. France, Germany, Italy, the Netherlands, Poland, Portugal and Slovakia participated in drafting…
Additional EBRD loan and EU grant for Corridor Vc in Bosnia and Herzegovina
The construction of Corridor Vc, a key infrastructure project in Bosnia and Herzegovina that the European Bank for Reconstruction and Development (EBRD) supports, is progressing with new financing from the EBRD, European Union (EU) and local commercial banks. The EBRD…
EBRD and EU finance Serbian businesses via OTP Banka Serbia
The European Bank for Reconstruction and Development (EBRD) is providing 60 million euros in financing to OTP Banka in Serbia. As part of the financial package, 10 million euros will be lent through the EBRD’s small and medium-sized enterprise (SME)…
Financial headwinds for renewables investors: What’s the way forward?
The impressive growth in clean energy investments in recent years has been led by renewable power. Annual spending on solar PV and wind projects has risen by more than USD 300 billion in the last five years, and now accounts…
ABB signs 500 million euros EIB financing to further drive smart and sustainable electrification technologies
ABB and the European Investment Bank (EIB), the lending arm of the European Union, have signed a 500 million euros financing agreement to support ABB’s research and development in its Electrification business area. Global demand for electricity is growing 10…