The Danish solar company Nordic Solar A/S has secured a USD 36.7 million non-recourse loan from Swedbank to finance its 100-MWp Moletai photovoltaic (PV) farm in Lithuania. Located in the Moletai region, approximately 60 km from Vilnius, this solar park is the largest in Lithuania and utilizes
Romanian hydropower company Hidroelectrica, listed on the Bucharest Stock Exchange as ##O, has re-opened the tender for the refurbishment and upgrade of its Bradisor Hydropower Plant. Initially, the refurbishment project, budgeted at about EUR 75 million, failed to attract any bids, prompting
Shanghai Electric Wind Power Group, a subsidiary of the Shanghai Electric Group, has made significant strides in the Asian offshore wind market with the introduction of two state-of-the-art Offshore Service and Operations Vessels (SOVs). Named Zhizhen 100 and Zhicheng 60, these vessels are set to
Hanwha Energy Corp. is embarking on a significant initiative to transform its coal-powered combined heat and power (CHP) plant in Gunsan, South Korea, to biomass. This initiative aims to reduce carbon emissions and cater to the growing demand for eco-friendly energy solutions. Hanwha Energy
Clifford Chance Badea, a notable player in the legal realm, has once again illustrated its expertise and commitment to the renewable energy sector by guiding Nofar Energy through a critical financial undertaking. At the heart of this initiative was the EUR 122 million term loan facility agreement
In recent years, the transition to clean energy has become more critical than ever, with environmental concerns and the urgency to combat climate change driving significant investments in renewable energy sources. One such investment is Ørsted's substantial $4 million commitment to environmental
