EBRD finances 220MW Polish wind giant

02/05/2019 09:03 Wind


The European Bank of Reconstruction and Development (EBRD) is supporting the development of the 220MW Potegowo wind farm in Poland with a loan of PLN209m (€48m).

Potegowo, which is the first renewables project the bank has supported in the country in three years, is situated in north-east Poland.


The plant is being built and operated by Potegowo Mashav, a special purpose vehicle incorporated in Poland and majority-owned by the Israel Infrastructure Fund, for a total cost of €290m.


The wind farm is expected to reduce carbon dioxide emissions by 480,000 tonnes annually.

Source: renews.biz

Daily (16.10.2019): The EUAs spiked by around 6.4% on Tuesday after an optimistic breakthrough in Brexit process

16/10/2019 11:14:00

Crude oil prices extended their fall on Tuesday, as the uncertain outlook for the Sino-American trade negotiations, coupled with indicators of an economic slowdown in China fueled worries over global crude demand. The high level of U.S. crude stocks added pressure on prices. Consequently, WTI futures lost 1.5% to close at $52.81 a barrel, while Brent crude traded 1% down at $58.74 a barrel. However, hopes for a timely Brexit deal and signals of possible oil supply cuts from OPEC reduced losses.


‘UK needs 120GW of new low carbon capacity to go net zero by 2050’

16/10/2019 10:50:00

The UK’s legally-binding target to reach net zero emissions by 2050 will require more than 120GW of new low carbon capacity.


PGNiG makes oil and gas discovery at Skarv field in Norwegian Sea

16/10/2019 10:46:00

PGNiG Upstream holds 40% share in the PL838 license, which is located in the Norwegian Sea and is directly adjacent to the Skarv and Ærfugl licenses