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KGHM copper and silver producer signs new deal with EIB
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Georgia: Team Europe - EIB to support procurement of vaccines and COVID-19 related medical equipment with EUR 50m
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Delegation of the European Union to Georgia (via Public) / Team Europe: EIB to support procurement of vaccines and COVID-19 related medical equipment in Georgia with EUR 50m
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A subsidiary of Total Eren is to receive almost €88m in funding for a 100MW solar farm in Uzbekistan from the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB) and Proparco, a subsidiary of Agence Francaise de Developpement.
The €87.7m finance is for Tutly Solar and will help fund the project near the city of Samarkand.
It will consist of an EIB loan of €43.7m and two loans of approximately €21.8m each from the EBRD and Proparco.
The project will help reduce annual greenhouse gas emissions by 160,000 tonnes of carbon dioxide equivalent and generate 270 gigawatt-hours of electricity.
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Green cement company Ecocem has announced the completion of a €22.5 million equity investment by Breakthrough Energy Ventures (BEV) and Breakthrough Energy Ventures-Europe (BEV-E). BEV will also nominate a director to the company’s Board of Directors.
This investment will enable Ecocem to bring new ultra-low-carbon cements to the market over the coming years. These new products will draw on Ecocem’s deep knowledge in slag-based cements and incorporate new materials and technologies developed by the company.
The manufacture of cement generates 7% of global CO
2 emissions. Progress in decarbonisation has been limited by the high level of process-related CO
2 emissions of cement clinker manufacture. The sector faces high investment and high operating costs from the deployment of Carbon Capture and Storage/Use (CCSU) beyond 2030. Only limited further decarbonisation potential is foreseen this decade.