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European Energy reports strong growth


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European Energy has released its annual report for 2020, and the key figures underline the remarkable growth as EBITDA grew by 38% to €61.2 million, gross profit saw growth of 29% to €73.9 million, and equity stood at €235.3 million following a 71% rise since the end of 2019. European Energy is on a path of strong growth, and the company is prepared for further growth in the coming year.
“Our business model has shown its strength in 2020. The pandemic has been tough, but we have experienced that the uncertainty has increased the willingness to invest in a green future. Renewable energy has now become a safe harbour in troubled waters for investors”, says Knud Erik Andersen, Chief Executive Officer of European Energy. ....

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CIP announces plans to build Power-to-X facility


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At a press conference in Esbjerg, Denmark, Copenhagen Infrastructure Partners (CIP) has unveiled plans for the establishment of a European production facility of CO
2-free green ammonia. The project will be located in the town of Esbjerg on the west coast of Denmark, where the Power-to-X-facility will convert power from offshore wind turbines to green ammonia. This will be used by the agriculture sector as CO
2-free green fertilizer and by the shipping industry as CO
2-free green fuel. The excess heat will be used to provide heating for around one third of the local households in Esbjerg. The facility will consist of 1GW electrolysis. Ultimately, this is expected to reduce CO ....

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