November 12, 2009
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Energy & Renewables Newsletter November 12, 2009 |
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| This Week´s Featured News Stories |
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Up to GBP 1.4bn in new loans for onshore wind farms
Three UK-based banks will start offering new loans to eligible onshore wind farms. Wind farm developers and the banks will have an opportunity to start brokering the deals at a forum in the city hosted by Ed Miliband and Chancellor Alistair Darling. The scheme - supported by HMTreasury and Department of Energy and Climate Change - could enable around £1.4bn of onshore wind projects to move to construction over the next 3 years. The European Investment Bank (EIB) will provide up to £700 million of the new finance, with the remainder matched by RBS, Lloyds Banking Group and BNP Paribas ... |
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E.ON UK, RWE npower nuclear joint venture fully established
RWE npower and E.ON UK have announced further details of their nuclear joint venture, which is to be called Horizon Nuclear Power. The company will begin operation from 16 November working from new headquarters near Gloucester. The 50:50 joint venture was created in January and aims to develop around 6,000MW of new nuclear capacity in the UK – enough to power a city the size of Greater London – by 2025. The first reactor is expected to come online around 2020. Earlier this year the company secured development land at Wylfa on Anglesey and Oldbury-on-Severn in South Gloucestershire. ... |
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