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MADRID (Reuters) - Spanish renewable energy firm Opdenergy is finalising plans to launch a share sale worth up to 412 million euros ($494.7 million) as it seeks to tap into investor demand for green assets, two sources familiar with the matter said on Thursday.
Opdenergy needs cash to expand its pipeline of photovoltaic plants and wind farms.
It wants to raise 375 million euros from a listing in Madrid, with a so-called greenshoe extension option which could take the overall deal size to just over 412 million euros, the sources told Reuters, speaking on condition of anonymity.
Opdenergy declined to comment.
After conducting initial conversations with potential investors, Opdenergy is set to decide on a price range for individual shares on Friday, the sources said.
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SHETLAND Islands Council is introducing a 40mph speed restriction on a stretch of the main A970 road south of Voe from tomorrow (Saturday).
The new zone covers three quarters of a mile at the north end of the Lang Kames.
It is intended to slow traffic down to a safe speed where Viking Energy wind farm access tracks will be joining the public road from both sides, at Hamarigrind and Scar Quilse.
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The speed limit signs have been in place for some days with the details covered up until the traffic order takes effect legally.
April 22, 2021
For decades, infrastructure for coal, oil, and gas was seen as a relatively safe investment delivering strong returns, and renewables barely attracted the private sector’s attention. While banks put up trillions of dollars financing new fossil-fuel assets, from mines to power plants, government funds furnished about 50% of the annual investment (pdf) in America’s solar sector as recently as 2004.
Today, that equation is reversing. The cost to finance new fossil-fuel infrastructure, especially coal, is rising, while the cost for new renewables is falling fast, according to a new study by the Sustainable Finance Programme at Oxford University in the UK.
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Under the Biden Administration, environmental sustainability as
a means to combat climate change has been thrust into the spotlight
as an emerging national imperative. This was made clear through
President Joe Biden s rejoining the Paris Agreement and later in his
Executive Order on Tackling the Climate Crisis at
Home and Abroad, in which he stated that the U.S. should aim
for net-zero emissions, economy-wide, by 2050. In the maritime
sector, the International Maritime Organization (IMO) has targeted
a cut in annual emissions from ships of at least 50 percent by 2050
Global energy demand to increase by 4.6% in 2021: IEA
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Global oil demand is forecast to rise 6.2% in 2021 but will still stay around 3% below 2019 levels. Natural gas demand is expected to grow by 3.2% in 2021, driven by rising demand in Asia, the Middle East, and Russia. The gas demand would exceed 2019 levels by 1%.
Agencies
Global oil demand is forecast to rise 6.2% in 2021 but will still stay around 3% below 2019 levels.
Global energy demand is set to increase by 4.6% in 2021, more than offsetting the 4% contraction in 2020 and pushing demand above 2019 levels, the International Energy Agency (IEA) has said in a report.
A demand recovery would also boost energy-related carbon dioxide emissions by almost 5% in 2021. “Global carbon emissions are set to jump by 1.5 billion tonnes this year – driven by in the resurgence of coal use in the power sector. This is a dire warning that the economic recovery from the Covid crisis is currently anything but