Sunly has secured €300 million to build renewable energy projects
Sunly, an Estonian renewable energy producer, has received €300 million in debt financing from Rivage Investment through REDI HR2, its second high-yield infrastructure debt fund, and its Fund for Climate Solutions Infrastructure, as well as from Copenhagen Infrastructure Partners (CIP) through their Green Credit Fund I and additional participation from the Norwegian largest pension company, Kommunal Landspensjonskasse (KLP), through funds managed by CIP.
This financing will accelerate the construction of 1.3 GW of solar, wind, storage, and hybrid power plants across the Baltic countries and Poland. The portfolio includes hybrid solar power plants in Lithuania and several solar power parks in Poland, all set to be completed by the end of 2026.
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World's first hydrogen and electricity powered train created
Stadler Rail has unveiled an innovative fleet of railcars capable of running on both hydrogen and electric batteries. The new train, called RS Zero, promises to be an environmentally friendly solution for rail transportation.
The RS Zero is capable of traveling up to 700 kilometers on a single tank of hydrogen. The two-car configuration increases the range to 1,000 kilometers. For models with ba
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Giant wave energy converter prepares for launch in Australia
A unique project - a prototype multi-particle wave energy converter - is being launched in the Australian port city of Albany on King George Bay. It was developed by the Marine Energy Research Center of the University of Western Australia.
The M4 prototype has impressive dimensions - 24 meters long and 10 meters wide, which corresponds to the average wave length in King George Bay. It consists of