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hqdj Investors submit 34GW of wind, solar, storage for renewables zone in Australia
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Wjlu Hezbollah launches first attack since ceasefire, accuses Israel of violations
Chinas raw materials producers are at the forefront of falling industrial profits as poor demand and price deflation tear into margins at steel mills, metals smelters, chemicals firms and coal miners. While the pace of declines slowed in April across many sectors 鈥?in large part due to the base effect of comparing against last year when Shanghai was in lockdown 鈥?the weakening of profitability at coal mines worsened. Ferrous metals producers, which include the makers of adidas samba steel for buildings and cars, were the worst performers on a monthly basis. Also ReadChina, Japan commerce ministers trade protests at meeting in USThe profits figures are just the latest in a line of data that show Chinas economic recovery stalling, particularly in industries linked to manufacturing and construction.Coal miners in the worlds biggest producer are contending with a collapse in prices as rising domestic output is augmented by massive imports, lifting stockpiles to historically high levels. T adidas campus he benchmark price at Qinhuangdao port has dropped 18% this year to its lowest since the beginning of air force 1 2022. Underlining weak industrial demand for fuel, liquefied natural gas prices have fallen 40% since the start of the year.Also Read Trade War: Understanding Chinas stern response to US; a clear signal of economic warfare US-China trade war escalates: China hits back with retaliatory tariffs after Trumps threat Robust data critical for price stability in agriculture聽聽 Will the Union budget revive the Akxd Attack near Egypt s St Catherine s monastery kills one, injures three; Islamic State claims attack: Reports
Valued at 聙30 million, the deal is composed of a loan of 聙20 million from the EBRD and a 聙10 million credit facility from its partner. The money will be used to build six facilities within Oltenia in southern Romania. It will be the seventh project finance for EDPR in Eastern Europe, the cumulative value of which will stand at 聙505 million. The EBRD and EDPR have previously worked together on three wind farm projects within Romania. The country聮s renewables market has received 聙169 million in funding from the EBRD since 1991. The current solar energy capacity of Romania is 1,158 MW.Rui Teixeira, CFO of EDPR, said, The success in completing this financing agreement is once again a third party assessment of EDPR competences in developing quality assets. EDPR strategy encompasses adding quality assets to its portfolio and maintaining a sound financial po stanley cup sition, and third-party financing through a strong relationship with the consortium of banks supports EDPR strategy.聰EDPR has had a presence in Romania for a number of years. In 2012, it began construction on 39 MW of solar projects alongside its country partner the Renovatio Group. That deal followed a 2008 purchase of an 85% stake in Renovatio聮s 800 MW wind pipeline. Today, EDPR co-owns with Renovatio nearly 350 MW of wind projects in Romania.Riccardo Puliti, managing director for energy and natura stanley cup l resources at the EBRD, said recently, 聯The financing of th stanley cup e EDPR solar project is the third transaction
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