Mr. Guido Bichisao, Head of Division of Financial Engineering and Advisory Services within the EIB gave a presentation at the Carbon Markets Insight 2011 conference held in Amsterdam from 1-3 March 2011. The presentation discussed the EIB's role in the NER300 monetisation scheme as outlined in the Cooperation Agreement signed with the European Commission.
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Latvia to get solar-power boost as energy company Sunly receives almost €85 million international financing
Latvia is set to get more clean energy as a result of almost € 85 million in international financing for renewable-electricity provider Sunly. Estonia-based Sunly will use the loans from the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD) and SEB to build four solar parks in Latvia with total capacity of 329 megawatts (MW) – enough to meet the annual electricity consumption of up to 180,000 households.