Up to €400m being offered for renewable energy projects at mines

By Myles McCormick
Published: Wednesday, 28 October 2015

The funds put forward by an international renewable energy finance company are aimed at addressing the problem of the need for substantial up front capital expenditure, which has been a barrier to renewable projects of this kind in the past.

An agreement between Munich, Germany-based energy consultancy THEnergy and an unnamed international renewable energy finance company will see €200-400m ($221-442*) made available for solar and wind based diesel hybrid energy storage projects.

Under the deal, the fund will act as an independent power producer and offer power purchase agreements to mining...

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