Wood Secures Over €1 Billion Funding for Clean Energy Projects in Europe
Key Ideas
- Wood's expertise facilitated the securing of funding for major clean energy projects in Europe, including a large onshore wind farm in Lithuania and a significant onshore wind portfolio in Sweden.
- The projects are set to make a substantial impact on reducing carbon emissions, powering households, and supporting the diversification of the energy mix in the region.
- Wood's involvement in the Catalina green hydrogen project in Spain, aiming to produce green hydrogen through wind and solar energy, highlights their commitment to innovative and sustainable energy solutions.
- With a strong focus on renewable energy projects and expertise in technical and commercial feasibility, Wood is positioned as a key player in advancing Europe's clean energy agenda.
Wood, a global consulting and engineering leader, has successfully secured more than €1 billion in funding for clean energy projects in Europe, enabling three significant ventures to progress towards final investment decisions. In Lithuania, Wood played a crucial role in advancing the nation's largest onshore wind farm, set to power over 270,000 households and reduce carbon emissions by 200,000 tonnes annually. Additionally, Wood supported Renewable Power Capital in finalizing financing for a 553 MW onshore wind portfolio in Sweden, contributing to emissions reduction in the country's industrial sector. Furthermore, Wood is actively involved in the Catalina green hydrogen project in Spain, which recently received €230 million in funding from the European Hydrogen Bank. This innovative project combines wind and solar energy to produce green hydrogen, showcasing Wood's dedication to sustainable energy solutions. With a focus on technical and commercial feasibility, Wood continues to lead in advancing Europe's clean energy agenda, playing a pivotal role in the region's transition towards renewable energy sources.
Topics
Power
Renewable Energy
Investment
Engineering
European Market
Project Management
Wind Energy
Solar Energy
Consulting
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