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The financial closing on the Polish site marks first step in the developer becoming an IPP
Wind division is expected to approach profitability this year
The €36m investment will support the development of 1GW of renewables by 2026
Cable maker is targeting operational EBITDA for 2028 to above €700m from previously above €550m
Results come as 1200MW MunmuBaram offshore project progresses
Revenue drops 61% for first nine months of 2024 due to lower energy park and project sales
HSBC-backed UKEF facility to support global offshore wind project expansion
Factors include low-risk appetite from investors and ineffective capital allocation model, finds report
EBITDA rose to €48m in the third quarter from €8m in the same period in 2023
Bank extends $21.3m loan to Red Sea Wind Energy