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Finance

Macquarie weighs sale of stake in UK offshore wind farm Race Bank -sources

LONDON, Oct 6 (Reuters) - Macquarie (MQG.AX) is considering selling its 25% stake in Race Bank, a 573 megawatt offshore wind farm located off Britain's Norfolk coast, according to two sources with knowledge of the matter.The infrastructure group is working with advisors on the sale, which could value the wind farm at up to 3 billion pounds ($3.66 billion), one of the people said. Race Bank started production in 2018 and provides enough power for the equivalent consumption of more than 510,000 homes, according to the website of Orsted (ORSTED.CO),...
Finance

Shortfall in climate change cash grows ahead of COP28

A general view shows the plenary hall during an international replenishment conference for the United Nations Green Climate Fund in Bonn, Germany, October 5, 2023. REUTERS/Wolfgang Rattay Acquire Licensing RightsUN climate fund adds cash but still below targetUN warns of surging need for funds to cope with climate changeJapan adds $1 bln to fund, US money still missingGermany asks China, Gulf states to contributeBERLIN/BRUSSELS, Oct 5 (Reuters) - The United Nations' main fund for helping vulnerable countries cope with climate change said on Thursday it had raised $9.3 billion, falling...
Banking

Bolivia’s Arce open to EU lithium tie-ups to rev battery metal output

Bolivia's President Luis Arce addresses the 78th Session of the U.N. General Assembly in New York City, U.S., September 19, 2023. REUTERS/Mike Segar/File Photo Acquire Licensing RightsNEW YORK, Sept 20 (Reuters) - Bolivia is open to tie-ups with European and other global companies for lithium exploration and extraction provided they adhere to the country’s conditions, president Luis Arce said on Wednesday."We are open to any company that wants to come to Bolivia, but the conditions are clear," Arce told Reuters in an interview, adding that his country wants to participate...
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