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Volvo Cars successfully places first green bond, raises €500M

Green Car Congress

The proceeds of the bond will be used to fund the design, development and manufacturing of fully electric cars in line with the company’s recently established Green Finance Framework. The settlement date is expected to be 7 October 2020 and the bonds will be listed on the Luxembourg Stock Exchange.

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Volvo Cars raises €500M for electrification through second green bond issue

Green Car Congress

The bond was oversubscribed three-times, despite challenging global market conditions. The bond matures on 31 May 2028, pays a fixed coupon of 4.25%, equivalent to 291 basis points above mid-swap, and will be listed on the Luxembourg Stock Exchange. By mid-decade, it aims for half of its global volume to consist of pure electric cars.

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Europe’s Most Financed Luxury Car Brand

EV Info

Latest research from Specialist Car Finance Experts, Forza Finance , has revealed that BMW is the most popular luxury car brand to finance in 16 of Europe’s 44 countries including the UK & Ireland based on finance rather than sales or units. Forza – Car Finance Map of Europe Infogram. Methodology.

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Si anode company LeydenJar secures €30M EU backing for silicon anode foil factory

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Now, the EIB’s financing will help it to develop and install a set of larger machines to demonstrate the first-of-its-kind production of the anode material at industrial scale. This financing is supported by the InnovFin Energy Demonstration Projects of the European Commission, funded by EU’s research & innovation framework program.

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Energy Crop Company Ceres Completes New Round of Financing

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The proceeds will be used, in part, to expand the company’s research and commercialization activities in the advanced biofuels and biomass-to-power markets. Ceres President and CEO Richard Hamilton says that Ceres plans to build a leadership position in each of these markets.

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Daimler Financial Services acquires PayCash Europe SA; launching “Mercedes pay” e-payment system

Green Car Congress

“Mercedes pay” will be integrated into Daimler Mobility Services GmbH, a subsidiary of Daimler Financial Services, and incorporates a number of different mobility services, including the market leader in car-sharing, car2go, and the mytaxi taxi app, which operates in nine European countries.

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Zero Carbon Lithium company Vulcan acquires geothermal plant; brine offtake agreement with geox

Green Car Congress

The Vulcan team remains focused on developing our world-first dual renewable energy and Zero Carbon Lithium business, with phase 1 production to supply the EU battery market targeted for CY2024. —Vulcan’s Managing Director Dr. Francis Wedin. Brine offtake.

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