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Equinor, Polenergia reach €6bn financial close for Bałtyk offshore wind projects
Equinor, Polenergia reach €6bn financial close for Bałtyk offshore wind projects

Yahoo

time26-05-2025

  • Business
  • Yahoo

Equinor, Polenergia reach €6bn financial close for Bałtyk offshore wind projects

Equinor and Polenergia have announced the financial close for the Bałtyk 2 and Bałtyk 3 offshore wind projects with a combined value exceeding €6bn ($6.8bn). The transaction represents the largest project finance transaction in Poland's energy industry, according to Polenergia. The Bałtyk 2 and Bałtyk 3 projects, jointly developed by Equinor (50%) and Polenergia (50%), have secured project finance packages of over €3bn each. This milestone involves around 30 Polish and international financial institutions, including Bank Gospodarstwa Krajowego (BGK), European Investment Bank (EIB), and Nordic Investment Bank (NIB), alongside guarantees from the Polish export credit agency, KUKE, and cover policies from Euler Hermes. Polenergia CEO Adam Purwin said: 'We have secured financing from around 30 institutions - the biggest players in the international financial market — and obtained exceptionally favourable terms in what has been a challenging market in recent months. 'We are now entering the construction phase so that in three years, clean energy from state-of-the-art turbines will flow into Polish homes.' The Bałtyk 2 and Bałtyk 3 offshore wind farms, to be developed in parallel, will consist of 100 fixed-bottom turbines with a total capacity of 1.4GW. The projects were awarded Contracts for Difference in 2021, locking in power prices for 25 years, with inflation indexation. On 19 May, the joint venture partners took final investment decisions for both projects, advancing them into the full-scale construction phase. Equinor will oversee the construction and operation of the wind farms, with onshore construction already underway and marine operations set to commence next year. Equinor senior vice president for renewables Europe Trine Borum Bojsen said: 'With financial close reached for Bałtyk 2 and Bałtyk 3, the last important milestone is passed ahead of full-scale construction. 'We appreciate the strong interest and support from lenders. This underpins the attractiveness of the projects and the confidence in Polenergia and Equinor as developers.' The initiative is set to significantly bolster Poland's energy security and independence, with full commercial power production anticipated in 2028, providing power to more than two million Polish households. Equinor and Polenergia recently secured the final environmental decision for the development of the Bałtyk 1 offshore wind farm. With a planned capacity of up to 1.56GW, Bałtyk 1 is being prepared for Poland's offshore wind farm auction in 2025. "Equinor, Polenergia reach €6bn financial close for Bałtyk offshore wind projects" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio

2 Young Boys Find a Message in a Bottle, a Handwritten Love Letter from 1959, While Walking Near a Beach
2 Young Boys Find a Message in a Bottle, a Handwritten Love Letter from 1959, While Walking Near a Beach

Yahoo

time24-05-2025

  • Entertainment
  • Yahoo

2 Young Boys Find a Message in a Bottle, a Handwritten Love Letter from 1959, While Walking Near a Beach

Two young boys found a handwritten love letter from 1959 in a bottle while recently walking near a beach in Poland The faded note from 66 years ago was addressed to "Bunny" from a young girl identified as "Rysia" The two preteens have since contacted a museum with hopes of fully identifying and locating the letter's authorTwo young boys made a lovely discovery! The 10-year-old children, named Eryk and Kuba, found a message in a bottle — a handwritten love letter from 1959 — while recently walking near a beach, according to UPI. Eryk and Kuba were hiking by Stogi Beach in Gdańsk, Poland, when they made the discovery, the outlet reported. Inside the bottle was a faded note from 66 years ago that was addressed to "Bunny" from a young girl, who was identified only as "Rysia," per Ammon News. Never miss a story — sign up for to stay up-to-date on the best of what PEOPLE has to offer​​, from celebrity news to compelling human interest stories. In the letter, UPI reported that Rysia wrote about her feelings of loneliness while attending school in the nearby Polish city of Tarnów, which is over 420 miles away from Gdańsk. "I assure you that I am quiet and modest, I do not make friends with anyone, I simply avoid men," Rysia wrote, per the outlet. The PEOPLE Puzzler crossword is here! How quickly can you solve it? Play now! She then detailed, according to UPI, her strong feelings for the message's intended recipient. "My dear, I am a terrible egoist, I only write about myself, but I only think about you, I see you at every moment," Rysia penned. is now available in the Apple App Store! Download it now for the most binge-worthy celeb content, exclusive video clips, astrology updates and more! According to Ammon News, Eryk and Kuba have made an effort to find the letter's author. The outlet reported that the two preteens have contacted a museum in Tarnów with hopes of fully identifying — and later locating — Rysia. Read the original article on People

The phone habit that helps you instantly spot a narcissist, according to psychologist
The phone habit that helps you instantly spot a narcissist, according to psychologist

Daily Mail​

time23-05-2025

  • Health
  • Daily Mail​

The phone habit that helps you instantly spot a narcissist, according to psychologist

Psychologists have warned excessive use of social sites like Instagram and TikTok is a tell-tale sign that someone is a narcissist. The unpleasant personality trait is characterised as a tendency to be self-centred, have a grandiose sense of self, lack of empathy and a need for admiration. Those who exhibit narcissistic tendencies are more likely to develop mental health problems, have relationship difficulties and struggle with substance abuse, studies show. A new study has revealed an easy way to instantly tell if you—or someone close to you—has the dreaded tendencies; by noting if they compulsively use social networking sites and struggle to stop. These two details suggest that a person suffers with social media addiction, the researchers from the University of Gdańsk in Poland said. The scientists set out to identify links between various forms of narcissism and addiction to social networking sites. They did this by conducting two surveys with 665 people who use social media, with an eight month gap between each poll. The results showed those with certain narcissistic tendencies were more likely to be addicted to social media sites. Some traits of narcissism, like heroism (wanting to be admired), rivalry (competing with others), and admiration (seeking praise), were found to be consistent in those with social media addiction. However, others, like enmity (being angry at others) and isolation (being distant), were found to be more present with increased usage, suggesting these behaviours are a side effect of addiction. The link is thought to lie in the fact narcissistics tend to be obsessed with their image, and many social sites are focused on how other people see you. The researchers flagged wider risks of social media addiction, including little real-life social engagement, sleep disturbances, and troubles with academic or job performance. Symptoms of the disorder include compulsive checking, an inability to cut back despite negative consequences and emotional dependence on online interactions. It is most common in people with low self-esteem, loneliness, and fear of missing out, the scientists wrote in the Journal of Research in Personality. In the study, the researchers examined six types of narcissism: admiration, rivalry, enmity, isolation, heroism, and sanctity. They found that all forms of narcissism except sanctity (self-promotion) were associated to social media addiction. Almost half of British teenagers say they feel addicted to social media and around one in eight adults suffer from a form of behavioural addiction, including excessive use of the internet, according to 2024 research by University of Cambridge. It's estimated that around 1 in 20 people in the UK have a diagnosis of the mental disorder narcissistic personality disorder, but the number of those who display narcissistic traits remains unknown. Narcissists can be can be manipulative, controlling, volatile and emotionally abusive, and they may withhold love and compassion from their partners or children. Research published in the journal Frontiers in Psychology also found eating meat was a tell-tale sign linked to the personality disorder—particularly if the person provides a 'hierarchical justification' like 'humans are at the top of the food chain.'

Polish power company Enea signs $2.4 billion loan deal for grid upgrades
Polish power company Enea signs $2.4 billion loan deal for grid upgrades

Reuters

time21-05-2025

  • Business
  • Reuters

Polish power company Enea signs $2.4 billion loan deal for grid upgrades

GDANSK, May 21 (Reuters) - Enea has signed a 9.13 billion zloty ($2.44 billion) loan agreement with state-owned Bank Gospodarstwa Krajowego (BGK) under the EU's Recovery and Resilience Facility, the Polish power utility said on Wednesday. The funds will be used to upgrade Enea's power distribution infrastructure in northwestern Poland, aiming to improve the quality and security of electricity supply and enhance grid capacity to integrate renewable energy sources. ($1 = 3.7420 zlotys)

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