Latest news with #JohnFeeney
Irish Independent
5 days ago
- Business
- Irish Independent
Bank of Ireland backs world's second-largest offshore windfarm with £80m commitment
The project, which is located approximately 70 miles off the English coast in the North Sea, is currently being delivered by a consortium made up of international lenders. Once fully operational, East Anglia 3 will have the capacity to generate approximately 1.4 gigawatts of electricity, which is the equivalent of supplying over 1.3 million homes with clean, renewable power. The completed site will feature a total of 95 wind turbines Construction officially commenced in April of this year, and offshore activity is already well underway. The completed site will feature a total of 95 wind turbines, each of which will stand at a height of approximately 85 metres. The electricity generated by the turbines will be transmitted to shore through an extensive system of undersea cabling. Bank of Ireland has partnered with a total of 23 other major banking institutions, alongside the Export and Investment Fund of Denmark (EIFO), in order to jointly co-ordinate and structure the financial framework required for the delivery of the project. East Anglia 3 represents one of the largest 'green' investments undertaken by Bank of Ireland to date. It coincides with the bank's previously announced £98m financing commitment to Inch Cape, a 1.1 gigawatt offshore, a windfarm currently under development off the coast of Scotland. This project builds on our proven track record in renewable energy financing John Feeney, chief executive of Bank of Ireland's Corporate and Commercial Banking division, expressed his support for the development. 'East Anglia 3 is exactly the kind of transformative investment that Bank of Ireland aims to support, one that drives innovation, accelerates the energy transition, and delivers lasting environmental and social benefits,' he said. 'This project builds on our proven track record in renewable energy financing. We will draw on our growing portfolio and expertise in large-scale international projects to help shape and support the future of offshore wind in Ireland.' As part of its broader environmental and sustainability strategy, the bank has set itself an ambitious target of providing €30bn in sustainability-related lending by the year 2030. The bank has already committed over €15bn by the early part of 2025.
Irish Times
6 days ago
- Business
- Irish Times
Bank of Ireland putting more than €90m into offshore wind farm
Bank of Ireland is lending £80 million (€91.6 million) for an offshore UK wind farm in one of its largest green investments to date. The bank is part of a consortium of international lenders backing what will be the world's second largest offshore wind farm when it comes into operation next year. Located in the North Sea, East Anglia 3 is about 70 miles off the east coast of England and roughly opposite the Dutch coastline. It will have a projected capacity of 1.4 gigawatts of clean energy, enough to power the equivalent of more than 1.3 million homes. When completed, it will feature 95 offshore wind turbine generators and an offshore converter station. Electricity generated will be transmitted to England via subsea cables. Offshore construction began in April with each foundation measuring up to 85 metres in length and weighing as much as 1,800 tonnes. READ MORE Bank of Ireland worked with 23 other banks and the Danish Export Credit Agency to design and structure financing for the project. Along with its £98 million financing commitment to Inch Cape, a 1.1 gigawatt wind farm being developed off the east coast of Scotland by Red Rock Renewables and the ESB, Bank of Ireland said East Anglia 3 was its largest green investments to date. The bank is targeting €30 billion in sustainability-related lending to households and businesses by 2030. It reached the halfway point of that target during the first quarter of this year. John Feeney, chief executive of Bank of Ireland's corporate and commercial banking division, said East Anglia 3 is 'exactly the kind of transformative investment that Bank of Ireland aims to support'. He said it would 'drive innovation, accelerate the energy transition and deliver lasting environmental and social benefits'.
Mint
16-06-2025
- Business
- Mint
Gold price today: MCX Gold dropped 1.44% to ₹98,825 as early gains wore off amid Israel-Iran conflict
Gold price today: Gold futures on the Multi Commodity Exchange (MCX) dropped 1.44 per cent or by ₹ 1,451 per 10 grams on Monday, 16 June 2025, as the early gains eroded due to the easing investor tensions over other nations involving themselves in the Israel-Iran conflict, and weak global cues. Gold futures for the August 2025 contract dropped 1.44 per cent or by ₹ 1,451 per 10 grams to an intraday low of ₹ 98,825 per 10 grams on Monday's commodity market session, compared to ₹ 1,00,276 per 10 grams at the previous market close. As of 10:39 p.m. (IST), the gold futures on the MCX are trading 1 per cent lower at ₹ 99,274 per 10 grams, according to the official data. Meanwhile, Silver futures were flat after a volatile session on Monday, at ₹ 1,06,563 per kilogram, compared to ₹ 1,06,493 per kilogram at the previous commodity market session. A sell-off in these precious commodities shows a reduced appetite for safe-haven assets and a shift in investor demand for riskier assets like stocks, as they regain confidence amid easing global uncertainty. Global gold also edged lower after a rise in the early session on Monday as investor tensions eased amid the Israel-Iran conflict. The US-based Comex Gold dropped to $3,390 an ounce as the two nations exchanged fire for the fourth day on 16 June, reported the news agency Bloomberg. 'Prices are still very close to the record, and given the geopolitical situation, any further escalation will push them higher,' John Feeney, an analyst at Guardian Gold Australia, told the news agency. 'Gold has performed very well as a haven recently, and it seems a lot of investors are moving funds out of US bonds and into the metal over the longer term,' he said. The spot gold price also dropped 0.89 per cent to $3,401.96 per ounce as of 11:11 a.m. in New York, according to the agency report.
Yahoo
16-06-2025
- Business
- Yahoo
Gold Steady Near Record High as Mideast War Drives Haven Bids
(Bloomberg) -- Gold was steady near a record high as an escalating conflict between Israel and Iran drove investors toward haven assets. Shuttered NY College Has Alumni Fighting Over Its Future As Part of a $45 Billion Push, ICE Prepares for a Vast Expansion of Detention Space Do World's Fairs Still Matter? NYC Renters Brace for Price Hikes After Broker-Fee Ban As American Architects Gather in Boston, Retrofits Are All the Rage The precious metal erased gains made earlier on Monday to trade close to $3,430 an ounce, about $70 short of an all-time peak set in April. The two countries continued to hit each other with barrages of missile and drones, with the hostilities pushing up energy prices on the threat to energy infrastructure and transport in the region. The sudden upsurge of geopolitical risk has added more impetus to a rally that's primarily been driven by the threat to global economic growth from President Donald Trump's aggressive tariff agenda. Gold has rallied more than 30% in 2025, with central banks seeking to diversify away from the dollar being another significant driver. 'Prices are still very close to the record, and given the geopolitical situation any further escalation will push them higher,' said John Feeney, an analyst at Guardian Gold Australia. 'Gold has performed very well as a haven recently, and it seems a lot of investors are moving funds out of US bonds and into the metal over the longer term.' A 1.4% jump in the precious metal on Friday came after a two-day gain as weak US inflation and jobs data fueled bets the Federal Reserve will cut interest rates later this year. Lower rates tend to benefit bullion as it doesn't pay any interest. Spot gold dipped 0.2% to $3,427.25 an ounce as of 12:59 p.m. in Singapore. The Bloomberg Dollar Spot Index added 0.1% after dropping 0.8% last week. Silver edged lower, while platinum and palladium advanced. American Mid: Hampton Inn's Good-Enough Formula for World Domination The Spying Scandal Rocking the World of HR Software As Companies Abandon Climate Pledges, Is There a Silver Lining? New Grads Join Worst Entry-Level Job Market in Years US Tariffs Threaten to Derail Vietnam's Historic Industrial Boom ©2025 Bloomberg L.P. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
16-06-2025
- Business
- Yahoo
Gold Edges Toward Record High as Mideast War Drives Haven Bids
(Bloomberg) -- Gold rose toward a record high as an escalating conflict between Israel and Iran drove investors toward haven assets. Shuttered NY College Has Alumni Fighting Over Its Future As Part of a $45 Billion Push, ICE Prepares for a Vast Expansion of Detention Space Do World's Fairs Still Matter? NYC Renters Brace for Price Hikes After Broker-Fee Ban As American Architects Gather in Boston, Retrofits Are All the Rage The precious metal climbed as much as 0.6% in Asia to near $3,450 an ounce, about $50 short of an all-time peak set in April. The two countries hit each other with barrages of missile and drones over the weekend, with the hostilities pushing up energy prices on the threat to energy infrastructure and transport in the region. The sudden upsurge of geopolitical risk has added more impetus to a rally that's primarily been driven by the threat to global economic growth from President Donald Trump's aggressive tariff agenda. Gold has rallied more than 30% in 2025, with central banks seeking to diversify away from the dollar being another significant driver. 'Prices are still very close to the record, and given the geopolitical situation any further escalation will push them higher,' said John Feeney, an analyst at Guardian Gold Australia. 'Gold has performed very well as a haven recently, and it seems a lot of investors are moving funds out of US bonds and into the metal over the longer term.' The 1.4% jump in the precious metal on Friday came after a two-day gain as weak US inflation and jobs data fueled bets the Federal Reserve will cut interest rates later this year. Lower rates tend to benefit bullion as it doesn't pay any interest. Spot gold rose 0.3% to $3,441.35 an ounce as of 9:14 a.m. in Singapore. The Bloomberg Dollar Spot Index added 0.1% after dropping 0.8% last week. Silver edged lower, while platinum and palladium advanced. American Mid: Hampton Inn's Good-Enough Formula for World Domination The Spying Scandal Rocking the World of HR Software New Grads Join Worst Entry-Level Job Market in Years As Companies Abandon Climate Pledges, Is There a Silver Lining? US Tariffs Threaten to Derail Vietnam's Historic Industrial Boom ©2025 Bloomberg L.P. Sign in to access your portfolio
