Category: 3. Business

  • Türkiye: Preliminary Project Preparation Study for Floating Solar PV Plants

    The European Bank for Reconstruction and Development (the “EBRD” or the “Bank”), within its Green Economy Transition (“GET”) approach, is committed to scale up financing of projects that advance the transition to environmentally sustainable, low-carbon economies in its Countries of Operation (“CoO”), including advanced and innovative renewable energy solutions.

    Besides mature ground-mounted applications, floating solar PV power plants are becoming increasingly popular as costs continue to fall and the interest of reducing land use starts to grow. Quite a few floating applications have become operational or are under construction around the world, ranging in size from a few MW to hundreds of MW each (the biggest currently in operation is the 1 GW Dongying Offshore Floating Solar Farm in China). The total cumulative capacity will likely exceed 10 GW by the end of 2025, driven heavily by large projects in the Asia-Pacific region (China, India, Indonesia). The project pipeline exceeds 60 GW, indicating significant planned growth.

    Floating PV has the advantage of performing better in hot and humid ambient conditions in comparison with ground-mounted plants due to the combined effect of water and wind cooling on panels and cables. Additionally, floating PV has been found to contribute to water conservation due to the ability to reduce water evaporation and algae growth.

    The present study specifically focuses on the viability of developing a cumulative floating PV capacity of up to 3,000 MW over the surface of [3] lakes (the “Projects”).

    The ability to rely on the related existing high-voltage grid infrastructure for the Projects would be an obvious technical and economic advantage. The lakes have a vast theoretical potential for floating PV – in this sense, the choice of the location and design capacity of the Projects is expected to be driven by technical, economic, environmental and considerations on other existing uses of the reservoirs, while still being large enough to be potentially meaningful in terms of electricity production and replicability of the concept.

    As an important side benefit, the Projects might help increasing the water available downstream of the lakes for irrigation and civil uses, thanks to its possible contribution to reducing water evaporation losses. At the same time, the study will carefully consider the possible environmental and social risk and impacts associated with of the Projects including impacts to biodiversity and the local ecosystem, as well as lakes users including irrigation, fishing and recreational activities, energy production, etc., and how these can be addressed and mitigated in line with good international practice.

    The Consultant will be guided by the environmental and social issues considered in EBRD’s Environmental and Social Policy and its associated Performance Requirements.

    The main objective of the assignment is to study and identify the main technical characteristics of the Projects to ensure they meet best international practice, minimise technical, environmental and social risks.

    The main tasks of the study are to support the EBRD and the relevant stakeholders in Türkiye in defining the main features of the Projects, including the overall size and potential locations in each lake, the anticipated investment costs and electricity production estimates, the identification of the main preliminary technical specifications as well as any regulatory or market issues that need to be addressed for the implementation of the Projects.

    The main Counterparts for the assignment will be the Ministry of Energy and Natural Resources, the Electricity Generation Company (EUAS) and the Turkish Electricity Transmission Company (TEIAS).

     

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  • Great British Rail Sale launches with £3 fares for East Anglia passengers – Greater Anglia

    1. Great British Rail Sale launches with £3 fares for East Anglia passengers  Greater Anglia
    2. All aboard for savings: the Great British Rail Sale returns!  GOV.UK
    3. Keir Starmer visit to Reading  Reuters Connect
    4. Northern launches nationwide rail sale with deals from £1  Warrington Guardian
    5. Save up to 50% on journeys with TPE as half a million tickets go on sale  TransPennine Express

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  • East of Suez: Dubai off lows, gasoline cracks weaker again – Quantum Commodity Intelligence

    East of Suez: Dubai off lows, gasoline cracks weaker again – Quantum Commodity Intelligence

    1. East of Suez: Dubai off lows, gasoline cracks weaker again  Quantum Commodity Intelligence
    2. Most Gulf markets ease on weak oil prices  Business Recorder
    3. Mideast Stocks: Most Gulf bourses gain on rising Fed rate cut bets  ZAWYA
    4. Saudi Aramco stock dips again as oil eases — traders eye Feb 1 OPEC+ meeting, March 10 results  ts2.tech
    5. The entire Middle East crude oil market is under pressure: weak spot prices and Saudi Aramco’s consecutive monthly price reductions for Asian markets.  富途牛牛

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  • Former Kildare car dealer pleads guilty to misleading consumer

    January 6, 2026

    Following a prosecution brought by the Competition and Consumer Protection Commission (CCPC), former Kildare based car dealer, Ionut Nitulescu, has pleaded guilty to misleading a consumer about the history of a second-hand car. Under consumer protection law, it is an offence for traders to give false, misleading or deceptive information about the history of a car.

    In a ruling at Naas District Court yesterday morning, Judge Desmond Zaidan fined Mr Nitulescu €2,000 and ordered him to pay costs of €8,145 to the CCPC. Both sums must be paid within six months. In addition, Mr Nitulescu is in the process of paying €8,700 compensation to the consumer.

    The CCPC prosecuted Mr Nitulescu, formerly of John O’Donnell Motors in Kildare Town, following an investigation which established that Mr Nitulescu had sold a vehicle to a consumer and during that transaction provided to the consumer misleading information about the car’s history.

    The court heard that on 3 November 2022, the consumer purchased an Audi A4 after seeing the car advertised on DoneDeal. After travelling to the trader’s premises to inspect the car, the consumer was given misleading information by Mr Nitulescu in relation to the vehicle’s previous damage. The consumer then purchased the vehicle for €8,700 after trading in his previous vehicle.

    Pat Kenny, Commission Member at the CCPC, said:

    “Consumers should always be able to rely on accurate information from car traders on a car’s history, condition and roadworthiness. Failure to disclose such information may be an offence under consumer law.

    “The CCPC remains active in this sector and will continue to inspect car dealers across the country. We are committed to using all the powers available to us to challenge and take enforcement action against traders found to be misleading consumers.”

    The CCPC strongly recommends that motor traders take all reasonable steps to ensure a car is safe and roadworthy, including completing a car history check, before making a car available for sale.

    While the law sets out the rules for traders, consumers should also take a proactive approach when buying a car and use the CCPC’s checklist to ensure they are getting what they pay for by visiting www.ccpc.ie/consumers/cars/buying. The CCPC also has a printable car buyers checklist to help in comparing cars.

    The CCPC urges any consumer who believes that they have been misled by a motor trader, or indeed any trader, to contact our consumer helpline on (01) 402 5555 or email us at ask@ccpc.ie.

    The CCPC also recently published a report advocating for an online portal that would grant second-hand car buyers free access to essential car history information, including write-off status and mileage readings. For more information, visit the CCPC’s report calling for public access to used-car histories.

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  • ESMA publishes report on cross-border marking of funds including statistics on notifications

    Drawing on input from National Competent Authorities, the report finds that national rules governing the marketing of funds have not undergone any significant changes since the publication of the second report in 2023.

    ESMA has used the opportunity of this report to provide stakeholders with statistics on the volume of cross-border fund notifications. In particular, the analysis shows that Luxembourg and Ireland are the leading notifying jurisdictions, accounting for 59% and 30% respectively. UCITS notifications comprise 56% of the total fund notifications, while AIFs account for 44%. This information was retrieved from the ESMA database, which lists all notifications of cross-border marketing of funds.

    Next steps

    The report will now be submitted to the European Parliament, the Council and the European Commission.

     

    Further information:

    Ana Dilaverakis

    Communications Officer
    press@esma.europa.eu

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  • Energy transition assessment: Chad

    Energy transition assessment: Chad

    This Energy transition assessment, developed by IRENA in partnership with the Ministry of Water and Energy of Chad, provides a thorough analysis of the key conditions necessary for renewable energy deployment and the acceleration of Chad’s energy transition. Chad faces significant development challenges, including high exposure to climate change and an economy heavily dependent on hydrocarbon resources. The country’s energy mix is dominated by traditional biomass, while the electricity access rate is among the world’s lowest at 12%, with electricity generated mainly from fossil fuels.

    The country possesses abundant strategic assets, however, including solar, wind and biomass resources that can be leveraged to facilitate its energy transition. Chad’s strategic goals for 2030 include an electricity access rate of between 60% and 90%, and a national energy mix in which renewables account for between 20% and 30%. Achieving these ambitions requires significant investment in energy services and a strengthening of the energy governance framework.

    This assessment proposes tailored short- and medium-term action plans and recommendations to overcome a variety of obstacles to the transition in Chad. Key recommendations focus on enhancing planning, policy and regulatory frameworks, including finalising the 2019 Law on electricity sector reform. The report also outlines strategies for accelerating electricity access via mini-grids and the deployment of solar power systems, promoting clean cooking solutions, strengthening energy efficiency measures, addressing financing and investment gaps, and strengthening capacities, skills, and awareness-raising across the energy sector.

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  • NatWest and Lombard announce partnership with The Farming Community Network to support farmers’ wellbeing

    NatWest and Lombard announce partnership with The Farming Community Network to support farmers’ wellbeing

    NatWest and Lombard, the UK’s largest asset finance provider, have today announced a new partnership with the Farming Community Network (FCN), a voluntary organisation and charity dedicated to supporting farmers and their families across the UK.

    Recent studies have shown that farmers are at higher risk of poor mental health compared to other professions, making targeted wellbeing support more important than ever. As one of the UK’s leading banks for agriculture, with over 40,000 farming customers nationwide, the bank is uniquely positioned to detect customers in need of support through its dedicated network of face-to-face agricultural specialist managers which are embedded in farming communities across the country.

    Through this partnership, NatWest and Lombard’s agriculture sector team have received dedicated training from the FCN, enabling them to spot the early signs of stress and mental health challenges among farmers and their families. This ensures that these colleagues can offer timely support and guidance, helping customers to access FCN’s wellbeing resources, while supporting mental health awareness and resilience within the agricultural sector.

     

    Rachael Watson, Head of Agriculture at Lombard, commented:

    “Farming is more than a profession—it’s a way of life, shaped by unpredictable weather, market pressures, and the immense responsibility for land and livestock. These realities can have a profound impact on farmers’ mental health. As a bank serving over 40,000 farming customers across the UK, we believe that it’s essential to support the wellbeing of the farming community. By partnering with FCN and embedding wellbeing awareness into every customer interaction, we’re committed to ensuring farmers and their families have access to practical support. Our agricultural specialists have completed FCN’s wellbeing training, equipping them to understand and address the unique challenges faced by farmers today.”

    Georgina Lamb, Head of Partnerships for the Farming Community Network, said: “We’re thrilled to partner with NatWest and Lombard to further our mission of supporting farmers and farming families during challenging times. By working together, we can reach more individuals with essential information, resources, and a listening ear, helping them manage stress and build resilience for the future.”

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  • Come to our events and have your say on future of North East Lincolnshire

    Come to our events and have your say on future of North East Lincolnshire

    Do you want to know where new homes could be built in North East Lincolnshire, where businesses could develop and how we will protect the environment around them? Would you like to see if, or where, new schools might be built?

    Have your say on how North East Lincolnshire grows and develops in the years ahead. Consultation on the draft Preferred Options Local Plan (2025–2043) is open now.

    If you live in Immingham, you can visit our face-to-face event this Thursday January 8 at Burton Hall, Civic Centre, Pelham Road, from 5pm until 8pm, when  planning officers will be available to answer questions and help you respond to the latest round of consultation. This event will give you a chance to look at the Council’s preferred housing and employment site options.

    This Stage Three consultation on the Local Plan began on December 8 and runs until 23.59 on February 1 2026. Electronic and paper copies of the survey questions are available to give everyone the opportunity to have their say.

    The statutory review of the Local Plan began two years ago and attracted responses from more than 1,100 individuals at the last consultation. These have been reviewed and will inform the next phase of the process, and you can still have your say, or make new comments, on any, and all aspects of the Local Plan.

    The review had to be paused in 2024 to consider and incorporate Government changes that have increased the housing target for many local authorities, including North East Lincolnshire. As a result, the council is now undertaking this further round of consultation and updating evidence in relation to housing and employment need. Draft Plan changes relate to: 

    • Jobs growth and employment needs within the plan period
    • The requirements for new homes and the distribution of these homes; and
    • Specific site allocations for employment and residential uses.

    The new housing target for North East Lincolnshire, based on the Government’s ‘standard method’ introduced in December 2024, is now 622 homes per year, totalling 11,196 homes over the plan period. Adoption of the revised plan is now expected in 2028 with its life extended until 2043.

    All comments from the 2024 consultation will be considered equally alongside new submissions. Full responses from the earlier consultation are available on the “What People Said” tab consultation portal.

    You can view the Preferred Options document and supporting documents online at www.nelincs.gov.uk/local-plan-review.

    Paper copies will be available to read at Cleethorpes Library, Immingham Library, Waltham Library, Grimsby Pop-Up Library, The Gingerbread House, Humberston, Scartho Community Library, and the Municipal Offices, Grimsby.

    To take part in this Stage Three consultation visit the Local Plan consultation portal at: https://nelincs-consult.objective.co.uk/kse/

    Another face-to-face event will take place on Saturday January 17  at Cleethorpes Library, Alexandra Road, Cleethorpes, DN34 8LG, from 9am until 1pm.

    You can also:

    • Email: send your comments to [email protected]
    • Write to: Spatial Planning, North East Lincolnshire Council, Municipal Offices, Town Hall Square, Grimsby, DN31 1HU.

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  • Affordable housing planning consultation opens

    Affordable housing planning consultation opens

    06 Jan 2026

    Consultation has begun on a planning document which aims to help all involved in the delivery and development of new affordable homes in West Suffolk.

    The Affordable Housing Supplementary Planning Document (SPD) is primarily aimed at developers as well as registered providers who manage affordable housing schemes on a day-to-day basis.

    Once adopted, the SPD will serve to provide further guidance on the application of existing affordable housing policies in the adopted West Suffolk Local Plan adopted in July 2025 and will help deliver the council’s strategic priority for affordable, available and decent homes.

    As the local housing authority, West Suffolk is responsible for helping people in housing need, the majority of whom are from West Suffolk or have a local connection. There are a few exceptions such as veterans, people fleeing domestic abuse, and care leavers.

    Affordable housing is housing for sale or rent, for those whose needs are not met by the market and includes a number of tenures including affordable rent (around 80 per cent of market rent levels) social rent (which is lower than affordable rent) discounted market sales, shared ownership and other routes to home ownership

    Cllr Richard O’Driscoll, Cabinet Member for Housing at West Suffolk Council said: “There is a huge need for more affordable housing in West Suffolk. High rents and a lack of affordable housing is a significant factor in the number of households that at risk of homelessness that we help. We also have close to 2,500 households on our affordable housing register including around 850 in urgent or high need. 
    “We recognise that the challenges around housing is not something we can tackle on our own. That’s why our Housing, Homelessness and Rough Sleeping Strategy sets out a partnership approach, and we recently held a very positive developer forum which discussed working together to deliver more homes that are genuinely affordable.”

    Cllr Frank Stennett, the Cabinet Member for Planning at West Suffolk Council said: “One of the ways we are also looking to address the need for more affordable homes is through the West Suffolk Local Plan adopted in July last year. It includes a new policy requiring 40 per cent of new homes on greenfield sites to be for affordable housing against the old requirement of 30 per cent. 
    “This Affordable Housing Supplementary Planning Document complements the local plan with further guidance all with the purpose of aiding the delivery and development of new affordable homes here in West Suffolk.”

    The purpose of the consultation is to double check that the SPD provides clear guidance for the application of adopted Local Plan affordable housing polices for developers, registered providers and others involved in affordable housing delivery.

    The Affordable Housing Supplementary Planning Document consultation runs to 17 February. The draft SPD can be read online where people can leave their feedback. Hard copies can be viewed at West Suffolk House, Mildenhall Hub and Haverhill House.


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  • Drivers over 70 to face eye tests every three years

    Drivers over 70 to face eye tests every three years

    Drivers over the age of 70 will have to have their vision checked every three years, under plans to reform driving laws in Britain.

    The changes are part of the government’s new road safety strategy, which will be published on Wednesday.

    Other proposed measures include lowering the drink-driving limit in England to match the limit in Scotland, and giving penalty points for not wearing seatbelts.

    These measures were first reported in August and are expected to be confirmed in this week’s strategy.

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