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Energy prices: investment projects postponed in Europe

2023-01-17T19:46:35.558Z


The war in Ukraine and inflation are deterring some investors from pursuing their projects. Sometimes for the benefit of the United States.


2,500 jobs, in Hambach, in Moselle, for an investment of 700 million euros.

The REC Solar project, led by the Indian Reliance, would have had a considerable impact in Lorraine.

On a 31-hectare site, the aim was to produce 4.5 million photovoltaic panels per year.

At the beginning of December, this project was purely and simply cancelled.

The Indian group points to the price of energy in Europe.

But rumors also speak of an arbitration carried out for the benefit of the United States, which benefits from massive aid from the Inflation Reduction Act (IRA).

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This Tuesday, January 17, it is the Chinese Quechen, a producer of silica entering the manufacture of “green” tires, which threw in the towel in Marseille.

It planned to invest 110 million euros to produce 90,000 tons of silica per year for European tires.

The group highlights

"European geopolitical news"

to justify its withdrawal.

At the end of October, Safran

put

its investment project in…

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Source: lefigaro

All news articles on 2023-01-17

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