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Gunvor and Quercus announce landmark solar development partnership in Italy

Published

4 days ago

July 1, 2024

The partnership aims to develop up to 3GW of solar capacity and marks Gunvor’s expansion into the solar sector alongside renewable energy specialist Quercus

LONDON, July 1, 2024 /PRNewswire/ — Gunvor Group (“Gunvor”), a leading global energy commodities trading company, together with Quercus Real Assets Limited (“Quercus”), the London-based renewable specialist focused on international investments within the Energy Transition, proudly announce a landmark solar development partnership that targets the development of up to 3 gigawatts (GW) of solar photovoltaic (PV) capacity in Italy.

Under the terms of the deal, Quercus will draw on its established track record of developing renewable projects—from permitting to “ready to build” status—and combine that with Gunvor’s ability to fund, manage, and optimize assets through power purchasing agreements (“PPAs”). The solar sites will be strategically located across all regions in Italy, granting Gunvor the option to acquire and enter into PPAs with the assets.

“Gunvor’s first material investment in the solar space fully aligns with Nyera’s commitment to the Energy Transition and our ambition to build up a renewable power portfolio.” said Fredrik Törnqvist, Managing Director of Nyera, Gunvor’s renewables investment vehicle.

The Italian solar market is among the most advanced in Europe, thanks to a well-developed regulatory framework and recent legislative changes that support the integration of solar infrastructure with agriculture.

“Given the essential role of agriculture in the Italian economy, it is crucial to align solar investments with agricultural preservation to ensure long-term sustainability,” said Diego Biasi, co-founder and CEO of Quercus. “At Quercus, we have consistently invested in renewables to enhance our surroundings. I am pleased to collaborate with a prominent partner like Gunvor, sharing our values and advancing our successful investment initiatives.”

Aldo Della Valle, Gunvor’s Head of Power & Natural Gas Trading, added: “This landmark solar venture will further complement Gunvor’s recently announced intention to acquire bp’s Spanish powerplant and is another step in our strategy of building up a portfolio in Europe composed of conventional flexibility and renewable power positions to enhance our power and gas trading activities.”

The deal remains subject to regulatory approval and other customary closing conditions.

Note to Editors

About Quercus Real Assets
Quercus Real Assets Limited is a renewable energy specialist focused on energy transition investments, with offices in London and Dubai.

Diego Biasi and Simone Borla founded Quercus by establishing a Luxembourg-based fund which successfully completed over €1bn in gross investments from inception in five different successful strategies. In January 2020, Diego Biasi started to steer Quercus’s business in response to the evolution of the energy sector into a more diversified strategic investment approach. Quercus has successfully completed over 40 deals up to date.

Since 2010 the strategy of the company has been founded on the belief that the creation of long-term environmental and social capital underpins and strengthens investors’ and shareholders’ returns. Quercus is committed to developing business opportunities and supporting responsible investments for sustainable income and capital returns while contributing to a carbon-neutral future.

For further information, please visit www.quercusrealassets.com

About Gunvor Group
Gunvor is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded most. Gunvor has strategic investments in industrial infrastructure — refineries, pipelines, storage and terminals — that complement our core trading activity and generate sustainable value across the global supply chain for our customers. The company, which in 2023 generated US $127 billion in revenue on 177 million MT of volumes. For more information, visit GunvorGroup.com.

About Nyera
Nyera, a wholly-owned subsidiary of Gunvor Group, is dedicated to identifying Energy Transition investments, including new sustainable commodities and businesses. Nyera’s trading and investment activities are performed on a commercial basis, and the company is deliberate in entering areas of opportunity that will ensure a sustainable long-term model. Current areas of investment include solar, biofuel, biogas, green hydrogen, renewable natural gas, and zero-emission maritime transportation, among other renewables-focused projects. For more information, visit Nyera.com.

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KuCard Expands to Support Multiple Virtual and Physical Cards, Enhancing User Convenience and Accessibility

Published

5 mins ago

July 5, 2024

CISION (PR Newswire)

VICTORIA, Seychelles, July 5, 2024 /PRNewswire/ — KuCard, a Visa debit card by KuCoin, will support multiple virtual and physical cards starting from July 1st, 2024, enhancing convenience and accessibility for KuCard users. This exciting update allows users to manage multiple cards seamlessly, all eligible for its generous cashback program.

This strategic move greatly enhances KuCard holders’ financial flexibility and convenience, whether for personal use, managing family expenses, or maintaining separate cards for different spending categories. It enables seamless budgeting, improved expense tracking, and easier access to funds, all while enjoying the benefits of KuCard’s crypto-to-fiat conversion and cashback rewards.

To celebrate this milestone, KuCard is launching a limited-time offer ending on July 7th, allowing users to apply for a second virtual card for free or a second physical card for just EUR 9.99. This promotion is available on a first-come, first-served basis during the campaign period. It’s the perfect time to equip your family members with their own KuCard and collectively enjoy the benefits of Web3.

KuCard recently launched its ongoing cashback programs which offer up to 3% cashback on purchases for all cardholders, including multiple cardholders, with tiered rewards based on spending, providing users with even more value as they use their cards.

About KuCard

Launched in November 2023, KuCard is a Visa debit card that provides seamless crypto-to-fiat conversion. Compatible with both Google Pay and Apple Pay, it can be used anywhere Visa is accepted. KuCard simplifies financial transactions by automatically converting cryptocurrencies into local currency at the point of sale, ensuring the best possible exchange rate. Initially available in the European Economic Area (EEA), KuCard aims to foster wider adoption of blockchain technology by enabling users to use their cryptocurrency for everyday purchases, online shopping, and ATM withdrawals.

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Xinhua Silk Road: Forum held in SW China Yunnan’s Yuxi to deepen international cooperation on Chengjiang Biota

Published

1 hour ago

July 5, 2024

CISION (PR Newswire)

BEIJING, July 5, 2024 /PRNewswire/ — The “40th Anniversary, Discovery of Chengjiang Biota — International Palaeontological Forum” kicked off on July 2 in Chengjiang, Yuxi, Southwest China’s Yunnan Province, and will last to July 6.

This international forum aims to look back on the cooperation results in recent years, share experience, and look forward to the future. By leveraging the strengths of domestic and foreign research institutions, the forum seeks to deepen international cooperation in scientific research.

Experts and scholars from China, the United Kingdom, the United States, the Republic of Korea and Switzerland, have attended the forum. A total of 39 oral presentations and six academic posters will be presented to focus on domestic and foreign research achievements in life evolution in the early Cambrian Age.

Located on the shores of Fuxian Lake in the central part of Yunnan Province, the Chengjiang Biota is known as a “world-class treasure trove for fossils”. On July 1, 2012, the Chengjiang Biota was inscribed on the UNESCO World Heritage List, becoming China’s first and Asia’s only fossil world natural heritage site.

To date, more than 20 phyla and over 300 species of rare Cambrian fossils have been discovered in the Chengjiang Biota, with 80 percent of them being new species. The Chengjiang Fossil Site World Natural Heritage Museum now has a collection of over 60,000 specimens.

Original link: https://en.imsilkroad.com/p/340963.html

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Market Data at Your Fingertips: Bybit Introduces Extra Large App Screen and iPhone Lock Screen Widget

Published

2 hours ago

July 5, 2024

CISION (PR Newswire)

DUBAI, UAE, July 5, 2024 /PRNewswire/ — Bybit, the world’s second-largest crypto exchanges by trading volume, has updated its iPhone app, expanding its offerings to include a new lock screen widget and expansive tablet version.

The Bybit app now offers a full-screen trading view for tablets, improved navigation, and powerful functionality, leading to a new trading experience across various devices. Whether using an iPad, an Android tablet, or a foldable screen, you can start a convenient trading journey and unlock endless possibilities.

New Features:

Fills multiple device sizes, including iPad, Android tablets, and foldable screens.
Vertical and horizontal screen silky switch.
Support for split-screen function, making multitasking easy and efficient.

And that’s not all. The Bybit iPhone lock screen widget lets users view market data without unlocking their devices. Designed with simplicity and clarity, the widget provides essential information at a glance, ensuring users stay informed of market movements in real time.

Besides displaying market data, the widget features smooth animations and transitions, making the interaction feel fluid and natural. These detailed design elements make the Bybit user experience the simplest and best in crypto.

Bybit invites all users to explore these new features and watch the tutorial video to get the most out of the iPhone lock screen widget. With these latest additions, Bybit continues to solidify its position as a leading platform in the crypto trading space, dedicated to enhancing user experience and satisfaction.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 33 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press.
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