Charging stations for electric vehicles on highways put into operation

first_imgOf the first 16 HEP filling stations on motorways, 12 were set up in cooperation with INA, and are located at the Ljubeščica, Vukova Gorica, Brinje and Lepenica Sjever rest areas, and at motorway entry / exit points in Goričan and Sesvetski Kraljevec. With this, we have put Croatia on the European map of electromobility and joined the network of electric charging stations on the trans-European transport network, said the President of the Management Board of Hrvatska elektroprivreda Frane Barbarić. and added: “Our ultimate goal is to provide Croatian citizens and all tourists and our guests with a safe long-distance electric car ride. To this end, as part of international projects, we will set up a total of 57 filling stations on Croatian motorways and other roads. With the completion of the currently active projects, HEP’s network, together with the already installed filling stations in Croatian cities, will have more than a hundred filling stations. ” HEP’s fast charging station in Brinje, with a capacity of 50 kW, was set up as part of the NEXT-E project, and like other HEP charging stations on motorways, it supports charging all available and upcoming types of electric vehicles on the market, HEP points out. Upon completion of the project, HEP’s network will have over 100 electric charging stations On the occasion of the National Day of Nikola Tesla, HEP marked the commissioning of the first 16 charging stations for electric vehicles on motorways by opening a fast charging station at the Brinje rest area. Investments in the installation of HEP filling stations on motorways are co-financed from European Union funds within the EAST-E and NEXT-E projects. As part of these projects, HEP is working with partners from the Czech Republic, Slovakia, Slovenia, Hungary and Romania to create a new network of 309 charging stations, which will enable uninterrupted driving of electric cars through six Central European countries. The new electric charging stations will enable citizens and tourists from European countries to drive an electric car and reach all tourist destinations in Croatia. “Electric vehicle drivers have at their disposal a wide range of products and services at our retail outlets, and while their cars are full, their time can be shortened with coffee or a meal at our Fresh Corners. For us, customers come first and that is why we are committed to improving our products and services every day, and we see a step towards electromobility as an opportunity for the company.”, Said Sándor Fasimon, President of the Management Board of INA. For the first time, the network of electric charging stations enabled electric car owners to drive from the border with Slovenia and Hungary to the Adriatic Sea, and the Republic of Croatia to connect to the network of charging stations for electric vehicles on the Trans-European Transport Network (TEN-T).  The remaining four filling stations are located in Vrbovsko, Čavle, Delnice and Fužine, in the immediate vicinity of the A6 motorway. In total, more than 30 charging stations for electric cars on highways in the direction of the sea, but also in the direction of Lipovac on the continent, will be installed at rest areas near INA retail outlets. Photo: Pixabay.com RELATED NEWS: FIRST PORSCHE DESTINATION STATION FOR CHARGING ELECTRIC CARS IN CROATIA INSTALLED IN ESPLANADElast_img read more

University of Glasgow to divest fully from fossil fuel industry

first_imgThis represents 12% of the university’s endowment funds, worth around £153.9m as at 31 July 2013, the date of the last published accounts.The campaign to persuade the university to divest from fossil fuels has been led by GUCAS, and has lasted around a year.The university already bans directly held tobacco stocks from its portfolio, as these investments run entirely counter to its direct interests in research.David Newall, secretary of the University of Glasgow Court, said: “The university recognises the devastating impact climate change may have on our planet, and the need for the world to reduce its dependence on fossil fuels.“Over the coming years, we will steadily reduce our investment in the fossil fuel extraction industry, while also taking steps to reduce our carbon consumption.”Directly held stocks in the endowment fund portfolio as at 31 July 2013 included Shell, BP, Chevron, Statoil Holdings and BHP Billiton.Portfolio management is split between Schroders and Newton.The commitment to divest is subject to reassurance that the financial impact for the university will be acceptable, the detail of which will be monitored by the University Court.The decision to divest does not extend to the University of Glasgow Pension Scheme, run by separate pension fund trustees.Other UK universities are reportedly considering the issue of fossil fuel divestment within their endowment funds.Oxford University’s executive governing body is set to make a decision early next year.In the US, 13 universities, including Stanford, have now pledged to divest from the fossil fuel industry.Last month, the Rockefeller Brothers Fund, whose endowment is worth $868m (€682m), announced its decision to divest from the industry.Meanwhile, a low-carbon energy system could free up trillions of dollars over the next 20 years to invest in better economic growth, according to two new reports from the Climate Policy Initiative.The reports found that moving to a low-carbon electricity system would bring the global economy around $1.8trn in financial savings between 2015 and 2035 because of significantly reduced operational costs associated with extracting and transporting coal and gas outweigh increased financing costs for renewable energy and losses in the value of existing fossil fuel assets.And changing from oil to low-carbon transport could increase global investment capacity by trillions or result in net costs, depending on policy choices.Governments own 50-70% of global oil, gas and coal resources, and collect taxes and royalties on the portion they do not own.However, governments also control much of the policy that could lead either to asset stranding (losses in the financial value of fossil fuel assets) or financial savings.And, says CPI, the right policies can maximise the financial benefits of a low-carbon transition. The University of Glasgow has become the first European university to commit to disinvesting fully from companies in the fossil fuel industry.The decision was taken by the university’s governing body, the University Court.It follows a consultation process by an independent working group taking evidence from the Glasgow University Climate Action Society (GUCAS) and the university investment committee.Full divestment will mean the reallocation of around £18m (€12.7m) worth of current investments over a 10-year period.last_img read more

Dutch Mortgage Company able to take on €1bn in new commitments

first_imgThe Dutch Mortgage Funding Company (DMFCO) has said it can accommodate at least €1bn in additional investments in residential mortgages next year as demand surges.Since the DMFCO launched its Munt Hypotheken product a year ago, the asset manager had received €5bn in commitments, €3bn of which has been issued as mortgages, according to Marieke Hut, partner and director of business development.She said the DMFCO expected to issue at least another €3bn of mortgages in 2016.To date, seven Dutch pension funds, including PGB and the large metal schemes PME and PMT, have made commitments, ranging from €100m to €2bn. According to Hut, the DMFCO is currently in talks with a number of other pension funds keen to participate in the Dutch mortgage fund.She attributed Dutch schemes’ interest in the DMFCO’s proposition partly to its “extensive governance and low cost”.“We involve our clients closely in our policy, and we can keep costs low, as we are a young and efficient organisation,” she said.“Moreover, we are independent and focus solely on mortgages.”She said the DMFCO’s Dutch mortgage fund was currently providing 200 basis points of additional returns relative to government bonds.She also confirmed that the fund would continue to focus on Dutch pension funds, “as we have developed our proposition together with our first clients”.This means, for example, that the vehicle will target long-term mortgages with a fixed rate.“Having only pension funds as like-minded investors also allows us to be flexible,” Hut said.Most of the participating pension funds have increased their commitments considerably, with PMT and PGB doubling their initial investments to €2bn and €1bn, respectively.Hut said investor demand had increased much faster than the DMFCO expected, and that it now anticipated a total committed amount of approximately €10bn by the end of 2017.The DMFCO estimates the annual market for Dutch mortgage investments in the Netherlands at €60bn.It said it expected institutional investors to play an increasingly important role in the Dutch real estate market, as banks became more reluctant to issue mortgages.last_img read more