No single cause for Macondo accident
BP says no single factor caused the accident on the Deepwater Horizon rig in the US Gulf of Mexico in April.
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SSE secures more cash for renewables
Published 31.03.2010 08:50:27 by John Bradbury
Scottish and Southern Energy has landed more cash from Europe to progress renewable energy projects.SSE say it has just obtained a further £400 million loan from the European Investment Bank for investment renewable schemes in the UK and Ireland.
Since July 2008 SSE has obtained a total of £3.8 Bn for developments, from loans, and after issuing new bonds and 42 million new shares which were offered in January last year.
“We are in the middle of a five year programme to invest around £3bn in renewable energy. The EIB funding will support our well-financed investment programme and help deliver assets which are needed to help meet EU, UK and Irish renewable energy targets,” said SSE finance director Gregor Alexander.
Scottish and Southern is entering a close period from today before it preliminary results for the year to March 2010 are published in May.
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