SpaceRISE, the consortium comprising Eutelsat, Hispasat, and SES, together with other core members, has been awarded by the European Commission to design, deliver, and operate IRIS² (Infrastructure for Resilience, Interconnectivity and Security by Satellite) the European Union’s pioneering multi-orbit connectivity system.
The SpaceRISE consortium relies on a Core Team of European subcontractors from all segments of the satcom ecosystem for the delivery of the scope of the concession contract: Thales Alenia Space, OHB, Airbus Defence and Space, Telespazio, Deutsche Telekom, Orange, Hisdesat and Thales SIX. The IRIS2 program will be funded by a combination of the EU, the European Space Agency, and private financing from the three satellite operators within the SpaceRISE consortium.
The 12-year concession contract consists of a public-private partnership to acquire a system composed of over 290 satellites on various orbits and the associated ground segment to provide governmental services by 2030 while enabling commercial services.
The European Investment Bank (EIB) and the European Commission, together with French, German and Italian banks Caisse des Dépôts, KfW and Cassa depositi e prestiti, have committed EUR420 million (US$493.2 million) to the Connecting Europe Broadband Fund, which will finance broadband network infrastructure across underserved areas in Europe.
Read moreEurope’s leading National Promotional Banks and European Investment Bank announced the launching of Marguerite II, a pan-European infrastructure fund with total commitments in excess of €700 million (US$ 832,29 million); ensuring continued support for key infrastructure investments in renewables, energy, transport and digital infrastructure by the Marguerite platform.
Read moreThe board of the European Investment Bank has approved new financing totalling €12.4 billion (US$14.5 billion) for the support of rail, road, air and maritime transport investment around the world and backing for new renewable energy and security of energy supply schemes. New PPP financing for tram, motorway and internet investment was also agreed.
Read moreEdmond de Rothschild Asset Management has completed a first close of its second vehicle, the Benjamin de Rothschild Infrastructure Debt Generation (BRIDGE) fund.
Read moreConquest has launched its renewable power fund, Conquest Renewable Yield Europe, dedicated to acquiring and managing renewable power generation real assets.
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