Galileo Green Energy has secured a contract to build a wind farm pipeline in Sweden and the UK of ~1,000 MW and ~500 MW, respectively. Earlier the company obtained a partnership deal with EMPower to build a ~300 MW (currently ~400 MW) greenfield wind farm sites in Ireland. The company has been provided an initial fund of €220 million, with Infratil Limited (NZX: IFT) contributing 40%.
* NZO Provides Ironbark Drilling Update New Zealand Oil & Gas Limited (NZX: NZO) has provided a third weekly update on Ironbark. As per the Operator, the Ironbark-1 well has touched a calculated depth of 2410 meters.
* IAG Reports Single Digit Growth in Gross Written Premium For the quarter ended 31 October 2020, Insurance Australia Group Limited (ASX: IAG) reported growth of low single-digit in gross written premium, in spite of unfavourable foreign currency translation effect from New Zealand.