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07 May 2024
in
Power

AECOM and Arup selected for UK grid upgrade design

National Grid has appointed an AECOM and Arup joint venture as a design and consenting service partner for its Great Grid Partnership. The Partnership, which will...

07 May 2024
in
Metals and Mining

Regis to develop two new underground mines in Western Australia

Regis Resources is planning to develop two new underground mines as part of its growth strategy. These mines, called Garden Well Main and Rosemont Stage 3, are expected...

07 May 2024
in
Oil & gas

Aramco selects CEPCC for $12bn gas project

Saudi Aramco has chosen China Petroleum Engineering and Construction Company (CPECC) for a key contract involving the expansion of the kingdom's natural gas...

07 May 2024
in
Other

EIB and Bank Respublika to boost finance access for MSMEs in Azerbaijan

EIB has partnered with Bank Respublika to provide a €10 million ($10.8 million) loan to support MSMEs in Azerbaijan. This agreement aims to promote financial...

03 May 2024
in
Oil & gas, Renewables

Oil & gas licences allowed at North Sea offshore wind sites

Fossil fuel companies will be allowed to explore for oil and gas under offshore wind-power sites for the first time in UK waters. The UK government is issuing new...

03 May 2024
in
Transport

Brightline picks Siemens for new trainsets

Brightline has chosen Siemens Mobility as its preferred bidder to provide rolling stock on its new venture Brightline West. The contract will provide for a fleet of 20...

03 May 2024
in
Renewables

Ireland planning 37GW of offshore wind

The Irish government has launched the Future Framework for Offshore Renewable Energy, which provides a roadmap for the country to deliver 37GW of offshore wind by...

03 May 2024
in
Telecoms and Communications

IFC considering loan for Raxio data centre projects

The International Finance Corporation (IFC) is considering a loan of up to $100 million for Raxio Group to facilitate the phased development of 10 carrier-neutral data...

03 May 2024
in
Renewables

CMB.TECH unveils $3.5bn Namibian green hydrogen plan

Antwerp-headquartered CMB.TECH plans to spend $3.5 billion on developing green hydrogen projects in Namibia, including a massive green ammonia production complex in the...

03 May 2024

RBI proposes tightening project finance lending rules

Reserve Bank of India has proposed stricter lending rules for project finance, including higher bank provisioning during the construction and operational phases.Under the...

03 May 2024
in
Power, Renewables

Aura Power raises £10m for solar and BESS development

Aura Power has raised £10 million of debt to support the development of its pipeline of solar and battery storage projects in the UK, Europe, and North America. The...

03 May 2024
in
Manufacturing & equipment

Baytown Gigafactory Project awarded $34m tax credit

John Cockerill Hydrogen North America's Baytown Gigafactory Project has been awarded 48C tax credits worth $34 million. The US Department of Energy received...

03 May 2024
in
Transport

Oliver Wyman to advise on Development Road project in Iraq

The Iraqi Ministry of Transport has selected Oliver Wyman to advise on the Development Road project. The appointment of Oliver Wyman follows the signing of an agreement...

03 May 2024
in
Renewables

Southern Power to develop Millers Branch Solar Facility Phase II

Southern Power has announced the development of the 180MW Millers Branch Solar Facility Phase II project in Haskell County, Texas. Phase I of the project has a capacity...

03 May 2024
in
Renewables

Australia Capacity Investment Scheme tender attracts 19GW of bids

A tender for 600MW of dispatchable battery storage capacity in the Australian states of Victoria and South Australia has attracted 19GW of bids. The tender forms part of...

03 May 2024
in
Social infrastructure, Transport

Mt. Vernon Library Commons project receives $26.8m TIFIA loan

The US Department of Transportation's Build America Bureau has approved a $26.8 million TIFIA loan for the Mt. Vernon Library Commons project in Washington state. The...

03 May 2024

Market integrity and standardisation: shaping the rules of the voluntary carbon market

As the voluntary carbon market rapidly evolves, it is attracting further scrutiny and questions surrounding governance and quality control. By Nicholas Neuberger,...

03 May 2024
in
Oil & gas

ExxonMobil pushing forward with Mozambique LNG project

ExxonMobil is "optimistic and pushing forward" with its delayed Rovuma LNG project in Mozambique and expects a FID at the end of next year, a company official...

03 May 2024
in
Power

ACWA signs financing for Qassim 1 and Taiba 1 CCGTs

ACWA Power has signed the senior debt financing for two 1800MW combined cycle power plant (CCGT) projects in Saudi Arabia – Taiba 1 and Qassim 1.The projects...

03 May 2024
in
Metals and Mining

LPO able to support all stages of critical minerals supply chain

The US Department of Energy’s Loan Programs Office can support critical minerals mining and extraction activities as eligible project costs under the Title 17 Clean...