Proximocast: 20 minutes with David Johnston, Norton Rose Fulbright
Proximo interviews David Johnston, a partner at Norton Rose Fulbright, about the Saudi Arabian project finance market. Topics discussed include key sectors that are driving deal flow, the growth of the Saudi renewables space, project development outside the power and water sectors, and the impact of... More
Tension rises on overlapping Orsted and bp North Sea projects
Friction is emerging over the overlap of two very different North Sea projects that may have implications for future offshore developments.Orsted’s Hornea Four offshore wind farm shares a 110km2 overlap with bp’s Endurance carbon capture and storage (CCS) sites off the English county of... More
Norsk Solar finances Brazilian project with green bond
Norsk Solar has been granted Certificado de Recebiveis Imobiliarios (CRI) from the Brazilian asset manager Valora Investimentos. The 15-year green bond will provide BRL50 million ($10 million) in financing in the form of non-recourse project debt for Norsk Solar's 18 MW solar plant in... More
Proximo Weekly: Debt and power cuts in Bangladesh
Despite all the market uncertainties over the ongoing affordability of gas feedstock for Bangladesh's power sector, international commercial lenders appear to have growing appetite for refinancing what were originally DFI-backed CCGT projects. That freeing up of cash could be good news for the... More
Bids submitted in New York’s third offshore wind solicitation
New York’s third competitive offshore wind solicitation that is targeting 2GW of capacity, has attracted bids from some of the sector majors.Equinor and bp launched a joint bid for a 1,360MW project within the Beacon Wind 2 lease area located 60 miles off Long Island. Their proposal comes with... More
NSW shortlists projects in first renewables auction
The New South Wales government has shortlisted 16 projects comprising 4.3GW of generation and storage capacity in its inaugural tender for the NSW Electricity Roadmap.The projects selected in this tender have been identified as those currently best placed to support the NSW electricity transition.... More
Iberdrola awarded 4 agrivoltaic projects in French tenders
Iberdrola has been awarded four agrovoltaic projects in the renewable energy innovation tenders launched by the French Ministry of Energy Transition.Each demonstration project has obtained the maximum capacity allowed in the auction of 3MW, giving a total capacity of 12MW.The tender has been... More
Recently closed deals
| Deal name | Cost in $m | Country | Sector |
|---|---|---|---|
| PT OKI Pulp and Paper - Sinosure Covered Loan | 200 | Indonesia | Pulp and Paper |
| Rose McKay 1286MW Onshore Wind - Financing | 484 | United States | Onshore wind |
| Terra-Gen PV Solar and Battery Storage Portfolio - Financing | 336 | United States | PV solar |
| North Cluster Airports Project (Manaus, Porto Velho, Rio Branco, Boa Vista, Cruzeiro do Sul, Tabatinga and Tefe) - Financing | 386 | Brazil | Airport |
| Portfolio of Hydropower Plants and Solar Project - Financing | 96 | Spain | Large hydro |
The Path to Net Zero Roundtable
US utilities will bear the main burden of efforts to decarbonise the country’s power grid. Proximo, with support from Leidos, gathered...
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Ofgem launches latest transmission tender round
Ofgem has launched Tender Round 10 to identify suitable bidders to whom offshore transmission licences will be granted. The three projects included in the round are Dogger Bank A Offshore Wind Farm Phase 1, Moray West Offshore Wind Farm, and Neart na Gaoithe Offshore Wind Farm. The deadline for... More
MSEDCL tenders 350MW of solar
The Maharashtra State Electricity Distribution Company (MSEDCL) is inviting bids to procure 350MW of solar power from projects to be developed in the Indian state.MSEDCL is seeking projects of 1-10MW of capacity that will deliver energy to its 11/22 kV level substations. A ceiling tariff for the... More
Latest contracts closed by EPC contractors
| Name | Date | Country | Sector |
|---|---|---|---|
| VINCI to build major portion of new Ontario Line subway in Toronto, Canada | 09/11/2022 | Canada | Metro/Underground |
| McDermott Awarded FEED Contract from Hydrostor | 25/10/2022 | Australia | Energy storage (non-battery) |
| Fluor Awarded Contract for Imperial Renewable Diesel Project in Canada | 24/10/2022 | Canada | Oil - Downstream (Refining) |
| McDermott Awards SAFIRA Fabrication Yard Construction Contract | 19/10/2022 | Saudi Arabia | Manufacturing |
| Construction of Hollandse Kust Noord offshore wind farm kicks-off | 18/10/2022 | Netherlands | Offshore wind |
rPlus makes FERC submission for Seminoe pumped storage project
rPlus Hydro has submitted a Final License Application to FERC for its 900MW Seminoe Pumped Storage project located in Carbon County, Wyoming. The $2.5 billion project is expected to provide 10 hours of full-output energy storage capacity and will be a crucial component to the reliability and... More
Anser Advisory to serve Metro on Sepulveda Transit Corridor
Anser Advisory has been selected to provide Program Management and Pre-Development Agreement Oversight Services for the Sepulveda Transit Corridor (STC) Project.The Los Angeles Metro Transportation Authority (Metro) is pursuing an approach that will use Pre-Development Agreements (PDAs) to evaluate... More
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