Feature
09 June 2023

Proximo Weekly: Venture Global and its commissioning cargoes

There are still questions to be answered about Venture Global’s recent corporate high-yield bond issue, which appears to rely heavily on revenues from commissioning cargoes priced at the current lucrative spot market rate. Given average LNG commissioning periods of three months, what happens when... More

News
09 June 2023

Constellation begins $350m repowering programme

Constellation (CEG) has launched a $350 million programme to extend the life of its existing wind fleet Repowering efforts will enable 315MW of the company’s wind fleet to generate greater output at the same wind conditions. Construction of the first project is underway at the 28-turbine... More

News
09 June 2023

Kentucky holds MicroVast incentives following DOE loan rejection

Kentucky officials are withholding $21 million in economic incentives to Microvast until the company further explains a declined loan by the US Department of Energy.The DOE had rejected a $200 million loan for the $504 million battery manufacturing facility on the grounds that the firm has... More

Feature
02 June 2023

Proximo Weekly: MTA’s P3 debut

Is smaller ticket asset bundling the way to develop a consistent US P3 pipeline? More

News
09 June 2023

German steelworks to develop solar park with municipal utility

The Feralpi Stahl steelworks in Riesa and German municipal utility SachsenEnergie are planning to build a 150MW solar park in the Zeithainer district of Jacobsthal. Feralpi has ambitions to produce green steel and is investing €200 million ($215 million) in various projects, including an... More

News
09 June 2023

TCU approves concession for BR-381 highway

Brazil’s Federal Audit Court (TCU) has approved the concession for the BR-381/MG Belo Horizonte and Governador Valadares highway project. The project will require an estimated investment of around BRL5.2 billion ($1.06 billion). The proposal will now be evaluated by the Ministry of... More

News
09 June 2023

Statkraft signs PPA to supply Hydro aluminium plants in Norway

Statkraft has signed a PPA with Hydro Energi for the delivery of electricity to Hydro's Norwegian aluminium plants from 2024-2038.The PPA secures a total supply of 6.6TWh of renewable power over a 15-year period to Hydro's plants in the Norwegian price area NO3 from Statkraft's power... More

Data and research

Recently closed deals

Deal name Cost in $m Country Sector
45.2 MW Strzelino PV Solar Plant Project - Term Loan 30 Poland PV solar
NEOM Green Hydrogen Project (NGHP) - Project Financing 6,327 Saudi Arabia Hydrogen
Grytaga Hydropower Plant Expansion Project - NIB Direct Loan 14 Norway Large hydro
Addu City Land Reclamation Project - India Exim Direct Loan 65 Maldives Urban development
Los Chorros Highway Stretch Project - Financing 410 El Salvador Road
Data and research
22 May 2023

Global project finance survey 2023

Last chance to take part in Proximo's 2023’s Global Project Finance Survey! Designed for corporates, developers, sponsors and advisers...

Request access
Event
Jun 14 - Jun 15, 2023

Proximo Europe 2023: Financing Infrastructure & The Energy Transition

Lisbon, Portugal - EPIC SANA Lisboa Hotel

EPIC SANA Lisboa Hotel, Avenida Engenheiro Duarte Pacheco, Lisbon, Portugal, Portugal

Join us for Europe's most diversely attended energy and infrastructure finance event as it returns with deal-making opportunities aplenty as we join forces with our sister brands Uxolo & TXF

Full details
News
09 June 2023

evroc unveils plans to build hyperscale cloud in Europe

Data centre startup evroc has presented its plans to build Europe's first secure, sovereign, and sustainable hyperscale cloud.Backed by global technology investor EQT Ventures and impact investor Norrsken VC, evroc recently closed a seed funding round to build its launch team. The company now... More

News
09 June 2023

DEWA receives 2 bids for phase 6 of MBR solar park

Dubai Electricity and Water Authority (DEWA) has received two bids for the 1.8GW 6th phase of the Mohammed bin Rashid Al Maktoum Solar Park.Masdar submitted the lowest bid of $0.0162154 per kilowatt hour (kWh). ACWA Power also submitted a bid. DEWA prequalified seven bidders and issued the RfP at... More

Data and research

Latest contracts closed by EPC contractors

Name Date Country Sector
McDermott Awarded FEED Contract from Shell 28/03/2023 Trinidad and Tobago Oil - Upstream (Exploration and production)
VINCI awarded two new major road links projects in New South Wales, Australia 27/03/2023 Australia Road
Ferrovial awarded two construction contracts in the United States totaling US$31 million 22/03/2023 United States Road
McDermott Awarded EPsCm Contract from Slovnaft 20/03/2023 Slovak Republic Chemicals/Petrochemicals
Jacobs Awarded $3.2 Billion Contract at Kennedy Space Center 24/02/2023 Undisclosed Country Raw materials
News
09 June 2023

Peru awards COAR Apurimac schools project

Peru’s Ministry of Education (MINEDU) has awarded a schools project in Apurímac Department under the Works for Taxes mechanism The award amount for the execution of the COAR Apurímac project amounts to Sol 75.84 million ($20.7 million). The Southern Peru Copper Corporation... More

News
09 June 2023

BlackRock targets $7bn for fourth Global Renewable Power Fund

BlackRock is hoping to raise between $5 billion and $7 billion for its fourth Global Renewable Power Fund as clients ramp up climate-friendly investments.The fund, focused on projects in Organisation for Economic Co-operation and Development countries, could invest across wind and solar as well as... More