Proximocast: 20 minutes with James Marshall and Brian Cassutt, AES
Proximo talks warehouses and the novel master indenture structure with James Marshall, CFO, and Brian Cassutt, treasurer, at AES' Clean Energy business unit, which was formed from acquisitions including sPower and Community Energy, as well as AES' own renewables portfolio. More
JBIC provides loan for Quebrada blanca copper project
JBIC has signed two additional loan agreements with Sumitomo Metal Mining and Sumitomo Corporation for the development of the Quebrada Blanca copper mine in Chile.A $375 million loan agreement with Sumitomo Metal Mining was co-financed with The Iyo Bank, The Gunma Bank, The Shiga Bank, The 77 Bank,... More
Equinox raises $190m as it progresses Greenstone gold mine
Equinox has completed a $140 million gold prepay arrangement and signed a non-binding term sheet for an additional $50 million gold purchase and sale arrangement.These arrangements enhance the financial flexibility of the company and provide additional cash liquidity at attractive terms as the... More
How to build – and defend – a franchise in US energy finance
Credit Suisse/UBS and FCB/SVB: Two distressed banking mergers and what they mean for the US power market. More
Montage raises $11m for drilling at Kone gold project
Montage Gold is raising C$15 million ($11 million) through a bought deal private placement of 21.4 million common shares at a price of C$0.70 per share. Net proceeds will be used for exploration and drilling at the Kone gold project, in Cote d’Ivoire, and for work to update the feasibility... More
SPC Nickel to acquire McGregor and Speers Lake projects
SPC Nickel has entered into agreement with Bathurst Metals giving SPC Nickel the right to acquire a 100% interest in the McGregor Lake and Speers Lake properties.Following this transaction, SPC Nickel will control nearly 650km2 of the highly prospective Muskox Intrusion, representing one of the last... More
SPPC extends wind deadline
Saudi Power Procurement Company (SPPC) has extended the bid deadline on its wind tender to June 12.The three wind projects – Yanbu (700MW); Al-Ghat (600MW); and Waad Al-Shamal (500MW) – are part of the fourth phase of Saudi’s National Renewable Energy Program. The 1800MW... More
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 |
Ontario Teachers’ invests in RNG developer Sevana Bioenergy
Ontario Teachers’ Pension Plan has entered into a strategic partnership with North American Renewable Natural Gas (RNG) pioneer Sevana Bioenergy.Ontario Teachers’ will acquire a majority stake in the company and has made a capital commitment of $250 million to develop RNG projects across... More
Proximo Financing America's Infrastructure 2023
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OX2 transfers 3 Finnish wind farms to Renewable Capital Power
OX2 has commissioned and transferred three Finnish wind farms with a combined capacity of 170MW to Renewable Power Capital. OX2 and Renewable Power Capital signed an agreement to construct the Merkkikallio, Puutikankangas and Rustari wind farms in December 2020. Merkkikallio wind farm was built... More
BNetzA sets new value for innovation tenders
The Federal Network Agency has set the maximum value for the innovation tenders that will be carried out over the next twelve months at €0.0918 ($0.099) per kWh .This is an increase of 25% compared to the last tender in December with the agency reacting to the significantly increased costs for... More
Refinancing pipeline
| Project name | Cost in $m | Country | Sector | Development stage |
|---|---|---|---|---|
| Zaratan PV Solar Project | 21 | Spain | PV solar | In construction |
| Al Ghabawi Wastewater Project | 72 | Jordan | Waste & water | In construction |
| Borkum Riffgrund 3 Offshore Wind Farm Project | 2,800 | Germany | Offshore wind | In construction |
| Chongho Bridge Rooftop Solar Generation Project | 50 | China | PV solar | In construction |
| John F Kennedy (JFK) Terminal 6 Project | 5,500 | United States | Airport | In construction |
Iberdrola and Amazon plan new wind and solar projects
Iberdrola has signed its largest-ever global PPA to develop large-scale renewable projects with Amazon.The companies have agreed to collaborate on new wind and solar capacity by signing offtake agreements for projects in Europe, the US and Asia-Pacific.The Baltic Eagle and Windanker offshore wind... More
Developer EEW sells first Swedish solar project
Renewable energy project developer Eco Energy World Limited (EEW) has announced the sale of a 42MW solar PV project in Sweden to a Swedish solar and wind developer. The project is located in the south of Sweden and is targeted to reach ready-to-build status in 2023 and commence operations in... More
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