Proximo Weekly: Are you PTC or ITC?
The Inflation Reduction Act has given US solar developers a choice of two types of tax credit – ITC and PTC. So how to get the best from the system? Match the right tax credit with the right solar project characteristics. More
Statkraft enters PPA in Italy with Fastweb
Italian telecommunications operator Fastweb has signed a 12-year PPA with Statkraft for supply from a new solar project.The 11.25MW plant will be located in Lazio, in the province of Latina, and enter into operation in 2023. The project will meet 13% of Fastweb's energy needs. More
United Airlines invests in Natron Energy
United Airlines has announced a strategic equity investment in battery manufacturer Natron Energy.Natron plans to use the funds to accelerate production at its manufacturing facility in Holland, Michigan, where it will scale operations to begin mass production of UL-listed sodium-ion batteries in... More
Proximo Weekly: What ETMs can and can’t do for coal retirements
The recent ACEN ETM to retire the South Luzon coal-fired plant early attracted some controversy over its use of the ETM moniker. But the deal is more promising than was first apparent, although it may still struggle to influence transition finance outside its home market. More
Central bank governor questions Philippine plans for sovereign fund
The Philippines’ central bank governor has commented on a legislative proposal to create a sovereign wealth fund overseen by President Ferdinand Marcos Jr.Key concerns for him would be how the fund would be managed and by whom, and to what extent it would affect the independence of the central... More
Eolus and Simply Blue JV developing four Baltic offshore projects
Eolus and Simply Blue Group have formed joint venture company SeaSapphire to develop four offshore wind parks in the Baltic Sea.The JV will develop two projects in Sweden and two in Finland. In Sweden the projects are the Skidbladner planned for 100km south-east of Stockholm, and Herkules located... More
GEB acquires 5 Brazilian transmission concessions
Grupo Energía Bogota (GEB) has closed a deal to acquire five electric power transmission concessions in Brazil’s The assets were acquired for $834 million from the Brasil Energia Fundo de Investimento em Participacoes Multiestrategia (Brookfield) fund and total 2,416km of... More
Recently closed deals
| Deal name | Cost in $m | Country | Sector |
|---|---|---|---|
| Plate Mill Modernisation Project - SACE Covered Loan | 182 | United States | Ores & alloys |
| Muga-Vipasca Potash Project - Financing | 316 | Spain | Chemicals/Petrochemicals |
| Kasso Power-to-X Project - DGIF Direct Loan | 52 | Denmark | Hydrogen |
| Istanbul Metro Project - EBRD Loan Extension | 73 | Turkey | Metro/Underground |
| Thunderbird Mineral Sands Project - NAIF Direct Loan | 120 | Australia | Mineral sands-Heavy mineral |
Deals of the Year 2021 supplement
Download your copy today to see all the deal and firm winners of 2021. This supplement includes write ups for each of the winning deals and...
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Everfast Fiber acquires Kansas assets
Consolidated Communications Enterprise Services has completed the sale of its Kansas City assets to Everfast Fiber Networks for $82 million.The divestiture is an outcome from the company’s strategic asset review and plan to focus on its fibre expansion plans in its core regions. Everfast Fiber... More
Amazon signs PPAs with Vibrant in India
Vibrant Energy has entered into PPAs with Amazon for supply from two wind & solar hybrid projects totalling 300MW in the Indian states of Madhya Pradesh and Karnataka. Once operational, Amazon will have a total capacity of 720MW in the country including three solar farms in Rajasthan.AWS... 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 |
Invesis prepares to enter US P3 market
Global investor and developer Invesis has taken the next step in its entry strategy to the US P3 market by incorporating its first business entity, Invesis US.The company has a 50-strong portfolio of P3 assets across Europe and Australia and the deep P3 expertise and experience of its 100+ strong... More
EnCap invests in Bleutec Industries
Bleutec Industries has secured a significant capital commitment from EnCap Investments.Bleutec is a builder, owner, and operator of Jones Act-compliant offshore wind turbine installation vessels. Its innovative Binary Marine Installation Solution (BMIS) enables a cost-effective alternative to the... More
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