In depth
17 May 2024

Financing last-mile connections in Africa

Low-income household energy projects in Africa are increasingly being financed via securitisation structures. The deals are relatively small, but the impact could prove as significant as new large-scale generation projects. More

News
21 May 2024

Proximocast: Industry News - 21 May

This week, Naomi leads us through the top stories across project & infrastructure finance.Apex finances two BESS projects in TexasBlack & Veatch completes study for Colombian LNG terminalBengaluru suburban rail project receives KfW, EIB fundsADB agrees $148.5m to support Sikkim's power... More

News
21 May 2024

Appalachian Power issues renewable RFPs

Appalachian Power has issued three request for proposals (RfPs) for wind, solar, battery energy storage systems, and renewable energy certificates.Under the first RFP, the company is seeking bids for up to 800MW of wind and solar resources as well as standalone or co-located battery storage.... More

In depth
15 May 2024

Has the time arrived for US carbon capture?

A combination of higher subsidies and a recognition that renewables can’t do all the work of decarbonisation looks promising for the US. Proximo and Leidos assemble a panel of experts to look at what still needs to be done. More

News
21 May 2024

Alcazar Energy holds final close for AEP-II

Alcazar Energy Partners II SLP (SCSp) (AEP-II), which focuses on utility-scale renewable energy projects in emerging markets, has reached a final closing of $490 million.AEP-II is seeking to develop over 1.6GW of clean energy projects across select emerging markets and has acquired the project... More

News
21 May 2024

Iberdrola to acquire full ownership of Avangrid

Iberdrola has signed an agreement to acquire the remaining interest in US subsidiary Avangrid that it does not own for $2.55 billion. Iberdrola owns around 81.6% of Avangrid and launched an offer to acquire the remaining 18.4% in March this year. Upon the completion of the transaction, a... More

News
21 May 2024

PAIX expands data centre in Accra

Africa-focused PAIX Data Centres has announced the expansion of its facility in Accra to 1.2MW.The strategic location in Accra, Ghana, offers low latency connectivity to all major regional and international network routes and subsea cables, further enhancing the overall efficiency and performance of... More

Data and research

Deal pipeline

Project name Cost in $m Country Sector Development stage
Sonatel Telecom Infrastructure Expansion Project 142 Senegal Cellular / mobile infrastructure Finance arranged
Phoenix Cooper Empire Open-Pit Mine Project 80 United States Base metals Finance arranged
Sikkim Power System Upgrade and Strengthening Project 149 India Electricity transmission Finance arranged
600 MW Italy-Tunisia Interconnection Project (Elmed Project) 993 Italy Electricity transmission Gov/regulator project approval
Brisanet's 5G Broadband Expansion Project 28 Brazil Broadband / cable network Finance arranged
News
21 May 2024

CoreWeave raises $7.5bn for cloud data centres

Artificial intelligence infrastructure startup CoreWeave has raised $7.5 billion in debt to more heavily invest in its cloud data centers.Blackstone’s funds led the lending round, with participation from Coatue, Carlyle, BlackRock, Magnetar and others. CoreWeave is one of the main providers of... More

Event
May 21 - May 22, 2024

Proximo Nashville 2024: Financing America's Infrastructure & US Digital Infrastructure Finance

Hilton Nashville Downtown

Nashville, United States

America's leading infrastructure finance conference returns to Nashville May 2024! Connect with 300+ industry leaders

Full details
News
21 May 2024

MM Capital fund acquires interest in 3 Australian PPP projects

MM Capital Infrastructure Fund II has acquired three social infrastructure PPP projects in Australia. Aberdeen Global Infrastructure Partners Fund II (abrdn) and Macquarie Capital's Infrastructure and Energy Capital division divested their interest in Western Australian Schools PPP and ACT... More

News
21 May 2024

Thales awarded TfL contract for comms update

Thales and its technology partner Nokia have been selected by Transport for London (TfL) to deliver an integrated communications renewal to support the Connect system.This renewal will allow TfL’s multi-services network (MSN), which hosts the Connect system and handles radio, transmission and... More

Data and research

Recently closed deals

Deal name Cost in $m Country Sector
Evecon Birzai and Jurbarka Solar Projects - Financing 21 Lithuania PV solar
106MW Limekiln Onshore Wind Farm Project - Financing 164 United Kingdom Onshore wind
Phoenix Cooper Empire Open-Pit Mine Project - Bond 80 United States Base metals
25 MW Donsin PV Solar Project - Chexim Direct Loan 49 Burkina Faso EV solar + bat storage
TANGO Solar Panel Factory Project - SACE Covered Loan 614 Italy PV solar
News
21 May 2024

Updated Swedish marine plans out for review

Orsted has received welcomed news for several potential offshore wind projects it plans for Swedish waters in the Baltic Sea.The Swedish Agency for Marine and Water Management has released updated marine plans for the Baltic Sea, and has designated a number of new energy areas where Orsted is... More

News
21 May 2024

GDC to sale interest in Etix Everywhere

Global Data Centre (GDC) has agreed to sell its co-controlled investment in European data platform Etix Everywhere to French asset manager Infranity.Net proceeds are estimated at A$175 million ($116 million), representing a 52% increase on the $115 million carrying value of the Etix investment at... More