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22 May 2020
in
Social infrastructure

World Bank finances Caldwell hospital expansion in Liberia

The World Bank has approved a $54 million International Development Association credit to improve health service delivery to women, children, and adolescents in...

22 May 2020
in
Renewables

Brookfield in talks to buy $300m of loans from Piramal

Piramal Enterprises is in talks to sell $300 million of loans made to ReNew Power, Atria Power and Acme Solar in 2016 and 2017. Brookfield Asset Management is seeking to...

22 May 2020
in
Renewables

Ishikari biomass project agrees project financing

Ishikari Bioenergy has been advised by Baker McKenzie on a project financing agreement for the  51.5 MW biomass power project in Ishikari City, Hokkaido, Japan. The...

22 May 2020
in
Power

Queensland provides development funding for CopperString

The Queensland Government is providing A$14.8 million ($9.6 million) to accelerate development of the 1,100km CopperString 2.0 high voltage transmission line in...

22 May 2020
in
Power, Renewables

Mexican court suspends CENACE's hold for new renewable projects

A Mexican judge has provisionally suspended the April 29 order by market regulator CENACE that froze the opening of new renewable plants in the country. The regulator...

22 May 2020
in
Renewables

Greece to hold next wind and solar auction in July

Greece’s Regulatory Authority for Energy (RAE) will hold its next auctions for wind and solar on July 27.Solar PV projects with capacities of 20MW or less, and wind...

22 May 2020
in
Power, Renewables

Clearway prices $250m senior notes

Clearway Energy has priced its $250 million upsized offering of 4.750% Senior Notes due 2028. Additional notes will be issued at 102.0% of par, plus accrued interest from...

22 May 2020
in
Metals and Mining

Angola announces winners of diamond, phosphate mining concessions

The Angolan government has announced that four national and foreign companies have been chosen to confer mining rights to prospect and exploit diamonds and phosphates -...

22 May 2020
in
Transport

Cosco Shipping Ports, Volcan to build $3bn port in Peru

Cosco Shipping Ports and Peruvian polymetallic mining company Volcan have signed an agreement to build the $3 billion Chancay Multipurpose Port Terminal.The megaport,...

21 May 2020
in
Oil & gas

The Proximo Weekly Digest - Oil and Gas or Gas and Oil?

With major emerging markets LNG projects reaching financial close, and a potential gas price lifeline for US oil independents by 2021, is it time for a new balance of...

21 May 2020
in
Manufacturing & equipment, Social infrastructure

Northvolt battery factory project progressing

Northvolt is progressing a €1 billion ($1.1 billion) multi-sourced debt financing for its planned Northvolt Ett lithium-ion battery factory project in northern...

21 May 2020
in
Power, Waste and water

OPWP to hold back investment capacity payments

Oman Power & Water Procurement (OPWP) assured private power and water companies in the Sultanate that it will not hold back investment capacity payments starting from...

21 May 2020
in
Transport

Oklahoma Turnpike secures $120m TIFIA loan

The Oklahoma Turnpike Authority has closed a $120 million federal TIFIA loan for construction of the Gilcrease Expressway in West Tulsa. The $340 million project will...

21 May 2020
in
Renewables

Sunvest and Triodos plan 112MW of solar for Groningen

Sunvest and Triodos Renewables Europe Fund are partnering on two neighbouring solar park projects in the Dutch municipality of Midden-Groningen. The 64MW Energiepark...

21 May 2020
in
Oil & gas

Madayn and PDO sign agreement for Marmul industrial city

Oman's Public Establishment for Industrial Estates (Madayn) has signed a memoradum of cooperation with Petroleum Development Oman (PDO) to establish an industrial...

21 May 2020
in
Renewables

ACME petitions to cancel record 600MW solar project in Rajasthan

ACME Solar has petitioned the Central Electricity Regulatory Commission (CERC) to cancel a 600MW solar project won in auction in 2018 for a record low bid of Rs2.44 per...

21 May 2020

Questions raised over London projects despite TfL’s £1.6bn bailout

All of Transport for London's construction projects have been placed under review after it secured a £1.6 billion financial lifeline last week.An eleventh-hour...

21 May 2020
in
Power, Renewables

TC Energy invests in Canyon Creek pumped hydro project

TC Energy Corporation has closed an equity investment in WindRiver Power Corporation subsidiary Turning Point Generation (TPG). TPG is the developer and owner of the...

21 May 2020
in
Power, Renewables

Denmark includes energy islands in Climate Action Plan

Denmark has included a proposal in its Climate Action Plan to build two energy islands in the North and Baltic Seas by 2030. Bornholm island in the Baltic Sea would...

21 May 2020

EMEA Deals of the Year 2019: The winners enclosure

Proximo judges were looking for the most innovative, market influencing transactions within project financing in 2019. And here are our winners!