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News
11 October 2021
in
Metals and Mining

GFG Alliance strikes debt deal with Credit Suisse

The GFG Alliance has agreed a debt restructuring deal with Credit Suisse for its Australian steel and coal mining assets, and announced plans to inject £50 million...

News
11 October 2021
in
Power, Renewables

Orsted signs new €2bn sustainability-linked revolver

Orsted has signed a €2 billion ($2.3 billion) 5-year sustainability-linked syndicated revolving credit facility with two 1-year extension options. It is for...

News
11 October 2021
in
Renewables

Maryland PSC denies Skipjack motion to disqualify 2 US Wind bids

Maryland Public Service Commission (PSC) has denied a motion by the Orsted-owned Skipjack Offshore Energy to have two of rival US Wind's bids, submitted in the...

News
11 October 2021

Niam Infrastructure hires CIO

Niam Infrastructure has appointed Linus Hagg as Chief Investment Officer and partner. He was most recently CFO at Nordic renewable developer Arise. Prior to that...

News
11 October 2021
in
Waste and water

NWC awards 7-year water contract for Eastern Region

The Saudi Arabian state-owned National Water Company (NWC) has awarded a SAR221 million ($59 million) 7-year contract to a consortium comprising Miahona, Saur Group, and...

News
11 October 2021
in
Social infrastructure

BaltCap signs Vilnius sports complex PPP

BaltCap Infrastructure Fund (BInF) has signed a 25-year concession for a multifunctional sports complex in Vilnius with the Lithuanian Ministry of Education, Science and...

News
11 October 2021
in
Metals and Mining, Oil & gas

Fossil fuel companies paying top law firms millions to ‘dodge responsibility’

The world’s biggest corporate law firms have been making millions of dollars representing fossil fuel companies but, as the climate crisis intensifies, this work is...

News
11 October 2021
in
Renewables

I Squared to invest in Australian recycler SOILCO

I Squared Capital, through its ISQ Global Infrastructure Fund III, has entered an agreement to acquire a majority interest in Australian family-owned recycling business...

News
11 October 2021
in
Power

LS Power refinances Hummel gas-fired power

LS Power has closed a $655 million debt refinancing for the Hummel gas-fired power station in northern Pennsylvania. Signed and syndicated on 28 September 2021, the loan...

News
11 October 2021
in
Power

Quang Ninh LNG-to-power project eliminates bidders

A joint venture comprising PV Power, Tokyo Gas, Colavi and Marubeni was the only bidder to overcome all project requirements to invest in the $2 billion Quang Ninh...

News
11 October 2021
in
Metals and Mining, Power, Renewables

Fortescue unveils massive hydrogen project in Queensland

Iron-ore major Fortescue Metals’ green energy arm Fortescue Future Industries has announced the construction of the world’s largest electrolyser, renewable...

News
11 October 2021
in
Renewables

Desert to Power G5 Sahel financing facility receives $150m from GCF

The African Development Bank has welcomed $150 million investment in its Desert to Power G5 Financing Facility from the Green Climate Fund.Desert-to-Power is a renewable...

News
08 October 2021
in
Renewables

Anglo American awards 100MW solar project at South African mine

Anglo American Platinum has selected the Pele Green Energy and EDF Renewables consortium as the preferred supplier to build a 100MW solar plant at its Mogalakwena mine in...

News
08 October 2021
in
Transport

Lane awarded contract to build Virginia's 495 NEXT

The Lane Construction Corporation has been selected as the contractor to build Virginia’s 495 Express Lanes Northern Extension (495 NEXT) in partnership...

News
08 October 2021
in
Renewables

Eneos considering acquisition of JRE for $1.8bn

Japanese oil major Eneos Holdings plans to acquire domestic renewables developer and operator Japan Renewable Energy (JRE) in a deal worth JPY200 billion ($1.8 billion),...

News
08 October 2021
in
Oil & gas, Renewables

PTT Public and Tokyo Gas to form Thai JV

Thai state-owned PTT Public Co and Tokyo Gas Engineering Solutions Corp will set up a joint venture to offer energy supply solutions to factories, utilities and small...

News
08 October 2021
in
Power, Renewables

Utico to enter hydrogen production by 2024

Utico, the UAE's only private water and power company, will enter into hydrogen production by 2024. The company is planning an initial 12,000 tons of annual hydrogen...

News
08 October 2021
in
Telecoms and Communications

Rowan Green plans 500MW data centre in Texas

Rowan Green Data is planning a new 500MW multi-tenant data centre campus campus in Temple, Texas. The $300 million project will be undertaken in two phases with the first...

News
08 October 2021
in
Oil & gas

Vietnam approves new $2.3bn LNG project

Vietnam has approved a $2.3 billion liquefied natural gas power plant due to be co-developed by Vietnamese and South Korean companies and to start commercial operations...

Perspective
08 October 2021

Proximo Weekly: Is China losing its infra finance grip?

With a potential focus by China on domestic stimulus via infrastructure, a retreat from the levels of BRI lending seen pre-pandemic and increased Chinese banks lending...