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17 May 2021
in
Transport

John Laing buys Colombian road PPP stake

John Laing Group has achieved financial close on the COP151 billion ($40 million) acquisition of a 21.15% interest in the Colombian road project Pacifico 2, from...

17 May 2021
in
Transport

Australian contractor unable to secure insurance for Adani project

BMD Constructions, a contractor supposed to build a A$350 million ($270 million) section of a 210km rail line for Adani's controversial Carmichael coal mine...

17 May 2021
in
Power

Xcel announces new CEO to replace Ben Fowke

Xcel Energy has announced the forthcoming retirement of its chairman and CEO, Ben Fowke, in August to be replaced by the company's chief operating officer Bob...

17 May 2021
in
Power, Renewables

RES secures planning for 99MW Selby BESS

Renewabes developer RES has secured planning permission for its 99MW Lakeside Energy Storage project in North Yorkshire's Selby district. Construction is expected...

17 May 2021
in
Power, Renewables

Lekela plans BESS for Senegalese wind farm

Lekela has appointed consultancy DNV to assess the feasibility of installing a 40MW battery energy storage system (BESS) at the 158MW Taiba N'Diaye wind farm in...

17 May 2021
in
Social infrastructure

TDB finances expansion of King Faisal Hospital in Rwanda

The Eastern and Southern African Trade and Development Bank (TDB) is financing the expansion of Kigali’s King Faisal Hospital's outpatient facilities in Rwanda...

17 May 2021
in
Waste and water

NADB agrees financing for three water projects

The North American Development Bank (NADB) has approved three new projects in the water sector worth a total of $8.26 million.The first project is a drinking water...

17 May 2021
in
Oil & gas

Ireland advises against all LNG project developments during energy review

Ireland does not consider it "appropriate" for any new LNG import terminal project to proceed pending the outcome of a review of the country's energy supply...

17 May 2021
in
Transport

Uganda approves $395.5m loan for Kampala-Malaba MGR project

Uganda’s Parliament has approved a $395.5 million loan for the refurbishment of the Kampala-Malaba Meter Gauge Railway (MGR).The project is part of the bigger...

14 May 2021
in
Transport

Norfolk Southern raises $500m in green bond issuance

Norfolk Southern has raised $500 million in a green bond issuance to finance decreasing the company's carbon emissions and helping customers to reduce emissions...

14 May 2021

Rob Sternthal joins Piper Sandler

Piper Sandler has hired Rob Sternthal, who will join the firm's New York office as a managing director in the energy and power investment banking group....

14 May 2021
in
Transport

John Laing secures green loan for NGR project refinancing

John Laing has secured a AUD630 million ($490 million) green loan in a refinancing of the existing facilities for its New Generation Rollingstock (NGR) project in...

14 May 2021
in
Transport

Proximo Weekly: Ending the gridlock for greenfield toll financings

Greenfield toll road financing took a dive during the pandemic and volume may not climb back any time soon. With government and lenders somewhat wary of unproven toll...

14 May 2021
in
Power, Renewables

Vitol to repower recently purchased Illinois wind farm with Exus

Exus Management Partners has been selected to lead on Vitol’s plan to invest more than $250 million to upgrade and repower llinois’ Big Sky Wind Farm, a...

14 May 2021
in
Transport

Toronto transit projects receive C$12bn from government

The Canadian government has made a C$12 billion ($9.9 billion) commitment to transit projects in Toronto and Hamilton. Four construction-ready projects in Toronto will...

14 May 2021
in
Transport

Vietnam signs second expressway PPP

Vietnam's Ministry of Transport has signed a contract with a consortium of five companies to build the Dien Chau-Bai Vot section of the north-south expressway under a...

14 May 2021
in
Renewables

Ecoener awarded 31MW in Canary Island wind tender

Ecoener has run out as the most successful bidder in the EOLCAN 2 tenders for Canary Island wind projects. The company was awarded concessions valued at €6.85...

14 May 2021
in
Renewables

Univergy looks for Scottish offshore wind project partner

The Spanish-Japanese company Univergy Solar has begun a process to identify a financial partner to start the 500MW Project Scotia Ventus floating offshore wind project in...

14 May 2021

Zorlu RES receives 'B-(EXP)' rating from Fitch for IDR and bond issuance

Fitch has given Turkish renewable energy producer Zorlu Yenilenebilir Enerji Anonim Sirketi (Zorlu RES) a Long-Term Issuer Default Rating (LT IDR) of 'B-(EXP)'...

14 May 2021
in
Power

EP Infrastructure to halt coal by 2030

Czech EP Infrastructure has announced that its plans to abandon coal by 2030 and to become carbon-neutral by 2040. The company, which currently uses coal in its heating...