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02 December 2020
in
Renewables

GE Renewable Energy to supply turbines for Vineyard Wind 1

GE Renewable Energy has been selected to supply its Haliade-X turbine for the 800 MW Vineyard Wind 1 project, the first utility-scale offshore wind project in the USA....

02 December 2020
in
Metals and Mining

Thor announces financial close of Segilola Gold Project finance facility

Canada-based Thor Explorations subsidiary Segilola Resources Operating Limited has completed the financial closing of the $54 million project finance senior debt facility...

02 December 2020
in
Renewables

EIB issues €300m financing for Siemens Gamesa’s RDI

The European Investment Bank will provide €300 million ($361.4 million) to Siemens Gamesa Renewable Energy, a Spanish manufacturer of wind turbines, to implement its...

02 December 2020

Libor going - but still many questions to answer

Despite the IBA looking at extending the date for the total demise of US$-Libor to 30 June 2023, Libor is finally on course for retirement, with a coterie of risk-free...

02 December 2020
in
Renewables

Urbasolar secures €246m financing for French solar portfolio

Urbasolar has secured a €246 million deal for its portfolio of 40 solar projects in France. Lenders include Bpifrance Financement, CEPAC, Banque Postale, and...

02 December 2020
in
Renewables

Orsted handed Danish tax bill for UK wind farms

Orsted has been handed a bill by the Danish Tax Authority for DKK5.1 billion ($825 million) plus DKK1.5 billion of interest for the full future value of the two wind...

02 December 2020
in
Transport

Albania tenders Vlora airport

The Albanian government has launched a new tender for the construction of Vlora airport after failing in its last two attempts. Bids are due by December 23 with the...

02 December 2020
in
Metals and Mining

Verdant’s Ammaroo phosphate project receives Major Project status

Australia's government has granted Major Project status to the A$1.5 billion ($1.1 billion) Verdant Minerals-owned Ammaroo phosphate project in the Northern...

02 December 2020

EBRD offers €82m loan for Montenegro's Gvozd wind farm

Montenegro's power utility Elektroprivreda Crne Gore (EPCG) has received a non-binding loan offer of up to €82 million ($99 million) from the European Bank for...

02 December 2020
in
Telecoms and Communications

IFC reviews Guondong mobile network expansion deal

The IFC is reviewing a financing to Guodong Network Communication Group - China’s largest privately owned independent tower company - to roll out a $145 million...

02 December 2020
in
Renewables

BiH plans addition of two onshore wind projects

Two onshore wind farm projects being developed in the Federation of Bosnia and Herzegovina (BiH) are set to more than double the country's total wind capacity....

02 December 2020
in
Renewables

Orsted signs route-to-market deal with Greenchoice

Orsted has entered into a 2-year route-to-market agreement with Greenchoice to trade and balance power from 325MW of Dutch onshore wind. Orsted is already active in the...

02 December 2020
in
Metals and Mining

Groundwater plans for New Acland coal mine expansion approved

New Hope Group has received approval for its groundwater management and monitoring plan for stage three of the New Acland coal project in Queensland. This is the final...

02 December 2020

Samsung awarder $1bn EPC contract for methanol plant

Samsung Engineering has received a letter of intent (LOI) from Malaysian petrochemical company Sarawak Petchem to build a 5,000 tons-per-day methanol plant. Samsung was...

02 December 2020
in
Power, Renewables

Total Solar plans microgrid for Cambodian island

Total Solar Distributed Generation (DG) and Canopy Power have started construction of a project to install a hybrid microgrid for the remote island Koh Rong Sanloem in...

02 December 2020
in
Transport

TfL secures £850m for Crossrail

Transport for London (TfL) has secured a £825 million ($1 billion) government funding package to allow the Crossail project to continue. The funding package will be...

02 December 2020
in
Power, Renewables

Repsol restructures and plans major renewables investment

Spanish energy company Repsol has published its 2021-2025 Strategic Plan outlining plans to decarbonise its asset portfolio and establish a new operating model to achieve...

02 December 2020
in
Metals and Mining

$55m Hellyer mine debt facility closed with ING Bank

NQ Minerals subsidiary Hellyer Gold Mines Pty has signed a $55 million loan facility with ING Bank. Proceeds will be used to immediately retire all project debt maturing...

02 December 2020
in
Telecoms and Communications

Portugal proceeds with 5G auction despite legal dispute

Portuguese telecoms regulator ANACOM will proceed with its 5G licence auction with the expectation of raising €238 million ($285 million). This is despite a legal...

02 December 2020
in
Renewables

WindEurope elects SGRE CEO as new chairman

Wind industry association WindEurope has elected Siemens Gamesa Renewable Energy (SGRE) CEO Andreas Nauen as its new chairman for an 18-month term. Nauen has previously...