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16 October 2020
in
Renewables

Borealis signs PPA with Eneco for Mermaid offtake

Austrian chemicals company Borealis has signed an agreement with Eneco for the supply of power from the 235MW Mermaid offshore wind farm in the Belgian North Sea. The...

16 October 2020
in
Metals and Mining, Oil & gas

Standard Bank lending to fossil fuel industries stands at $4bn

Standard Bank, Africa's largest lender by assets, has ZAR67.4 billion ($4 billion) in loans and commitments to the coal, oil and gas sectors on its books, according...

16 October 2020
in
Power, Renewables

Fluence buys storage software firm Advanced Microgrid Solutions

Energy storage firm Fluence has acquired Advanced Microgrid Solutions (AMS) and with it the Californian company's AI-driven optimisation software platform for energy...

16 October 2020
in
Renewables

SunEdison files for Chapter 11

Renewable energy company SunEdison has filed for Chapter 11 protection in the Manhattan federal court. After a two-year, $3.1 billion acquisition spree the company has...

16 October 2020

Shearman & Sterling promotes project finance partner in Asia

Global law firm Shearman & Sterling has strengthened its offering in Asia by promoting international project finance specialist Jean-Louis Neves Mandelli to a...

16 October 2020

DFC unveils new global strategy to catalyze $75bn by 2025

The US International Development Finance Corporation has unveiled its first global development strategy, which outlines investments of over $25 billion and aims to...

16 October 2020

CEB issues $1bn 0.25% global benchmark

The Council of Europe Development Bank (CEB) has priced a new $1 billion three-year global benchmark.Joint Lead Managers were BofA Securities, Credit Agricole CIB, Morgan...

15 October 2020
in
Renewables

GR Value signs on PV portfolio acquisition financing

Italian renewables start-up GR Value – via borrowing vehicle GR Value 2 – has raised a €35.9 million facility to finance its acquisition and refinancing...

15 October 2020
in
Transport

Caxxor plans Mexican port linked to a North American trade corridor

The Caxxor Group is planning to raise an initial $3.3 billion to develop a port project linked to a North American rail trade corridor that would stretch...

15 October 2020
in
Power, Renewables

Pacific Northwest team signs MoU to advance green hydrogen project

A team of Pacific Northwest public and private organisations – including the Eugene Water & Electric Board, NW Natural and the Bonneville Environmental...

15 October 2020
in
Renewables

Brilliant Capital formed to accelerate Midwest solar development

Inovateus Solar has formed a partnership with Middleburg Capital Development (MCD) and LogiKan Group's newly created Brilliant Capital to accelerate Inovateus'...

15 October 2020
in
Power

BB Energy closes annual RCF

BB Energy has closed a $197.5 million revolving credit facility, split into a one-year $137.5 million tranche and a one-year $60 million tranche. Proceeds will be used...

15 October 2020
in
Renewables

20MW solar PV project in Madagascar secures $19m debt funding

GreenYellow, Axian, Societe Generale, GuarantCo, and African Guarantee Fund have closed a MGA73.8 billion ($19 million) deal to support the debt funding of a 20MW solar...

15 October 2020
in
Renewables

Proximo Weekly: MAGA – Make America Green Again

He pulled the US out of the Paris Agreement, has been vocal in his climate change denial, removed many federal supports for renewables and even linked wind turbines with...

15 October 2020
in
Metals and Mining, Oil & gas, Power, Renewables

UKEF 'could create 42,000 jobs if it dumps fossil fuels for clean energy'

UK Export Finance, the UK's export credit agency, could create up to 42,000 jobs around the UK by 2035 if it switches its support for overseas fossil fuel projects to...

15 October 2020
in
Renewables

Tulu Moye geothermal EPC bids due

The heavily DFI-backed 50MW first phase of the $800 million 150MW Tulu Moye geothermal power project in Ethiopia's eastern Rift Valley is expected to...

15 October 2020
in
Oil & gas, Transport

Magnolia LNG granted permit extension by FERC

FERC has granted Glenfarne Group's Magnolia LNG project a five-year extension until April 2026 to establish its gas export terminal in Louisiana. Magnolia is...

15 October 2020
in
Renewables

Mainstream closes $280m mezzanine financing with AMP Capital fund

Mainstream Renewable Power has closed a $280 million three-tranche mezzanine financing with AMP Capital Infrastructure Debt Fund IV to fund construction equity to build...

15 October 2020
in
Renewables

Windhoek plans 25MW solar PPP

The Namibian capital of Windhoek has approved plans to develop a 25MW solar project through a public-private partnership (PPP). It has yet to be decided whether the N$420...

15 October 2020
in
Transport

Sri Lanka approves multi-storey parking project as PPP

The Sri Lankan cabinet has approved a project to build and maintain multi-storey car parks and mechanical parking stations at eight sites in Colombo and in the cities of...