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24 December 2019
in
Oil & gas

MOL signs first green loan to finance LNG bunkering vessel

Mitsui O.S.K. Lines (MOL) has signed its first green loan, the proceeds of which will be used to partially finance the construction of the world’s largest LNG...

24 December 2019
in
Metals and Mining

Danakali executes $200m financing for potash project in Eritrea

Colluli Mining Share Company  - a JV between Danakali and Eritrean National Mining Company - has executed definitive documents for $200 million in senior debt...

24 December 2019
in
Metals and Mining

AngloGold Ashanti and IAMGOLD to sell stake in Mali mine

South Africa-headquartered mining company AngloGold Ashanti and its joint venture partner IAMGOLD plan to sell their stake in the Sadiola project, in Mali, for $105...

23 December 2019
in
Oil & gas

KfW IPEX, Finnvera, FEC to finance El Salvador LNG-to-power project

KfW IPEX-Bank, Finnish Export Credit and Finnvera are to provide $142 million of debt to part finance the 378MW $877 million Energia del Pacifico LNG-to-power project in...

23 December 2019
in
Renewables

KEPCO to invest KRW11 trillion in offshore wind complex

The Korea Electric Power Corporation (KEPCO) will invest KRW11 trillion to build the 3GW first phase of an offshore wind power plant complex in Sinan County, South Jeolla...

23 December 2019
in
Renewables

Ibri II solar financing nears close

An ACWA Power-led consortium – comprising Kuwait's GIC (40%) and Alternative Energy Projects (10%) – is expected to reached financial close on a $263...

23 December 2019
in
Renewables

Erich Stephens to leave Vineyard Wind

Erich Stephens, Chief Development Office of Vineyard Wind is to leave the offshore wind company. He was responsible for pre-construction development of Vineyard Wind 1....

23 December 2019

Tesla to take new $1.4bn loan from Chinese banks for Shanghai factory

US electric vehicle maker Tesla and a group of Chinese banks have agreed a new CNY10 billion ($1.4 billion), five-year loan facility for the company's Shanghai car...

23 December 2019
in
Renewables

Greenwing Energy to buy stake in 640MW Taiwanese offshore wind farm

Thailand's Electricity Generating (Egco), through its subsidiary Greenwing Energy, is to acquire a 25% stake in offshore wind project company Yunlin Holding GmbH....

23 December 2019
in
Power

Norte II closes refi

KST Electric Power Co – a joint venture between KEPCO (56%), Samsung (34%) and Techint (10%) – has refinanced the debt package stapled to the 433MW Norte II...

23 December 2019
in
Renewables

European Energy sells 53MW Zinkgruvan wind farm

Danish developer European Energy has sold the 53MW operational Zinkgruvan wind farm in Sweden to a German asset management company for an undisclosed sum. The project was...

23 December 2019
in
Renewables

Financial close for 46MW Nkhotakota solar project in Malawi

Phanes Group has reached financial close on the debt backing its 46MW Nkhotakota solar project in Malawi. The project is being developed by Phanes in collaboration with...

23 December 2019
in
Power

Tribunal awards $175m to Reliance for DVC power project

Reliance Infrastructure has been awarded Rs1,250 crore ($175 million) by a three-member arbitration tribunal against the government-owned Damodar Valley Corporation...

23 December 2019
in
Power, Renewables, Social infrastructure, Transport, Waste and water

Downing makes two senior hires

London-based investment manager Downing LLP has announced two senior hires. Russ Cummings joins as an advisor to Downing's venture business and a member of...

23 December 2019
in
Renewables

JBIC agrees loan for wind power plant in northern Morocco

The Japan Bank for International Cooperation has signed a €44 million (JBIC portion) with Moroccan company Parc Eolien de Taza SA (PETS) - invested in by Mitsui...

23 December 2019
in
Renewables

GAM buys equity stake in Dominican Republic wind project

GAM Capital's closed-end fund, GAM Energía, has acquired an equity stake in Akuo Energy Dominicana, owner of the 50MW Parques Eolicos del Caribea wind farm...

23 December 2019
in
Transport

KKR selling European rail leasing platform to Axa and Credit Agricole

Investment firm KKR has signed a definitive agreement with a consortium  of AXA Investment Managers - Real Assets and Credit Agricole Assurances to sell its European...

23 December 2019
in
Power, Renewables

IADB finances project to boost electricity coverage in rural Suriname

The Inter-American Development Bank has approved a $30 million investment loan to Suriname for a project to improve access to sustainable electricity.The project is also...

23 December 2019
in
Oil & gas

APA Group CFO Fredricson to retire

Peter Fredricson, Chief Financial Officer of Australian energy infrastructure business APA Group has  announced his intention to retire. He will remain in post until...

23 December 2019

The Proximo 2019 Festive Trends Round-up

In a year of immense change for energy, infrastructure and project finance, Proximo Transmission's regulars pick the trends that mattered in 2019 - and the trends that...