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15 December 2017

StanChart announces $20bn support for Belt & Road initiative

Standard Chartered Bank has announced a further commitment to support China's Belt & Road initiative by facilitating financing to the value of at least $20...

15 December 2017
in
Renewables

KfW IPEX finances wind farm in Argentina, EKF provides cover

KfW IPEX-Bank is financing seven Vestas V126-3.45MW wind turbines for Parque Eolico del Sur and its partner 3 G.A.L with a corporate finance loan of $21.8 million. Danish...

15 December 2017

XL Catlin: Jay Lefkowitz to lead global risk management business In North America

XL Catlin has promoted Jay Lefkowitz to president of its Global Risk Management business in North America. He will be based in New York and was previously head of XL...

15 December 2017
in
Transport

ADB agrees $380m loan to improve roads in Mindanao, Philippines

The Asian Development Bank has agreed a $380 million loan to help the Philippine government strengthen the road network and spur economic development in Mindanao. The...

15 December 2017

ADB: Newin Sinsiri is new Myanmar Country Director

Newin Sinsiri has been appointed the new Country Director for Myanmar at the Asian Development Bank (ADB). He joined ADB in 1998 and has held several leadership positions...

15 December 2017

NIB and Säästöpankki sign deal for for SMEs and green projects in Finland

NIB and Finnish Nooa Säästöpankki Oy have signed a long-term loan of €10 million for onlending to small and medium-sized enterprises and for...

15 December 2017

Siemens and Rotan Power sign $500m power plant deal in Ghana

Germany's export credit agency and Euler Hermes are set to provide financing for a combined cycle power plant with a capacity of 660MW at the Aboadze Power Enclave...

15 December 2017

Ardshinbank signs trade finance facility with Citi and ADB

Armenia's Ardshinbank has signed a $25 million one-year Club Trade Finance Facility arranged by Citi with the Asian Development Bank (ADB). It represents the first...

15 December 2017

Emerging Africa Infrastructure Fund seals $100m loan from AfDB

The African Development Bank (AfDB) has approved a $100 million loan to the Emerging Africa Infrastructure Fund in a bid to reduce the huge infrastructure financing gap...

14 December 2017

Opportunity of the day: Sany plans development of Pakistan-based wind power facilities with total capacity of 1GW

Sany Group Co Ltd is planning to develop wind power plants with total capacity of 1000MW in Pakistan's Punjab province, according to the firm's board secretary...

14 December 2017
in
Renewables

ACOFI funds wind acquisition from RES

ACOFI Gestion has closed a €45.7 million non-recourse financing to back its acquisition of two French wind farms from RES. Both projects - the Bois de Bajouve wind...

14 December 2017
in
Power, Renewables, Waste and water

OPWP to consider feasability of W-t-E project proposed by Be'ah

The Oman Power and Water Procurement Company (OPWP) is preparing to commission a feasibility study into a proposal by government-owned waste management company Be'ah...

14 December 2017
in
Power

MMO gives final consent for UK-France interconnector

The UK Marine Management Organisation (MMO) has approved the National Grid IFA2 project for a 1GW UK-France interconnector planned to run from Normandy in France to...

14 December 2017
in
Renewables

Scatec Solar team wins 40MW Malaysian project

Norwegian renewables company Scatec Solar and Fumase have been awarded a 40MW solar PV project located in the state of Perak by Malaysia Energy Commission. Scatec will be...

14 December 2017
in
Power

Serbian and Chinese JV to develop 350MW Gacko 2 coal-fired project

China Machinery Engineering Company, Emerging Markets Power Fund and the Serb Republic have agreed to form a 51% Chinese-owned joint venture to develop the 350MW Gacko 2...

14 December 2017

Norway to award Rv3/Rv25 PPP in early 2018

The NOK4 billion ($483 million) Rv3/Rv25 Ommangsvollen-Grundset/Basthjornet project, part of Norway's roads PPP programme, is to be awarded to one of three...

14 December 2017
in
Renewables

Sequoia funds ReneSola Polish solar projects

ReneSola has secured senior and subordinated debt from Sequoia Economic Infrastructure Income Fund to back development of 55x1MW Polish solar PV projects....

14 December 2017
in
Renewables

Alberta awards 600MW of new wind capacity

The Alberta government has has awarded 600MW of wind projects at an average 20-year price of C$37/MWh - the lowest Canadian electricity price to date....

14 December 2017

Fitch assigns African Guarantee Fund 'AA-' IFS rating

The African Guarantee Fund for Small and Medium-Sized Enterprises, which assists financial institutions in Africa to scale up their SME financing, has received an...

14 December 2017
in
Renewables

eThala issues EOI for South African biomass project

eThala Management Systems has issued a call for expressions of interest for consultancy services for a biomass-to-power project to be located in Harding in Kwa Zulu Natal...