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13 January 2023
in
Power, Renewables

Co-location, co-location, co-location

UK grid constraints and delays to new grid connections are forcing sponsors to look at maximising existing grid connections via BESS and renewables project co-location....

13 January 2023
in
Renewables

Proximo Weekly: Making the most of the little grey cells

With access to significant DFI backing and offtakers as equity investors, the contrast between the highly successful Northvolt EV battery gigafactory programme and the...

13 January 2023
in
Oil & gas

UK's $1.15bn funding for Mozambique LNG project ruled lawful

The British government’s funding of up to $1.15 billion for a liquefied natural gas project in Mozambique is lawful, a London court has ruled, dismissing an appeal...

13 January 2023
in
Transport

Uganda cancels $2.2bn SGR contract with China, opts for Yapi Merkezi

The Ugandan government has terminated the contract of China Harbour Engineering Company to build the country’s first phase of standard gauge railway, a 273km line...

13 January 2023
in
Renewables

Varo Energy buys 80% of Dutch biogas firm

Fuel trader and refiner Varo Energy, owned by Carlyle and energy trader Vitol, has bought an 80% stake in Dutch biogas maker Bio Energy Coevorden with a view to doubling...

13 January 2023
in
Metals and Mining, Renewables, Transport

Elemental secures financing for e-waste recycling in Poland

EBRD has committed a total financing package equivalent to around €120 million to support the construction of a greenfield recycling facility in southern...

13 January 2023
in
Manufacturing & equipment

EBRD supports Serbia's steel producer

EBRD has provided a €21.4 million ($23.1 million) loan to Metalfer Still Mill, Serbia’s leading manufacturer of concrete reinforcement steel.The loan will...

13 January 2023
in
Oil & gas

Indonesia approves Petronas development plan for Hidayah field

Indonesia has approved the first development plan for the Hidayah oil field, off Java Island, run by Malaysia's Petronas Carigali, upstream oil and gas regulator SKK...

13 January 2023
in
Waste and water

IDB supports water and sanitation services in Peru

IDB has approved a $60 million loan to boost the quality and coverage of drinking water and sanitation services in the Zarumilla and Aguas Verdes districts in Peru.The...

13 January 2023
in
Power

World Bank approves grant for Rogun hydropower project

The World Bank has approved $15 million in grant financing for the Technical Assistance for Financing Framework for Rogun Hydropower Project in Tajikistan.This technical...

13 January 2023
in
Metals and Mining

European Lithium signs MoU for Saudi Arabia plant

European Lithium has signed a non-binding MoU with Saudi Arabian major Obeikan Investment Group to build and operate a hydroxide plant in Saudi Arabia for the Wolfsberg...

13 January 2023
in
Power

NIB loan funds Leppakoski investments

Nordic Investment Bank has signed a ten-year loan with the Finnish energy company Leppakoski Group Oy to finance the company’s investments in electricity...

13 January 2023
in
Metals and Mining

Evolution completes A$18m earn-in at Cue

Evolution Mining has earned a 75% interest in the Cue joint venture, in Western Australia, after completing its earn-in requirements under an agreement with fellow-listed...

13 January 2023
in
Oil & gas

Walyering gas project secures regulator's approval

Australia's Department of Mines, Industry, Regulation and Safety has granted a production license for the Walyering gas field in the Perth basin, Western...

13 January 2023
in
Metals and Mining

Saudi AMAK inks offtake contract for zinc, copper concentrates Glencore

Al Masane Al Kobra Mining Company (AMAK) has signed a new multi-year offtake contract with Glencore to sell all its zinc and copper concentrates produced from mining...

12 January 2023
in
Renewables

Verizon signs 410MW of renewable supply agreements

Telecommunications company Verizon has signed four new renewable energy purchase agreements (REPAs) for an aggregate of up to 410MW.This includes two agreements with...

12 January 2023
in
Renewables

Siemens Gamesa names preferred supplier for Thor

RWE has signed a Preferred Supplier Agreement with Siemens Gamesa for the 1GW Thor offshore wind project.in the Danish North Sea.Siemens Gamesa will supply 72 units of...

12 January 2023
in
Renewables

Hive is developing 4GW of solar with storage in Turkey

Hive Energy has applied for 4GW of co-located solar and battery storage projects in 30 locations across Turkey.The applications focus on 19 cities, from Gaziantep in the...

12 January 2023
in
Renewables

Japan to auction four offshore wind sites under new rules

Japan’s government has opened the next round of auctions for the development of offshore windThe auction is proceeding under revised parameters designed to open the...

12 January 2023
in
Renewables

French renewable legislation advances in parliament

France’s lower house of parliament has adopted a draft bill aimed at speeding up the development of renewables.The bill will now go before a committee to draw up a...