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08 October 2024
in
Renewables

ACWA signs LOI with AIIB for Kongrad projects

ACWA Power has signed a letter of intent with the Asian Infrastructure Investment Bank to provide $150 million for three wind power plants in Uzbekistan. The...

08 October 2024
in
Transport

The Philippines advances four unsolicited airport proposals

The Philippines’ Department of Transportation is set to award one airport public-private partnership project this year and a further three next year.The opening of...

08 October 2024
in
Telecoms and Communications

Centersquare looks to raise $985m through ABS debut

Data centre operator Centersquare – a new company formed by Brookfield’s merger of Evoque and Cyxtera – is looking to raise $985 million in securitised...

08 October 2024
in
Renewables

Headwater Energy secures development loan from Optus Bank

Optus Bank has provided a development loan to Headwater Energy, to allow the advancement of a solar development project located in rural North Carolina. The total...

08 October 2024
in
Power

VicGrid seeks environmental approval for Gippsland transmission plans

VicGrid has submitted a 2GW transmission project to connect Victoria’s first offshore wind projects off Gippsland for federal environmental approval.The plans for a...

08 October 2024
in
Manufacturing & equipment, Metals and Mining, Oil & gas, Power, Renewables, Telecoms and Communications, Transport

Proximocast: Industry News - 07 October

This week, Maura takes us through the top stories across project and infrastructure finance:RFP issued for Eglinton Crosstown West packageUS sets solar import duties on...

08 October 2024
in
Renewables

Saudis set to invest $10bn in green hydrogen production

Saudi Arabia has launched a new company to finance green hydrogen production.The Public Investment Fund has set up Energy Solutions Company to invest at least $10 billion...

08 October 2024
in
Manufacturing & equipment, Renewables

Plug Power signs supply framework with AGA

Plug Power has signed a binding framework agreement with Allied Green Ammonia (AGA) for the supply of 3GW of electrolyser capacity. The framework agreement follows the...

08 October 2024
in
Renewables

Norway plans $3.3bn support scheme for first floating wind tender

Norway is planning a NOK35 billion ($3.29 billion) support scheme for its first commercial floating offshore wind tender within the Vestavind F and Vestavind B...

08 October 2024
in
Manufacturing & equipment, Renewables

Heliene closes $54m strategic equity investment

Solar module manufacturer Heliene has closed a strategic equity investment up to $54 million from Transition Equity Partners (TEP)TEP made the investment in collaboration...

08 October 2024

Italgas agrees to buy 2i Rete Gas

F2i and Finavias have agreed the sale of Italy’s second-largest natural gas distribution operator to Italgas for an equity value of €2.06 billion ($2.26...

08 October 2024
in
Telecoms and Communications

H.I.G. Capital buys stake in PolarDC

An affiliate of H.I.G. Capital has acquired a controlling interest in data centre developer, owner and operator PolarDC Group Limited.Polar’s first data centre in...

08 October 2024
in
Power, Renewables

Zelestra acquires majority stake in German developer

Zelestra’s German business unit has acquired a majority stake in East Energy GmbH, a developer of multi-technology energy solutions based in Rostock,...

08 October 2024
in
Power

Gunvor seals deal for 75% stake in Bilbao power plant

Gunvor has completed the acquisition of a 75% ownership stake in Bahia De Bizkaia Electricidad (BBE), a 785MW combined cycle power plant located in Bilbao, from bp.The...

08 October 2024
in
Renewables

Polenergia plans first green bond issue

Polish energy group Polenergia has received strong demand for its first 5-year Green Bond and will increase the amount of the issue.  As a consequence of a PLN1...

08 October 2024
in
Power

Pacific Green to begin origination of UK BESS projects

Pacific Green has launched the second phase of its UK BESS strategy with the appointment of a dedicated Development Team.Development Directors Steven Black and Fraser...

08 October 2024
in
Telecoms and Communications

Four qualify for Kuwaiti telecom network PPP

The Kuwait Authority for Partnership Projects (KAPP) has pre-qualified four companies to buy bidding documents for a fixed telecommunication network project.Bahrain...

08 October 2024
in
Renewables

Denmark postpones green hydrogen transmission roll-out to Germany

Denmark will postpone the roll-out of a green hydrogen transmission pipeline between western Denmark and northern Germany by three years to 2031 from 2028.Denmark has...

08 October 2024
in
Oil & gas

BP ‘abandoning plan to cut oil output’ angers green groups

BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence,...

08 October 2024
in
Renewables

ENGIE secures €500m sustainability-linked loan

ENGIE has secured a green and sustainability-linked loan of €500 million ($534 million).The financing - from IFC, AIIB and Proparco - includes climate targets as...