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10 July 2023
in
Power

Europe approves Spanish energy storage scheme

The European Commission has approved a €350 million ($385 million) Spanish scheme to support the construction and operation of electricity storage facilities.The...

05 July 2023
in
Power, Renewables

India releases framework for hydrogen incentives

India’s Ministry of New and Renewable Energy (MNRE) has released a framework document outlining incentive programmes in the hydrogen sector.Under the framework,...

30 June 2023
in
Power

BlackRock raises A$500m for Waratah battery

BlackRock has raised more than A$500 million ($330 million) towards the financing of the A$1 billion 850MW/1680MWh Waratah battery.Funding includes a A$100 million equity...

29 June 2023

Fitch Downgrades two Azure Power US dollar bonds

Fitch Ratings has downgraded two Azure Power US dollar bonds amid delisting concerns over the failure to provide annual audited financial disclosures.Azure Power Solar...

26 June 2023
in
Power, Renewables

More details emerge on €42m landmark solar PV and BESS project in Senegal

The Emerging Africa Infrastructure Fund (EAIF) and FMO have provided senior secured loans to fund development of the first project-financed solar PV plant and battery...

23 June 2023
in
Renewables

BNetzA publishes results of May wind tenders

Germany’s Federal Network Agency (BNetzA) has published the results of its onshore wind and innovation tenders with May 1 bid deadlines.The 2,866MW tender for...

20 June 2023
in
Renewables, Telecoms and Communications, Transport

Proximocast: Industry news - 20 June

Fresh from Proximo Europe 2023 last week, Max announces our European winners for Deals of the Year 2022, plus the top stories in Europe.Top stories in Europe this week:-...

16 June 2023
in
Telecoms and Communications

EC approves Spanish 5G scheme

The European Commission has approved a €680 million ($745 million) Spanish scheme to roll out 5G standalone networks in underserved rural areas. The scheme will...

14 June 2023
in
Renewables

Envision to power Amunet wind farm financed by IFC and JBIC

Envision Energy has announced that its wind turbines have been selected for the Amunet 500MW wind farm project in Egypt, developed by AMEA Power.The project has...

13 June 2023
in
Power

Sinosure reduces coverage for Pakistan's projects

Sinosure has reduced its coverage for Pakistan’s projects to 70% from 95% and banks are now asking for 25% coverage from third party.This was revealed by the...

07 June 2023
in
Oil & gas, Renewables

Wood 'expanded oil and gas business after £430m green transition loan'

International engineering company Wood Group has expanded its oil and gas business and shrunk its renewables operations after receiving a £430 million UKEF-backed...

07 June 2023
in
Power, Renewables

US releases Hydrogen Strategy and Roadmap

The Biden-Harris Administration has released the final version of the US National Clean Hydrogen Strategy and Roadmap.The comprehensive framework provides a snapshot of...

05 June 2023
in
Renewables

118 bidders qualify for Philippine renewables auction

The Philippines’ Department of Energy (DOE) is set to hold its second Green Energy Auction (GEA-2) on June 19. A total of 118 companies have qualified to bid...

02 June 2023
in
Renewables

Westbridge secures funding for AESO contributions

Westbridge Renewable Energy Corporation has secured financing to fund its Alberta Electric System Operator (AESO) contribution requirement for its Canadian pipeline.The...

01 June 2023
in
Renewables

Modus holds €85m first close for clean energy fund

Modus Asset Management’s renewable energy fund has raised €85 million ($91 million) in investor commitments in its first closing.Funds for the newly...

31 May 2023
in
Power, Renewables

Spain launches green hydrogen incentive scheme

Spain’s ministry for the ecological transition has launched an incentives programme for the domestic green hydrogen industry.Grants up to a total of €150...

31 May 2023
in
Oil & gas

ConocoPhillips acquires TotalEnergies' stake in Surmont oil sands asset

ConocoPhillips has exercised its preemption right to purchase the 50% interest in the Surmont asset held by TotalEnergies.TotalEnergies will receive a cash payment upon...

31 May 2023
in
Metals and Mining

EBRD supports Eldorado's Skouries gold-copper mine

EBRD aims to foster a sustainable and inclusive mining sector in Greece with an equity investment of €56 million ($60 million) in Eldorado Gold Corporation.The...

30 May 2023
in
Renewables

BII, Stanbic finance Kenya's off-grid solar energy

BII and Stanbic Bank have announced commitments to Sun King through a $130 million funding round and a joint $20 million working capital facility.Targeting further...

23 May 2023
in
Manufacturing & equipment, Oil & gas, Power, Renewables, Social infrastructure, Telecoms and Communications, Transport

Proximo North America Awards 2022: Staying on top

From very large and complex greenfield financings, to refinancings that tapped new markets, these were the highlights of 2022