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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

23 May 2023
in
Transport

Corumba awards public lighting PPP

The Concip Corumba Consortium has won the auction for a public lighting PPP in the city of Corumba in Mato Grosso do Sul, Brazil.Concip will invest BRL89 million ($18...

22 May 2023
in
Power

Infinity interconnector to link Egypt and Europe

Infinity Power and Greek infrastructure investor Copelouzos Group have signed a MoU to develop an interconnector project linking Egypt to Europe.The Green Energy...

19 May 2023
in
Oil & gas

United Oil & Gas agrees extension for licence sale

United Oil & Gas has agreed to extend the long stop date of its sale of the UK Central North Sea Licence P2519 to Quattro Energy Ltd.The new long stop date of July 31...

18 May 2023
in
Renewables

US offshore wind industry: A current outlook

The project finance team at Cahill Gordon & Reindel LLP provide insight on the current state of the US offshore wind energy industry, highlighting several projects...

17 May 2023
in
Metals and Mining

K-Sure covers Sal de Oro lithium mine financing

More details have emerged on South Korea-based POSCO’s $412 million K-Sure-backed financing to back the development of its Sal de Oro lithium brine project in...

17 May 2023
in
Renewables, Transport

EDC, Alstom sign C$3.5bn sustainable mobility financing deal

Alstom and Export Development Canada have signed a Sustainable Global Corporate Partnership agreement to promote investments in clean mobility worldwide. The...

16 May 2023
in
Metals and Mining, Oil & gas, Power, Renewables, Telecoms and Communications

Proximocast: Industry news - 16 May

In this week's episode, Max announces the arrival of Proximo's new data report and gets you up to speed with the top stories of the week in the project and...

12 May 2023
in
Power

EC approves Spanish battery support

The European Commission has approved an €837 million ($910 million) Spanish scheme to support the production of batteries for the industrial chain of electric...

09 May 2023
in
Telecoms and Communications

Malaysia to build second 5G network

The Malaysian government has decided to allow a second 5G network to be created to address competition and pricing concerns arising from its single network strategy.The...

05 May 2023
in
Oil & gas, Renewables

Proximo Weekly: Different paths

Are multilateral development banks (MDBs) and export credit agencies (ECAs) pulling in the same direction when it comes to energy transition? The PR says they are – the...