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25 March 2022
in
Power

DC advises Infracapital on LMI refinancing

DC Advisory has advised Infracapital Partners on the platform refinancing of UK independent network owner Last Mile Infrastructure Group (LMI). LMI owns and operates...

25 March 2022
in
Renewables

Rhode Island targets 600MW of offshore wind

The US state of Rhode Island has introduced legislation that would require a market-competitive procurement for 600MW of newly-developed offshore wind capacity. If...

25 March 2022
in
Power, Renewables

CIP invests in Sunfire and secures electrolyser capacity

CIP, through Copenhagen Infrastructure Energy Transition I, and Blue Earth Capital have participated in the capital raising of Sunfire to enable the scaling of the...

25 March 2022
in
Other

The Philippines changes foreign ownership rules

The Philippine President has approved an amendment to a 1935 law to allow full foreign ownership of businesses.  The amendment would remove a 40% cap on...

25 March 2022
in
Renewables

Norway changes allocation model for Utsira Nord

The Norwegian Government is proposing that sites in the Utsira Nord lease area for floating wind technology be allocated on qualitative based criteria to facilitate...

25 March 2022
in
Social infrastructure

AEIF II holds €880m first close

Allianz Global Investors (AllianzGI) has held a first close of its Allianz European Infrastructure Fund II (AEIF II) with over €880 million in commitments from...

25 March 2022
in
Renewables, Transport

Terminal project at New Bedford port to serve US wind

Foss Maritime will partner with Cannon Street Holdings to redevelop the former Sprague/Eversource site at the Port of New Bedford in Massachusetts to serve the offshore...

25 March 2022
in
Metals and Mining

Bluejay to raise $7m for Dundas ilmenite project

Bluejay Mining will raise $7 million via a discounted share placing, with the funds being used to further develop the Dundas ilmenite project in Greenland, as well as for...

25 March 2022
in
Renewables

OX2 acquires 500MW Greek development portfolio

OX2 has acquired two renewable energy portfolios in Greece with a total capacity of more than 500MW. The portfolios contain solar and onshore wind projects in different...

25 March 2022
in
Oil & gas

NIB signs sustainability-linked loan with Borregaard

The NIB has signed a $50 million sustainability-linked loan with Norway's Borregaard to create financial incentives for the clients in achieving agreed and most...

25 March 2022
in
Renewables

SSE to apply for MAC consent for Arklow 2

SSE Renewables has confirmed its intention to apply for a Maritime Area Consent (MAC) for its Arklow Bank Wind Park Phase 2 project under Ireland's new offshore wind...

25 March 2022
in
Telecoms and Communications

Brookfield joins Morrison for Uniti bid

One week into due diligence, Morrison & Co, now combined with Brookfield, has entered into a new exclusivity deed with Uniti Group in its bid to acquire the...

25 March 2022
in
Power

$295m loan helps Chad scale up access to energy

The World Bank has approved a $295 million grant from the International Development Association to help Chad expand its access to energy.The Chad Energy Access Scale Up...

25 March 2022
in
Power

AfDB commits $2.8bn to South Africa over 5 years

AfDB will commit ZAR42.5 billion ($2.8 billion) in new financing to South Africa over the next five years, including a ZAR6 billion package to help state power utility...

25 March 2022
in
Renewables

Singapore awards Solarnova Phase 6 rooftop solar

Singapore’s Housing Development Board (HDB) and Economic Development Board (EDB) have announced the winners of the Solarnova phase 6 auction round.Digo Corporation...

25 March 2022
in
Renewables

CEB lends to IREN to increase the use of green energy in Turin

The Council of Europe Development Bank and Italy’s multi-utility company IREN have signed a €80 million (about $88.1 million) loan to boost the use of green...

25 March 2022
in
Oil & gas, Power, Renewables

Proximo Weekly: Crunching the ECA numbers

With EPC and commodity costs rising globally, energy security concerns in Europe and parts of Asia lending added impetus to both short-term LNG and traditional renewables...

25 March 2022
in
Metals and Mining

MMG commits to $600m DRC cobalt expansion

Base metals miner MMG has approved a $500 million to $600 million expansion of its Kinsevere operation in the DRC, extending the mine life for at least another 13...

25 March 2022
in
Oil & gas

Eneva, PetroReconcavo, 3R bid for Petrobras onshore fields

Brazilian energy companies Eneva, PetroReconcavo, and 3R Petroleum Oleo e Gas are among companies that submitted binding offers for a cluster of onshore oilfields owned...

25 March 2022
in
Metals and Mining

Peru approves expansion of Las Bambas copper mine despite protests

MMG has secured approval from Peru's Ministry of Energy and Mines to expand its Las Bambas copper mine despite ongoing outrage from local indigenous...