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13 December 2021
in
Power, Transport

ADB agrees $600m loan for Java electricity resilience project

The Asian Development Bank has approved a $600 million results-based loan to help state-owned power company Perusahaan Listrik Negara (PLN) improve the reliability and...

13 December 2021
in
Renewables

PEDA invites bids for 18MW of solar for BBMB

The Punjab Energy Development Agency (PEDA) is inviting bids for a cumulative capacity of 18MW of grid-connected solar power projects at four locations of the Bhakra Beas...

13 December 2021
in
Oil & gas, Power

Expanded Santos names new CFO as it prepares to sell assets

Australia's Santos has named a new chief financial officer - its first move since sealing its $6 billion takeover of Oil Search - who will play a key role in selling...

13 December 2021
in
Transport

EIB helps finance Port of Genoa expansion with €300m loan

The European Investment Bank is providing a €300 million ($338.6 million) framework loan to Italy's Autorita di Sistema Portuale del Mar Ligure Occidentale (Port...

13 December 2021
in
Metals and Mining

Mongolia says Rio Tinto agrees to write off country's Oyu Tolgoi debts

Anglo-Australian mining giant Rio Tinto has agreed to write off Mongolia's outstanding $2.3 billion debt for its share in the massive Oyu Tolgoi copper-gold project,...

13 December 2021
in
Metals and Mining, Oil & gas, Power

Biden orders US to stop financing new carbon-intense projects abroad

The Biden administration has ordered US government agencies to immediately stop financing new carbon-intensive fossil fuel projects overseas and prioritize global...

13 December 2021
in
Power, Social infrastructure, Transport, Waste and water

TDB, NIB sign project financing agreement

The Eastern and Southern African Trade and Development Bank Group (TDB) and the Nordic Investment Bank have signed a bilateral Memorandum of Understanding to cooperate on...

13 December 2021
in
Metals and Mining

Firefinch raises A$100m for African gold plans

Gold miner and lithium developer Firefinch has completed a A$100 million (about $71.4 million) institutional share placement, allowing the company to fast-track...

10 December 2021
in
Power, Renewables

CPP Investments and Octopus form strategic partnership

Octopus Energy Group has announced a long-term strategic partnership with Canada Pension Plan Investment Board (CPP Investments). This partnership is formed of an initial...

10 December 2021
in
Renewables

Vattenfall granted consent for 1.8GW Norfolk Boreas

The UK Government has awarded planning consent for Vattenfall’s 1.8 GW Norfolk Boreas Offshore Wind Farm. The project is part of Vattenfall’s proposed Norfolk...

10 December 2021
in
Transport

Cross London Trains advised by DC on £1.7bn refinancing

DC Advisory (DC) acted as the exclusive financial advisor to Cross London Trains (XLT) on its £1.7 billion ($2.25 billion) refinancing package. XLT was established...

10 December 2021
in
Power, Renewables

Apex plans 1GW of solar projects on Weyerhaeuser land

Apex Clean Energy has executed an agreement with Weyerhaeuser (WY) for the development of 1,000MW of utility-scale solar and solar-plus-storage projects on Weyerhaeuser...

10 December 2021
in
Power, Transport

Tlou Energy and BPOPF sign note and equity agreement

Tlou Energy has signed a convertible note agreement with Botswana Public Officers Pension Fund (BPOPF) and has agreed terms for an equity investment by BPOPF for the...

10 December 2021
in
Power, Renewables

EC approves Croatian renewables support scheme

The European Commission has approved a €783 million ($885 million) Croatian scheme to support production of electricity from renewable energy sources. The Commission...

10 December 2021
in
Renewables

Shizen and Swancor to develop Japanese offshore wind

Shizen Energy and Swancor Renewable Energy have entered into an agreement to jointly develop offshore wind farms in Japan’s Kyushu region. Swancor, the developer of...

10 December 2021
in
Power, Renewables

KKR launches Stella Renewable Power platform

KKR has announced the launch of the Stellar Renewable Power platform that will source, develop and operate utility-scale solar plants and storage facilities on behalf of...

10 December 2021
in
Telecoms and Communications

SEQI invests £60m in East of England ISP

Sequoia Economic Infrastructure Income Fund (SEQI) has made a £60 million ($80 million) investment in internet service provider LightSpeed Broadband. Funding will...

10 December 2021
in
Power, Renewables

OQ, ACWA and Air Products team up for H2Oman project

Oman's state-owned energy company OQ, ACWA Power and Air Products have signed a MoU to explore the development of the H2Oman hydrogen project in the sultanate's...

10 December 2021
in
Power, Renewables

Woodside plans US hydrogen project, signs MoU with Hyzon Motors

Australian energy producer Woodside has secured land in Oklahoma for the future development of a modular hydrogen facility and has entered into a MoU with Hyzon...

10 December 2021

Proximo Weekly: A liquid diet

The $1.2 trillion US Infrastructure Bill still leaves a major chasm to bridge between government funding availability and demand. Two recent deals hint at where some of...