Egypt’s $2.8 billion Assiut oil refinery expansion project is due to close an ECA-backed loan this year after pandemic-related delays to the deal. The project sponsor has opted to include a rare local bank-to-bank tranche from a pool of Egyptian banks, which may add to the already lengthy deal gestation.
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The recent ACEN ETM to retire the South Luzon coal-fired plant early attracted some controversy over its use of the ETM moniker. But the deal is more promising than was first apparent, although it may still struggle to influence transition finance outside its home market.
The Inflation Reduction Act has given US solar developers a choice of two types of tax credit – ITC and PTC. So how to get the best from the system? Match the right tax credit with the right solar project characteristics.