Italian ECA SACE and AfDB have signed a deal to provide credit protection to foster investment in Africa under the $6 billion “Mattei Plan”.The Mattei plan to bolster economic links and create an energy hub for Europe - while curbing African emigration to Europe - was unveiled by Italian... More

EVelution Energy has received a non-binding LOI from the Export-Import Bank of the United States for a loan of up to $200 million to fund the construction and operation of its solar-powered cobalt production facility in Yuma County, Arizona. The financing would have a tenor of 18 years. The... More

Willkie Farr & Gallagher has appointed energy project finance attorney Noah Pollak as a partner. He is based in the firm’s Washington, DC office. He was most recently a shareholder at Greenberg Traurig. With nearly 20 years of energy industry experience, Pollak focuses his... More

Saudi Arabia’s Public Investment Fund has signed a $10 billion MoU with French ECA Bpifrance Assurance Export.The five-year pact will focus on projects supporting Vision 2030 and is aligned with the fund’s strategy to grow build long-term global partnerships. The credit line will be... More

A plan to export liquefied natural gas from Argentina is gaining momentum, with four drillers in the country’s heralded shale patch now signed on to supply a facility with the fuel. London-based oil company Harbour Energy announced that it would acquire a 15% equity stake in the roughly... More

A high-profile plan to produce clean hydrogen from Australia's brown coal for export to Japan is on the verge of collapse, with Kawasaki Heavy Industries — one of Japan’s largest industrial conglomerates — pulling out of the Hydrogen Energy Supply Chain project.The project... More

Elyse Energy secured €120 million ($127 million) from Hy24, PGGM, Bpifrance and Mirova to accelerate development of its e-methanol and sustainable aviation fuel production projects in France and Spain.Hy24 strengthened its commitment to the French company by acquiring a stake through its Clean... More

Italian state lender CDP and AfDB have signed a co-financing deal worth €400 million ($420 million) to promote climate finance, sustainable farming, education and technical assistance. The deal, signed during the AfDB's Africa Investment Forum in Rabat, is part of Italy's Mattei Plan to... More

VNG and HyCC plan to develop a 500MW green hydrogen facility in Lutherstadt Wittenberg for domestic energy use in Germany.The electrolyser will be installed near the Piesteritz agro-chemical park and located opposite SKW Piesteritz, one of the potential off-takers of project GreenRoot.Together,... More

Estonia will launch a tender for the development of an offshore wind farm in the Saare 1 area, nearly a year after the initial auction ended without any bids. Three companies will be qualified to bid after submitting applications for a superficies licence: CI Estonia Wind, OU Utilitas Wind and... More

AfDB and Bank of Africa SA have signed a risk-sharing agreement of €50 million to strengthen private-sector financing and promote African trade. The deal will enable Bank of Africa SA to provide more support to local African banks in their international operations, by allowing them to... More

EBRD is supporting MSMEs in Morocco through a senior loan of up to €50 million in local currency granted to Credit Agricole du Maroc (CAM).This loan will be used to finance and support the projects of eligible MSMEs, 65% of which are in areas affected by the earthquake of September 2023,... More

The EIB Group has invested €395 million in various tranches into a new asset-backed securities issue originated by Sabadell. EIB will contribute €350 million to the operation, while EIF will provide €45.2 million.Banco Sabadell has in turn committed to financing new projects from... More

The EIB Group has invested €395 million in various tranches into a new asset-backed securities issue originated by Sabadell. EIB will contribute €350 million to the operation, while EIF will provide €45.2 million.Banco Sabadell has in turn committed to financing new projects from... More

The UK has closed a finance deal worth over £60 million ($76.5 million) to help Cameroon improve vast swathes of land for agriculture.The support comes via a loan issued by UKEF and arranged by Standard Chartered. It allows British exporter Incatuk to deliver a project to improve 15,000... More

SAFCO Venture Holdings has secured funding to finance the construction and operation of a sustainable aviation fuel (SAF) facility in Sheikhupura, Pakistan. The project is the first private sector-led SAF initiative in APAC.The financing includes $41.2 million from ADB’s ordinary capital... More

Saudi Aramco has penned a shareholders’ agreement with SLB and Linde to establish a carbon capture and storage (CCS) hub. The project is expected to become one of the largest globally, with the potential to safely store up to 9 million tonnes of carbon dioxide a year by 2027.Phase one of the... More

Woodside Energy Group has signed an EPC contract with US engineering firm Bechtel to develop the Louisiana LNG project.The contract will cover the foundation development for the project's three production trains, with a capacity of 16.5 million tonnes per annum. Woodide also stated that it aims... More