India’s largest steelmaker JSW Steel is seeking a loan of up to $900 million, sources said, adding to a flurry of dollar debt deals from the nation’s borrowers. Nearly ten international lenders — including European, Japanese and Middle Eastern banks — are in discussions... More

The Lithuanian Ministry of Energy has proposed temporarily suspending the ongoing offshore wind tender in the Baltic Sea to review its terms and conditions.The move is aimed at ensuring that the impact on the final prices of electricity paid by consumers is as low as possible after the tender is... More

IFC is providing up to $165 million to Sao Martinho, a Brazilian producer of sugar, ethanol, and renewable energy. The ten-year loan will support the construction of Sao Martinho's first biomethane plant at its Santa Cruz Unit, which will produce renewable natural gas through the... More

Italian cable manufacturer Prysmian has cancelled plans for a submarine cable factory at Brayton Point in Somerset, Massachusetts. “Prysmian has decided to not proceed with the purchase of the land in Somerset, and therefore will not proceed with the Brayton Point project," a company... More

Element 25 Limited (E25) has been formally awarded and signed for $166 million in grant funding from the US Department of Energy (DoE).This funding, made through the Battery Materials Processing Grant Programme, will support the construction of E25’s proposed battery-grade high-purity... More

Norwegian company Freija is progressing the development of one of Europe’s largest clean fuel production facilities in Nokia, Tampere region, Finland. The project will help meet strong demand for eMethane driven by adopted EU directives. Freija will make eMethane at scale from clean... More

Zing, the international payments app launched by HSBC just last year, is set to close down in the bank’s latest fintech flop.HSBC is preparing to inform employees that it has decided to axe the business following a struggle to restructure Zing’s compliance functions, codenamed Project... More

Absa Bank has conditionally approved a credit term sheet for its 50% participation in an about $160 million syndicated loan facility for Pensana’s Longonjo rare earths project, in Angola.This is subject to the conclusion of definitive loan documentation and the fulfilment of conditions... More

Tamboran Resources and Santos could add up to six million tonnes per annum of capacity to the current Darwin LNG facility in Australia's Northern Territory through a second LNG production train.The companies have signed a non-binding MoU for technical studies regarding the potential expansion,... More

Hapag Lloyd signed a $1.1 billion Sinosure-backed loan on 19 December 2024. Proceeds will be used to acquire  2x 9,200 TEU and 6x 16,800 TEU dual-fuel LNG containerships to be constructed at two reputable Chinese shipyards.Mandated lead arrangers on the deal are HSBC, Credit Agricole, Citi... More

ABB has struck a railway electrification supply deal with Skoda Group, the first of its kind between the two companies.ABB will supply its Traction Battery Pro Series, which will be equipped on Skoda’s new fleet of battery-electric multiple units (BEMUs) ordered by Ceske drahy, the Czech... More

JBIC raised £350 million via five-year fixed rate global bonds guaranteed by the government of Japan.Barclays, Citigroup Global Markets, HSBC, and Morgan Stanley & Co were joint lead managers of the transaction, which carries a coupon of 4.625% pa.The issuance attracted demand from a wide... More

GuarantCo has provided two partial guarantees to HSBC India for an INR2.5 billion (around $30 million) loan facility to Arya.ag, an Indian grain commerce platform. Proceeds will be used to provide post-harvest liquidity to farmers, farmer producing organisations and small agri-enterprises, to... More

Kula Gold has formed a JV to explore the Wozi Niobium Project in Malawi, holding a 75% stake, while African Rare Metals, an unrelated third party, owns 25%.Malawi’s mining regulatory authority has recommended granting an exploration licence for the project, pending completion of an... More

Woodside Energy Group has postponed its final investment decision on the H2OK liquid hydrogen project in Oklahoma, focusing instead on the Beaumont New Ammonia project in Texas. This shift comes amid regulatory changes and recent political developments in the US.The delay is partly due to the need... More

Meridiam is partnering with Hassan Allam Utilities and EBRD to develop and invest in greenfield renewable energy projects – especially wind and solar – in Egypt.The first project to be developed under this agreement, alongside ACWA Power as partner, is a 1.1GW wind power plant, divided... More

Petra Diamonds has agreed to divest its entire shareholding in Tanzania’s Williamson Diamonds Limited (WDL) to Pink Diamonds Investments for up to $16 million.WDL operates the Williamson open-pit diamond mine in Tanzania and is 25% owned by the Government of Tanzania and 75% by Petra, which... More

IFC has unveiled two agreements to support sustainable private sector growth in Djibouti, helping increase access to finance for SMEs and bolstering regional trade and food security through improved supply chain logistics at the country’s main port.Deepening its partnership with the Central... More