The Philippines’ Department of Energy is launching the country’s first offshore wind auction, aiming to award up to 3.3GW under Green Energy Auction 5 (GEA-5).The announcement follows a consultation with private stakeholders to finalise the auction’s terms of reference and ensure... More

Energy America and Etisa Energia have signed a MoU to co-develop hybrid gas and solar projects for Mexico’s industrial sector. The partnership will deliver pilot hybrid power plants of around 20MW each in high-load industrial zones using a mix of Independent Power Producer, Public-Private... More

Finnvera and the European Investment Fund are partnering on a new guarantee arrangement that allows the Finnish ECA to grant additional export credit guarantees to Ukraine. The objective of the agreement is to support EU companies in trading with Ukraine and to strengthen economic relations... More

Northstar Clean Technologies has received a non-binding LOI from Export Development Canada for potential financial support for the company's first planned shingle reprocessing facility in the US. The LOI also includes potential support for an additional three Northstar processing facilities in... More

Equinor and Aker BP have taken a final investment decision on Phase 3 of the Johan Sverdrup field development in the Norwegian North Sea.Phase 3 involves the installation of two new subsea templates, tied back to existing infrastructure via new pipelines, and represents an important step toward the... More

JBIC has signed a loan of up to JPY23.1 billion with the State Bank of India (SBI). The loan is co-financed with Mizuho, SMBC, and the Bank of Yokohama, bringing the total co-financing amount to approximately JPY71.1 billion (about $495 million). JBIC will provide a guarantee for a part of the loan... More

EIB has signed a €450 million risk-sharing guarantee agreement with CaixaBank. This agreement will enable CaixaBank reduce its risks and capital requirements for ofering new loans totalling €900 million to Spanish SMEs and mid-caps.The new financing aims to meet these companies’... More

Development Bank of Kazakhstan has secured a €200 million (about $235 million) ECA-backed financing from CDP.The funds, backed by Sace's Push Strategy guarantee, will finance strategic projects in key sectors including renewable energy, energy efficiency, healthcare, water management and... More

State Oil, owner of Prax Group and the Lindsey oil refinery in Lincolnshire, has entered insolvency amid mounting losses at the 5.4 million tonne per year site. Administrators have been appointed for the group, putting hundreds of jobs at risk across the 500-acre refinery as well as its fuel... More

A2A and bp have signed a sale and purchase agreement for LNG, under which A2A will purchase up to 10 LNG cargoes - equivalent to approximately 1 billion m3 of natural gas - per year from 2027 to 2044.The volume will be supplied to A2A on both a delivered ex-ship and a free on-board basis. Under the... More

Maire's NextChem has been awarded an about €210 million (about $245 million) basic engineering and critical proprietary equipment supply contract for the Pacifico Mexinol project. The ultra-low carbon methanol production facility will be located in Sinaloa, Mexico, and will have a... More

Indika Energy has secured a multicurrency loan of IDR6.1 trillion ($376 million) aimed at both refinancing existing debt and developing the Awak Mas gold mining project in South Sulawesi.The financing package includes $203 million and IDR2.8 trillion in rupiah-denominated loans. The participating... More

The Economic Coordination Committee (ECC) of Pakistan’s federal cabinet has approved the phasing out of long-term financing to the country’s Exim Bank.The ECC decided that the State Bank of Pakistan’s long-term financing facility (LTTF) portfolio of PKR330 billion would be phased... More

IXM, a metals trading unit of China’s CMOC Group, has declared force majeure on its cobalt supply contracts due to an ongoing export ban in the Democratic Republic of Congo.Earlier this month, the DRC government extended the export ban by another three months, citing a need to address market... More

Atico Mining has fully executed the loan amendment and restructuring with Trafigura regarding the extension of the company’s existing secured credit agreement, of which $8.7 million remains outstanding.Under the amendment, the principal amount will be repaid in two installments: $2.7 million... More

EIB and the European Commission have launched a new type of guarantee agreement that will provide up to €5 billion to de-risk investments and expand EIB operations outside the EU. The guarantee has the potential to unlock up to €10 billion in funding for critical projects in clean... More

State-owned Stanwell Corporation has formally withdrawn from the A$15 billion ($10 billion) project. Central Queensland Hydrogen Project (CQ-H2) in Gladstone, sounding the death knell for what was once envisioned as one of Australia's flagship green hydrogen ventures. The company confirmed... More

The Export-Import Bank of the United States has approved a nearly $99.6 million deal for FOCOL Holdings, supporting energy production in The Bahamas.The financing will enable The Bahamas to procure two pipelines, one pipeline for diesel and one for natural gas, as well as two gas turbines. North... More