Does TXF’s export finance data show that ECAs are less focused on oil & gas in their support for African investment? Yes, if one BIG outlier is removed. More
DFC is considering investing more than PLN4 billion ($975.7 million) to build the first nuclear plant in Poland.In November 2022, the then Polish government selected the Westinghouse AP1000 reactor technology for construction at the Lubiatowo-Kopalino site in the Choczewo municipality in Pomerania,... More
Exile Group is devastated to announce the death of our editor, Sean Keating. More
The Republic of Congo’s Public-Private Partnership Technical Committee has approved a project by Arise to develop a bulk cargo port.A 2022 MoU between the country and Arise committed the company to invest €150 million ($158 million) in the development of the Pointe-Noire Special Economic... More
US voters in Louisiana, Rhode Island and California have passed state-specific offshore wind ballot measures which will fund long-term infrastructure projects.In California, voters approved a $10 billion climate bond, of which over $800 million will go to offshore wind ports and transmission... More
Ocean Winds has submitted the onshore planning consent application for its 2GW Caledonia offshore wind project in the Moray Firth, Scotland.The application to Aberdeenshire Council covers the project’s onshore transmission infrastructure, including substations and underground cables. This... More
UK law firm TLT has appointed clean energy expert Madi Dacey as a partner in its projects, infrastructure and construction team. Madi, who will be based in the firm’s Bristol office, joins from EY and is a transactional construction lawyer with a particular focus on future energy.Her... More
Six One Commodities (61C ) has closed an $800 million revolving credit facility.The 18-month RCF was significantly oversubscribed and includes a $300 million accordion feature, bringing total capital available to $1.1 billion. A group of 12 banks participated in the facility, which is designed... More
Denham Capital has appointed Justin DeAngelis as Global Head of Sustainable Infrastructure. He previously served as Co-Head of Denham Sustainable Infrastructure (DSI) alongside Scott Mackin for four years, overseeing the platform’s growth into a $3.4 billion AUM global equity and credit... More
Joyce Chang has joined Skadden as a partner in its Energy and Infrastructure Projects Group to advise on all aspects of project development, financing and M&A.Most recently, Chang was general counsel of Summit Ridge Energy, where she worked with the executive team on strategic financings,... More
Indonesia’s Ministry of Finance signed a $1.2 billion ECA-backed loan to finance the procurement of naval vessels from Italian exporters on 12 November. The deal is being funded by six international banks with SACE cover and has a 10-year repayment period with a two year-construction... More
Chadron Edwards has joined Akin as a projects & energy transition partner in New York. He joins from Mayer Brown and previously served as a vice president in Deutsche Bank’s Transportation, Infrastructure and Energy Group.Edwards’ practice is focused on representing sponsors,... More
Marriott Vienna, Austria
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Full detailsCarnival Corporation signed a €4.4 billion ($4.8 billion) ECA-backed loan to finance the purchase of four new class of cruise ships from Fincantieri at the end of October. The deal marks the largest cruise ship financing in the export finance market to date.BNP Paribas is bookrunner, facility... More
UKEF has struck new agreements at COP29 which promote the decarbonisation of global export credit financing.After recently committing in its sustainability strategy to facilitate £10 billion in financing for clean-growth projects by 2029, UKEF has now secured agreement from fellow ECAs to a... More
A new independent report has backed changes to the OECD Arrangement that would enshrine a new sector understanding for social infrastructure. The news is likely to stir further debate around future updates to the Arrangement, which benefited from a significant modernisation package in... More
EBRD has approved a trade finance limit of up to $50 million (€46.7 million) for International Bank of Azerbaijan (IBA) under its Trade Facilitation Programme.The facility, aimed at supporting export and import operations for the benefit of private clients, will enable IBA to further expand... More
Yellow Door Energy has secured a AED100 million (about $27 million) financing with Emirates Development Bank to support the development and operation of more than 60 solar PV plants across the UAE.EDB’s financing will enhance YDE's capacity to lease solar power plants through PPAs tailored... More
The French government has allocated land at Le Havre, one of the country’s largest ports, to three industrial projects, two of which would respectively produce and import renewable hydrogen or its derivatives.US industrial gases firm Air Products is reportedly set to invest €1.1 billion... More
Surecomp, together with BNP Paribas and Vanderlande, has piloted a new corporate-to-bank connectivity standard designed by Swift and the International Chamber of Commerce. The API-based communication channel enabled Dutch logistics company Vanderlande to request a guarantee through... More
SACE will issue $3 billion in loan guarantees to help Saudi Arabia develop a sprawling futuristic megacity.The Italian ECA agreed on 80% guarantees for loans from international banks backing Neom, the project to build a new urban area that will be bigger than Belgium, according to people familiar... More