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News
05 June 2017

China-US PV panel row good news for MENA states

The US photovoltaic panel manufacturer Sunvil filing for bankruptcy, and possible knock-on emergency import taxes are likely to result in increased competition with...

News
05 June 2017

ADB loan of $100 million to kick-start India's solar energy

The Asian Development Bank (ADB) and Punjab National Bank (PNB) signed a $100 million loan last week, to finance large solar rooftop systems on industrial and commercial...

News
05 June 2017

Venture capital targets B2B payment fintechs

Venture capitalist in Canada, India, Tunisia and Australia have pumped $30 billion into B2B payment fintechs. Firms offering supply chain finance and accounts...

News
05 June 2017

Doubts remain as Welspun pays penalty to keep Maharashtra project alive

Indian group Welspun's reluctance to implement a 100MW solar project won at the Maharashtra auctions has resulted in the awarding authority Solar Energy Corporation...

News
05 June 2017

World Bank: trade uptick will boost 2017 global growth

A pick-up in trade will help boost global economic growth this year, according to the World Bank, which predicts that growth will improve to 2.7% in 2017. But it warned...

News
05 June 2017

Sonnedix buys French solar developer Aloe Energy

Sonnedix has acquired a 67MW portfolio of operational PV and a pipeline of development projects from a consortium that includes Aleom, Ardian Infrastructure and...

News
05 June 2017

Misys trade finance solution to benefit Nigerian banks

The launch in Nigeria of the Misys Fusion Banking Trade Innovation Solution will help African banks cut their operational costs, eliminate operational risks and deliver...

News
05 June 2017

Ormat signs first geothermal portfolio PPA

The 26-year agreement sees Ormat Technologies contract 150MW of output from current and future geothermal plants to the Southern California Public Power Authority, which...

News
05 June 2017

New payment schemes create complexity for banks

Connecting to new payment schemes can be a minefield of complexity, costs and hidden limitations, according to the chief product officer of Form3, whose own API enables...

News
05 June 2017

German shipowner Rickmers Group files for insolvency

German shipowner Rickmers Group has filed for insolvency after its key lender HSH Nordbank rejected a restructuring plan. It marks the end of business for a...

News
05 June 2017

XL Catlin extends structured risk solutions capabilities to US

XL Catlin is extending its structured risk solutions underwriting capabilities to the US by making Aiden H Joo senior underwriter in New York. He joins XL Catlin from...

News
05 June 2017

Refinancing frees Rusal to pay dividends when it wants

Russian aluminum producer Rusal will be able to pay dividends without the approval of its lenders for the first time in at least seven years after recent refinancing...

News
05 June 2017

FastPay launches receivables financing tool

Business lender FastPay has launched COMPLETE - a portal through which companies can access receivables financing so they can more quickly pay their own vendors.

News
05 June 2017

Pakistan to open up mineral-rich Balochistan to China 'Silk Road' firms

Pakistan's resource-rich Balochistan province wants Chinese companies to kick-start a boom in its mining industry by including the sector into Beijing's 'Belt...

News
05 June 2017

AYA Bank to overhaul core banking system with Misys

Myanmar's Ayeyarwady Bank (AYA Bank) has selected the Misys FusionBanking suite to support the overhaul of its core banking system. The bank hopes the move will help...

News
05 June 2017

Afreximbank closes record $632.9m and €499.6m facility

The African Export-Import Bank (Afreximbank) has closed a record $632.9 million and €499.6 million dual-tenor dual-currency syndicated term loan facility. The bank...

News
02 June 2017

Opportunity of the day: Alkem Labs open to foreign project finance for $90m capacity expansion

Alkem Laboratories Ltd is open to talking to foreign banks to raise between 70% to 80% of the required funding of up to $90 million for the proposed capacity expansion of...

News
02 June 2017

Snowy Hydro advisory mandate out to tender

The Australian federal government is tendering an advisory mandate for its takeover of Snowy Hydro. The government intends to buy out its state partners in the plant -...

News
02 June 2017

AllianzGI makes first US solar loan

Allianz Global Investors (AllianzGI) has provided its first US solar loan - an undisclosed amount to the 250MW Moapa Southern Paiute solar project in Nevada....

News
02 June 2017

Coral FLNG signs in $4.88bn ECA and Chinese bank borrowing

With the final investment decision on the $7 billion Coral FLNG project in Area 4, Mozambique, inked on June 1, the Area 4 consortium – comprising ENI, CNPC, Kogas,...