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News
01 March 2018
in
Renewables

Six prequalify for Madagascar Scaling Solar project

Six bidders have pre-qualified for Madagascar’s first Scaling Solar tender – a 25MWac solar photovoltaic/battery storage project located near Antananarivo....

News
01 March 2018
in
Renewables

France awards 500MW from first onshore wind auction

The French government has awarded 22 projects with a combined 500MW capacity in its first onshore wind auction. The average weighted tariff price bid was €65.40/MWh....

News
01 March 2018
in
Power

Spalding OCGT Expansion closes a limited recourse first

The £100 million ($137.4 million) 300MW Spalding OCGT expansion project in Lincolnshire has reached full financial close on a £72 million limited...

News
01 March 2018

ADB backing TAP interconnection project

ADB is backing a framework agreement for the proposed Turkmenistan-Afghanistan-Pakistan (TAP) Power Interconnection Project that was signed last week. TAP will be phased...

News
01 March 2018

HSBC ready to live test blockchain trade finance solution

HSBC says its blockchain-based trade finance solution is ready to launch — in pilot phase. HSBC will now look for partners to test the solution, then move...

News
01 March 2018

Global legal framework for blockchain underway

2017 was memorable for development of the legal framework that surrounds the use of virtual currency and blockchain (VC&B), particularly in the US. But the...

News
01 March 2018
in
Infrastructure, Transport

State owners sell Germany's HSH Nordbank to buyout groups

A consortium of buyout groups will pay around €1 billion for Germany’s HSH Nordbank, once the world’s largest ship financier, as it emerges from...

News
01 March 2018
in
Renewables

First floating offshore wind financing nears close

Portugal's first floating offshore wind project, the €125 million ($152.4 million) 25MW Wind Atlantic farm, is expected to reach financial close in the...

News
01 March 2018

PIL/PSA/IBM blockchain PoC a success

Pacific International Lines (PIL), terminal operator PSA International (PSA) and IBM Singapore have deemed their blockchain-based supply chain proof of concept (PoC) a...

News
01 March 2018
in
Renewables

Boralex finances five French wind farms

Toronto-listed renewable energy developer Boralex has secured €136 million for five French wind farms from Crédit Industriel et Commercial, Auxifip,...

News
01 March 2018
in
Renewables

FRV reaches financial close on Mexico solar project

ING Bank, Bancomext and KfW IPEX-Bank are providing $209 million of debt for a 300MW FRV-sponsored solar PV project in the Mexican state of San Luis Potosi. TSK...

News
01 March 2018
in
Infrastructure, Transport

NHA looking for Malakand Tunnel expansion financing

Pakistan’s National Highway Authority (NHA) is seeking an additional $85 million for the Malakand Tunnel project in a bid to expand the existing...

News
01 March 2018
in
Renewables

M&T Bank provides equipment lease financing for Pittsfield solar project

Buffalo-headquartered M&T Bank has provided $22.4 million in equipment lease financing for the 9.9MW Pittsfield (Maine) Solar Project being developed...

News
01 March 2018

Noble claims debt restructuring best of bad options

Noble Group says its controversial debt restructuring is the only hope for survival after a $4.94 billion loss triggered a warning from its auditor that the commodity...

News
01 March 2018
in
Renewables

sPower signs PPA for Prevailing Wind project in South Dakota

Independent renewable power producer sPower has signed a 30-year PPA with an unnamed utility for electricity generated from its 220 MW Prevailing Wind Park...

News
01 March 2018

Afreximbank to raise $200m from share sale

Afreximbank is planning to raise up to $200 million via a share sale on the Nigeria Stock Exchange (NSE) to support lending and broaden its ownership base. The...

News
01 March 2018

GIEK cuts oil and gas exposure

Norwegian ECA GIEK cut its portfolio’s exposure to oil and gas last year to below 80%, according to CEO Wenche Nistad. In 2016 the oil and gas sector held 86% of...

News
01 March 2018
in
Renewables

Avaada to develop 500MW of solar capacity in Andhra Pradesh

Avaada Power Pvt Ltd has signed a memorandum of understanding with the Government of Andhra Pradesh to develop 500 MW utility-scale solar projects in the...

News
01 March 2018
in
Power

Denham and Themis launch Africa Power Investment Platform

Denham Capital, a global energy-focused private equity firm, acting through its International Power Fund, has launched the Africa Power Investment Platform in partnership...

News
01 March 2018

Two senior appointments for CDC

UK development finance institution CDC has appointed former McKinsey partner Tenbite Ermias as its new Head of Africa with Chris Coles moving from Actis to...