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25 July 2024
in
Agri/Soft Commodities

Bunge-Viterra merger heading for EU approval

The $34 billion merger between Bunge and Glencore-backed Viterra is set to be approved by EU regulators according to sources close to the deal. Bunge has offered to...

25 July 2024
in
Renewables

DBN gets access to GCF funding

Development Bank of Nigeria (DBN) has received Green Climate Fund (GCF) accreditation under the medium category – enabling it to access GCF’s funding for...

25 July 2024
in
Infrastructure

EBRD funds KTZ refinancing

The EBRD has provided a senior corporate loan of up to CHF200 million ($225 million) to national railway operator Kazakhstan Temir Zholy (KTZ).Proceeds will to cover...

25 July 2024
in
Chemicals/Petrochemicals

Borouge signs agreement to develop polyolefins project in China

Borouge will lead the development of a new polyolefins complex in Fujian Province, China. An agreement has been signed between the Borouge consortium, which includes...

25 July 2024
in
Renewables

Galicia approves €1.8bn of wind projects

Galicia’s government has approved construction of 69 wind farms in the region with a combined 1,824MW capacity and investment of €1.8 billion ($1.95...

25 July 2024

ESG rigidity limits welfare projects

A global clampdown on greenwashing and overlapping ESG standards is driving up the cost of sustainable export financing and delaying progress, according to law firm...

25 July 2024

ECI calls on UAE firms to capitalise on global initiative

Etihad Credit Insurance (ECI), the UAE Federal export credit company, is calling upon UAE-based companies to capitalise on its initiative, ‘Xport Xponential’....

25 July 2024
in
Other

ING boosts Turkish trade finance with ESG-tied loan

ING Türkiye has sealed a €176 million sustainability-linked loan from a syndicate of 31 banks. Proceeds will be used for trade finance purposes. Lenders...

25 July 2024
in
Oil & gas

Reliance gets US nod to import Venezuelan oil

Reliance Industries has received approval from the United States to resume importing oil from Venezuela despite sanctions. While Washington reimposed sanctions in...

25 July 2024
in
Renewables

Airbus to invest in SAF producer

LanzaJet has secured investment from Airbus in support of its proprietary ethanol-to-sustainable aviation fuel (SAF) technology. After its latest growth equity...

25 July 2024
in
Renewables

IDB Invest considering backing Kattan solar rooftop project

Kattan Group has applied to IDB Invest for a $20 million long term guaranteed loan to finance a 13.24MWp rooftop solar and BESS project in Honduras.The project will be on...

25 July 2024
in
Renewables

Pacific Northwest Hydrogen Association granted Phase One award status

The Pacific Northwest Hydrogen Association (PNWH2) has been granted Phase One award status by the US Department of Energy. As part of this designation PNWH2 will receive...

25 July 2024
in
Oil & gas

Jura Energy secures $4.3m debt financing

Jura Energy has secured a $4.3 million bilateral loan with an arms-length shareholder. The three-year facility carries a fixed rate of 11% per annum. Proceeds will be...

25 July 2024
in
Oil & gas

NextDecade names new COO

NextDecade has named Tarik Skeik as its new chief operating officer. He was previously a global project executive at ExxonMobil, and brings more than two decades of...

25 July 2024
in
Manufacturing & equipment

PK Med secures €1.5mn Bpifrance financing

PK Med has secured a €1.5 million non-dilutive financing deal from Bpifrance. The funds will accelerate project PKM-02, a cell-homing technology aiming to enhance...

25 July 2024
in
Power

EIB commits €450 million to Ukrainian energy infra

The EIB is to issue loans totalling €450 million ($488 million) in support of critical Ukrainian energy infrastructure ahead of the winter. This will largely go...

24 July 2024
in
Renewables

Recurrent taps EIB for solar debt

Recurrent Energy, has reached financial close on a €50 million ($54 million) loan from the EIB. The facility will support the development and construction of a solar...

24 July 2024
in
Renewables

Shell plans to sell Scottish wind farm leases

Shell is planning to sell leases for planned Scottish wind farms as the company rolls back aspects of its green energy plans. The projects for sale include a share in a...

24 July 2024
in
Renewables

Greenbacker closes on innovative wind hedge

Greenbacker Capital Management has executed a wind proxy hedge risk transfer for its 59MW Maine wind farm, thereby enabling the sponsor to raise 20% more project debt...

24 July 2024
in
Oil & gas

Saudi Aramco signs LoI for $2.2bn compressed gas project

Saudi Aramco has signed a letter of intent for a $2.2 billion compressed gas project with a Spanish-Chinese joint venture. Tecnicas Reunidas and Sinopec are interested in...