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12 December 2018

FMO unveils Global Forestry Program to mitigate climate change

Dutch development bank FMO has launched a global forestry investment programme to mitigate the process of global climate change, with the initial extension of $20 million...

12 December 2018

ADB invests in B.Grimm Power’s Green Bond to Thai clean energy

The Asian Development Bank will invest 5 billion Thai baht ($155 million) in Thailand's B.Grimm Power Public Company Limited's maiden five-year and seven-year...

12 December 2018
in
Metals and Mining

Paringa Resources appoints Egan Antill as CEO and MD

US-based Paringa Resources has appointed Egan Antill as Chief Executive Officer & Managing Director. In his early career he worked for Mount Isa Mines and Caterpillar...

12 December 2018
in
Oil & gas

Croatia's INA agrees $300m RCF

Croatian oil and gas company INA has signed a $300 million (€263.3 million) revolving credit facility agreement with seven banks. The facility will be used for...

12 December 2018

International Bank of Azerbaijan goes FICO for financial crime fight

The International Bank of Azerbaijan (IBA) will use FICO's Tonbeller software to combat money laundering and terrorist financing. The bank will use the Siron...

12 December 2018

ADB provides $300m loan to BIDV to support SMEs in Vietnam

The Asian Development Bank and Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) have signed a $300 million loan agreement to support small and...

12 December 2018

Finacity facilitates trade receivable funding for Spain’s Deoleo

Finacity Corporation has facilitated a new €9 million non-recourse trade receivable funding program for Deoleo, a Spain-based global producer of olive oil. The...

12 December 2018

BP awards pan-European cash management to BNP Paribas

BNP Paribas has announced that it has been awarded BP's cash management business across Europe, following a competitive tender. BNP Paribas will support BP's...

12 December 2018

EBRD quadruples size of Green Cities programme

The European Bank for Reconstruction and Development's urban greening programme, EBRD Green Cities, is quadrupling in size, and has also won new support of €87...

11 December 2018
in
Power, Renewables

Nachtigal: Development finance as it should be

As more governments look to mimic Chinese-style development finance offerings, the recently signed Nachtigal hydro project financing is a perfect example of why they...

11 December 2018
in
Renewables

Details on Thor offshore wind farm emerge

Aquila Capital reached financial close in September on the 147.6MW Thor offshore wind farm in Sweden. The €200 million ($226 million) project is structured on a...

11 December 2018
in
Infrastructure, Waste and water

Dianchi Water sounds out banks for debut offshore loan

China’s state-owned company Kunming Dianchi Water Treatment is sounding out bank appetite for its debut offshore loan of $150 million with Bank of...

11 December 2018
in
Power, Renewables

Nexif Energy closes financing for Lincoln Gap wind farm Phase II

Singapore-based developer Nexif Energy and co-sponsor Denham Capital have closed the financing of the 86MW second phase of the Lincoln Gap Wind Farm in South Australia....

11 December 2018
in
Infrastructure, Transport

Further delays and a £1bn bailout for Crossrail

FT sources suggest that Ministers are expected to announce a bailout for the Crossrail project and the revised autumn-2019 launch date is likely to be pushed...

11 December 2018
in
Power, Renewables

PKNS and Western Power sign for Jeram WtE PPP

Worldwide Holdings – a wholly owned subsidiary of state development corporation Perbadanan Kemajuan Negeri Selangor (PKNS) – has signed a joint development...

11 December 2018
in
Renewables

Greencoat Renewables buys 2 wind farms in Ireland for €88m

Greencoat Renewables has agreed to acquire the Monaincha and Garranereagh wind farms in Ireland for €88 million. The acquisitions will be funded using Greencoat...

11 December 2018
in
Oil & gas

Point Resources-Eni Norge merge to form Vår Energi

The merger between Point Resources AS and Eni Norge AS has finalised to create Vår Energi AS - Norway’s largest independent E&P company with a...

11 December 2018
in
Transport

Slovenia's first green bond oversubscribed

Slovenia’s state-owned development and export bank, SID Bank, sold a €75 million ($85 million) five-year private placement last week to finance green mortgages...

11 December 2018

FMO arranges $32.5m facility to boost access to energy in Tanzania

Dutch development bank FMO and Symbiotics, an investment firm specialized in emerging, sustainable and inclusive finance, have announced a $32.5 million facility for ZOLA...

11 December 2018

Private carriers ‘crowded out’ of Canadian trade credit insurance market

David Dienesch, CEO of Euler Hermes Canada, is calling for change after years of "unfair" market conditions in Canada. He said the Canadian government needed...