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28 November 2024
in
Renewables

UKEF backs Venterra's offshore wind project growth

Global offshore wind services business Venterra Group has received growth support from UK Export Finance and HSBC.HSBC agreed a £30 million (about $38 million)...

28 November 2024
in
Renewables

Vestas receives firm order for Nordseecluster B

Vestas has received a firm order for RWE’s 900MW Nordseecluster B offshore wind project located 50km north of Juist in the German North Sea. The order includes...

28 November 2024
in
Metals and Mining

US Ex-Im mulls support for Velta's new titanium facility

Velta Holding US, the parent company of Ukrainian titanium mining company Velta, has received a non-binding Letter of Interest from US Ex-Im for $60 million. The...

28 November 2024
in
Other

Masato Kanda elected as ADB president

ADB has unanimously elected Masato Kanda as its 11th President.Kanda, 59, currently serves as Special Advisor to Japan’s Prime Minister and Minister of Finance. He...

28 November 2024
in
Renewables

Chilean green hydrogen project secures environmental approval

Chilean LNG firm GNL Quintero and Acciona Energía have received environmental approval for a 10MW green hydrogen project near Valparaiso.The companies said the...

28 November 2024
in
Metals and Mining

ArcelorMittal delays FID on green steel projects

ArcelorMittal is delaying a final investment decision on a series of projects aimed at producing low carbon steel in Europe. The steelmaking and mining company cited a...

28 November 2024
in
Renewables

Peru's Matarani solar project receives $59m

IDB Invest and Natixis have provided $59 million in financing for the Matarani Solar project in Arequipa, Peru.The financing consists of a loan to GR Cortarrama, a...

28 November 2024
in
Metals and Mining

Trafigura rattles zinc market with huge order for LME metal

Trafigura has ordered thousands of tonnes of zinc out of London Metal Exchange warehouses, fueling a rally in prices, sources said.Orders to withdraw zinc from warehouses...

28 November 2024
in
Power, Renewables

Solarig unveils new sustainable aviation fuel project

Solarig has announced the development of a sustainable aviation fuel production plant in Teruel, Spain. With a total estimated investment of €1.15 billion (about...

28 November 2024
in
Renewables

German partners plan offshore electrolyser demo at Alpha Ventus

NorthH2, Deutsche Offshore-Testfeld- und Infrastruktur (DOTI), and the Offshore-Windenergie Foundation have joined forces to build an offshore electrolyser demonstrator...

27 November 2024
in
Power, Waste and water

Woori Bank to arrange $3.7bn for Qatar desalination, power plant

South Korea’s Woori Bank will act as the financial lead of Qatar’s Ras Abu Fontas desalination and power plant project. The Export-Import Bank of Korea and...

27 November 2024
in
Metals and Mining, Renewables

Norsk Hydro pulls plug on green hydrogen and battery projects

Norsk Hydro will shut its battery materials and green hydrogen businesses, in a further sign of the commercial pressures on companies striving to meet Europe’s...

27 November 2024
in
Renewables

KfW to provide €24bn loan for hydrogen network

KfW will provide a €24 billion ($25 billion) loan to help develop a future hydrogen network in Germany. The funding from the German development bank comes at a time...

27 November 2024
in
Other

ITFA calls for urgent action on trade finance gap

The International Trade and Forfaiting Association (ITFA) has introduced its Washington Declaration, a call to action urging the UN to formally recognise the trade...

27 November 2024
in
Renewables

Further details on CVOW acquisition financing

Further information has come to light regarding the acquisition financing for Stonepeak's purchase of a stake in the Coastal Virginia Offshore Wind (CVOW) project,...

27 November 2024
in
Renewables

Hynfra plans $10.6bn Egyptian green hydrogen, ammonia plant

Polish developer Hynfra has unveiled a proposal to build a green hydrogen and ammonia export plant in Egypt that could ultimately produce a million tonnes of renewable...

27 November 2024
in
Metals and Mining

True North Copper raises A$50.3m

True North Copper has secured commitments to raise A$50.3 million ($32.7 million) in equity through a fully underwritten conditional placement, subject to shareholder...

27 November 2024
in
Metals and Mining

ElectraLith plans to raise A$27m for DLE-R technology

ElectraLith, a lithium technology start-up backed by Rio Tinto, is set to finalise a funding round in the coming week to raise A$27.5 million ($17.8 million).The company...

27 November 2024
in
Oil & gas

EQT forms $3.5bn midstream JV with Blackstone

EQT has announced a $3.5 billion midstream JV with funds managed by Blackstone Credit & Insurance (BXCI). The partnership involves EQT’s ownership...

27 November 2024
in
Metals and Mining

Vedanta to invest $2bn in Saudi copper projects

Vedanta Copper plans to invest $2 billion in copper-processing facilities in Saudi Arabia. The investment will fund the construction of a smelter and refinery with an...