The US’ House of Democrats today set in motion a process to bypass the House Republican leadership that would force a vote on legislation to the extend the charter of the country’s export credit agency, the Export-Import Bank of the United States (US Ex-Im). The move comes with just 26 legislative days left until the bank is due to shut down on 30 June.
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The global backdrop to wind has been looking shaky of late. Project financing backing the Baltic Power project has just signed – but the rest of the first wave of Poland’s embryonic offshore wind sector is facing delays. The country originally promised as much as 28GW by 2050 but the chances of success now look mixed due to inflation and critical cost increases.
In an interview with Laurent Christophe, group treasurer at Trafigura, discussion focused on Ukraine, sustainability, and tapping into new sources of capital diversification. Some highlights from the interview and conference follow.