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Asia Connect
Masdar Azerbaijan Energy (MAE) has signed a US$114.2 million loan for its 230-megawatt solar power plant near the Alat settlement in Azerbaijan. Asian Development Bank and European Bank for Reconstruction and Development are providing US$21.4 million each. This is ADB’s first renewable energy project in Azerbaijan. The rest of the fund is coming from Japan International Cooperation Agency and Abu Dhabi Fund for Development.
10 Aug 2022
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Genser Energy, a US-based integrated energy services provider operating in West Africa, has completed a US$425 million financing, comprising US$325 million syndicated senior loan facilities and a US$100 million mezzanine loan facility. The transaction provides funding to refinance existing facilities, and broaden the operations of Genser Energy Ghana Limited (GEGL), including an expansion of its existing gas pipeline network with a 100-kilometre trunk line to Kumasi, Ghana's second largest city, the development of a gas processing plant with 200 million standard cubic feet per day capacity in Prestea, and the expansion of a natural gas liquid (NGL) storage terminal at the Takoradi Port.
10 Aug 2022
Hitachi Energy has won a major order from TenneT and TransnetBW, two of Germany’s four transmission system operators, to supply a transmission solution for the Suedlink DC4 high-voltage direct current (HVDC) interconnection between the north and south of the country. SuedLink DC4 will play a crucial role in Germany’s energy transition, enabling a reduction in the use of fossil fuels and helping the country achieve carbon neutrality by 2045.
10 Aug 2022
Renewable energy provider Elawan Energy has closed a €250 million (US$254.92 million) debt financing for a 440-megawatt portfolio of nine photovoltaic plants currently under development in the Castilla-La Mancha region of Spain.
10 Aug 2022
Apex Clean Energy has refinanced and expanded its corporate debt facilities, to provide additional capital and flexibility for future growth. Eight banks are providing US$650 million of debt capital, through a US$450 million senior secured green term loan facility and a US$200 million senior secured green revolving letter of credit facility.
10 Aug 2022
Energias de Portugal (EDP) is selling its 50% stake in the US$560 million San Gaban III hydroelectric project in Peru to China Three Gorges (CTG). The Chinese state-owned power firm already owns the other 50% of San Gaban, and will become the sole shareholder of the 206-megawatt hydroelectric facility.
10 Aug 2022
SM Investments Corporation (SMIC) has ventured into renewable energy by acquiring full ownership of two major geothermal steam fields in the country.
3 Aug 2022
BOC Aviation has signed a deal to place six Airbus A320neo aircraft with South American ultra-low-cost carrier JetSMART Airlines.
3 Aug 2022
A consortium led by institutional investor EIG and Belgian energy infrastructure company Fluxys has acquired an 80% stake in GNL Quintero (GNLQ), the largest liquefied natural gas terminal in Chile.
3 Aug 2022
Industrial and Commercial Bank of China (Europe) and China Construction Bank (Europe) have participated in a bank syndicate for a 4 billion Polish zloty (US$840 million) sustainability-linked loan for Tauron Polska Energia.
3 Aug 2022
The Peljesac Bridge in Croatia, built by China Road and Bridge Corporation (CRBC), has opened to traffic. The 2.4-kilometre bridge connects the mainland with the Peljesac Peninsula. It allows road traffic to avoid any border crossing with Bosnia and Herzegovina.
3 Aug 2022
Stavian Chemical, the largest polymers distributor in Vietnam, is building a US$1.5 billion polypropylene plant in the country, raising the prospects of stiffer competition among suppliers in the sector.
28 Jul 2022
Norwegian renewable energy producer Scatec is set to start construction of solar and battery storage facilities in the Northern Cape Province of South Africa, after reaching financial close. The US$1 billion project, the largest of its kind in Africa and the first sizeable baseload renewable energy project in South Africa, will provide 540 megawatts of solar power capacity and 1.1 gigawatt hours of battery storage capacity.
27 Jul 2022
Hitachi Energy has signed a memorandum of understanding (MoU) with Swedish industrial start-up H2 Green Steel to leverage electrification, digitalization and hydrogen in support of the decarbonization of the steel industry.
27 Jul 2022
A consortium led by Trafigura and Mota-Engil has won a concession tender for rail services and logistics support for the Lobito Corridor in Angola, the Central African country’s transport ministry has announced. The corridor is a key route connecting mines in the Democratic Republic of the Congo (DRC) to the Lobito port in Angola, and international markets beyond.
27 Jul 2022
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