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ADB, ING finance Vietnamese solar

An Asian Development Bank trust fund alongside Dutch bank ING have completed a non-recourse wrapped bond and bank loan project financing for a Vietnamese solar asset

Keystone XL begins to move forward

TC Energy Corp has received a right of way approval for its Keystone XL (KXL) oil pipeline to be built across US federal land, pushing the $8 billion project closer to construction

Eneva signs on development bank loan

Brazilian energy company Eneva has secured a R$1 billion ($239 million) loan from regional development bank Banco da Amazônia to finance the construction, operation and maintenance of its Azulão-Jaguatirica Integrated Project

DFI lines up debt for Nigerian refinery expansion

The IFC is working on a $50 million debt package for the $140 million expansion of Nigeria Delta Exploration and Production's Ogbele refinery in Rivers State, Nigeria

IFC supports Moroccan transport projects

The IFC has arranged a $100 million loan package for the subnational government of Casablanca-Settat’s infrastructure projects in Morocco – including the construction of two new tramway lines and upgrade of rural roads

CAF seeks consultant for wastewater project in Paraguay

Latin America’s development bank CAF is seeking a consultant to develop advanced studies for the construction of a sanitary sewage system for the Mariano Roque Alonso basin wastewater treatment plant in Paraguay

BNDES to sell stake in Petrobras

Brazilian development bank BNDES has filed a formal request to sell a stake in state-controlled Petrobras

EU backs Dutch hydrogen project

A Nouryon-led consortium has received an €11 million grant from the European Union for a hydrogen project in Delfzijl, the Netherlands

Globeleq closes on DFI-backed Azito expansion

Africa-focused power developer Globeleq has reached financial close on the €330 million, 253MW expansion of its 462MW Azito gas-fired power plant near Abidjan in Côte d’Ivoire

Bhutan to explore airport upgrade PPP

Bhutan’s Ministry of Information and Communications is seeking an adviser to examine aviation capacity, assess four existing airports, prepare an aviation strategy and build capacity at the Department of Air Transport of the land-locked country

Lenders mandated for Mexican solar

Alten Energías Renovables has mandated a commercial bank and two development finance institutions for the financing of a 250MW solar project in Mexico

EKF and BNDES sign MoU

Danish export credit agency EKF has signed a memorandum of understanding (MoU) with Brazilian development bank BNDES

NEXI wraps Japanese debt for EDF wind in Morocco

Nippon Export and Investment Insurance will cover a portion of the debt for on the first phase of a 150MW wind farm being developed by an EDF-led consortium in northern Morocco

ADB, EIB finance POISED project in the Maldives

The Republic of Maldives has raised Asian Development Bank and European Investment Bank funding totalling $105 million for the POISED project, involving the installation of solar PV, diesel generators and lithium accumulator battery energy storage, as well as the upgrading of distribution grids

EU to sign grant for new Ruzizi hydro

The European Union is set to sign an €8 million grant – drawn from its Africa Investment Platform – for the pre-development work of the 287MW Ruzizi IV hydro project on the Ruzizi River in Central Africa

Mainstream brings in IDB for solar and wind in Chile

Mainstream Renewable Power is bringing in a multilateral institution for the financing of Huemul and Copihue, the second and third phases of its 1.3GW Andes Renovables solar and wind portfolio in Chile