Latest News

Philippines small hydros obtain financing

Caloocan-based Magis Energy has received a P2.1 billion loan from the Development Bank of the Philippines (DBP) for 2 hydropower projects in the country

Mongolia hydrogen gains momentum

Australian gas exploration and development company Elixir Energy has partnered with Mongolia Green Finance on a green hydrogen pilot project in Mongolia

Growth Gateway tool launched for UK-Africa trade

The government has launched a digital tool called Growth Gateway which is designed to strengthen UK and African business relationships

Bank Al-Etihad to sign GCF-GEFF onlending facility

The EBRD and the GCF are expected to sign a $10 million loan to Jordanian lender Bank Al-Etihad for onlending to private sector-led renewables

Philippines awards China-funded $2bn railway

Philippines’ Department of Transportation has awarded a Chinese consortium the contract worth around P142 billion to build the first phase of the 565km Philippines National Railway Bicol

EIB to invest in Meridiam's second Africa fund

The EIB is looking to invest €75 million in French fund manager Meridiam’s unlisted infrastructure investment vehicle – Meridiam Infrastructure Africa Fund II

Adani, POSCO pen MoU on renewables

Indian conglomerate Adani Group and South Korean steel-making company POSCO have signed an MoU to collaborate on projects involving renewable energy, hydrogen, and logistics in response to carbon reduction requirements in India

India, World Bank ink $135m utility loan

The government of India, the government of West Bengal and the World Bank have signed a $135 million project loan to improve the efficiency and reliability of electricity supply in selected areas in West Bengal, eastern India

EDPR closes Polish wind farms financing

EDP Renewables has reached financial close on the €144 million debt financing to deliver 6 onshore wind farms in Poland with 2 commercial lenders alongside the EIB

AFC raises syndicated loan

The AFC has raised $400 million through a loan syndicate in order to finance Sub-Saharan Africa’s post-pandemic infrastructure development

Sri Lanka, Indian Oil pen Trincomalee oil deal

The government of Sri Lanka has signed a deal with Lanka IOC – a subsidiary of Indian Oil, under the ownership of India’s Ministry of Petroleum and Natural Gas – to redevelop a strategic oil terminal in Sri Lanka’s eastern port district of Trincomalee

SIIC Environment reaches commercial close on China water

Water treatment and environmental protection company SIIC Environment disclosed yesterday that it agreed with the respective implementing agencies to develop 5 new water and sludge projects in China

Ørsted, Kospo to develop 1.6GW Incheon offshore wind

Danish energy company Ørsted has tapped Korea Southern Power, a subsidiary of state-owned Korea Electric Power, to develop the 800MW phase 1 of the Incheon offshore wind farm in the Yellow Sea

BNDES to invest in infra funds

Brazilian development bank BNDES has announced plans to invest up to R$2.5 billion in infrastructure funds

EIB considers Engie’s Benin solar

The EIB is considering a €10 million loan for Engie’s €13 million solar home systems project in Benin

IFC leads new data centre financing

The IFC has led a group of lenders on a new $30 million financing for the expansion of 3 data centres in Brazil

India, IRENA push for green hydrogen and renewables

India’s Ministry of New and Renewable Energy on 16 January 2022 signed a partnership agreement with Abu Dhabi-headquartered International Renewable Energy Agency to collaborate on renewable energy

IREDA launches RE financing scheme

Indian Renewable Development Agency, under the Ministry of New and Renewable Energy, has launched a scheme to finance new technologies that promote the usage of renewable energy in the transport sector.