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Atlas closes debt for Brazilian solar

Actis portfolio company Atlas Renewable Energy has closed financing for a 359MW solar project in Brazil

Biden’s new faces at DFC

The US International Development Finance Corporation (DFC) has announced new members of the agency’s leadership team under the Biden Administration

AIIB approves loan for Indonesia power distribution

Asian Infrastructure Investment Bank has approved a $310 million loan to Indonesia state-owned Perusahaan Listrik Negara for the East Java & Bali power distribution strengthening project

Norfund lends on Kenyan off-grid solar vehicle

Norfund has signed a $15 million loan for the $127 million Brighter Life Kenya 1 – an off-balance sheet financing vehicle that will be used to fund the development of off-grid solar home systems in Kenya

Iberdrola to issue debentures to fund CEB-D acquisition

Iberdrola’s Neoenergia will issue R2 billion ($369 million) in debentures in the Brazilian capital market to fund the acquisition of Companhia Energetica de Brasilia Distribuição (CEB-D)

IFC to invest equity in Pan-African telecom tower developer

The IFC is considering a $24 million equity investment into newly established pan-African telecom tower developer Eastcastle Infrastructure – which plans to build up to 1,950 new towers across Sub-Saharan Africa

IDB finances Salvadorian renewable projects

IDB Invest has inked a debt package with the Salvadorian subsidiary of Colombia’s Banco Davivienda to finance green projects, specifically renewable energy assets

MENA fund to close this quarter

A development finance institution proposed to commit nearly $100 million to a MENA private equity infrastructure fund

New finance VP at IDB

The Inter-American Development Bank has promoted Gustavo De Rosa to vice president for finance and administration after almost ten years at the institution

World Bank approves grant for Sierra Leonean energy access

The World Bank has approved a $50 million grant for the government of Sierra Leone’s $52.7 million solar and grid expansion project to improve energy access for citizens in the West African state

EIB to lend on Burkinabe solar expansion

The EIB is set to sign with Burkinabe utility Sonabel a €38.5 million loan to expand Burkina Faso’s first solar PV from 37MW to 50MW

IFC provides loan to Cambodia solar

The International Finance Corporation plans to invest $8 million in the 60MW Chhnang solar power project in Cambodia, as the project inches towards financial close

EIB ponders equity-style loan for DRC solar mini-grids

The EIB is considering a $12 million “equity-like loan” for a $35 million solar mini-grids project being developed by Congolese solar developer Nuru

OFID follows DFC with AFC loan

OFID has become the second big DFI this month to lend – to the tune of $50 million – to the AFC to boost its investment capacity

Uzbek solar recruits adviser as tender nears

The Uzbekistan government’s transaction adviser issued a request for expression of interest by financial modellers on a 300MW solar power project in the south-east of the country

IDB Invest appoints Andes infra and energy head

The development finance institution IDB Invest has promoted a staffer to oversee energy and infrastructure investments in the Andean region

EBRD approves UAE membership

The United Arab Emirates is set to become a member and shareholder of the European Bank of Reconstruction following approval by the bank’s board of governors

BNDES finances largest toll road in Brazil

Brazilian development bank BNDES is leading the financing of the largest toll road ever awarded in the country, the Piracicaba-Panorama (PiPa) highway

Doosan signs EPC contract for Yanbu-4 IWP

An Engie-led consortium has signed a $708 million EPC contract with South Korean engineers Doosan Heavy Industries for the $850 million Yanbu-4 IWP project near Al Rayyis, Saudi Arabia

EIB makes West Balkans appointment

The European Investment Bank (EIB) has today named Alessandro Bragonzi as the new head of its regional representation for the Western Balkans