Latest News

Innergex moves ahead with Chilean BESS

Innergex has placed an order for 2 battery energy storage systems (BESS) to be implemented at existing solar parks in northern Chile

Enertrag preps green hydrogen in Uruguay

German renewable developer Enertrag is developing a green hydrogen complex in the Tacuarembó region of Uruguay

NREA's geothermal scheme receives interest

Egypt’s New and Renewable Energy Authority (NREA) has announced that 13 entities expressed an interest in a scheme to develop the geothermal energy sector in the North African state

Financing plans emerge for Chilean electric buses

A Chilean JV has requested a $304 million debt package to finance a fleet of almost 1,000 electric buses for Santiago’s public transit system

FC for dusted off Zina solar IPP

Emirati renewables developer AMEA Power has announced financial close on the €38 million, 26.6MW Zina solar PV project in western Burkina Faso

Meridiam to fundraise UN-backed fund

Meridiam and the United Nations Capital Development Fund have agreed a framing agreement for a partnership to establish and fundraise a vehicle for new urban infrastructure in developing countries

EXCLUSIVE RFP out again on Pacific Islands hydro

Three shortlisted advisers have received an RFP again to assist on a $40 million hydropower project in the Pacific that will serve a population of nearly 36,000 people who now rely on diesel power generation

Madinah airport PPP restructured

Saudi Arabia’s General Authority of Civil Aviation (GACA) has restructured the PPP concession contract for the Prince Mohammed Bin Abdulaziz International Airport (PMIA) in Madinah due to the impact of the Covid-19 pandemi

Brazil advances new federal highway concession

Brazilian development bank BNDES has completed feasibility studies for a new highway concession which would cover 674km of roads in the state of Rio Grande do Sul

Minas Gerais to invest in solar

The Minas Gerais Development Bank (BDMG) has committed R$405 million ($80m) to developing solar energy within the state.

Washington DC's pilot P3 reaches FC

Washington DC's first P3 – DC Smart Street Lighting project – has been financed with $155 million in amortizing senior secured bonds issued by the District of Columbia

IFC appoints CM for Afghanistan and Pakistan

The International Finance Corporation (IFC) has appointed Zeeshan Sheikh as its new country manager for Afghanistan and Pakistan

Scatec adds to expanding Tunisia operations

Norwegian renewables developer Scatec has hired Fadhel Nouri as a project developer in Tunisia, where the company is in talks for a €95.4 million ($104.8m) project financing of 2 solar IPPs

EU and EIB agree Cameroonian rail investment

The EU and the EIB have agreed to provide at least €123 million for the €243 million upgrade of the 330km Belabo-Ngaoundere railway line in Cameroon

Recife metro to be privatised

The state government of Pernambuco is moving ahead with plans to privatise the Recife metro system, which will be tendered out to the private sector on a concession basis

Betts to leave HSBC for Citi

HSBC’S Andrew Betts is joining Citi as the global head of trade sales and client management

Ramachandran returns to HSBC as GTRF head

HSBC has appointed Vivek Ramachandran as head of global trade and receivables finance (GTRF) – with immediate effect

BCP to receive EBRD support

Moroccan commercial bank Banque Centrale Populaire (BCP) is set to receive up to €24.8 million in financial support from the European Bank of Reconstruction and Development (EBRD) for renewables onlending

EXCLUSIVE Law firm signs for Pacific Islands hydro

A Fijian law firm has signed a $120,000 contract to assist on a $40 million hydropower project in the Pacific that will serve a population of nearly 36,000 people who now rely on diesel power generation