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DFC takes action on Ecuador

Adam Boehler, the US International Development Finance Corporation (DFC) chief executive, has joined officials from the Republic of Ecuador – including President Lenin Moreno and Finance and Economy Minister Mauricio Pozo Crespo – to sign a framework agreement to refinance debt and support private sector investment in the country

Fowler-Holmes made partner at Sullivan

Sam Fowler-Holmes has been made up to partner in the trade finance group at the London office of Sullivan & Worcester

Grenergy Renovables finances Spanish solar PV

Spanish developer Grenergy Renovables has secured the senior debt financing for the construction of the Los Escudero solar park

Gridworks in grant discussions for Essor A2E

Africa-focused power grid developer and investor Gridworks is in discussions with DFIs for up to $35 million in capital grants ahead of the debt financing of its recently awarded $100 million Essor A2E project in the Democratic Republic of Congo

Guam's largest power plant gathers pace

A Korean consortium signed with an EPC company to work on a $571 million power plant and energy storage system project in US island territory Guam

US DFC lends on AFC

The DFC has signed with the Africa Finance Corporation a $250 million loan to strengthen the African DFI’s investment capacity

Aminou joins FCI and Afreximbank

Nassourou Aminou has been appointed as the new regional manager for Africa at the FCI and Afreximbank

InfraAsia issues standardised PF docs

An infrastructure platform backed by Enterprise Singapore and Monetary Authority of Singapore released standardised project finance loan documents

JBIC signs debt for Vietnam coal-fired

Lenders have signed a $1.767 debt package for the Vung Ang 2 coal-fired power project in Ha Tinh province, Vietnam

Details emerge on WestConnex refi

The financing vehicle behind the WestConnex toll road project – WestConnex Finance Company – has refinanced debt to raise A$4.25 billion across 3 trances, with financing arranged by 21 local and international banks

EIB lends on Egyptian transport projects

The EIB has signed with the government of Egypt the first tranche of a €1.128 billion loan agreement to rehabilitate and expand metro and tram systems in Alexandria and Cairo

Financial investors back Ørsted’s Taiwan OSW

Canadian institutional investor CDPQ and Taipei-based Cathay Securities Investment Trust agreed with Ørsted to acquire a combined 50% equity interest in part of the 900MW Greater Changhua 1 & 2a offshore wind farm

ADB-backed Uzbek solar to hit market next year

Uzbekistan’s Ministry of Energy announced that the full tender of the second solar energy project in Sherabad will launch in early 2021

IDB Invest buys sustainable bond in Brazil

IDB Invest has announced the acquisition of a $50 million sustainable bond issued by the regional development bank in Brazil Banco de Desenvolvimento de Minas Gerais

Uzbek solar to tender in February

Uzbekistan’s Ministry of Energy aims to launch a third IFC-backed procurement of solar independent power producers in February 2021, following changes to the government’s procurement plans

Masdar signs Uzbek solar loans

United Arab Emirates-backed Masdar signed loan and guarantee agreements with development finance institutions to fund a 100MWac solar energy project that will power more than 31,000 households in southwestern Uzbekistan

US DFC steps into Moroccan energy and infra

The US DFC has made several announcements signifying its efforts to expand into Morocco – including the opening of a new Prosper Africa regional office and an MoU signing with the government to invest $3 billion in Moroccan projects

IFC partners with Nedbank for South African renewables

The IFC has signed with South African lender Nedbank a new $200 million renewable energy financing partnership to support such investments in the country

Risen achieves FC on Cambodia solar

China-based Risen Energy has reached financial close on a roughly $51 million solar energy project in northwestern Cambodia

India’s NIIF exceeds final-close target

Indian state-backed National Investment and Infrastructure Fund announced that its Master Fund exceeded its target size by more than 11%, reaching $2.34 billion in India rupees equivalent at final close, following new commitments by PSP Investments and US International Development Finance Corporation