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
Sam Fowler-Holmes has been made up to partner in the trade finance group at the London office of Sullivan & Worcester
Spanish developer Grenergy Renovables has secured the senior debt financing for the construction of the Los Escudero solar park
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
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
The DFC has signed with the Africa Finance Corporation a $250 million loan to strengthen the African DFI’s investment capacity
Nassourou Aminou has been appointed as the new regional manager for Africa at the FCI and Afreximbank
An infrastructure platform backed by Enterprise Singapore and Monetary Authority of Singapore released standardised project finance loan documents
Lenders have signed a $1.767 debt package for the Vung Ang 2 coal-fired power project in Ha Tinh province, Vietnam
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
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
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
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 has announced the acquisition of a $50 million sustainable bond issued by the regional development bank in Brazil Banco de Desenvolvimento de Minas Gerais
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
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
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
The IFC has signed with South African lender Nedbank a new $200 million renewable energy financing partnership to support such investments in the country
China-based Risen Energy has reached financial close on a roughly $51 million solar energy project in northwestern Cambodia
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
Saudi Arabia’s efforts to enforce the sweeping reforms of its economic, social, and cultural spheres is symbolised by its pursuit of singular large megaprojects – the objectives of which go to the heart of the House of Saud’s Vision 2030 initiative
As several of the Latin American countries that used to be favorites for foreign investors have become less hospitable and stable in recent months, market participants are taking a fresh look at Colombia and the opportunities it offers in power and renewables.
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