Latest News

IFC signs deal to push 3 hospital PPPs in Uzbekistan

International Finance Corp today signed an agreement with Uzbekistan’s government to structure a public-private partnership that will construct, operate, and maintain 3 new multispecialty hospitals

ADB issues debut green financing to Benin, Côte d’Ivoire

African Development Bank will roll-out its first green finance facilities through 2 public financial organisations in Benin and Côte d’Ivoire, the DFI said this week

Vietnam approves much-awaited power development plan

Vietnam's government has finally approved the long-awaited power development plan 8, which estimated a $134.7 billion investment for power generation and transmission lines by 2030

Colombian 4G road litigation rules in state favour

Colombia’s arbitration court has rejected concessionaire Covimar’s request that its contract for the Mulaló-Loboguerrero highway be dissolved, ruling in favour of the national infrastructure agency

Backing for North Africa-EU hydrogen pipeline

The Energy Ministries of Italy, Austria and Germany have signed a joint letter of political support for a southern hydrogen corridor in the EU which would connect North Africa to central Europe

Maldives launches solar PV tender

The Maldives government has launched the DBFOM procurement process for a 20MW solar PV project – the largest renewable energy tender issued by the country in terms of capacity and investment

Orsted bags subsidy-backed Danish CCS

Orsted has locked in the terms to develop and operate a carbon capture and storage facility in Denmark for 20 years

IFC plans $113m funding for ALBA’s rPET projects

The International Finance Corporation is proposing a $113 million debt financing in the form of long-term project loans to subsidiaries of Hong Kong-based waste management and recycling company, ALBA Asia

FirstLight Power closes $97.5m credit facility

Clean power producer FirstLight Power announced on Thursday that it had completed the expansion of a $97.5 million corporate credit facility to support a clean energy development pipeline and growth strategy in North America

AIIB prints first climate adaptation bond

Asian Infrastructure Investment Bank has priced its first climate adaptation bond, a A$500 million 5-year thematic bond issued under the lender’s sustainability bond framework

Norway postpones controversial wind tax

The Norwegian government has postponed the implementation of its proposed “resource rent tax” on onshore wind generation by a year following consultations held from 16 December 2022 to 15 March 2023

Oz announces $2bn budget for energy transition

The Western Australian government has announced an A$2.3 billion investment into 2 large-scale greenfield battery storage systems as part of its A$3 billion allocation for energy transition in its 2023-24 budget

Details out on El Salvador highway project

El Salvador’s minister for public works and transportation Romeo Rodríguez has revealed the financing details for the Los Chorros stretch of the Pan-American highway

Germany, Estonia plan submarine interconnector

German transmission system operator 50Hertz and Estonian counterpart Elering have signed a letter of intent (LoI) to pursue the build of a hybrid submarine cable between the 2 countries

ARENA backs Oz hydrogen with $2bn

The Australian Renewable Energy Agency has allocated A$2 billion to scale up Australia's green hydrogen industry

EBRD to back Taaleri flagship fund

The European Bank for Reconstruction and Development is expected to make a €100 million commitment to Taaleri’s latest renewables fund, Taaleri SolarWind III

IFC supports Johannesburg

The International Finance Corporation has proposed an investment of $100 million in a loan to support the City of Johannesburg (CoJ) Metropolitan Municipality’s capital investment programme