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AES issues bond for Argentine wind to bridge DFI debt

AES Argentina Generación, AES Corp's local subsidiary, has issued a $48.4 million, short-term corporate bond to finance a wind project in the country, amid a standstill in commercial bank lending

BNDES to sell stake in Petrobras

Brazilian development bank BNDES has filed a formal request to sell a stake in state-controlled Petrobras

EU backs Dutch hydrogen project

A Nouryon-led consortium has received an €11 million grant from the European Union for a hydrogen project in Delfzijl, the Netherlands

Globeleq closes on DFI-backed Azito expansion

Africa-focused power developer Globeleq has reached financial close on the €330 million, 253MW expansion of its 462MW Azito gas-fired power plant near Abidjan in Côte d’Ivoire

Bhutan to explore airport upgrade PPP

Bhutan’s Ministry of Information and Communications is seeking an adviser to examine aviation capacity, assess four existing airports, prepare an aviation strategy and build capacity at the Department of Air Transport of the land-locked country

Lenders mandated for Mexican solar

Alten Energías Renovables has mandated a commercial bank and two development finance institutions for the financing of a 250MW solar project in Mexico

EKF and BNDES sign MoU

Danish export credit agency EKF has signed a memorandum of understanding (MoU) with Brazilian development bank BNDES

NEXI wraps Japanese debt for EDF wind in Morocco

Nippon Export and Investment Insurance will cover a portion of the debt for on the first phase of a 150MW wind farm being developed by an EDF-led consortium in northern Morocco

ADB, EIB finance POISED project in the Maldives

The Republic of Maldives has raised Asian Development Bank and European Investment Bank funding totalling $105 million for the POISED project, involving the installation of solar PV, diesel generators and lithium accumulator battery energy storage, as well as the upgrading of distribution grids

EU to sign grant for new Ruzizi hydro

The European Union is set to sign an €8 million grant – drawn from its Africa Investment Platform – for the pre-development work of the 287MW Ruzizi IV hydro project on the Ruzizi River in Central Africa

Mainstream brings in IDB for solar and wind in Chile

Mainstream Renewable Power is bringing in a multilateral institution for the financing of Huemul and Copihue, the second and third phases of its 1.3GW Andes Renovables solar and wind portfolio in Chile

EBRD and IRENA sign renewables MoU

The EBRD and the International Renewable Energy Agency have signed an memorandum of understanding to de-risk renewable power investment in EBRD countries

BNDES to fund biogas in Brazil

Brazilian development bank BNDES has approved a $24 million loan to Cocal Energia to finance the construction of a biogas power plant in Narandiba, in the São Paulo state

EIB backs Polish wind complex

The European Investment Bank has entered into a credit agreement with PGE Polska Grupa Energetyczna for up to $71.4 million to fund the construction of three onshore wind farms on Poland's Baltic coast

IRENA, ADFD commit funding for renewables

The International Renewable Energy Agency and the Abu Dhabi Fund for Development have allocated $105 million in funding for renewable energy projects across Africa, Asia and the Caribbean