Latest News

ADB, Tata Power fund Delhi’s first grid-scale BESS

Asian Development Bank and Tata Power Delhi Distribution Limited, the distribution arm of Tata Power Co, will jointly partially finance a pilot battery energy storage system in Delhi, the first grid-scaled energy storage project at the distribution transformer level in South Asia

AIIB supports Masdar’s solar, Uzbekistan

The Asian Infrastructure Investment Bank and the Abu Dhabi Future Energy Company (Masdar) have signed loan agreements totaling $83.6 million as part of a $396.4 million debt financing for developing 3 greenfield solar PV power plants in Uzbekistan.

Renergy signs docs for Abu Rawash WtE

Egypt’s Ministry of Environment has signed with Cairo-based Renergy Group Partners a 25-year DBOO contract for a 30MW waste-to-energy project at Abu Rawash in the north African state’s Giza governorate

Qair signs solar PPA in Seychelles

Seychelles’ energy utility Public Utilities Corporation (PUC) and French power developer Qair have signed a power purchase agreement (PPA) for a 5.8MWp floating solar project on the lagoon of Providence on the island of Mahé.

Tanzania picks Metito for wastewater project

Tanzania’s Dar Es Salaam Water Supply and Sanitation Authority (DAWASA) has awarded Dubai-based infra developer Metito a 3-year DBO contract for a wastewater treatment plant (WWTP) at Mbezi Beach in Dar es Salaam.

India to tender 250GW of renewables by 2028

The Indian government will issue tenders over the course of the coming 5 years for the installation of 250GW of renewable energy capacity to achieve its target of 500GW by 2030

Almonty drawdowns from Korean tungsten mine facility

Canada-headquartered Almonty Industries has completed the fourth scheduled drawdown of $5.6 million from its $75.1 million project finance facility backing its tungsten mine in South Korea

USTDA backs GreenCo’s BESS project in Zambia

The US Trade and Development Agency (USTDA) has awarded a grant to Zambian firm GreenCo Power Storage to fund a feasibility study for its utility-scale battery energy storage system (BESS) project in Zambia

OPEC Fund invests $40m in Uzbek wind

The OPEC Fund for International Development has signed 2 separate $20 million loan agreements each with Saudi Arabia-based ACWA Power for the company’s 2 wind farms in Uzbekistan.

AIIB proposes $25m for Uzbekistan

The Asian Infrastructure Investment Bank (AIIB) has approved a loan to UzPSB – the second-largest state-owned bank in Uzbekistan – for improved energy and water efficiency, and to expand of renewable energy in the country.

Auction date set for São Paulo intercity train PPP

The state government of São Paulo has published a request for proposals for an intercity rail concession in the city of São Paulo, with the auction taking place on 28 November 2023.

Engie team hits FC on Ras Ghareb Wind, Egypt

An Engie-led consortium has achieved financial close on the $660 million 500MW Ras Ghareb Wind Farm in Egypt’s Gulf of Suez benefiting from significant DFI support

Colombian airport to be awarded in May

Colombia’s national infrastructure agency (ANI) plans to award the contract to expand Rafael Núñez airport in Cartagena in May

Ranade promoted to MD at DB, Singapore

Singapore-based Parag Ranade has been promoted to managing director at Deutsche Bank, the banker announced on social media over the weekend

UK hydrogen shortlist revealed

The UK’s Department for Energy Security and Net Zero last week shortlisted 20 projects for the Hydrogen Allocation Round (HAR1), totalling 408MW of capacity across England, Scotland and Wales

Japanese banks lend $300m to Vietcombank for RE

Vietnam's state-owned Bank for Foreign Trade of Vietnam (Vietcombank) has received a $300 million loan from 4 Japanese banks to finance renewable energy projects in the country.