Latest News

AfDB signs loans for Côte d'Ivoire CCGTs

The African Development Bank (AfDB) has signed a €150 million ($170 million) debt package for two combined-cycle gas turbine (CCGT) power plants under development in Côte d'Ivoire

DFI awards Myanmar road concessions advisory

A development finance institution (DFI) has awarded a $555,650 advisory role to a two-firm team to assist Myanmar’s Ministry of Construction (MOC) in enhancing road concessions

NEXI to widen loan insurance criteria

Japan’s export loan insurer Nippon Export and Investment Insurance is widening the criteria for offering insurance on infrastructure-related loans

Nordic DFIs sign C&I deal with Nigerian energy services firm

Finnish Development Finance Institution and Norwegian Investment Fund for Developing Countries have signed on a $10 million C&I financing with a Nigerian energy services provider

MODIFI completes fundraising for India expansion

Germany-based fintech company MODIFI has completed a €5.5 million funding round to support the expansion of its trade finance platform to the Indian market

Hartwell appointed GM at AMC Trade Finance

Kenton Hartwell has left Crown Agents Bank to become the new general manager of London-based boutique merchant bank Africa Merchant Capital Group’s trade finance division

Wood Group takes FEED for Duqm Refinery phase 2

Duqm Refinery and Petrochemicals Industries Company has awarded the front end engineering design contract for the second phase of the downstream project to UK-based Wood Group

BNDES-backed Brazilian wind complex to issue debentures

Energias de Portugal’s Brazilian subsidiary, EDP Renováveis Brasil, will issue $22.5 million in senior secured debentures due in 2033 for its wind portfolio located in the Brazilian state of Bahia

Sabadell buys into Peruvian wind farms

Banco Sabadell’s fully-controlled Sinia Renovables has acquired a 10% stake in two DFI-backed projects located in Peru

Chinese lenders on Australia's Cultana Solar

SIMEC Energy Australia has lined up three Chinese banks to lend on the Cultana Solar Farm in South Australia, having brought on board Shanghai Electric and Wuxi Suntech as EPC and O&M contractor and module supplier, respectively

Financial close imminent on Bahrain's Al Dur 2 IWPP

An ACWA Power-led consortium expects to reach financial close next week on the $1.5 billion, 1.5GW Al Dur 2 IWPP in Bahrain, supported by a debt package that includes an international tranche covered by Euler Hermes

Je Woo Cho moves to KOSPO

Je Woo Cho has joined Korea Southern Power as manager, in charge of overseas project development and financing

Teck funds Chilean mining project

Canadian mining company Teck has signed a $2.5 billion limited recourse project finance deal to fund the expansion of its Chilean mining project, Quebrada Blanca Phase 2

Sonnedix closes Chile solar project financing

Sonnedix has closed a $99 million non-recourse project financing in Chile with loans from multilateral and commercial lenders

ECAs on Taiwan offshore wind financing

German developer wpd and a Japanese consortium have reached financial close on the 640MW Yunlin offshore wind farm with a $2.98 billion ECA-backed project financing package

Colombia's FDN closes on first solar loan

Spanish company Trina Solar Energy has closed on a $7.1 million loan with Colombia's Financiera de Desarrollo Nacional − the first time the development bank has financed a non-conventional project