Proximocast: Industry news

29 August - Vantage Data Centers raises USD 548mn in securitized notes

In today's news:
Canadian Solar has secured BRL487 million ($120 million) of non-recourse project financing from Banco do Nordeste do Brasil (BNB) for its 114MW Francisco Sa and 112MW Jaiba solar power projects.
Blackstone Infrastructure Partners along with its partners and affiliates has issued a nonbinding preliminary proposal to acquire the remaining shares in Tallgrass Energy it does not already own.
Brazilian conglomerate Odebrecht SA , which has been in bankruptcy protection since June, has filed a plan with the court proposing to give creditors the rights to receive proceeds of asset sales and future profits of the companies controlled by the conglomerate.
North American wholesale data centre provider Vantage Data Centers has raised $548 million in new securitized notes, rated “A-” by Standard & Poor’s.

28 August - ING, EIB make €400m available for sustainable investments by businesses

In the news:
ING and the European Investment Bank are making €400 million available for investments by business enterprises in the Netherlands, Belgium and Luxembourg.
The University of Arizona has reached a 20-year agreement with Tucson Electric Power (TEP) for renewable capacity from a wind farm and a solar-plus-storage project.
Conti International has withdrawn from the Anaklia Development Consortium (ADC) that is developing a deep sea port project on the Black Sea in Georgia, according to local media sources.

27 August - Hawaii issues RFP for 900MW of capacity

The Hawaiian Electric Companies have issued requests for proposals for 900MW of renewable energy and grid services from developers to reduce the island state's reliance on fossil fuel.
Cyprus's state's gas company Defa has completed the evaluation of bidders for a project to develop and build a LNG import terminal with FSRU, jetty and pipelines
Kexim has agreed to finance $86 million in the research centre project of Ethiopia’s Adama Science and Technology University.

26 August - US Ex-Im to vote on $5bn loan to Mozambique LNG project

In the news:
US EX-IM is to vote on a $5 billion direct loan for the development and construction of an integrated liquefied natural gas project on the Afungi Peninsula in northern Mozambique's Rovuma Basin, one of the world’s most extensive untapped reserves of natural gas.
John Laing Group is reconsidering solar and wind investments after a poor performance by its assets in Europe and Australia in the first half of the year.
Royal Dutch Shell has made a A$617 million ($419 million) takeover offer for ERM Power Ltd

23 August - Genneia secures cash to construct Necochea wind farm

In today's news:
Norway’s government has approved a NOK2.3 billion ($257 million) application for funding to support Equinor’s 88MW Hywind Tampen project.
Argentinean renewables developer Genneia has secured $51 million of the estimated $62 million required to construct the 38MW Necochea wind farm.
The World Bank has priced its first USD benchmark issue for its new fiscal year, with a $3.5 billion five-year global benchmark due 28 August, 2024.

22 August - GNA I reaches full financial close

One big story today:
Sponsors of phase one for the $1.2 billion 1,338MW UTE Geracao de Energia (GNA I) LNG-to-power project in Brazil – Prumo Logistics (47%), BP (20%) and Siemens (33%) – reached full financial close last week on the funds backing the scheme. The deal signed on 15 March 2019, and the debt structure has remained the same on meeting conditions precedent.
 
 

21 August - Glencore to expand controversial mining operations at McArthur River in Northern Territory

In the news:
Shell, British Airways and fuel technology firm Velocys have applied for planning permission for a waste-to-energy project in North East Lincolnshire.
Wisconsin's Public Service Commission has approved the construction of the 100-mile Cardinal-Hickory Creek transmission line between Dubuque, Iowa, and Middleton.
Glencore has been given the green light to start work on its plans to vastly extend its controversial mining operations at McArthur River in the Northern Territory, Australia.

20 August - Singapore goes all in with private sector in infrastructure push

In the news:
Singapore has been moving forward on its aim to be the lead broker of infrastructure projects in Southeast Asia, and is intent on getting the private sector more involved. Globally, government funding accounts for about 40% of infrastructure spending, but in Asia it’s 90% - an “unsustainable” proportion, Indranee Rajah, minister in Prime Minister Lee Hsien Loong’s office, said.
Freyr, a startup planning to build one of Europe’s first battery gigafactories in Norway, has a bigger vision for the region: a “Nordic Battery Belt".
UK-based rolling stock investor, developer and asset manager Rock Rail has secured £400 million in financing to buy 33 new Hitachi trains that will be leased by train operator Abellio UK for its new East Midlands Railway.