Proximocast: Industry news

16 August - Macquarie GIG & MEIF5 + USS secure debt against Rampion offshore wind farm

In today's news:
Macquaire’s Green Investment Bank (GIG), Macquarie European Infrastructure Fund 5 (MEIF 5) and Universities Superannuation Scheme have sealed holdco-level debt raised against their combined 25% stake in the 400MW Rampion offshore wind farm in the UK. The deal reached full financial close last month.
PG&E Corporation has appointed Andrew M. Vesey as Chief Executive Officer and President of Pacific Gas and Electric Company (PG&E), effective from August 19.
African Infrastructure Investment Managers (AIIM) and Nedbank Energy Finance are making a $26 million investment in 40MW of PV projects being developed across Southern Africa by renewable energy provider Sola Group.
The Asian Development Bank has approved a $160 million loan to modernize the operations and improve the efficiency of Sri Lanka Railways, the country’s railway operator, by upgrading its infrastructure and technical capacity.

15 August - Valley Clean Energy considers acquiring PG&E distriubtion assets

In today's news:
Denver International Airport (DIA) has terminated its $1.8 billion 34-year P3 concession with the Ferrovial-led Great Hall Partners consortium
Valley Clean Energy (VCE), a not-for-profit community choice energy agency in Davis, California is considering the opportunity to acquire Pacific Gas and Electric (PG&E) distribution facilities in its customer area.
The UK Transport Secretary has announced the provision of an additional £2.5 million to fund the installation of over 1,000 new chargepoints as part of the government's on-street residential chargepoint scheme.
International law firm Norton Rose Fulbright has added former McGuireWoods lawyers Becky Diffen as partner and Sam Porter as senior counsel to its project finance team in Austin.

14 August - Greece risks EU funding by building Attica-Crete interconnection

In the news:
Delek Group is in talks with investors to raise up to $300 million ahead of a planned IPO of its Ithaca Energy business
The Palestinian Water Authority is inviting expressions of interest for the development and implementation of the Gaza Central Desalination Plant project.
Ariadni Interconnection - a subsidiary of Greece's independent power transmissions operator - has opened the first tender bids for its Attica-Crete transmission project, causing the EU's Directorate-General for Energy to write to the Greek Energy and Environment Minister warning of the consequences of persisting with the project separately to the EU's Israel-Cyprus-Greece interconnector.

13 August - Proximo's US Power and Renewables Financing Exchange; Maquarie's GIG; St Kitts Electric; and Infrastructure Ontario

A Proximo update:
We're launching our Proximo Austin 2019: US Power and Renewables Financing Exchange later this week! Keep an eye here for updates on speakers and the brochure for the program. 
In the News:
Macquarie’s Green Investment Group has entered an agreement to acquire a 40% stake in the 714MW East Anglia ONE offshore wind farm from Iberdrola’s ScottishPower Renewables.
Local utility St Kitts Electric Company and energy storage company Leclanche SA are planning the largest solar-plus-storage project in the Caribbean on the island of St Kitts.
Infrastructure Ontario and the Ministry of Government and Consumer Services have awarded a fixed-price contract to Fengate PCL Progress Partners for the Macdonald Block Reconstruction Project.

12 August - Solar plus storage in the Bahamas; approval for renewables in South Australia; and updates on West Bakr Wind in Egypt

The Bahamas is planning to install solar-plus-storage projects and hybrid microgrids to improve access and resilience on four of its 30 inhabited islands
South Australia's State Commission Assessment Panel has given its approval for Neoen's $500 million renewables project in the Southern Flinders Ranges near Crystal Brook
More details have emerged on Lekela's $252 million debt financing for its 250MW West Bakr Wind project in Egypt.

09 August - Brazil's Bolsonaro approves new solar auction programme

In today's news:
Natixis has promoted Helena Radzyminski to head of Latin America in its corporate and investment banking division.
Australia’s BHP has approved $283 million (BHP share) in funding to develop the Ruby project located offshore Trinidad and Tobago.
US residential solar firm Vivint has secured a $325 million revolving warehouse facility to refinance an aggregation credit facility that was set to mature in 2020.
Brazilian President Jair Bolsonaro has authorised the launch of a solar auction programme to power a major water transfer project

08 August - Sirius Minerals suspends bond issue for mining project in Yorkshire

In today's news:
Sirius Minerals is suspending the $500 million bond issue for its Woodsmith polyhalite mining project in Yorkshire due to volatile market conditions.
Equinor has entered an agreement with Argentine energy company YPF Luz to buy a 50% holding in Luz del Leon
Macquarie Infrastructure and Real Assets (MIRA) has agreed to acquire Ocean Breeze Energy from Unicredit.
The French government's sixth and final auction for ground-mounted solar PV has seen 107 developers successfully bidding on 858MW of capacity.

07 August - KGAL lines up sale of 5 Spanish solar farms by year end

In the news:
Infrastructure Ontario and Hopital Montfort have signed a C$59.7 million ($45 million) fixed-price contract with EllisDon Infrastructure Healthcare for the building and financing of the Orleans Health Hub Project. 
Caliber Midstream Holdings has acquired crude oil gathering and pipeline assets in North Dakota from American Midstream Partners
Canada-based Pure Gold Mining has closed a $90 million project financing package with Sprott Resource Lending Corp for the development of an underground mine at its Madsen Gold Project.
KGAL GmbH & Co has structured the sale of five solar PV plants in Spain by the end of the year. Two 5MW solar farms were sold to a Spanish fund in July 2019