Proximocast: Industry news

26 June - Earthquake-hit Central Sulawesi receives $297m ADB loan

In the News:
NV Energy is planning to build three renewables projects in Clark County, Nevada, with a combined total of 1.2GW of solar capacity with 590 megawatts of battery storage
The European Bank for Reconstruction and Development has agreed an €18 million loan to help finance the first large-scale wind farm in Kosovo, a country which relies on coal for its energy.
The Asian Development Bank has approved $297.75 million dollar loan for the rehabilitation and reconstruction of public works and transport infrastructure in Central Sulawesi, following a 7.4-magnitude earthquake last year.

25 June - JBIC, OPIC, EFIC sign infrastructure financing MoU

In the News:
Canadian Utilities Limited  and minority partner Quanta Services Inc have entered into definitive agreements to sell their interest in Alberta PowerLine  for $300 million and the assumption of $1.4 billion of deb
French cleantech group Ecoslops and the European Investment Bank have signed an 18 million Euro loan agreement to help finance the construction of plants in Marseilles and Antwerp
BIC, OPIC, and EFIC have reaffirmed their commitment to providing financing support to infrastructure and energy sectors in the Indo-Pacific region

24 June - Clearway closes on repowering debt for Wildorardo and Elbow Creek

In the News:
Clearway Energy and Clearway Energy Group have closed on $377 million one-year bridge loan to fund the repowering of two existing wind assets in Texas.
The New Jersey Board of Public Utilities (NJBPU) has selected Ocean Wind as the preferred bidder for a 20-year offshore wind renewable energy credit (OREC) for its 1.1GW offshore wind development.
Troubled wind turbine company Suzlon Energy has put forward a one-time debt settlement proposal to its lenders which would be funded through the sale of a majority stake to Canadian investor Brookfield.

20 June - Bogota Metro tender to open on June 28

Today's stories:
The World Bank is providing $30 million to increase water supply services in and around Liberia and its capital, Monrovia
DIF has appointed former Scotiabank and Santander banker Daniel Aninat to run its Santiago office - its first in Latin America.
Macquarie's MIRA fund has closed its sixth pan-European infra fund with 6bn euros in commitments.
Six consortia will be bidding to win the right to construct the first line of the Bogota Metro when it opens for tendering on 28 June.

19 June - Desjardin to acquire Cypress Wind Project from EDF Renewables Canada

Today's news headlines:
Desjardin Group Pension Plan will acquire upon construction the Cypress Wind Project from EDF Renewables Canada
Digital Colony has acquired Spyder Facilities Ltd to expand its UK digital infrastructure platform
TenneT has awarded Prysmian a 140 million euro contact to link offshore wind farms in the German North Sea
The EIB is financing the improvement of the Phnom Penh drinking water supply in Cambodia to the tune of 85.9 million euros via a loan
Statkraft and Stratera Energy announce new partnership for energy storage and flexible gas-powered generation in the UK

18 June- Grasshopper Solar closes $185m acquisition financing

In the news:
Canada-based Grasshopper Solar has closed on $185 million of five-year senior debt from sole lender Deutsche Bank to finance the acquisition of a portfolio of solar projects in Japan.
Kier Group, has announced a series of measures to get the group's borrowings under control and restore investor confidence in the business.
The Metro 5 consortium has negotiated a margin cut on the combined bank and project bond debt it raised in 2015 for the Milan Metro Line 5 project.

17 June - ENGIE enters into corporate agreements with Target and Fiat Chrysler

In the news:
ENGIE North America has entered into a 15-year PPA with retailer Target Corp, ENGIE has also signed an agreement with Fiat Chrysler Automobiles for the provision of charging solutions to serve FCA’s new hybrid and full electric models.
Tri-State Generation and Transmission Association has issued its sixth request for proposals for renewable energy resources
Climate financing by the world’s largest multilateral development banks in developing countries and emerging economies rose to an all-time high of $43.1 billion in 2018, boosting projects that help developing countries cut emissions and address climate risks

13 June

In the news today:
An InfraRed Capital Partners-led consortium has entered into a 35-year partnership with Curtin University to design, finance, construct and operate an industry-connected innovation precinct called Exchange.
Infrastructure solutions firm HNTB Corporation has appointed Roger Prince as a project director and associate vice president in its programme management and construction management practice.
The World Bank, via the IBRD as lender, has approved a $300 million loan for its $750 million China Renewable Energy and Battery Storage Promotion Project
The General Office of the Communist Party of China and the State Council has relaxed its policy on the funding of infrastructure projects by local governments