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19 November 2024
in
Renewables

Red Sea Wind Energy signs ECA-backed Gulf of Suez 2 financing

Red Sea Wind Energy has secured ECA-backed financing for the expansion of the Gulf of Suez 2 onshore wind farm project in Egypt.JBIC provided up to $51 million, with...

19 November 2024
in
Renewables

Gasum acquires first Danish biogas plant

Gasum is expanding its biogas production portfolio with the acquisition of all shares in the Danish company Hærup Biogas ApS.The company owns and operates a biogas...

19 November 2024
in
Power, Renewables

Financial close for off-grid power at Eramet mine

Eramet and JUWI Renewable Energies have reached financial close on a €30 million ($31 million) off-grid solar and battery solution for a mine in Diogo, Senegal.The...

19 November 2024
in
Renewables

Abraxas, EDF plan 3GW green hydrogen project in Canada

Abraxas and EDF are to jointly develop the Exploits Valley Renewable Energy Corporation (EVREC) green hydrogen and ammonia project in Central Newfoundland.EVREC is a...

19 November 2024
in
Renewables

Massachusetts passes bill supporting offshore wind contracts

The Massachusetts State Legislature has passed a bill aimed at strengthening future offshore wind contracts. Among other provisions, the bill would allow the state...

19 November 2024
in
Power

UK and Finland to increase nuclear energy cooperation

The UK and Finland have agreed to intensify their cooperation on nuclear energy.The two nations signed an MoU on the peaceful uses of nuclear energy. The areas for...

19 November 2024
in
Renewables

Spain, Lithuania, Austria up renewable hydrogen support

The European Commission, Spain, Lithuania and Austria announced new financial support for the development of renewable hydrogen via the Innovation Fund. The three...

19 November 2024
in
Renewables

Lithuania reopens offshore wind tender

Lithuania’s National Energy Regulatory Council (NERC) has launched its second offshore wind tender, seeking a developer for a 700MW offshore wind farm.Earlier this...

19 November 2024
in
Renewables

Orsted Americas CEO to join GE Vernova as CCO

Orsted Americas chief executive, David Hardy, has decided to leave the company to join GE Vernova as its wind division’s chief commercial officer.He will step down...

19 November 2024
in
Power

Ofgem awards £2bn funding for Eastern Green Link 1

UK regulator Ofgem has awarded a £2 billion ($2.5 billion) funding package for the construction of the Eastern Green Link 1 (EGL1) electricity transmission...

19 November 2024
in
Renewables

Germany backs green H2, ammonia giga-project in Argentina

Austrian renewables developer RP Global plans to install 3GW of electrolysis capacity as part of the first stage of the “Gaucho Wind to Hydrogen and Green...

19 November 2024
in
Oil & gas

Tullow extends revolving credit facility

Tullow has secured approvals from its lenders to extend the maturity of its revolving credit facility to June 30, 2025.The company has sized the facility to $250 million...

19 November 2024
in
Metals and Mining

EQ Resources to acquire Tungsten Metals Group

EQ Resources, a tungsten producer with operations in Australia and Spain, has entered a binding heads of agreement to acquire the entire share capital of Tungsten Metals...

19 November 2024
in
Renewables

Danish green hydrogen e-SAF project grows

Scandinavian airline SAS, Copenhagen Airport and Aalborg Airport have signed an agreement with renewables developer Copenhagen Infrastructure Partners to form “a...

19 November 2024
in
Metals and Mining

American Rare Earths hires BMO for Halleck Creek project

American Rare Earths has engaged BMO Capital Markets as its financial adviser. The company said the move was a major step forward in establishing the Halleck Creek...

19 November 2024
in
Other

First Capital Bank Mocambique joins Proparco trade finance programme

Proparco is partnering with First Capital Bank Mocambique to support the supply of essential products in several African countries.The partnership consists of an envelope...

18 November 2024
in
Renewables

Financial close for 760MW Azerbaijan solar projects

Abu Dhabi Future Energy Company (Masdar) and SOCAR Green have reached financial close for the 445MW Bilasuvar and 315MW Neftchala solar projects in Azerbaijan.EBRD, ADB,...

18 November 2024
in
Telecoms and Communications

Mainova WebHouse receives €475m for Frankfurt data centres

Data centre developer and operator Mainova WebHouse has received debt financing of €475 million (about $502 million) to fund the construction of two data centre...

18 November 2024
in
Manufacturing & equipment

Westwater expects to close debt for Kellyton Graphite in Q4

Westwater Resources (WWR) has provided a Q3 update on the progress of Phase I of its Kellyton Graphite Plant.Following design optimisation and savings in steel, piping...

18 November 2024
in
Renewables

RWE adds local partner for Korean offshore wind project

RWE has signed a joint business development agreement with Korea Western Power (KOWEPO) to build the 495MW Seohae offshore wind project in South Korea.The project is...