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MPIC to build stake in SPNEC, Philippines
Renewables Asia PacificFilipino infrastructure conglomerate Metro Pacific Investment plans to take a substantial control in Philippines-listed SP New Energy with an initial acquisition of 16% stake from Solar Philippines for P2 billion
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Sembcorp shelves Indonesia cross-border solar, ESS
Renewables Asia PacificSingapore-based power producer Sembcorp Industries has mothballed the cross-border 1GWp solar power plant with an energy storage system in Indonesia, which initially planned to import the electricity to the Lion City
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Engie turns on Santo Agostinho wind in Brazil
Renewables Latin AmericaEngie has received the greenlight to turn on the first unit of its Santo Agostinho wind project in Brazil
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Equatorial Energia lands Itaú equity injection
Power Latin AmericaEquatorial Energia has signed an investment agreement with Itaú Unibanco in the amount of R$2.1 billion ($403 million)
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EDF, Nebras sign debt for Uzbek gas-fired
Power Asia PacificThe consortium led by French utility Electricité De France and Qatar-based Nebras Power have signed debt for a greenfield 1.58GW combined-cycle gas turbine project in central Uzbekistan
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Basalt Infrastructure to acquire telecoms company
Telecoms North AmericaBasalt Infrastructure Partners has reached an agreement to acquire Fatbeam Holdings from a fund managed by SDC Capital Partners and other investors
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Eversheds Sutherland hires Malali as PF partner
Renewables North AmericaEversheds Sutherland has hired Prem Malali as a partner in its global energy group, based in New York
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Osler Hoskin hires energy partner
Oil & Gas North AmericaOsler Hoskin & Harcourt has hired Vivek Warrier as a partner in its energy group, based in Calgary
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EXCLUSIVE Colombia’s new Atlantic port PPP, details revealed
Transport Latin AmericaThe government of Colombia has awarded a land concession at the mouth of the Magdalena River to an SPV comprising ERG International and other “private interests” to develop a new port
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Preferred bidder chosen for A04 French offshore wind
Renewables EuropeEDF Renouvelables and Maple Power joint venture has today been announced as the preferred developer for the 1GW fixed foundation wind farm in French waters
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Manah I and II IPPs PPAs signed
Renewables MENAOPWP has signed with 2 consortia the 20-year PPAs for 1GW of solar PV – the Manah I and II projects
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Renalfa IPP picks up Bulgarian wind farm
Renewables EuropeVienna-based developer and independent power producer Renalfa IPP is set to acquire the 72.5MW Vetrocom wind park in Bulgaria from Swiss energy company Alpiq for an undisclosed sum
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Road developers' debt to rise, India
Transport Asia PacificCrisil – the rating agency – has warned that the debt load of road developers in India will expand due to sizeable equity commitments in ongoing projects and rising working capital requirements, but revenue growth is expected to remain strong in the upcoming fiscal year due to excellent contract awards and execution
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Mexican industrial parks plan expands
Renewables Latin AmericaMexico’s government will develop renewable energy projects to power the 300 km Tehuantepec isthmus rail corridor between ports in Oaxaca and Veracruz states
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AMIH completes Cycle Energy acquisition
Oil & Gas North AmericaAmerican International Holdings has acquired Cycle Energy from Marble Trital in an all-stock deal
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EXCLUSIVE Financing in motion for Romania onshore wind
Renewables EuropeActis-backed renewables developer Rezolv is engaged in negotiations with lenders for a debt package to fund the development cost of its V4 wind farm in Romania aiming for financial close before the end of H1
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CMA deliberates EDF’s nuclear acquisition, UK
Power EuropeThe UK's CMA is considering whether the acquisition by French utility EDF of a stake in Canada-headquartered GE Steam Power’s nuclear activities can be carried into effect
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IsDB promotes new PPP lead officer
Social & Defence MENAThe IsDB has promoted Kenan Jusufspahic as lead PPP investment officer at its Jeddah office
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OX2 Swedish offshore energy hub – details
Renewables EuropeRenewables investor OX2 is set to progress the wind element of its offshore energy hub in Sweden ahead of the hydrogen electrolyser with final investment decision planned for 2025 on an optimistic timeline, according to sources familiar with the matter