Latest Power News
AfDB to invest equity in Africa50 infra fund
The AfDB has approved a $20 million equity investment into the $500 million Africa50 Infrastructure Acceleration Fund I
Engie closes gas-fired sale in Brazil
Engie Brasil Energia has closed the sale of the company’s last coal-fired power plant in Brazil, making it a 100% renewable power generator in the country
Constellation acquires stake in Texas nuclear plant
Constellation Energy has acquired NRG Energy's 44% stake in a Texas nuclear plant in a $1.75 billion deal.
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South Africa’s Standard Bank plans renewable energy fund
Power Sub-Saharan AfricaStandard Bank said it plans to launch a sustainable energy fund alongside its insurance arm, Liberty, and asset management unit, Stanlib
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CNOOC commissions China's first offshore CCS project
Power Asia PacificChina National Offshore Oil Corporation has commissioned China's first offshore carbon dioxide storage demonstration project
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Aneel confirms first transmission auction of 2023 in Brazil
Power Latin AmericaBrazil’s National Electric Energy Agency has confirmed the first transmission auction of this year will be held on 30 June
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Shortlist for Puerto Rico’s power P3
Power North AmericaThe Puerto Rico Public-Private Partnerships Authority has shortlisted 6 teams that responded to the RFQ for a new generation facility project issued in March
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RBC infra fund raises $600m at first close
Power North AmericaRBC Global Asset Management has held the first closing of RBC Global Infrastructure Fund LP, which raised over $600 million in commitments from over 1,800 institutional and individual Canadian investors
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EXCLUSIVE Dual final close by year end for European AM
Power EuropeA Europe-headquartered asset manager with global operations is expected to conclude fundraising on both its active capital raises by year end, potentially bringing in €7 billion between the global investment strategies
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SNC-Lavalin brings nuclear expert on board
Power North AmericaSNC-Lavalin has hired nuclear industry executive Gary Rose as executive vice president, Canada, Nuclear, effective 14 July
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InfraCorp closes Peruvian power plant acquisition
Power Latin AmericaInfraCorp, the infrastructure investment platform of Grupo Romero, has closed the acquisition of the Puerto Bravo gas-fired plant in Peru
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EXCLUSIVE Lenders line up for Australia’s Central-West Orana REZ
Power Asia PacificThe first-ranked bidder for the Central-West Orana Renewable Energy Zone – ACE Energy – comprising of Acciona, Cobra, and Endeavour Energy, has lined up a group of lenders for the project, 5 sources close to the project told IJGlobal
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AES Andes to retire coal plant in Chile
Power Latin AmericaAES Andes is retiring the company’s Norgener coal-fired power plant in Chile
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Danish Energy Agency sets 9GW capacity for wind tender
Power EuropeThe Danish Energy Agency has agreed on a minimum 9GW capacity for the next offshore wind tender, allowing the process to progress to market dialogue phase
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EXCLUSIVE NTPC signs $400m yen-denominated loan with 2 banks
Power Asia PacificIndia’s largest power generating company, NTPC has signed a $400 million-equivalent Japanese yen loan with 2 lenders, IJGlobal understands
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Engie promotes Narsingkar to acquisitions head
Power MENAEngie has promoted Parag Narsingkar to head of acquisitions, investments and financial advisory for the Middle East, Africa and India based in Dubai
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Mytilineos to acquire Greek facility manager
Power EuropeGreek electricity and natural gas provider Mytilineos Energy & Metals has acquired Unison Facility Services in a deal valued at €26 million
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Francesco Starace to join EQT
Power EuropeEQT has hired Francesco Starace as a partner within its infrastructure division to provide senior insight to support investment activity, portfolio companies and strategic initiatives