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Power Sub-Saharan Africa
MIGA supports TDB through $378m guarantee
The World Bank’s Multilateral Investment Guarantee Agency has expanded its existing cooperation with the Eastern and Southern African Trade and Development Bank through the issuance of a €349 million 7-year loan guarantee
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Power North America
Montana BOI commits $150m to EQT infra funds
Montana Board of Investments has made commitments to EQT infrastructure vehicles worth over $150 million
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Power MENA
Developers sign green hydrogen MoUs in Egypt
The Government of Egypt signed MoUs with 7 international energy and infrastructure entities in a bid to attract $40 billion of investments in green hydrogen and renewable energy projects over 10 years
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Power Asia Pacific
Japan, Malaysia begin work on CCS
Petronas has signed an agreement for a carbon capture and storage site at a depleted gas field off the coast of Sarawak, Malaysia
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Power Asia Pacific
Epic Energy Australia BESS connection to grid
ElectraNet has approved a grid connection agreement for a 100MW/200MWh battery energy storage system project in South Australia
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Power North America
Exelon names chief investment officer after incumbent retires
US utility company Exelon has promoted Jessica Hart to senior vice president and chief investment officer after incumbent Doug Brown retired after 15 years in the role
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Power North America
Guzman inks 20-year wholesale power deal with Colorado utility
Colorado utility Mountain Parks Electric has inked a 20-year power sales agreement with wholesale power provider Guzman Energy
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Power North America
CalSTRS deploys $1.3bn to sustainable investment strategy
The California State Teachers’ Retirement System has allocated funding for a low-carbon private assets portfolio a part of its Net Zero plan
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Power North America
Approval for $75m United Power deal
Tri-State Generation and Transmission Association has received a key state-level regulatory approval from the Colorado Public Utilities Commission for the $75 million sale of its transmission facilities, contracts and assets to United Power
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Power Europe
Border to Coast embeds ESG investing
The Border to Coast Pensions Partnership has strengthened its ESG investment policies and will now exclude thermal coal generation
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Power Asia Pacific
EDF acquires Australian pumped hydro storage
Paris headquartered EDF Group has acquired a pumped hydro energy storage facility in Australia for an undisclosed price
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Power Asia Pacific
ADB raises $3.5bn from global bond
Asian Development Bank has priced a $3.5 billion 5-year global bond, proceeds of which will become part of the multilateral’s ordinary capital resources that fund various infrastructure projects
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Power Asia Pacific
EBRD, Kyrgyzstan ink pact for wind
The European Bank for Reconstruction and Development has signed an MoU to support utility-scale wind projects in the Kyrgyz Republic
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Power Europe
Orsted, PGE lock in cable contract for Baltica 2
Ørsted and PGE Group have selected contractors for works required to connect offshore and onshore cables for the Baltica 2 offshore wind project in the North Sea
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Power Europe
DLA Piper hires infra, energy partners, London
DLA Piper has appointed 3 infra, energy partners to bolster its corporate and finance teams in London
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Power Europe
Funding set for Greek electricity distribution network
The Hellenic Electricity Distribution Network Operator has welcomed a €150 million investment from the EIB for its electricity distribution network
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Power Sub-Saharan Africa
ATIDI supports Kenyan energy through RLSF
The Government of Kenya and African Trade & Investment Development Insurance have signed a regional liquidity support facility MoU to advance renewable energy and transmission projects in the east African country
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Power Asia Pacific
GE Vernova bags transmission contracts, India
GE Vernova’s Grid Solutions business has bagged multiple contracts from Power Grid Corporation of India for the supply of 765 kV shunt reactors for various transmission system projects in the country
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Power Europe
Mast Energy secures RiverFort funding
Mast Energy Developments has today finalised a funding agreement with London-based RiverFort to grow its power portfolio