China looks to smart grids to shore up renewable-energy growth by Kali Persall | May 19, 2023 As part of a plan to reduce its national energy consumption to 13.5 percent per unit of GDP by 2025, China is looking at smart grids — in particular rural grids — as opportunities for green investment and meeting national decarbonization goals.
QatarEnergy awards EPC contract for world’s largest LNG project by Released | May 19, 2023 QatarEnergy has awarded an engineering, procurement and construction (EPC) contract for the North Field South (NFS) project, which comprises two LNG mega LNG trains with a combined capacity of 16 million tons per annum (MTPA).
I Squared Capital appoints Gautam Bhandari to CIO, forms operating committee by Kali Persall | May 19, 2023 I Squared Capital has appointed co-founder and managing partner Gautam Bhandari to CIO.
U.S. DOE names FLO a founding member of EV-charging effort by Kali Persall | May 19, 2023 The U.S. Department of Energy (DOE) has named FLO, a North American electric vehicle- charging company and a smart charging solutions provider, as a founding member of a new effort to develop EV-charging solutions in the United States.
San Diego City Employees to increase infra allocation by 1% by Kali Persall | May 19, 2023 The $10.5 billion San Diego City Employees’ Retirement System (SDCERS) is considering a 1 percent increase to its infrastructure allocation, according to recent board meeting documents.
ST Telemedia Global Data Centres to launch its largest data center project in the Philippines by Kali Persall | May 19, 2023 ST Telemedia Global Data Centres (STT GDC Philippines), a joint venture between Globe, Ayala Corp. and Singapore-based ST Telemedia Global Data Centres (STT GDC), is set to deliver its largest data center project development in the Philippines.
IFC contributes $150m to Patria Infra FIDC1 as an anchor investor by Kali Persall | May 18, 2023 The International Finance Corp. (IFC) is investing up to BRL 780 million ($150 million) in a new infrastructure debt fund managed by Patria Investimentos, and as the anchor investor, will help mobilize investments from institutional investors.
European Commission conditionally approves MOL’s acquisition of OMV Slovenija by Kali Persall | May 18, 2023 The European Commission has approved the proposed acquisition of OMV Slovenija by MOL, which are the second- and third-largest retail fuel suppliers in Slovenia, respectively.
Gresham House Energy Storage Fund announces $101m share placing by Kali Persall | May 18, 2023 Gresham House Energy Storage Fund (GRID), which invests in a portfolio of utility-scale operational battery energy storage systems in the United Kingdom, has announced an £80 million ($101 million) proposed share placing for institutional investors and a separate offer of shares available to U.K.-based retail shareholders of the company.
European data center markets flourish despite market conditions by Kali Persall | May 18, 2023 Despite weaker economic conditions, the top European data center markets are on track for a record year, with demand largely driven by hyperscalers, according to CBRE.
Sacramento County Employees announces follow-on commitment to IFM U.S. Infrastructure Debt Fund by Kali Persall | May 18, 2023 The Sacramento County (Calif.) Employees’ Retirement System (SCERS) has unveiled a $35 million follow-on commitment to IFM U.S. Infrastructure Debt Fund, an open-end fund managed by IFM Investors.
Leyline Renewable Capital provides $30m in financing to Accelergen Energy by Released | May 18, 2023 Leyline Renewable Capital, a provider of early-stage capital for renewable-energy developers, has announced $30 million in financing for solar and storage developer Accelergen Energy.
EIB provides €75m loan to upgrade heat generation and distribution system in the Czech Republic by Released | May 18, 2023 The European Investment Bank (EIB) has signed an agreement with Teplarny Brno, a utility company in the Czech Republic, for a €75 million ($82 million) loan to co-finance the upgrade of the heat generation and distribution system in the City of Brno.
IFC structures healthcare P3 in Uzbekistan by Kali Persall | May 17, 2023 The International Finance Corp. (IFC) has signed an agreement with the government of Uzbekistan to structure a public-private partnership (P3) to construct, operate and maintain new multi-specialty hospitals in the Samarkand, Jizzakh and Kashkadaria regions.
IberBlue Wind to deliver 990MW offshore wind project in Spain by Kali Persall | May 17, 2023 IberBlue Wind, a joint venture of Simply Blue Group, Proes Consultores and FF New Energy Ventures, has announced a floating wind project off the coast of Andalusia.
