A mammoth construction financing for Mammoth Solar
In a new direction for US renewables, Doral Renewables has pioneered a financing structure that mitigates the impact of interconnection queues on solar developers. More
US fibre's path to maturity
The US fibre sector has gradually begun to mature, with a significant volume of fibre project finance debt being raised over the past two years. But market and overbuild risk remain concerns for lenders. More
Africa’s largest solar energy, battery storage project receives $184m
AfDB has approved a financing package of up to $184.1 million to support the development of the Obelisk 1GW solar PV project and 200MWh battery energy storage system in Egypt. The project will be Africa’s largest solar power plant.The project’s total cost is estimated at more than $590... More
Fervo closes additional financing for Cape Station
Fervo Energy has secured $206 million of additional capital that is required to continue the advancement of the Cape Station enhanced geothermal system (EGS) project.The Cape Station development in Beaver County, Utah, includes Cape Station Phase I, which will deliver 100MW of baseload clean power,... More
Acen’s Valley of the Winds project approved by IPC
Acen Australia has received approval from the New South Wales Independent Planning Commission (IPC) for its 943MW Valley of the Winds project.The project is located near Gulgong in the Central Western Orana (CWO) Renewable Energy Zone (REZ) and will include a 320MW two-hour battery. Approval came... More
Latest German offshore wind auction attracts zero subsidy bids
Germany's Federal Network Agency (BNetzA) has received two bids in the auction for a 1 GW offshore wind energy site in the North Sea.Both bids offered a price of zero cents per kilowatt hour, prompting the agency to conduct a dynamic bidding process that begins on June 16. The two bidders are... More
DESRI begins Catclaw construction
DESRI has achieved financial notice to proceed (FNTP) and commenced construction of the Catclaw Solar and Storage project in Buckeye, Arizona. The project, which DESRI purchased from Avantus in 2024, comprises a 205MW solar facility with a 1GWh storage system that is anticipated to begin... More
DayOne raises $3.6bn for Malaysian data centres
DayOne Data Centres Singapore has secured RM15 billion ($3.6 billion) of multi-currency financing to support its green data centres in Malaysia’s Johor state. OCBC and its Malaysian unit OCBC Bank (Malaysia) acted as joint coordinators for the syndicated financing, which comprises RM7.5... More
Earthrise finances Gibson City Solar
Earthrise Energy has closed a $630 million tax equity and debt financing for its 270MWac Gibson City Solar project within Illinois’ MISO power market. The project is expected to achieve commercial operations in 2026. The debt financing consists of a construction-to-term loan, a tax equity... More
Recently closed deals
| Deal name | Cost in $m | Country | Sector |
|---|---|---|---|
| 43MWp Suria Hijauan Solar Farm Project - Financing | 21 | Malaysia | PV solar |
| Great White Kaolin Project - Financing | 49 | Australia | Mineral sands-Heavy mineral |
| 300MW Serentica Rajasthan Solar Project - Financing | 100 | India | PV solar |
| 72MW Batam Data Centre Project - Financing | 411 | Indonesia | Data center |
| 73MW Zatriq Wind Farm Project - SERV Covered Financing | 128 | Kosovo | Onshore wind |
Proxima Fusion closes $150m Series A round
Fusion energy company Proxima Fusion has closed a €130 million ($150 million) Series A round to build a commercial stellarator plant.The company aims to deploy the world’s first commercial fusion power plant based on a stellarator design. The financing round was co-led by Cherry Ventures... More
Proximo Congress 2025: US Energy & Infrastructure Finance
Four Seasons Hotel Nashville, Tennessee
America's leading project finance conference returns to Nashville bigger and better - a combined congress uniting leading minds in Power, Infrastructure, Decarbonization, and Digital Infrastructure
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Sengen and BNP Paribas launch C&I solar financing initiative
Segen and BNP Paribas have launched a programme to finance commercial and industrial solar installations in the UK and Germany, removing upfront costs.The new scheme enables Segen customers to acquire and install solar and energy storage projects through approved C&I installers, paying over the... More
Latest contracts closed by EPC contractors
| Name | Date | Country | Sector |
|---|---|---|---|
| Fluor Joint Venture Awarded Engineering, Procurement and Construction Management Services Contract for BHP’s Olympic Dam Smelter & Refinery Expansion Project in South Australia | 31/01/2025 | Australia | Ores & alloys |
| N.V. Westerscheldetunnel awards multi-year maintenance contract for Sluiskiltunnel to BAM/TBI consortium | 31/01/2025 | Netherlands | Tunnel |
| Another cable contract in Taiwan awarded to Van Oord | 10/01/2025 | Taiwan | Renewables (other) |
| BAM to deliver 140 miles of high-speed rail infrastructure for HS2 | 05/12/2024 | United Kingdom | Rail |
| Fluor Awarded Contract for Front-End Engineering and Design of Carbon Capture and Storage Solution at Heidelberg Materials Facility in Germany | 04/12/2024 | Germany | Infrastructure (other) |
Egypt 'agrees to buy up to 160 LNG cargoes through 2026'
Egypt has reached agreements with several energy firms and trading houses to buy between 150-160 cargoes of LNG to cover power demand from now until the end of 2026, industry sources said.The gas purchases, costing over $8 billion based on current prices, will add more pressure on government coffers... More
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