Industry West ’s Post

PrivatBank and Ukrgasbank Lead the Way in Joining EBRD’s Energy Security Support Facility Ukrgasbank and PrivatBank have become the first Ukrainian banks to participate in the European Bank for Reconstruction and Development’s (EBRD) Energy Security Support Facility (ESSF), a key initiative aimed at enhancing access to financing for energy security projects in the country. The ESSF is designed to strengthen Ukraine’s energy resilience amidst the ongoing war and escalating Russian attacks on its energy infrastructure. The EBRD is extending portfolio-risk-sharing facilities to both banks, with Ukrgasbank receiving €150 million and PrivatBank €175 million. These funds will be directed towards financing small and medium-sized enterprises (SMEs), medium-sized corporate clients, regional municipalities, and private households […] Read the full story here: https://lnkd.in/g8wwhPbD #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #ebrd #energysecurity #europe #smefinancing #ukraine #ukrgasbank

👉 Our Infrastructure Debt team shares its views on current market developments in its quarterly newsletter, including these topics: ➟ After a record level in 2022, global private infrastructure deals decreased significantly in 2023, by almost -11% compared to the previous year. These figures already reflect the difficult global economic environment. ➟ By sector, the renewable, energy and telecommunication sectors accounted for more than 65% of the total transaction volume in 2023. This once again underlines the continued economic importance of all topics related to energy supply, energy transition and digitalization. ➟ The largest transaction in 2023 was the construction of an LNG terminal in Texas, USA, with a capacity of 27 million tonnes per year. This greenfield transaction with a volume of USD 19.2 billion is one of the largest greenfield energy project financings in the history of the United States. It underscores the continuing role of LNG and natural gas in the energy transition and reflects new geopolitical trends. #infrastruktur #infrastructuredebt #infrastructure #energytransition #privatedebt

Great news today as The World Bank Board of Executive Directors approves a $35 million investment to the Government of #Georgia in support of the Black Sea Submarine Cable (BSSC) Project. This project has the potential to become a transformational #interconnection between the #SouthCaucasus and Southeast #Europe, helping countries on both sides of the #BlackSea accelerate #decarbonization and scale up renewable energy, as well as improve #digital connectivity. The new Enhancing Energy Security through Power Interconnection and Renewable Energy (ESPIRE) Program for Georgia is designed to support the next steps in the preparation of the Black Sea Submarine Cable Project. In the first phase, the World Bank will help identify a suitable corridor for the power and fiber-optic cable system supported by a rigorous feasibility study and seabed investigations. This phase also includes capacity building and technical assistance for the establishment of adequate institutional mechanisms for intergovernmental coordination and joint decision-making with other countries participating in the BSSC project. Overall, the ESPIRE Program will comprise three phases with a potential financing envelope of up to $500 million. We are proud to do this work together with #IFC and #MIGA as One World Bank Group and look forward to coordinating closely with the private sector to match the ambition of this project. I would like to congratulate our team and the Government of #Georgia on this important step towards stronger energy security, better connectivity, growth and opportunities for entire regions. Abdulaziz Faghi Himmat Singh Sandhu Stephanie Gil Joern Huenteler Michel Rogy https://lnkd.in/ePk92m_w

Years of bailouts means SA government does not have fiscal capacity to invest in new build transmission infrastructure. To de-risk and bridge the funding gap, investment in the transmission sector will require #privatesector participation which will bring high levels of efficiency and execution to transmission sector plus accelerate the much needed new build roll out. JSE round-table discussion takeaways. #southafrica #powertransmission #investment #gridmodernization #renewableenergy #gridstability #transmissioninfrastructure #energystorage #ipp #epc https://lnkd.in/d5bVZTNH

Who said storage wasn't sexy? Congratulations to Equis Australia and Victorian Government State Energy Commission for making it happen. #bess #energystorage #energytransition "It comprises $400 million from from a debt syndicate comprising Export Development Canada, Societe Generale, Standard Chartered, and Westpac. Equis and SEC described the debt transaction as a “landmark” because they said it is the first financial close of a 4-hour BESS in Australia’s National Electricity Market (NEM), and the largest non-recourse debt financing package for any grid scale battery. Few other details were given of the financing for the what is known as MREH 3, which is the four-hour component of the project located on the outskirts of Melbourne. Another two stages will comprise battery components sized at 200 MW with two hours storage (400 MWh) each. In total, the MREH project has been sized at 600 MW and 1600 MWh, but will likely get much bigger as it rolls out its remaining three approved connection points, each sized at 200 MW and with the potential for up to 12 hours storage with flow battery technology."

Leadership in action

Clean Power Finance Canada– CanREA Summit: Canada's clean energy transition represents a massive investment opportunity in Canada. But project financing is complicated and can often be confusing for companies wanting to seek financing, as well as for investors looking to understand renewable energy projects. Enter Clean Power Finance Canada–CanREA Summit. Hosted by Presenting Sponsor, CIBC, this new, full-day conference, being held in Toronto on June 19, is the only event in Canada dedicated to connecting the clean power industry with the finance and investment community. Click here for event information. https://ow.ly/rpVZ50RFVUg #cleanpower #finance #fintech #financeservices #toronto #renewableenergy #energystorage

Clean Power Finance Canada– CanREA Summit: Canada's clean energy transition represents a massive investment opportunity in Canada. But project financing is complicated and can often be confusing for companies wanting to seek financing, as well as for investors looking to understand renewable energy projects. Enter Clean Power Finance Canada–CanREA Summit. Hosted by Presenting Sponsor, CIBC, this new, full-day conference, being held in Toronto on June 19, is the only event in Canada dedicated to connecting the clean power industry with the finance and investment community. Click here for event information. https://ow.ly/rpVZ50RFVUg #cleanpower #finance #fintech #financeservices #toronto #renewableenergy #energystorage

EBRD Commits €14 Million To Enhance Electricity Supply In Kyrgyz Republic The European Bank for Reconstruction and Development (EBRD) has announced a new financial package of up to €14 million to improve the efficiency of electricity supply in the Kyrgyz Republic. This investment will be on-lent to the National Electric Grid of the Kyrgyz Republic, the majority state-owned electricity transmission and distribution company. The financing programme is supported by the government of Japan through the Japan-EBRD Cooperation Fund and includes several key components: In addition to these projects, the EBRD has signed a memorandum of understanding with the Ministry of Energy of the Kyrgyz Republic to support the modernization and expansion […] Read the full story here: https://lnkd.in/g-SBjCtp #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #ebrd #europe #europeanbankforreconstruction&development #kyrgyzrepublic #powertransmission #renewableenergy

European Investment Bank (EIB) #EIB extends debt for funding a 600MW interconnector that will serve as a power bridge between Europe and North Africa 🌍 This adds to a MEUR 307 EU grant provided last year for the same project, and shows EUs interest in enhancing #energy procurement security and foster (new) #investments in #renewables. Hopefully this will also contribute to Italy and Tunisia (and hopefully other countries) reaching their renewable targets 🤞European Commission