Societe Generale Corporate and Investment Banking - SGCIB’s Post

ACWA Power restructures debt and ownership in Turkish affiliate ACWA Guc, strengthening its position in the global energy market. Discover the strategic move and its implications. — https://lnkd.in/dz7dd-vr

Romanian exchange BRM plans expansion as trading liquidity doubles  https://lnkd.in/dSwrwYdd  Trading activity on Romanian exchange surges year on year. BRM expects further expansion with Trayport Joule platform launch and NEMO day-ahead market. Bourse eyes Bulgarian market but project delayed.   Romanian commodities exchange, BRM, has laid out internal and regional expansion plans as trading liquidity on its platforms has doubled year on year. The exchange has seen a surge in activity in the first half of 2024 compared to the same period last year, with 13.2TWh changing hands on the spot and forward gas platforms.  #ICIS #energy #Romania #exchange #trading #liquidity #expansion  Aura Sabadus - https://lnkd.in/gy9JfT9  24-Jul-2024 

BDV team (led by partners Vladimir Batarelo and Laurenz W. Vuchetich) advised the Croatian Bank for Reconstruction and Development, HBOR - Hrvatska banka za obnovu i razvitak in negotiating and executing a credit facility agreement with DTEK Energy B.V., the leading private investor in Ukraine’s energy sector, as borrower. Having completed this deal, BDV again proves its strong regional capacities in advising on banking & finance matters in the #energyindustry 🤝   #BDV #SELA #bankingandfinance #energy #legalnews

With most shareholders becoming climate sensitive and upholding human rights, most Big Banks will now be hesitant to finance business activities that can have adverse impacts. This is an opportunity forgone for the financiers. However, this is lesser than seeing their big and reputable shareholders pulling out. #impactofESG

Merger Plan and International Financial Funds seek investment opportunities in state projects across CIS countries, backed by sovereign guarantees, with investment amounts starting from $500 million - 10 billion dollars We are particularly interested in projects involving airports, seaports, privatization of state assets, solar energy, and various other ventures. We welcome project proposals and teasers from Kazakhstan, Georgia, Azerbaijan, Turkey, and other countries. Feel free to reach out to Merger Plan to discuss potential collaborations. If your project holds state status, we encourage you to contact us directly. Dima Finaev #solar #investing #georgia #turkey #azarbaijan #Investments #seaport #government #projects

TAEF announces 37pc increase in net income The Arab Energy Fund (TAEF), a multilateral energy-focused financial institution in which Bahrain owns 3 per cent stake, has reported a 37pc year-on-year (YoY) increase in net income for the first half of 2024 at $121 million when compared with $88m for the same period last year. Formerly known as Apicorp, TAEF’s delivery of continued growth, demonstrates resilience and impact of strategic focus and underscores the organisation’s ability to navigate the evolving energy landscape and its ability to deliver value to its stakeholders. Click to read more: https://lnkd.in/d3sBuMYC

D.TRADING signed Memorandum of Understanding (#MoU) with #SEFE (Securing Energy for Europe GmbH) at #UkraineRecoveryConference in Berlin. The signed agreement is yet another proof of the company’s commitment to strengthen the EU’s security by exploring potential projects promoting the Continent’s energy independence. With this MoU D.TRADING aims at ensuring sustainable trading operations in CESEE region, developing and trading new products as well as creating new business models for effective cooperation on the way to a sustainable future. #DTRADING #SEFE #MOU #URC #Collaboration #SustainableEnergy #SustainableFuture #Partnership #EnergyTransition

Ecora Resources target price raised by Canadian bank @EcoraResources #LSE #TSX #OTCQX #ECOR #ECRAF. Ecora Resources PLC's (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF) half-year has prompted RBC to remove US$83 million in investments from its 2024/2025 forecasts due to comments on the call on the Incoa project and the unlikely near- term execution of the Piaui option. As a result, net debt and acquisition costs are reduced, increasing RBC’s price target from 100p to 120p. “We continue to see ECOR as a compelling investment opportunity and expect a re-rating to occur as coal exposure fades and development projects are commissioned,” said the note. 'Outperform' is the... http://ow.ly/6Bs5105HKVq

UK Export Finance Finalizes $7.5 Million Deal for Oil and Gas Decommissioning In a groundbreaking development, UK Export Finance (UKEF) unveiled a pioneering deal to bolster overseas oil and gas decommissioning efforts, forging a strategic partnership with Brazilian firm Ocyan. This landmark transaction, valued at $7.5 million, is set to benefit over 70 Scottish enterprises, marking a significant milestone in international collaboration. The agency's announcement of a novel loan guarantee arrangement signals a pivotal step forward. It enables Ocyan to leverage financing from ABC International Bank to procure essential equipment from Aberdeen-based Maritime Developments Limited (MDL). https://lnkd.in/eqY3StXb #Energy #Infrastructure #Marine #Investment #UKExportFinance #Brazil #Ocyan #UKEF #Aberdeen #ABCInternationalBank #oilandgas

💶 Orsted secures €525m Hornsea 3 financing Export Finance Norway (Eksfin) is to provide €525m to Orsted, based on the purchase of two transformer platforms from Norway's Aibel for the Hornsea 3 offshore wind farm in the UK. The 2.9GW Hornsea 3, situated off the Norfolk/South Yorkshire coast, will be the world's single largest wind farm, when in operation in 2027. Following Hornsea 1 (1.2GW) and Hornsea 2 (1.3GW), which are already in operation, this latest transaction can only strengthen the relationship between Orsted and Norwegian exporters and help create future opportunities. Article Source: https://bit.ly/49nJHUe Eksfin - Eksportfinansiering Norge #OffshoreWindFarms #OffshoreWindProjects #Hornsea3 #NorfolkOffshoreWind