Uxolo Development Finance’s Post

Over the past few years, MDB/DFI-backed project finance in Asia has made a huge impact, and ECA-backed project debt isn't far behind, especially in key sectors like data centres, airports, and renewables. But here's the thing—despite this growth, the expected collaboration between DFIs and ECAs just hasn’t clicked. 📉 📈 So, why hasn’t the synergy happened, and what’s holding us back from hitting those net-zero goals? There’s a lot more to dig into. 👀 If you’re curious to learn more, check out the latest from Uxolo Development Finance and subscribe: https://lnkd.in/d9CuKMZt #Uxolo #ProjectFinance #InfrastructureFinance #RenewableEnergy

Sustainability is not just about creating positive impact. It’s also about integrating sustainability considerations across key corporate functions (finance, procurement, human resource, investment decisions etc). There isn’t a destination because it’s a constant work in progress. Fast forward since we launched our Framework in 2021, we have grown and green financing now plays a crucial role in our aspirations to drive energy transition.

Sustainable financing instruments continue to play an important role in our transformation journey, enabling the mobilisation of capital to drive the energy transition. Under our Green Financing Framework (2021), Sembcorp and its subsidiaries have secured S$4.7 billion of borrowing facilities as of end 2023, which were allocated to onshore wind and solar projects in Singapore, China, India and Oman. ➡ Read more about how we leverage sustainable financing to drive our decarbonisation goals in our Green Finance Report (GFR) for FY2023: https://lnkd.in/g79Jk-4S #Sembcorp #DrivingEnergyTransition #GreenFinancing #Sustainability 

EIB gets clever with wind guarantees Last week, the European Investment Bank (EIB) launched a significant initiative to support manufacturers of wind-energy equipment in Europe by extending a substantial counter-guarantee to Deutsche Bank. This pilot transaction will enable Deutsche Bank to set up a sizable portfolio of banking guarantees to boost Europe’s wind turbine manufacturing industry. The EIB estimates that this will trigger substantial additional private investments. The deal marks the first operation under the EIB's plan announced in December 2023 to strengthen the provision of commercial bank guarantees for companies throughout the European wind industry. Looking at the Exile Group chart, where last year project loan volume in the European renewables sector was considerably higher than DFI guarantees, the future impact of the EIB initiative could be significant. If the entire EIB plan has the same impact as predicted for Deutsche – effectively doubling the guarantees volume and massively mobilising private investment – next year’s chart should reflect some much bigger numbers. Subscribers can access more of Uxolo data here: https://lnkd.in/dZZSDEQc If you are not a subscriber, you can explore Uxolo's subscription options here: https://lnkd.in/d9CuKMZt #Uxolo #WindEnergy #RenewableEnergy #DevelopmentFinance #GreenEnergy #EIBInitiative Source: #UxoloIntelligence

EIB Gets Clever with Wind Guarantees: A Game-Changer for Europe's Wind Energy Sector 💹 The European Investment Bank (EIB) has launched a groundbreaking initiative to support Europe’s wind energy sector. By providing Deutsche Bank with a substantial counter-guarantee, this pilot transaction is set to boost the wind turbine manufacturing industry and trigger significant private investments. 🌍 Why It Matters: - First operation under #EIB's December 2023 plan - Expected to double guarantee volumes and mobilize massive private investments - Potential for significant impact on next year’s renewable energy data 📊 Discover the Full Impact: Explore detailed data and insights on how this initiative could transform the European wind industry. 🔗 Access Uxolo Development Finance Data Not a subscriber? Check out our subscription options here: 🔗 Explore Uxolo Subscription here: https://lnkd.in/eiWnJ9sG #RenewableEnergy #DevelopmentFinance #EIBInitiative

The Energy Efficiency Capital Grant (EECG) issued by Invest NI is now open for applications. The EECG aims to help NI businesses reduce energy costs by offering up to £150K in match-funded grant support to buy and install energy efficient equipment that reduces energy and carbon emissions. Tughans LLP Partner Andrew Kirke highlights the key eligibility criteria for the EECG and the level of support available. Read full article here: https://lnkd.in/epQkyd3u #Energytransition #Netzero #EECG #Energylaw #InvestNI #Leadinglawfirm

Good review for those considering applying for the Energy Efficiency Capital Grant funding.

Great topic and very timely Carrie. Energy storage is a big topic for the IPFA

#Update Fourth Partner Energy (FPEL) has secured a significant investment of $275 million from a consortium of global financial institutions led by the IFC - International Finance Corporation. The funding, which also includes contributions from the ADB and DEG, will fuel FPEL's ambitious growth plans in the renewable energy sector. The company aims to expand its renewable energy portfolio to 3.5 GW by 2026, building upon its existing 1.5 GW capacity. This investment marks a major milestone for FPEL as it positions itself as a key player in India's transition to clean energy. Read the story: https://ow.ly/Kwfg50STyJ4 Vivek Subramanian, Executive Director of FPEL Imad N. Fakhoury, IFC's Regional Director for South Asia Suzanne Gaboury #RenewableEnergy #CleanEnergy #IFC #ADB #DEG #SustainableInvestment #EnergyTransition #RenewablePower #GreenEnergy #GlobalFinance

Power and renewables: The dearth of ECA-DFI project collaboration Uncovered project financings dominated the power and renewables market from 2019 to 2023, according to Exile Intelligence's data across TXF (Trade and Export Finance), Proximo (Project Finance infra) and Uxolo. This half-a-trillion dollar figure demonstrates this grouping has mostly reached pure commercial bankability and project finance adulthood. During the same timeframe, project finance backed by ECAs accounted for a significant number of transactions, driven largely by major offshore wind deals. DFI-backed project finance also saw substantial activity, comprising a notable number of deals. While ECA and DFI cooperation is being held up as the golden calf for a more holistic approach to large-scale project finance deals, most agency support to the power and renewables market is independent of each other. In short, far greater collaboration between DFIs and ECAs is needed to align their different goals in emerging economies. Especially if the race to net-zero is to be realised by 2050, as DFI capital will not stretch far enough on its own. Subscribers can access more of Uxolo data here: https://lnkd.in/eWFEXJMx If you are not a subscriber, you can explore Uxolo's subscription options here: https://lnkd.in/dYse4DEH #Uxolo #ProjectFinance #RenewableEnergy #InfrastructureFinance #DFI #OffshoreWind #NetZero Source: #UxoloIntelligence