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European Investment Bank and AllianzGI Expand Climate Financing with €450 Million Fund
The EIB and Allianz Global Investors (AllianzGI) have closed the Emerging Markets Climate Action Fund recently with a total size of €450 million; with €20 million in a contribution by the German government. The instrument has since transformed to be one of the biggest blended finance equity funds in
Quinbrook Secures AUD$722 Million Debt Financing for Supernode Battery Storage Project
Quinbrook Infrastructure Partners said it has secured debt financing of AUD$722 million for its Supernode battery storage project in Queensland. This marks the largest stand alone Battery Energy Storage System (BESS) project financing in Australia to date. Australia's Largest BESS Project The supern
POWERGRID Secures $200 Million Green Loan for Renewable Energy Projects
Sumitomo Mitsui Banking Corporation (SMBC) and Power Grid Corporation of India (POWERGRID) have signed a green loan contract. The loan has a $200 million value and a $150 million greenshoe option, denominated in Japanese yen. This partnership will develop infrastructure to evacuate and integrate ren
ADB Signs $24.3 Million Financing Deal for Solar Power Plant in Bangladesh
The Asian Development Bank (ADB) has approved a $24.3 million financing package for Muktagacha Solartech Energy Limited (MSEL) to develop a 20-megawatt (MW) grid-connected solar photovoltaic power plant in Mymensingh, Bangladesh. The project, one of Bangladesh's first private solar ventures with int
