Latest News for: Offshore investment bank

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TenneT bags EIB debt for grid upgrades needed by offshore wind industry

Renewables Now 20 Sep 2021
Dutch transmission system operator (TSO) TenneT has secured EUR 250 million (USD 292.6m) in debt from the European Investment Bank (EIB) to build a new transmission corridor enabling the integration of more offshore wind turbine generation.
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SSE bundles Scottish offshore wind projects to form 4.1-GW Berwick Bank

Renewables Now 17 Sep 2021
SSE Renewables, a division of energy company SSE Plc (LON.SSE), today said it is combining the Berwick Bank and Marr Bank offshore wind projects in Scotland into one “super” project with a potential capacity of 4.1 GW. The combined offshore wind development, one of the largest in ...
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Evergrande must not rely on bailout, says Global Times editor

Business Day 17 Sep 2021
A group of Evergrande’s offshore bondholders has selected investment bank Moelis & Co and law firm Kirkland & Ellis as advisers on a potential restructuring of a tranche of bonds, focusing on about $20bn in outstanding dollar bonds in the event of nonpayment, sources said ... Its offshore October 2023 bond fell 10% to 16.125c.
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China Evergrande is not 'too big to fail', says Global Times editor

The Times of India 17 Sep 2021
A group of Evergrande's offshore bondholders has selected investment bank Moelis & Co and law firm Kirkland & Ellis as advisers on a potential restructuring of a tranche of bonds, focusing on around $20 billion in outstanding dollar bonds in the event of non-payment, sources told Reuters ... Its offshore Oct 2023 bond fell 10% to 16.125 cents.
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China Evergrande is not ‘too big to fail’, says Global Times editor

Metro USA 17 Sep 2021
A group of Evergrande’s offshore bondholders has selected investment bank Moelis & Co and law firm Kirkland & Ellis as advisers on a potential restructuring of a tranche of bonds, focusing on around $20 billion in outstanding dollar bonds in the event of non-payment, sources told Reuters.
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Santander Corporate & Investment Banking Has Acted as Financial Advisor for Vineyard Wind 1 – ...

Finger Lakes Times 16 Sep 2021
(“Santander Bank” or “Santander”) today announced that its Corporate & Investment Banking division (“Santander CIB”) has acted as financial advisor, joint lead arranger, administrative agent and green loan coordinator for the financing of Vineyard Wind 1, the first large-scale offshore wind farm in the United States.
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Jacobs offloads Worley stake for $505m

Splash24/7 16 Sep 2021
US-based Jacobs Engineering has sold its stake in Australian offshore engineering company Worley in a block trade via investment bank Citigroup for a reported $505m.
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Evergrande crisis: why the Chinese property developer faces risk of default

The Irish Times 15 Sep 2021
But Iris Chen, an analyst at Japanese investment bank Nomura, argued in late August that such disposals would “actually hurt” offshore bondholders because “the proceeds will likely be used to repay onshore maturities” such as construction costs and trust loans ... The bank added.
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Financial exposure to Evergrande in Taiwan NT$2.21bn

Taipei Times 14 Sep 2021
The amount constituted banks’ loan exposure of NT$500 million and NT$1.71 billion in Evergrande shares invested through domestic or offshore funds, the commission said ... Forty-one offshore funds had invested a combined NT$451 million in Evergrande as of July 31, 0.39 percent of their total investment of offshore funds, it said.
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CBI chief challenges government to raise its game, or lose out to global competitors

The Business Desk 13 Sep 2021
But it took government to put in place the right policies, like the Climate Change Act; the right regulatory frameworks, like Contracts for Difference and the right incentives, investment, research bodies and expertise, like the Green Investment Bank and the Offshore Renewable Energy Catapult, to make this a highly investable market.
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BW Offshore strikes equity joint venture deal for Barossa FPSO

Splash24/7 12 Sep 2021
Oslo-listed BW Offshore has entered into a ... The partnership is designed as a joint venture, where BW Offshore has a share of 51%, while ICMK Offshore Investment has 25% and Macquarie Bank 24%.
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Weekly renewables M&A round-up (Sep 6-10)

Renewables Now 10 Sep 2021
-- Macquarie’s GIG acquires 400-MW Irish offshore wind project. Green Investment Group Ltd (GIG), part of Australian investment bank Macquarie Group Ltd (ASX.MQG), has acquired the developer of the 400-MW Sceirde Rocks offshore wind project in Galway in the West of Ireland.
photo: AP / Elizabeth Dalziel
In this photo taken on July 18, 2009, wind turbines are seen at the Da Bancheng Wind Farm, about 40 KM south to Urumqi city, in Xinjiang, China.
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Global windfarm installations expected to surge after Covid drop, says report

The Guardian 09 Sep 2021
The future of the industry’s growth is also expected to be powered by a record year for offshore wind financing, according to the report, after the $8bn investment in the world’s biggest offshore windfarm off the UK’s Yorkshire coast. The Dogger Bank offshore windfarm, to be built ...
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Renewable energy: my best shares to buy now

The Motley Fool 09 Sep 2021
It looks as if the global energy industry is now well and truly invested in green energy ... To do this, the organisation is investing £7.5bn over the five years to 2025 in substantial projects including the Seagreen and Dogger Bank offshore wind farms. Income investment ... Still, this is a risky investment.
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Dumfries House: the stately home at the heart of a royal crisis

The Observer 05 Sep 2021
These included Ruben Vardanyan, a well-known philanthropist who used to run the investment bank Troika Dialog. An independent arm of the bank managed a network of offshore companies that moved billions out of Russia ... By then, the investment had been sold, with Vardanyan taking his share of the reported $1bn (£720m) price ... Reuse this content. .
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