TXF的动态

UK Export Finance (UKEF) and KUKE, the UK and Polish export credit agencies, have guaranteed a €249 million loan being arranged by Standard Chartered Bank for Turkish renewable energy investment company Kalyon Enerji, enabling the construction of Turkey’s second-largest solar project to date. This deal is expected to support UK jobs in the renewable-energy sector supply chain, particularly in the Midlands. The 390MWp project entails the construction and operation of solar power plants at seven separate sites, with aggregate power generating capacity of 390 MWp across the provinces of Bor-Nigde, Gaziantep and Sanliurfa-Viransehir. Upon completion, the project could generate enough renewable electricity to power over 65,000 households in Turkey annually. British exporter GE Vernova – via its subsidiary UK Grid Solutions Ltd – will supply and install inverter stations, power-plant controllers and other critical equipment. This is expected to directly support British jobs at GE Vernova’s Staffordshire site, as well as jobs in the wider UK supply chain. Polish exporters will deliver security systems (including both software and equipment) and steel components for the project. This is set to create jobs in manufacturing and logistics sectors. Read More:?https://lnkd.in/eWu-_wnb

EET (Essar Energy Transition) Fuels, which owns the Stanlow refinery in the UK, said on Tuesday that it has successfully secured $350 million in receivable financing and trade credit financing facilities. https://trib.al/cFAVfHd

NEW: The EU needs to spend €39 billion in public money every year to green its transport sector and maintain the continent’s competitiveness. Public support for EV social leasing, green fuels, batteries and charging infrastructure would help to unleash €271 billion a year in private spending up to 2030. The bulk of the investment (87%) in green transport tech will come from private investors, including manufacturers and banks. The €39 billion a year in public funding is less than the €42 billion that European governments give away in subsidies for petrol and diesel company cars every year. T&E calls for, among other things: 1??A €25 billion-backed EU battery fund to support European battery manufacturing, which is under intense pressure from China.? 2??Governments to deliver 2/3 of the funding needed to de-risk private investments in e-fuels for planes and ships, which are still in the early stages of development. 3??Halving funding for road building, which could save roughly €30 billion a year - enough to modernise Europe's energy grid. Read the full report at the link in our comments. #SustainableFinance #Investment

???? The Canada Revenue Agency (#CRA) has issued guidance on two investment tax credits (ITCs) to boost #cleantech in Canada: the Carbon Capture, Utilization, and Storage (CCUS) ITC and the Clean Technology ITC, part of Bill C-59. These credits, along with new ITCs for clean hydrogen and cleantech manufacturing from Bill C-69 are designed to expedite Canada's transition to a green economy and support cleantech startups. The CCUS ITC encourages investment in carbon capture projects, while the Clean Technology ITC offers refundable tax credits for capital invested in zero-emission vehicles and renewable energy equipment. #CanadaRevenueAgency #TaxCredits #SRED #CleantechStartups #CarbonCapture #RenewableEnergy #HydrogenProduction #ZeroEmissionVehicles #Sustainability #GreenEconomy #CapitalInvestment

?? Europe Deals of the Year 2023: Going large for the energy transition A year when commercial banks got more comfortable with spiky credits - and ECAs took market share on the biggest deals Discover the winning deals in the latest feature by Proximo's editor, Tom Nelthorpe: ?https://lnkd.in/dajnBGpp ??If you worked on any of these deals, don't forget to tag yourself to be automatically entered for a coveted dealmaker award! #Proximo #DealsoftheYear #EuropeDeals #projectfinance #energytransition #dealmakers

UK Export Finance and KUKE Back €249 Million Loan for Turkey’s Second-Largest Solar Project UK Export Finance (UKEF) and the Polish export credit agency KUKE have guaranteed a €249 million loan arranged by Standard Chartered Bank for Kalyon Enerji, a Turkish renewable energy investment company. This financing will enable the construction of Turkey’s second-largest solar power project to date. The 390 MWp project will involve the development of solar power plants across seven sites in the provinces of Bor-Nigde, Gaziantep, and Sanliurfa-Viransehir. Once completed, it is expected to generate enough renewable electricity to power over 65,000 households annually. British exporter GE Vernova, through its subsidiary UK Grid Solutions Ltd, will provide and install key […] Read the full story here: https://lnkd.in/dddvc-Dj #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #cleanenergy #europe #kuke #renewableenergy #solarenergy #ukef

Rather than the manufacturing sector as a whole, the Budget focused on critical minerals, clean energy and green technologies, and it was pleasing to see the announcement of $500 million for the tertiary sector to increase skills in manufacturing and clean energy, as well as the announcement of various initiatives to lift private investment and workforce skills, and boost local supply chains. By Jessica Olivier. #manufacturing #australianmanufacturing #auspol #finance #budget2024

Massive financing required for the global energy transition! Public financial institutions will need to play an outsized role in the global energy transition in view of its scale and nascent technologies. EDC was invited to participate in a gathering of ECAs and IFIs organized by Clifford Chance in Paris to discuss just this. With participants from around the world, Clifford Chance facilitated healthy discussions with respect to current trends, transactional insights and changing regulations. The mindset was a willingness for collaboration among the public institutions to crowd-in private capital as well as the role of blended financing. Some of my key take-aways from the conference were: ? A new willingness by end-users to change their historical procurement practices (i.e. from spot to long-term offtake agreements) as part of their decarbonization efforts. This is an important piece of the puzzle to help render large projects bankable and achieve FID (e.g. H2Green Steel). ??The refinancing of large energy transition projects once operational is an important step that enables project developers to recycle capital for new projects. Financial institutions need to be mindful of providing financing structures that don’t subsequently act as refinancing barriers. ??Public institutions need to be mindful of the entire value chain to render large renewable projects bankable. This can include credit enhancements of off-takers as well as having greater comfort with tail merchant risk, particularly when dealing in emerging markets. ??With respect to the green hydrogen sector, in addition to existing industrial demand centers (i.e. petrochem, fertilizer and chemicals), green steel and SAF are emerging as established use cases where more project FIDs are expected in the short to medium term. In 2023, EDC provided a record $12.2 billion in support for cleantech business (and 444 companies), a 39% increase from 2022. We saw increased demand for our direct lending, project finance and bonding solutions in various subsectors. Export Development Canada | Exportation et développement Canada is committed to enabling and accelerating the global energy transition.?#cleantech

The Global Energy Transition and Its Implications for Trade Finance The move away from fossil fuels toward renewable energy sources like solar, wind, and hydropower is reshaping how goods are traded, financed, and managed globally. 1. Shift in Trade Patterns: Impact on Fossil Fuels and Renewables Countries traditionally reliant on exporting oil, coal, and gas are witnessing declining demand, while nations producing renewable energy technology and materials are seeing an uptick in exports. According to the International Energy Agency (IEA), investments in clean energy will account for 70% of all energy-related investments by 2030. The global solar panel market, for instance, grew from $131 billion in 2018 to $223 billion in 2022, fueled by demand from Europe, North America, and Asia. 2. New Risks in Trade Finance for Fossil Fuel Projects Trade finance lenders are becoming cautious about financing oil, coal, and gas exports due to the long-term liabilities. According to the Institute for Energy Economics and Financial Analysis (IEEFA), over $500 billion worth of fossil fuel projects are at risk of becoming stranded assets by 2030 due to declining demand and changing policies. Trade institutions are responding by reallocating capital to greener projects. A report by Global Trade Review (GTR) noted that over 40% of trade finance banks have now included environmental, social, and governance (ESG) criteria in their risk assessments, leading to a shift away from fossil fuel financing. 3. Financing Renewable Energy Projects: Opportunities for Trade Finance Financing renewable energy projects, including wind farms, solar parks, and hydroelectric plants, is now a growing area of focus for trade finance providers. The Global Wind Energy Council (GWEC) reported that $99 billion was invested in wind energy globally in 2022, and trade finance played a pivotal role in facilitating the import of turbines, blades, and related equipment. For instance, lithium, a key component in batteries, saw its trade value increase from $3 billion in 2015 to $9 billion in 2022. 4. Impact on Developing Markets: Energy Access and Infrastructure Financing Many emerging economies, particularly in Africa, are seeing increased investment in renewable energy infrastructure to meet rising energy demands and climate commitments. In 2022, $21 billion in trade finance was allocated to renewable energy projects in Sub-Saharan Africa, with solar energy projects. For example, the Export-Import Bank of the United States (EXIM) provided over $2 billion in financing for renewable energy projects in developing countries in 2022, focusing on clean energy exports and infrastructure development. Conclusion: The Future of Trade Finance in the Energy Transition As the global energy transition accelerates, trade finance will continue to evolve, adapting to new risks, opportunities, and sustainability requirements.

The Global Energy Transition and Its Implications for Trade Finance The move away from fossil fuels toward renewable energy sources like solar, wind, and hydropower is reshaping how goods are traded, financed, and managed globally. 1. Shift in Trade Patterns: Impact on Fossil Fuels and Renewables Countries traditionally reliant on exporting oil, coal, and gas are witnessing declining demand, while nations producing renewable energy technology and materials are seeing an uptick in exports. According to the International Energy Agency (IEA), investments in clean energy will account for 70% of all energy-related investments by 2030. The global solar panel market, for instance, grew from $131 billion in 2018 to $223 billion in 2022, fueled by demand from Europe, North America, and Asia. 2. New Risks in Trade Finance for Fossil Fuel Projects Trade finance lenders are becoming cautious about financing oil, coal, and gas exports due to the long-term liabilities. According to the Institute for Energy Economics and Financial Analysis (IEEFA), over $500 billion worth of fossil fuel projects are at risk of becoming stranded assets by 2030 due to declining demand and changing policies. Trade institutions are responding by reallocating capital to greener projects. A report by Global Trade Review (GTR) noted that over 40% of trade finance banks have now included environmental, social, and governance (ESG) criteria in their risk assessments, leading to a shift away from fossil fuel financing. 3. Financing Renewable Energy Projects: Opportunities for Trade Finance Financing renewable energy projects, including wind farms, solar parks, and hydroelectric plants, is now a growing area of focus for trade finance providers. The Global Wind Energy Council (GWEC) reported that $99 billion was invested in wind energy globally in 2022, and trade finance played a pivotal role in facilitating the import of turbines, blades, and related equipment. For instance, lithium, a key component in batteries, saw its trade value increase from $3 billion in 2015 to $9 billion in 2022. 4. Impact on Developing Markets: Energy Access and Infrastructure Financing Many emerging economies, particularly in Africa, are seeing increased investment in renewable energy infrastructure to meet rising energy demands and climate commitments. In 2022, $21 billion in trade finance was allocated to renewable energy projects in Sub-Saharan Africa, with solar energy projects. For example, the Export-Import Bank of the United States (EXIM) provided over $2 billion in financing for renewable energy projects in developing countries in 2022, focusing on clean energy exports and infrastructure development. Conclusion: The Future of Trade Finance in the Energy Transition As the global energy transition accelerates, trade finance will continue to evolve, adapting to new risks, opportunities, and sustainability requirements.