Rabobank

Scout Clean Energy Closes $100 Million Equipment Supply Loan

Retrieved on: 
måndag, maj 6, 2024

BOULDER, Colo., May 6, 2024 /PRNewswire/ -- Scout Clean Energy, a Colorado-based renewable energy developer, owner, and operator, is pleased to announce the closing of a $100 million equipment supply loan (ESL) with Rabobank. The facility will be used to fund Scout equipment down payments. Scout is a portfolio company managed by Brookfield Asset Management, a global leader of renewable power and decarbonization solutions.

Key Points: 
  • BOULDER, Colo., May 6, 2024 /PRNewswire/ -- Scout Clean Energy, a Colorado-based renewable energy developer, owner, and operator, is pleased to announce the closing of a $100 million equipment supply loan (ESL) with Rabobank.
  • Scout intends to upsize the facility to $200 million and bring in additional banks later in the year to continue to secure equipment supply for Scout's near-term advanced stage pipeline of wind, solar and storage projects.
  • "This financing marks the continued maturation of Scout Clean Energy as a leading fully integrated renewables IPP," said John Clapp, chief financial officer at Scout Clean Energy.
  • "Rabobank is pleased to finance Scout's renewable energy equipment supply," said Claus Hertel, managing director of project finance at Rabobank Wholesale Banking North America.

Energy Transitions Commission (ETC) Urges Government and Industry Collaboration to Overcome Perceptions of Offshore Wind Energy 'in Crisis'

Retrieved on: 
torsdag, maj 2, 2024

The ETC's membership includes offshore wind industry players: bp, Iberdrola, Octopus Energy, Petronas, Shell, SSE, and Vattenfall.

Key Points: 
  • The ETC's membership includes offshore wind industry players: bp, Iberdrola, Octopus Energy, Petronas, Shell, SSE, and Vattenfall.
  • But in 2022-2023, inflation, supply chain bottlenecks, and higher interest rates led to rising offshore wind costs in some markets.
  • A perceived offshore wind "crisis" ensued, in the UK and US markets in particular, as many projects and contracts were cancelled.
  • – Agustín Delgado, Chief Innovation and Sustainability Officer, Iberdrola
    Overcoming Turbulence in the Offshore Wind Sector has been developed in collaboration with ETC members from across industry, financial institutions, and environmental advocacy.

Energy Transitions Commission (ETC) Urges Government and Industry Collaboration to Overcome Perceptions of Offshore Wind Energy 'in Crisis'

Retrieved on: 
torsdag, maj 2, 2024

The ETC's membership includes offshore wind industry players: bp, Iberdrola, Octopus Energy, Petronas, Shell, SSE, and Vattenfall.

Key Points: 
  • The ETC's membership includes offshore wind industry players: bp, Iberdrola, Octopus Energy, Petronas, Shell, SSE, and Vattenfall.
  • But in 2022-2023, inflation, supply chain bottlenecks, and higher interest rates led to rising offshore wind costs in some markets.
  • A perceived offshore wind "crisis" ensued, in the UK and US markets in particular, as many projects and contracts were cancelled.
  • – Agustín Delgado, Chief Innovation and Sustainability Officer, Iberdrola
    Overcoming Turbulence in the Offshore Wind Sector has been developed in collaboration with ETC members from across industry, financial institutions, and environmental advocacy.

First Northern Bank Hires Seasoned Banker as Chief Credit Officer

Retrieved on: 
torsdag, april 4, 2024

First Northern Bank (OTCQX: FNRN), the region’s #1 local small business lender, proudly announces the appointment of Brett Hamilton as its new Executive Vice President and Chief Credit Officer.

Key Points: 
  • First Northern Bank (OTCQX: FNRN), the region’s #1 local small business lender, proudly announces the appointment of Brett Hamilton as its new Executive Vice President and Chief Credit Officer.
  • Retiring Chief Credit Officer, Joe Danelson, will serve as Executive Vice President until April 5, 2024, to ensure a smooth transition and continuity of operations.
  • View the full release here: https://www.businesswire.com/news/home/20240403796876/en/
    Brett Hamilton, Executive Vice President and Chief Credit Officer (Photo: Business Wire)
    With more than 25 years of experience in the banking industry, Hamilton brings a vast background and expertise in credit risk strategies, portfolio management, and regulatory relations.
  • As the Chief Credit Officer, he will oversee the quality and diversity of the credit portfolio, and have responsibility for ensuring compliance with regulatory requirements, and optimizing risk management practices at the Bank.

Primergy Secures $588M in Project Financing and Power Purchase Agreement with Microsoft for 408 MW Solar Project in Texas

Retrieved on: 
måndag, mars 11, 2024

Primergy Solar LLC (‘Primergy’), a leading developer, owner, and operator of utility-scale solar and storage projects, announced today that it closed commitments for $588 million in debt financing for the 408 MWac Ash Creek Solar project in Hill County, Texas.

Key Points: 
  • Primergy Solar LLC (‘Primergy’), a leading developer, owner, and operator of utility-scale solar and storage projects, announced today that it closed commitments for $588 million in debt financing for the 408 MWac Ash Creek Solar project in Hill County, Texas.
  • The company also signed a long-term power purchase agreement with Microsoft for the full capacity of the plant.
  • Once completed, the project is expected to generate enough carbon-free energy to power the equivalent of approximately 90,000 homes per year.
  • The Ash Creek Solar project debt financing includes a construction loan, tax credit transfer bridge loan, and related letters of credit.

Bruynzeel secures its largest contract to equip The National Archives of Sweden

Retrieved on: 
onsdag, mars 20, 2024

PANNINGEN, The Netherlands and HÄRNÖSAND, Sweden, March 20, 2024 /PRNewswire/ -- Bruynzeel Storage Systems has received the largest order in its history to provide mobile storage solutions for the National Archives of Sweden.

Key Points: 
  • PANNINGEN, The Netherlands and HÄRNÖSAND, Sweden, March 20, 2024 /PRNewswire/ -- Bruynzeel Storage Systems has received the largest order in its history to provide mobile storage solutions for the National Archives of Sweden.
  • The new building will not only give the National Archives more space, but it will also contribute to greater sustainability, with Bruynzeel's solution.
  • The National Archives of Sweden originated in 1618 and keeps crucial records of the regional and national government, the legal system and the education system.
  • Alexander Collot d'Escury, CEO of Bruynzeel Storage Systems, said: "We are extremely proud that the management of the National Archives of Sweden has chosen Bruynzeel for the storage of its important documents.

Bruynzeel secures its largest contract to equip The National Archives of Sweden

Retrieved on: 
onsdag, mars 20, 2024

PANNINGEN, The Netherlands and HÄRNÖSAND, Sweden, March 20, 2024 /PRNewswire/ -- Bruynzeel Storage Systems has received the largest order in its history to provide mobile storage solutions for the National Archives of Sweden.

Key Points: 
  • PANNINGEN, The Netherlands and HÄRNÖSAND, Sweden, March 20, 2024 /PRNewswire/ -- Bruynzeel Storage Systems has received the largest order in its history to provide mobile storage solutions for the National Archives of Sweden.
  • The new building will not only give the National Archives more space, but it will also contribute to greater sustainability, with Bruynzeel's solution.
  • The National Archives of Sweden originated in 1618 and keeps crucial records of the regional and national government, the legal system and the education system.
  • Alexander Collot d'Escury, CEO of Bruynzeel Storage Systems, said: "We are extremely proud that the management of the National Archives of Sweden has chosen Bruynzeel for the storage of its important documents.

Business as usual: bank climate commitments, lending, and engagement

Retrieved on: 
tisdag, april 2, 2024
Smoke, Carbon, Pillar, Worldwide, BPER, Employment, Disclosure, Economic methodology, LEI, Research Papers in Economics, CGD, Ibercaja Banco, Fossil, Mediobanca, Policy, UNEP, Crédit Mutuel, BBVA, Columbia Business School, Pari, Corporate finance, NBER, Principle, Agriculture, Société Générale, Insurance, Allied Irish Banks, Medical classification, Aluminium, Becker, Feedback, Central bank, Triodos Bank, Target, Prosocial behavior, Journal of Financial Economics, European Parliament, MIT, R2, Website, Behavior, Poisson, Human, UN, Climate, Crédit Agricole, United Nations, Transport, Coal mining, Syndicated loan, Investment, ABN AMRO, Politics, BSI, OLS, PDF, ECB, Unemployment, Econometrics, Ambition, Clutch (eggs), IEA, Social science, Engagement, JEL, Climate change, Risk management, Yb, Bias, Abanca, Research, Classification, UniCredit, A.5, NZIA, Divestment, Literature, IPCC, European Central Bank, AA, Geography, Natural gas, Green lending, Metal, The Borrowers, Elasticity, Stanford Social Innovation Review, Steven M. Greer, BMPS, Finance, Risk, Single, CaixaBank, PPML, BNP Paribas, European, Money, NLB Group, La Banque postale, Corporate welfare, Paris Agreement, A.2, ROW, OECD, Fraud, Coal, Frustration, Iron, Commerzbank, Bank of Åland, COP, Comparison, Overalls, All, Temperature, Banca Ifis, Conference, Pressure, Steel, International Energy Agency, United, Alpha Bank, Interest, SSRN, Justice, AAA, Deutsche Bank, Crawford, Science Based Targets initiative, GFANZ, Quarterly Journal, Rabobank, Hirschman, Effect, Carbon Disclosure Project, ESG, MSCI, Support, NZBA, Sierra Club, Map, Taxonomy, Q50, Banco Sabadell, Financial Times, Banco BPM, BPCE, Reproduction, Erste Group, Data, G21, Interval (mathematics), Cardboard

Key Points: 

    EQS-News: ENCAVIS successfully signed project refinancing agreements for Spanish solar parks Talayuela & La Cabrera of EUR 203 million

    Retrieved on: 
    onsdag, mars 13, 2024

    Hamburg, 7th March 2024 – Hamburg-based wind and solar park operator Encavis AG, listed on the MDAX of Deutsche Börse AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) has signed two non-recourse project refinancing agreements in a total amount of EUR 203 million for its operating solar plants Talayuela and La Cabrera, Spain.

    Key Points: 
    • Hamburg, 7th March 2024 – Hamburg-based wind and solar park operator Encavis AG, listed on the MDAX of Deutsche Börse AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) has signed two non-recourse project refinancing agreements in a total amount of EUR 203 million for its operating solar plants Talayuela and La Cabrera, Spain.
    • Both refinancing transactions have been structured, arranged, and managed by ENCAVIS' inhouse Project Finance team.
    • While ABN AMRO, Rabobank and Bankinter are financing partners of ENCAVIS for years, NatWest provides project financing to ENCAVIS for the first time.
    • In total, the refinancing includes EUR 181.5 million Term Loan Facilities (hedged by interest rate swaps), as well as EUR 13 million Letter of Credit Facilities and EUR 8.5 million Debt Service Reserve Facilities.

    AGCO Reports Fourth Quarter and Full Year Results

    Retrieved on: 
    tisdag, februari 6, 2024

    Net sales in the South American region increased 2.6% for the full year of 2023 compared to 2022, excluding the impact of favorable currency translation, despite significant declines in the fourth quarter.

    Key Points: 
    • Net sales in the South American region increased 2.6% for the full year of 2023 compared to 2022, excluding the impact of favorable currency translation, despite significant declines in the fourth quarter.
    • Despite significant discounting in the fourth quarter, income from operations for the full year of 2023 increased by $12.5 million compared to 2022.
    • Positive pricing and increased sales of mid-range and high-horsepower tractors as well as replacement parts produced most of the growth.
    • The following are among the factors that could cause actual results to differ materially from the results discussed in or implied by the forward-looking statements.