Export Development Canada

EDC opens borders for exporters and investors in Indonesia

Retrieved on: 
Tuesday, September 5, 2023
Indo-Pacific, Insurance, Trade, Canada's Global Markets Action Plan, Face, GDP, Economic development, Knowledge, Export Development Canada, International trade, EDC, Renewable energy, Oil

OTTAWA, Sept. 05, 2023 (GLOBE NEWSWIRE) -- To help Canadian exporters and investors take advantage of the vast potential within the Indo-Pacific region, Export Development Canada (EDC) is opening a representation office in Jakarta, Indonesia on Sept. 25.

Key Points: 
  • OTTAWA, Sept. 05, 2023 (GLOBE NEWSWIRE) -- To help Canadian exporters and investors take advantage of the vast potential within the Indo-Pacific region, Export Development Canada (EDC) is opening a representation office in Jakarta, Indonesia on Sept. 25.
  • It is one of the fastest-growing economies in the world, with demand to match, creating sizeable and diverse opportunities for Canadian exporters,” said Mairead Lavery, President and CEO, EDC.
  • Together, these offerings and capabilities will help Canadian companies and investors get a seat at the table and do business.
  • “Indonesia has cemented its status as a top emerging market for exporters and investors,” says George Monize, Vice President, Indo-Pacific.

Bridgit introduces workforce planning for preconstruction teams

Retrieved on: 
Thursday, August 24, 2023
Other Construction & Property, Data Management, Technology, Construction & Property, Software, Storm, IAF, Canada, Workforce, Construction, CAD, BDC, Gantt chart, Salesforce, Export Development Canada, Woman, Power Construction Corporation of China, Management, Autodesk

Bridgit, the industry leader in construction workforce planning technology, announced the introduction of its Preconstruction Module for Bridgit Bench .

Key Points: 
  • Bridgit, the industry leader in construction workforce planning technology, announced the introduction of its Preconstruction Module for Bridgit Bench .
  • The Preconstruction Module brings a new level of ease and flexibility to workforce planning for preconstruction teams, giving preconstruction managers a clear line of sight into the estimating, budgeting, and bidding tasks their preconstruction team has been assigned to.
  • By incorporating preconstruction team planning into Bridgit Bench, company leaders also gain an instant overview of their people, how preconstruction tasks are progressing, and their overall utilization rate.
  • "This Precon Module is the first of its kind - workforce planning exclusively for preconstruction teams," says the CEO of Bridgit, Mallorie Brodie.

INVENERGY-LED CONSORTIUM COMPLETES PURCHASE OF AMERICAN ELECTRIC POWER'S UNREGULATED RENEWABLES PORTFOLIO

Retrieved on: 
Wednesday, August 16, 2023
Private, Sustainable finance, Canada, Partnership, Financial adviser, American Electric Power, Sabadell, AEP, Bayerische Landesbank, PTC, Invenergy, Banco Sabadell, IRA, CaixaBank, CDPQ, Wind, Blackstone, Banc of America Securities (1998–2008), Inflation, Transferability, Bank of America, Acquisition, NatWest, CFO, Growth, Inflation Reduction Act of 2022, Bank, Export Development Canada, MetLife, Norddeutsche Landesbank, ICBC, MetLife Inc. v. Financial Stability Oversight Council, Renewable energy, S.A

CHICAGO, Aug. 16, 2023 /PRNewswire/ -- Invenergy, the leading privately held developer, owner, and operator of sustainable energy solutions, today announced IRG Acquisition Holdings (IRGAH), a partnership between Invenergy, CDPQ and funds managed by Blackstone Infrastructure Partners (Blackstone), has closed on the acquisition of American Electric Power's (AEP) 1,365-megawatt (MW) unregulated, contracted renewables portfolio for $1.5 billion enterprise value.

Key Points: 
  • "Invenergy has industry-leading operations and asset management capabilities, and we look forward to applying our unmatched expertise to this portfolio of projects."
  • The portfolio, the largest ever acquisition for American-led Invenergy, includes 14 projects in 11 states and is comprised of 1,200 MW of wind generation and 165 MW of solar projects.
  • The renewable power generated by these projects is contracted under long-term agreements with various utilities, corporations, and municipalities.
  • "We are excited to support this transaction with Invenergy and their partners in IRG Acquisition Holdings.

Natixis Corporate & Investment Banking leads financing for $1.5 billion sustainability-linked revolving credit facility for Invenergy Renewables Operating I LLC

Retrieved on: 
Wednesday, August 2, 2023
HSBC Bank, Investment banking, Scotiabank, Senior, Banco Santander, Parent, Safety, Desjardins Group, Bank of Montreal, Health, GHG, National bank, Invenergy, Canadian Imperial Bank of Commerce, CDPQ, Energy transition, National Australia Bank, Blackstone, HSBC Bank USA, BNP Paribas, Société Générale, Lead arranger, Natural Resources, Bank, Natixis, NatWest, Rabobank, Export Development Canada, National Association, MUFG Bank, National Bank of Canada, Commerce, Renewable energy, S.A

NEW YORK, Aug. 2, 2023 /PRNewswire/ -- Natixis Corporate & Investment Banking (Natixis CIB) has closed a $1.5 billion sustainability-linked revolving credit facility to support Invenergy Renewables Operating I LLC (IROI) and its parents' growing project development pipeline.

Key Points: 
  • NEW YORK, Aug. 2, 2023 /PRNewswire/ -- Natixis Corporate & Investment Banking (Natixis CIB) has closed a $1.5 billion sustainability-linked revolving credit facility to support Invenergy Renewables Operating I LLC (IROI) and its parents' growing project development pipeline.
  • "Natixis CIB is excited to deliver this landmark financing to a preeminent renewable developer such as Invenergy.
  • The successful refinance and upsize of the corporate facility adds another important milestone to Natixis CIB's longstanding relationship with Invenergy, as well as its investment partners – Blackstone and CDPQ.
  • Natixis CIB was proud to partner with the excellent team at Invenergy and an outstanding bank group to deliver this landmark financing.

Niricson raises over $10M CAD in Series A to lead the digital revolution in infrastructure condition assessment and risk management

Retrieved on: 
Wednesday, August 2, 2023
Canada, Maintenance, Software as a service, Catastrophic failure, 2007 San Francisco International Airport runway incursion, CAD, Acoustics, Machine learning, Acceleration, Head, Algorithm, Sustainable Development Technology Canada, Growth, AI, Export Development Canada, Robotics, Bentley Systems, Asset management, Risk management, Tunnel, Techstars

Niricson- a pioneer in the digitization of critical infrastructure assets- making them ideal for asset owners of key structures such as hydro dams, bridges, runways, ports, and other civil assets.

Key Points: 
  • Niricson- a pioneer in the digitization of critical infrastructure assets- making them ideal for asset owners of key structures such as hydro dams, bridges, runways, ports, and other civil assets.
  • This helps asset managers minimizing the potential risks associated with a catastrophic failure event and optimize resource allocations for the current condition of their assets.
  • "We are now serving more than 20 large customers owning dams, bridges, runways, and other critical assets globally.
  • With our series A raise complete, we now stand ready to drive even greater value for stakeholders while accelerating responsible growth throughout the globe.

NFI provides update on its comprehensive refinancing plan, including the finalization of indicative terms for a $200 million second lien financing, and announces preliminary second quarter 2023 results

Retrieved on: 
Tuesday, July 25, 2023
John J. Moran Medium Security Facility, Export Development Canada, Element, Documentation, Analysis, OTC, Webcast, TSX, Growth, Adjustment, NFI, Commercial property, Security (finance), Satellite navigation device

The Company expects to concurrently close all elements of the Refinancing Plan prior to August 31, 2023 (previously August 2, 2023).

Key Points: 
  • The Company expects to concurrently close all elements of the Refinancing Plan prior to August 31, 2023 (previously August 2, 2023).
  • NFI anticipates that it will receive the requested relief prior to July 31, 2023.
  • To provide the necessary time to finalize its financial results, NFI has changed the planned release of its second quarter 2023 results from August 2, 2023, to August 16, 2023.
  • NFI will release its second quarter 2023 financial results on Wednesday, August 16, 2023, prior to market open.

CCC, Groupe Helios deliver first 200 apartments in Dominican Republic

Retrieved on: 
Monday, July 24, 2023
JPMorgan Chase, Quality of life, G2G, Government, CCC, Export Development Canada, Health, EDC, Oil, Helios

The ceremony was attended by the President of Dominican Republic Luis Abinader, the Director of CAASD Felipe Suberví, the Canadian Chargé d’affaires in the Dominican Republic Collin Holditch, the VP of Operations of CCC Diane Montambault, and the Chairman of the Board of Groupe Helios Jean-Pierre Azzopardi.

Key Points: 
  • The ceremony was attended by the President of Dominican Republic Luis Abinader, the Director of CAASD Felipe Suberví, the Canadian Chargé d’affaires in the Dominican Republic Collin Holditch, the VP of Operations of CCC Diane Montambault, and the Chairman of the Board of Groupe Helios Jean-Pierre Azzopardi.
  • Groupe Helios secured a USD $50M G2G contract to deliver the 1st stage of phase 2 of the Guajimía project through the joint effort of CCC and Canada’s Trade Commissioner Service .
  • In addition to the 200 completed apartments, Groupe Helios is delivering another 144 apartments on a different site.
  • “Groupe Helios is pleased to have delivered the key milestone of 200 completed apartments as planned under the current phase of Guajimia project and stands ready to deliver the next phases of the project.” Jean-Pierre Azzopardi, Chairman of the Board Groupe Helios.

EDC Announces 2023 Scholarship Recipients

Retrieved on: 
Thursday, July 13, 2023
Learning, Bachelor, University, ERG, Community, Western University, Sport management, Business administration, Hope, Politics, Student, PPE, International business, Management, Export Development Canada, Erg, EDC, Sport, Economics, Philosophy

OTTAWA, July 13, 2023 (GLOBE NEWSWIRE) -- Export Development Canada (EDC) is pleased to announce the recipients of its 2023 Youth Education Program scholarships.

Key Points: 
  • OTTAWA, July 13, 2023 (GLOBE NEWSWIRE) -- Export Development Canada (EDC) is pleased to announce the recipients of its 2023 Youth Education Program scholarships.
  • Twenty students received the International Business Scholarship, and for the first time, seven new Community Leadership Scholarships were awarded to students from equity-seeking communities.
  • In addition to strong academic standing, these recipients are dedicated to advancing and supporting their communities through extra-curricular and volunteer initiatives.
  • These scholarship recipients represent the next generation who will shape Canada’s economy.

Bridgit Launches Functionality to Help Specialty and Self-Performing Contractors Manage Their People More Effectively

Retrieved on: 
Tuesday, July 11, 2023
Construction & Property, Finance, Data Management, Professional Services, Technology, Other Construction & Property, Other Technology, Residential Building & Real Estate, IAF, Canada, Workforce, Communication, ENR, Construction, CAD, BDC, Multimedia, Entrepreneurship, Salesforce, Export Development Canada, Human resource management, Woman, Bench, Autodesk

View the full release here: https://www.businesswire.com/news/home/20230711755674/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230711755674/en/
    Bridgit launches functionality to help specialty and self-performing contractors manage their people more effectively.
  • (Graphic: Business Wire)
    The new functionality helps contractors to schedule, track, and shift their field and craft workforce more effectively while providing a unified platform to manage all of their people.
  • Functionality that better supports field teams empowers contractors to manage both their project admins and field teams with ease, flexibility, and accuracy.
  • “By directly incorporating feedback from specialty contractors into Bridgit Bench, we’re better equipped to help them create a central foundation for strategic workforce and pipeline planning."

RS Announces Completion of Credit Facilities as Global Demand Surges

Retrieved on: 
Monday, July 10, 2023
Engineering, Other Energy, Utilities, Manufacturing, Energy, Other Manufacturing, Gulf Coast of the United States, Bank of Montreal, Plant, RS, Bank, Export Development Canada, Toronto-Dominion Bank, J. P. Morgan, Renewable energy

The financing will fund further expansion plans as demand for the Company’s composite utility solutions continues to grow.

Key Points: 
  • The financing will fund further expansion plans as demand for the Company’s composite utility solutions continues to grow.
  • “Electric utility companies are seeking to ensure reliability for their customers by enhancing their grid infrastructure,” said George Kirby, CEO of RS.
  • RS currently operates out of two plants in Ontario, Canada and St. George, Utah, and recently announced expansion into Houston, Texas, to serve increasing demand across the Gulf Coast and Southeast United States.
  • “We look forward to supporting RS as they continue to expand and provide advanced solutions to the challenges facing the electric utility industry.”