KfW

VENTURE GLOBAL ANNOUNCES FINAL INVESTMENT DECISION AND FINANCIAL CLOSE FOR PHASE TWO OF PLAQUEMINES LNG

Retrieved on: 
Monday, March 13, 2023
Slate, Bank of America, Marketing, KfW IPEX-Bank, FERC, ExxonMobil, J. P. Morgan, JPMorgan Chase, U.S. Department of Defense Strategy for Operating in Cyberspace, EnBW, U.S. Department of Energy, Office of Inspector General, Special Protection Area, LLP, DZ Bank, Phase II, Scotiabank, Skadden, Arps, Slate, Meagher & Flom, National Bank of Canada, Bank, KfW, Banco Santander, Wes Edens, Bank of China, ING, Goldman Sachs, National bank, FID, Wells Fargo, LBBW, MUFG, PETRONAS, Deutsche Bank, INPEX, China Gas, Latham & Watkins, Sumitomo Mitsui Banking Corporation, CP2, BBVA, Natural gas, LNG

Plaquemines Phase Two is the first project to take FID in 2023 and is expected to be the next new LNG capacity in North America.

Key Points: 
  • Plaquemines Phase Two is the first project to take FID in 2023 and is expected to be the next new LNG capacity in North America.
  • ARLINGTON, Va., March 13, 2023 /PRNewswire/ -- Today Venture Global LNG is announcing a final investment decision (FID) and successful closing of the $7.8 billion project financing for the second phase of the Plaquemines LNG facility.
  • Today, the company also issued a full notice to proceed to KZJV to continue construction on phase two of Plaquemines LNG.
  • "Venture Global is proud to announce a positive Final Investment Decision (FID) for phase two of Plaquemines LNG, less than 10 months after sanctioning phase one," said Mike Sabel, CEO of Venture Global LNG.

VENTURE GLOBAL ANNOUNCES FINAL INVESTMENT DECISION AND FINANCIAL CLOSE FOR PHASE TWO OF PLAQUEMINES LNG

Retrieved on: 
Monday, March 13, 2023
Slate, Bank of America, Marketing, KfW IPEX-Bank, FERC, ExxonMobil, J. P. Morgan, JPMorgan Chase, U.S. Department of Defense Strategy for Operating in Cyberspace, EnBW, U.S. Department of Energy, Office of Inspector General, Special Protection Area, LLP, DZ Bank, Phase II, Scotiabank, Skadden, Arps, Slate, Meagher & Flom, National Bank of Canada, Bank, KfW, Banco Santander, Wes Edens, Bank of China, ING, Goldman Sachs, National bank, FID, Wells Fargo, LBBW, MUFG, PETRONAS, Deutsche Bank, INPEX, China Gas, Latham & Watkins, Sumitomo Mitsui Banking Corporation, CP2, BBVA, Natural gas, LNG

Plaquemines Phase Two is the first project to take FID in 2023 and is expected to be the next new LNG capacity in North America.

Key Points: 
  • Plaquemines Phase Two is the first project to take FID in 2023 and is expected to be the next new LNG capacity in North America.
  • ARLINGTON, Va., March 13, 2023 /PRNewswire/ -- Today Venture Global LNG is announcing a final investment decision (FID) and successful closing of the $7.8 billion project financing for the second phase of the Plaquemines LNG facility.
  • Today, the company also issued a full notice to proceed to KZJV to continue construction on phase two of Plaquemines LNG.
  • "Venture Global is proud to announce a positive Final Investment Decision (FID) for phase two of Plaquemines LNG, less than 10 months after sanctioning phase one," said Mike Sabel, CEO of Venture Global LNG.

EQS-News: TESVOLT invests around EUR 60 million in new Gigafactory in Lutherstadt Wittenberg

Retrieved on: 
Wednesday, February 22, 2023
Investment, EUR, Research, Atmosphere, Electricity, Glass, KfW, Relaxation, Communication, Investitionsbank Berlin, Software, R, Gigafactory, Renewable energy

Lutherstadt Wittenberg, 14 February 2023 – TESVOLT AG, one of the technology leaders for energy storage in the commercial and industrial sectors, is planning to build a new Gigafactory at its headquarters in Lutherstadt Wittenberg, Germany.

Key Points: 
  • Lutherstadt Wittenberg, 14 February 2023 – TESVOLT AG, one of the technology leaders for energy storage in the commercial and industrial sectors, is planning to build a new Gigafactory at its headquarters in Lutherstadt Wittenberg, Germany.
  • The aim is for the carbon-neutral facility to ultimately reach a production capacity of up to four gigawatt hours per year.
  • TESVOLT is investing around EUR 60 million in the construction of the two new buildings and the renovation of existing facilities.
  • The company is expecting to be eligible for subsidies of up to EUR 12 million through the Investitionsbank Sachsen-Anhalt.

TriLinc Provides New Capital to Six Small and Medium-sized Enterprises With Part of the $50 Million Funding From BlueOrchard Impact Investment Managers and KfW DEG Investment Group

Retrieved on: 
Wednesday, January 25, 2023
Finance, Socially Responsible Investing, Environmental, Social and Governance (ESG), Professional Services, Small Business, Development, Investment, SME, KfW, Education, Partnership, World Bank, Bank

The December funding consisted of $25 million from Luxembourg-based BlueOrchard, who previously provided financing to other TriLinc Global-sponsored funds, and $25 million from the Cologne- based investment group KfW DEG.

Key Points: 
  • The December funding consisted of $25 million from Luxembourg-based BlueOrchard, who previously provided financing to other TriLinc Global-sponsored funds, and $25 million from the Cologne- based investment group KfW DEG.
  • BlueOrchard previously provided capital to two funds sponsored by TriLinc Global, LLC (“TriLinc Global”), the sponsor of TGIF, for a combined total of $43 million.
  • This new capital for TGIF will be dedicated to financing growth-stage, small and medium-sized enterprises (“SMEs”) primarily in select developing economies.
  • KfW DEG and BlueOrchard have added $50 million to the funding TGIF can lend to SMEs in emerging markets.

EQS-News: Cureus looks back on a successful Q4/2022 and remains fit for 2023

Retrieved on: 
Sunday, January 22, 2023
ESG, Architecture, Sustainalytics, CFO, Risk, Sale, Growth, Interior, KfW, Hair, Maintenance, EUR, Environment, Flood, Christmas, Respite care, Caregiver, Renewable energy, Health insurance, Hospital, Cureus

Cureus, an integrated property company that specialises in developing and actively managing its own care home portfolio, has enjoyed a successful end to the 2022 financial year.

Key Points: 
  • Cureus, an integrated property company that specialises in developing and actively managing its own care home portfolio, has enjoyed a successful end to the 2022 financial year.
  • Nevertheless, the continued commitment and confidence of our key partners validates our strategy and encourages us to pursue our objectives.
  • All Cureus new-build properties are designed and built in accordance with the Cureus standard for system care homes.
  • The constant review and optimisation of the Cureus system care home standard guarantees the construction of care homes that truly meet demand.

The safe asset potential of EU-issued bonds

Retrieved on: 
Saturday, January 21, 2023
Commission, Directorate, S, RESEARCH, European Central Bank, GDP, European Commission, Central bank, American Economic Review, Safety, Chart, Treasury, Cologne Institute for Economic Research, Time, AA, National Bureau of Asian Research, SURE, Unemployment, Royal commission, Financial management, Private sector, Employment, ECB, Volume, Policy, Journal of Monetary Economics, Support to mitigate unemployment risks in an emergency, Economy, Coronavirus, AAA, National Bureau of Economic Research, COVID-19, NGEU, Credit, Aggression, Attention, Monetary economics, Generation, KfW, Union, Financial economics, United States Treasury security, Public sector, Perception, Leonello d'Este, Marquis of Ferrara, Bank, Security (finance), Textile, Journal, Risk, Daniel Schwaab, Markus Brunnermeier, Eurosystem, Greif, EU

The lack of euro-denominated safe assets and the fragmentation of the market are problematic.

Key Points: 
  • The lack of euro-denominated safe assets and the fragmentation of the market are problematic.
  • In the absence of a supranational euro-denominated safe asset, a flight to safety would entail capital flowing out of vulnerable countries and into safe havens.
  • Both initiatives were proposed in the context of the EU’s response to the recession in the wake of the coronavirus (COVID-19) pandemic.
  • As of December 2021, the amount of outstanding EU bonds had grown to €215 billion in total.
  • The first SURE bonds were issued in October 2020, while the first NGEU bonds were issued in June 2021.
  • By 2028 NGEU volumes are foreseen to reach €800 billion, more than twelve times the level in December 2021.
  • Including the approved funding for other smaller programmes, the total available amount of EU bonds is set to exceed €1 trillion by 2028.
  • This stability of EU yield spreads does not mean that EU bonds will automatically become a supranational euro-denominated safe asset.
  • A safe asset is traded in liquid markets.
  • Market liquidity ensures that investors can sell their asset at any time without causing a major change in the market price.
  • (2022) we also argue that a safe asset’s market liquidity should be sufficiently high to accommodate central banks’ monetary policy operations.
  • Finally, the perception of EU bonds as safe assets also hinges on the continuation of their favourable regulatory treatment.
  • For such an instrument to be viable, a deep and liquid repo market would need to evolve first.

TUI AG: Agreement with the German Economic Stabilization Fund on repayment of stabilization measures & their refinancing by means of a capital increase following implementation of a capital reduction

Retrieved on: 
Sunday, December 18, 2022
European Commission, Participation, Annual general meeting, Article, Silent, Management, Warrant, Capital, KfW, WSF, ISIN, MAR, Exercise, Calendar, EUR, Authorization, Supervisory board, Articles of association, TUI, Annual, Royal commission, German Economic Commission, Repayment plan, Security (finance), Bank, EU

Today, the Executive Board of TUI AG ("Company"; ISIN DE000TUAG000 (voting and dividend-bearing shares), ISIN DE000TUAG331 (voting shares only)) has, with the consent of the Supervisory Board, concluded an agreement with the German Economic Stabilization Fund (“WSF”) on the repayment of stabilization measures (“Repayment Agreement”).

Key Points: 
  • Today, the Executive Board of TUI AG ("Company"; ISIN DE000TUAG000 (voting and dividend-bearing shares), ISIN DE000TUAG331 (voting shares only)) has, with the consent of the Supervisory Board, concluded an agreement with the German Economic Stabilization Fund (“WSF”) on the repayment of stabilization measures (“Repayment Agreement”).
  • In addition, the Repayment Agreement regulates the implementation of capital measures for the purpose of refinancing the aforementioned measures.
  • The Company is obliged to exercise its repayment and repurchase right under the Repayment Agreement in the event of successful completion of the Refinancing Capital Increase referred to below.
  • The proceeds from this Refinancing Capital Increase shall be used primarily for a full repayment of Silent Participation I and a repurchase of the Warrant Bond and the Warrants.

Arqit and Traxpay sign contract to deliver more efficient, secure trade finance

Retrieved on: 
Tuesday, December 13, 2022
Movement, Deutsche Bank, KfW IPEX-Bank, Software, KfW, DZ Bank, Legislation, Innovation, LBBW, Supply, Platform, Partnership, Cryptocurrency

The digitisation of global trade, until recently reliant on paper-based processes, opens up a potential $17 trillion global market for supply chain finance enabling faster, cheaper and simpler movement of goods across borders.

Key Points: 
  • The digitisation of global trade, until recently reliant on paper-based processes, opens up a potential $17 trillion global market for supply chain finance enabling faster, cheaper and simpler movement of goods across borders.
  • The emergence of quantum computers and ‘Harvest Now, Decrypt Later’ attacks further compound these risks, highlighting the need for quantum-safe digital finance instruments.
  • This greatly enhances both access to trade finance and supply chain efficiencies, with faster transaction times, eliminated costs and provably secure transferability of digital finance assets.
  • Provably quantum-safe digital finance instruments are needed to maintain confidence in digital trade platforms and to defend against threats from both classical and quantum computers.

Arqit and Traxpay sign contract to deliver more efficient, secure trade finance

Retrieved on: 
Monday, December 12, 2022
Movement, Deutsche Bank, KfW IPEX-Bank, Software, Financial Times and McKinsey Business Book of the Year Award, KfW, UK National Quantum Technologies Programme, DZ Bank, Legislation, Innovation, LBBW, Supply, University of Surrey, Platform, Security, University, Partnership, Cryptocurrency

The digitisation of global trade, until recently reliant on paper-based processes, opens up a potential $17 trillion global market for supply chain finance enabling faster, cheaper and simpler movement of goods across borders.

Key Points: 
  • The digitisation of global trade, until recently reliant on paper-based processes, opens up a potential $17 trillion global market for supply chain finance enabling faster, cheaper and simpler movement of goods across borders.
  • The emergence of quantum computers and ‘Harvest Now, Decrypt Later’ attacks further compound these risks, highlighting the need for quantum-safe digital finance instruments.
  • This greatly enhances both access to trade finance and supply chain efficiencies, with faster transaction times, eliminated costs and provably secure transferability of digital finance assets.
  • Provably quantum-safe digital finance instruments are needed to maintain confidence in digital trade platforms and to defend against threats from both classical and quantum computers.

Arqit announces QuantumCloud™ powered by AWS

Retrieved on: 
Friday, December 9, 2022
Artificial intelligence, Annual report, AR, Deutsche Bank, KfW IPEX-Bank, Augmented reality, Communication, AWS, IOT, KfW, DZ Bank, Risk, Internet of things, Machine learning, LBBW, Supply, Amazon Web Services, VR, Form, Risk management

Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs.

Key Points: 
  • Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs.
  • To learn more about AWS, visit aws.amazon.com .
  • New uncertainties and risks arise from time to time, and it is impossible for Arqit to predict these events or how they may affect it.
  • Unlisted factors may present significant additional obstacles to the realisation of forward-looking statements.