UK Government Investments

High-profile lawyer Josh Siaw MBE ranked 6th most influential Black Briton

Retrieved on: 
Friday, October 27, 2023

LONDON, Oct. 27, 2023 /PRNewswire/ -- Josh Siaw MBE, Partner at White & Case LLP and co-chair of the UK Government's Africa Investors Group (AIG), is today recognised as the sixth most influential black person in the UK, and the most influential black person in the legal sector, by The Powerlist 2024 – the annual list of the 100 most powerful people of African and African Caribbean heritage in Britain.

Key Points: 
  • Josh is a leading figure in UK-Africa business and in facilitating the development of Africa's economies.
  • Speaking of his ranking in The Powerlist 2024, Josh said: "It is a privilege to have been ranked sixth by The Powerlist.
  • Josh is playing a key role in the UK Prime Minister's upcoming Africa Investment Summit, which will take place in London in 2024.
  • Outside of work, Josh recently established the Siaw Foundation, through which he provides academic scholarships and mentoring to students from disadvantaged backgrounds across the UK and Africa.

Quinbrook Oversubscribed for Renewables Impact Fund

Retrieved on: 
Monday, October 2, 2023

Quinbrook Infrastructure Partners ("Quinbrook"), a specialist investment manager focused exclusively on the infrastructure needed to deliver the energy transition, has held a final close of the UK focused Quinbrook Renewables Impact Fund (“QRIF”, or the “Fund”).

Key Points: 
  • Quinbrook Infrastructure Partners ("Quinbrook"), a specialist investment manager focused exclusively on the infrastructure needed to deliver the energy transition, has held a final close of the UK focused Quinbrook Renewables Impact Fund (“QRIF”, or the “Fund”).
  • Quinbrook raised GBP 620 million of investor commitments to QRIF’s strategy, substantially exceeding the QRIF’s initial GBP 500 million target.
  • “Select UK power infrastructure assets can have valuable diversifier benefits to portfolio investments which are strongly correlated to GDP.
  • The differentiated strategy and the sheer scale of impact the Fund seeks to have in the UK market has proven highly attractive to QRIF’s institutional investors,” Rory Quinlan, Managing Partner and Co-Founder of Quinbrook.

ASCENDANT RESOURCES ENTERS TENDER PHASE FOR MANDATED LEAD ARRANGER FOR ITS EXPORT CREDIT AGENCY SUPPORTED PROJECT FINANCING AT ITS LAGOA SALGADA PROJECT IN PORTUGAL

Retrieved on: 
Tuesday, September 5, 2023

TORONTO, Sept. 5, 2023 /PRNewswire/ - Ascendant Resources Inc. (TSX: ASND) (OTCQB: ASDRF) (FRA: 2D9) ("Ascendant" or the "Company") ") is pleased to announce that it has commenced the tender phase for the Mandated Lead Arranger ("MLA") of its Export Credit Agency project financing program.

Key Points: 
  • TORONTO, Sept. 5, 2023 /PRNewswire/ - Ascendant Resources Inc. (TSX: ASND) (OTCQB: ASDRF) (FRA: 2D9) ("Ascendant" or the "Company") ") is pleased to announce that it has commenced the tender phase for the Mandated Lead Arranger ("MLA") of its Export Credit Agency project financing program.
  • As previously announced on April 17, 2023 the Company appointed SD Capital Advisory Ltd and GKB Ventures Ltd ("S&G") to solicit interest for Export Credit Agency backed Project Financing.
  • As a result of this process the Company appointed UK Export Finance to support potential export credit facility.
  • We look forward to working with UKEF and the future appointed MLA to complete project financing in the coming months."

Gemcorp Capital appoints former UK Middle East Trade Commissioner to lead regional expansion

Retrieved on: 
Monday, September 4, 2023

DUBAI, United Arab Emirates, Sept. 03, 2023 (GLOBE NEWSWIRE) -- Gemcorp Capital Management today announces its expansion in the Middle East.

Key Points: 
  • DUBAI, United Arab Emirates, Sept. 03, 2023 (GLOBE NEWSWIRE) -- Gemcorp Capital Management today announces its expansion in the Middle East.
  • The new regional operation will be led by Simon Penney, formally His Majesty’s Trade Commissioner for the Middle East for the UK Government.
  • Under his tenure as the UK’s trade commissioner, trade with the region hit all-time highs alongside establishing multi-billion dollar investment partnerships with a number of Gulf countries.
  • "Gemcorp Capital has consistently demonstrated expertise in navigating the complexities of emerging markets, fostering capital investment and job creation and generating sustainable returns for its investors.”

Terrestrial Energy and Westinghouse Sign Contract for IMSR Fuel Plant at Springfields with UK Government Support

Retrieved on: 
Thursday, August 3, 2023

The new contract will deliver a pilot plant in advance of a scaled-up facility for commercial reactor fuel supply to a fleet of IMSR plants.

Key Points: 
  • The new contract will deliver a pilot plant in advance of a scaled-up facility for commercial reactor fuel supply to a fleet of IMSR plants.
  • The UK Government has committed GBP 2.9 million (USD $3.8 million) to establish the pilot plant under its Nuclear Fuel Fund program, part of the UK’s energy security strategy.
  • The contract is a result of partnership between Terrestrial Energy, Westinghouse Springfields Fuels and UK National Nuclear Laboratories, and follows the scoping and planning agreement signed in July 2021 .
  • “We are excited to work with Terrestrial Energy to develop a pilot plant creating next-generation nuclear fuel at Springfields to power molten salt reactors,” said Tarik Choho, President of Westinghouse Nuclear Fuel.

ASCENDANT ANNOUNCES POTENTIAL EXPORT CREDIT AGENCY SUPPORT FOR PROJECT FINANCE AT ITS LAGOA SALGADA PROJECT IN PORTUGAL

Retrieved on: 
Wednesday, July 5, 2023

Support available subject to standard project finance terms and successful due diligence

Key Points: 
  • Support available subject to standard project finance terms and successful due diligence
    TORONTO, July 5, 2023 /PRNewswire/ - Ascendant Resources Inc. Toronto - (TSX: ASND) (OTCQB: ASDRF) (FRA: 2D9) ("Ascendant" or the "Company") is pleased to announce that it has received and accepted an Expression of Interest ("EOI") from UK Export Finance ("UKEF") to support a potential export credit facility for the Company's Lagoa Salgada Project ("Lagoa Salgada" or the "Project") located in Portugal.
  • UKEF is a department of the UK Government and is the UK's official Export Credit Agency ("ECA").
  • The company is very excited with the level of support and interest from the ECA market which highlights the potential for success of Lagoa Salgada.
  • He added," We view ECA supported limited recourse Project Finance with each project undertaken on a ring-fenced, stand-alone basis, as an attractive form of long-term debt capital."

Ultra Safe Nuclear Brings U-Battery Talent Into Its UK Advanced Modular Reactor Team

Retrieved on: 
Friday, March 24, 2023

Ultra Safe Nuclear Corporation (USNC) the global leader in the deployment of gas-cooled reactors, is pleased to announce the addition of key UK personnel to its team supporting the Advanced Modular Reactor (AMR) Research, Development and Demonstration (RD&D) programme funded by the Department for Business, Energy & Industrial Strategy (BEIS).

Key Points: 
  • Ultra Safe Nuclear Corporation (USNC) the global leader in the deployment of gas-cooled reactors, is pleased to announce the addition of key UK personnel to its team supporting the Advanced Modular Reactor (AMR) Research, Development and Demonstration (RD&D) programme funded by the Department for Business, Energy & Industrial Strategy (BEIS).
  • USNC-UK is building on USNC’s leading product, the Micro-Modular™ Reactor (MMR®), to develop an advanced Micro-Modular Reactor design that will be best suited to the UK’s industrial process heat and power needs.
  • “The UK has deep roots in the relevant gas-cooled nuclear reactor technologies, exemplified by the current AGR reactors and tracing back to Dragon, the very first helium-cooled high-temperature reactor utilizing TRISO fuel.
  • We are tapping into these roots by adding the best, most experienced and motivated UK talent to our team.”

X-energy UK and Cavendish Nuclear Convene British Suppliers to Support Early Deployment of Advanced Small Modular Reactors

Retrieved on: 
Friday, January 27, 2023

The reactors are designed to be capable of producing both electricity and higher-temperature heat and steam than conventional ‘small modular reactors’ and can supply electricity and heat for hydrogen production and replace fossil fuel-generated heat for industrial processes.

Key Points: 
  • The reactors are designed to be capable of producing both electricity and higher-temperature heat and steam than conventional ‘small modular reactors’ and can supply electricity and heat for hydrogen production and replace fossil fuel-generated heat for industrial processes.
  • This intrinsic safety reduces the need for many of the largest, most expensive and time-consuming structures and systems found in traditional nuclear plants.
  • “We’re keen to see the Government press ahead with its ambitious plans for a program of nuclear power stations, including the establishment of the Great British Nuclear body.
  • The reactor is an ideal successor to the British Advanced Gas-cooled Reactor fleet, given the UK’s rich knowledge of gas graphite reactors.

Signing of the Final Agreement Relating to the Combination Between Eutelsat and OneWeb

Retrieved on: 
Tuesday, November 15, 2022

Consequently, Eutelsat and the main shareholders of OneWeb (Bharti, the UK Government, Softbank and Hanwha) signed on November 14th the final combination agreement.

Key Points: 
  • Consequently, Eutelsat and the main shareholders of OneWeb (Bharti, the UK Government, Softbank and Hanwha) signed on November 14th the final combination agreement.
  • Completion of the transaction remains subject to the customary conditions precedent, in particular the approval by the relevant regulatory authorities.
  • This possible change from the initially announced timetable should have no significant impact on the combined entity's financial outlook released in connection with the proposed combination.
  • There can be no assurance that the proposed combination between Eutelsat Communications and OneWeb will be consummated or that the anticipated benefits will be realised.

Daniel Hanna joins Barclays as Global Head of Sustainable Finance for the Corporate and Investment Bank

Retrieved on: 
Wednesday, September 7, 2022

Barclays has appointed Daniel Hanna as Global Head of Sustainable Finance for the Corporate and Investment Bank with the responsibility for creating a market-leading center of excellence for sustainable finance.

Key Points: 
  • Barclays has appointed Daniel Hanna as Global Head of Sustainable Finance for the Corporate and Investment Bank with the responsibility for creating a market-leading center of excellence for sustainable finance.
  • He will be based in London and joins the Corporate and Investment Banks Management Committee.
  • Mr. Hanna joins Barclays from Standard Chartered, where he was most recently Global Head of Sustainable Finance.
  • Barclays Sustainable Product Group (SPG) team offers a set of green products based on Barclays Green Finance Framework, including Green Innovation Finance, Green Loans, Green Asset Finance, Green Trade Finance, Green Infrastructure and Project Finance, and Green Deposits.