UK Export Finance

“GigaFarm” capable of replacing 1% of UAE food imports set for construction in Dubai Food Tech Valley

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星期三, 十二月 6, 2023

COP28, Recycling, Business, IGS, Food industry, International trade, Plant, UK Export Finance, CGI, Knowledge, GameChanger, Drug

DUBAI, United Arab Emirates, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Food Tech Valley has signed an agreement at COP28 with ReFarmTM to start construction on a 900,000 sq. ft. game-changing “GigaFarm”. The innovative waste-to-value farm will be capable of recycling more than 50,000 tonnes of food waste and growing two billion plants each year.

Key Points:

DUBAI, United Arab Emirates, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Food Tech Valley has signed an agreement at COP28 with ReFarmTM to start construction on a 900,000 sq.
The innovative waste-to-value farm will be capable of recycling more than 50,000 tonnes of food waste and growing two billion plants each year.
Capable of growing more than three million kilos of produce annually, the site will support the UAE’s move towards decarbonising food production, replacing 1% of the country’s fresh produce imports.
Construction is due to begin in mid-2024, with the site expected to be fully operational by 2026.

Northland Power Announces Financial Close of the 1.0 GW Hai Long Offshore Wind Project in Taiwan Financing and Date for Investor Presentation Conference Call

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星期四, 九月 28, 2023

TORONTO, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Northland Power Inc. (Northland) (TSX: NPI) today announced that its Hai Long offshore wind project (Hai Long or the project) in Taiwan has successfully met all conditions to close its 1171 billion New Taiwan Dollars long-term non-recourse green financing (equivalent of CAD 5 billion).

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TORONTO, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Northland Power Inc. (Northland) (TSX: NPI) today announced that its Hai Long offshore wind project (Hai Long or the project) in Taiwan has successfully met all conditions to close its 1171 billion New Taiwan Dollars long-term non-recourse green financing (equivalent of CAD 5 billion).
Hai Long will play an important role in helping the Government of Taiwan achieve its renewable energy target of 15 GW of offshore wind to be constructed between 2026 and 2035.
Once operational, Hai Long will be one of the largest offshore wind facilities in Asia, and will provide enough clean energy to power more than one million Taiwanese households.
There were no other material changes to the financial metrics disclosed within the press release dated September 21, 2023.

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

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星期二, 九月 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.

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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."

Rönesans Holding Spearheads Construction of 286km Electric Railway in Southern Turkiye, Boosting UK-Turkiye Export and Sustainable Transportation

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星期三, 八月 16, 2023

ISTANBUL, Aug. 16, 2023 /PRNewswire/ -- Rönesans Holding announces its commitment to the construction of a transformative 286km electric railway network in southern Turkiye, connecting major cities through a high-speed, low-carbon route.

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ISTANBUL, Aug. 16, 2023 /PRNewswire/ -- Rönesans Holding announces its commitment to the construction of a transformative 286km electric railway network in southern Turkiye, connecting major cities through a high-speed, low-carbon route.
UKEF's support for the railway project opens new multimillion-pound export contract opportunities for collaboration between UK suppliers and Rönesans Group.
The electric railway will replace the current diesel locomotive-operated railway, providing a lower-carbon and more sustainable alternative between Mersin and Gaziantep.
Rönesans Holding is dedicated to fostering sustainable and innovative transportation solutions, and this high-speed electrified railway is a testament to its commitment to environmental stewardship and economic progress.

Rönesans Holding Spearheads Construction of 286km Electric Railway in Southern Turkiye, Boosting UK-Turkiye Export and Sustainable Transportation

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星期三, 八月 16, 2023

ISTANBUL, Aug. 16, 2023 /PRNewswire/ -- Rönesans Holding announces its commitment to the construction of a transformative 286km electric railway network in southern Turkiye, connecting major cities through a high-speed, low-carbon route.

Key Points:

ISTANBUL, Aug. 16, 2023 /PRNewswire/ -- Rönesans Holding announces its commitment to the construction of a transformative 286km electric railway network in southern Turkiye, connecting major cities through a high-speed, low-carbon route.
UKEF's support for the railway project opens new multimillion-pound export contract opportunities for collaboration between UK suppliers and Rönesans Group.
The electric railway will replace the current diesel locomotive-operated railway, providing a lower-carbon and more sustainable alternative between Mersin and Gaziantep.
Rönesans Holding is dedicated to fostering sustainable and innovative transportation solutions, and this high-speed electrified railway is a testament to its commitment to environmental stewardship and economic progress.

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

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星期三, 七月 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."

UK Investment Minister 'Very Optimistic' about Free Trade Agreement with India, Wants Businesses to Rally Behind It

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星期三, 六月 28, 2023

House of Lords, Free trade, IGF, Policy, UK Export Finance, Top, ASEAN–India Free Trade Area, NITI Aayog, City, City of London, Labour Party, Bank of England, Bank, Economics, FTA, Mobile phone, Drug, Renewable energy

LONDON, June 28, 2023 /PRNewswire/ -- Speaking at the 'UK-India Infrastructure Summit' hosted by City of London in association with India Global Forum, UK Investment Minister Lord Dominic Johnson, underscored the importance of the Free Trade deal for both UK and India, while steering clear of committing to a timeframe. Johnson said, "I'm very optimistic because I think it is very important to do a trade deal for both sides… and it's really important for business to express their support for such a deal because it's about allowing businesses to function more effectively with greater profits, wealth and security for the world."

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The summit highlighted the immense scope and potential for investment in sustainable infrastructure development in India, and London's expertise in meeting India's growing demand for green finance.
"UK particularly the City of London has excellent capabilities in structuring and funnelling finance where it is needed.
"We have up to 4bn pounds of capacity to use in India," said Caroline Healy, Deputy Director – International Relations, UK Export Finance.
"My key message is that UK Export Finance wants to do more business in India, we've got capacity and we've got the product suite."

New undrawn five-year sustainability linked term loan facility

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星期一, 六月 26, 2023

UK Export Finance, Science Based Targets initiative, Carbon, UKEF, Aircraft, Bank, Renewable energy, EasyJet

easyJet announces new undrawn five-year sustainability linked term loan facility, replacing an existing, partially drawn, term loan facility

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easyJet announces new undrawn five-year sustainability linked term loan facility, replacing an existing, partially drawn, term loan facility
easyJet today announces the signing of a new undrawn five-year sustainability linked term loan facility (“new facility”) of $1.75 billion underwritten by a syndicate of banks and supported by a partial guarantee from UK Export Finance under their Export Development Guarantee scheme.
The new term loan facility replaces easyJet’s existing $1.77 billion term loan facility.
This new five-year sustainability linked facility will be undrawn initially.
“This facility strengthens our balance sheet, supports our investment grade credit ratings and further shows our commitment to our SBTi-aligned sustainability targets.”
For further details please contact easyJet plc:

Q1 2023 United Kingdom Construction Industry Databook Series - Commercial Construction Activities to Support Growth - ResearchAndMarkets.com

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星期四, 二月 16, 2023

Commercial Building & Real Estate, Construction & Property, GBP, PMI, Construction, Construction Marketing Association, Government, Asda, Housing, Bank of England, Bank, UK Export Finance, City, Growth, Aldi, Beauty salon, Real estate, Renewable energy, Central Africa

The "United Kingdom Construction Industry Databook Series - Market Size & Forecast by Value and Volume, Q1 2023 Update" report has been added to ResearchAndMarkets.com's offering.

Key Points:

The "United Kingdom Construction Industry Databook Series - Market Size & Forecast by Value and Volume, Q1 2023 Update" report has been added to ResearchAndMarkets.com's offering.
According to the publisher, construction industry in United Kingdom is expected to grow by 4.4% to reach GBP 163,253 million in 2023.
While residential construction is projected to remain subdued, commercial construction activities have remained stable across the country, thereby supporting the overall construction market in the United Kingdom.
In-depth Understanding of Construction Market Dynamics: Understand market opportunity, industry dynamics, key trends and drivers across 40+ market segments and sub-segments of building and infrastructure construction industry in United Kingdom.

UK Export Finance Leverages Informatica Cloud Platform to Help Businesses Scale Globally

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星期二, 九月 20, 2022

Informatica (NYSE:INFA), an enterprise cloud data management leader, today announced that UK Export Finance is modernizing to the cloud with Informaticas Intelligent Data Management Cloud (IDMC), freeing up team resources to better serve UK businesses of all sizes and sectors.

Key Points:

Informatica (NYSE:INFA), an enterprise cloud data management leader, today announced that UK Export Finance is modernizing to the cloud with Informaticas Intelligent Data Management Cloud (IDMC), freeing up team resources to better serve UK businesses of all sizes and sectors.
UK Export Finance is the worlds first and oldest export credit agency, its mission is to advance prosperity by ensuring no viable UK export fails for lack of finance or insurance, doing that sustainably and at no net cost to the taxpayer.
UK Export Finance kicked off its digital transformation with a focus on connectivity and fast data ingestion.
Were pleased to be working with UK Export Finance to unleash the power of its data to help UK businesses and industries thrive.