The European Investment Bank (EIB) is supporting the construction of a 900-megawatt offshore wind farm in the North Sea, Germany, with a €600 million (US$654.7 million) loan to the German utility Energie Baden-Württemberg (EnBW). The overall cost of the project will be €2.4 billion.

The Red Sea Wind Energy Consortium has reached financial close on its 500-megawatt Gulf of Suez wind project in eastern Egypt.

Sumitomo Corporation has sold the largest mining operation in Bolivia to Vancouver-based San Cristobal Mining (SCM).

Sola Group and African Rainbow Energy have reached financial close on two 100-megawatt solar power plants in South Africa’s North West province.

Spanish airport operator Aena has won the bidding for concessions to operate 11 airports in Brazil. The most important is Congonhas airport in Sao Paulo, the country’s second busiest airport which makes up 85% of the activity of the concession agreement.

The Asian Development Bank (ADB) has signed an agreement with five insurance companies to mobilize up to US$1 billion of co-financing capacity to support lending for financial institutions in the Asia-Pacific region.

A partnership between Zhejiang-based Chint Solar and German firm Intec Energy Solutions has won the engineering, procurement and construction (EPC) contract to build the largest solar power plant in Romania. Once commissioned, the plant is expected to provide solar energy for up to 100,000 homes and eliminate about 160,000 tonnes of carbon dioxide each year.

Onshore work has begun on a 190-kilometre undersea and underground high-voltage cable connector between Ireland and Wales. Sumitomo Electric Industries and Siemens Energy are the engineering, procurement and construction (EPC) contractors.

KKR bid for Telecom Italia reminiscent of Olivetti’s raunchy bid