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

When it comes to climate change, there is a ticking time bomb on global equity that is not in plain view but could jeopardize our ability to achieve net zero goals if we continue to allow policy approaches to crowd out the social agenda, panelists warned at an international conference on the role of the financial sector in climate change-related risks.

Sumitomo Mitsui Banking Corporation (SMBC) has closed a US$120 million financing for the Sonnedix Cox Energy Chile solar project. The project is 70% owned by global solar independent power producer (IPP) Sonnedix and 30% by renewable energy company Cox Energy America.