Almirante Barroso MV32, a floating production storage and offloading vessel of Japanese offshore oil and gas services provider Modec, achieved its first oil production in offshore Brazil on May 31st.

A steel-cutting ceremony has been held for the first of a new generation of chartered liquefied natural gas (LNG) vessels to be constructed for QatarEnergy at South Korean shipyards.

QatarEnergy, TotalEnergies, Petrobras, and Petronas Petroleo Brasil Ltda (PPBL) have signed a production-sharing contract (PSC) for the Agua-Marinha block in the prolific Campos Basin offshore Brazil.

Abu Dhabi National Energy Company (Taqa) and French renewables company Engie have announced the financial closing of the 2.3 billion dirham (US$620 million) Mirfa 2 Reverse Osmosis (M2 RO) desalination project in Abu Dhabi.

Renewable energy projects gained further traction across the Asia-Pacific region in 2022 with groundbreaking and innovative structures highlighting many of the diverse infrastructure financing requirements during the period.

For infrastructure financing, 2022 was an extremely busy year. Global project finance institutions had to work at full capacity to keep up with the series of bank debt and capital market deals across sectors ranging from wind and solar to LNG, from road and rail infrastructure to data centres and battery gigafactories.

Annual floating solar capacity additions are expected to pass the six-gigawatt threshold by 2031, as photovoltaic developers struggle to meet growing solar demand and look at alternative development technologies, a new report finds.

There was a healthy deal flow in infrastructure financing in Asia-Pacific in 2022, particularly in the renewable energy, telecommunications and transport sectors. Hybrid renewable energy projects are increasingly being bid out in markets such as Australia, India and Taiwan as they provide longer-duration energy generation or even round-the-clock (RTC) solutions.

Last year was exceptionally busy for infrastructure financing, with project finance teams at major banks working at full capacity on a range of deals from wind and solar power plants to airports, railways and roads. One new category asset that features prominently in The Asset Triple A Sustainable Infrastructure Awards 2023 is electricity connectors, with large-scale financings in Abu Dhabi, New York State, the United Kingdom-Germany and Saudi Arabia-Egypt. More are on the way. As the installed capacity of renewable energy grows rapidly, it makes sense to have power flowing across borders in either direction, depending on wind and solar production and electricity demand at any particular time of day.

By 2025, country will make 20% of all iPads and Apple Watches, 5% of MacBooks, 65% of AirPods

BOC Aviation has delivered the first of 11 new Boeing 737 MAX 8 aircraft for lease to Lynx Air. All 11 aircraft are part of the company’s existing order book and will be powered by CFM LEAP-1B engines.

The board of directors of Export-Import Bank of the United States (US Exim) has voted to approve US$99.7 million of support for the expansion and upgrade of Pertamina’s Balikpapan refinery on Borneo Island in East Kalimantan, Indonesia.

The Asian Development Bank (ADB) and the Private Infrastructure Development Group (PIDG) have signed a memorandum of understanding for cooperation on early-stage private sector infrastructure investments in the Asia-Pacific region.