16 August - Macquarie GIG & MEIF5 + USS secure debt against Rampion offshore wind farm

In today's news:

Macquaire’s Green Investment Bank (GIG), Macquarie European Infrastructure Fund 5 (MEIF 5) and Universities Superannuation Scheme have sealed holdco-level debt raised against their combined 25% stake in the 400MW Rampion offshore wind farm in the UK. The deal reached full financial close last month.

PG&E Corporation has appointed Andrew M. Vesey as Chief Executive Officer and President of Pacific Gas and Electric Company (PG&E), effective from August 19.

African Infrastructure Investment Managers (AIIM) and Nedbank Energy Finance are making a $26 million investment in 40MW of PV projects being developed across Southern Africa by renewable energy provider Sola Group.

The Asian Development Bank has approved a $160 million loan to modernize the operations and improve the efficiency of Sri Lanka Railways, the country’s railway operator, by upgrading its infrastructure and technical capacity.