Aukera Energy’s Post

Important players on the international scene and experts from #Brazil, #China, #Denmark, #Finland, and #Germany have contributed with their experience in AMF Task 62 "Wear in engines using alternative fuels". Download the Key Messages: https://bit.ly/3Z7gcEn Detailed information about Task 62: https://bit.ly/3uXE3HS #transportation #combustionengines #fuels #alternativefuels #advancedmotorfuels

🇪🇺 The European Commission recently unveiled a €1.2 billion budget for the second round of the European #Hydrogen Bank subsidy auction. This marks an increase of €400 million compared with the pilot auction’s budget, with €200 million being made available exclusively to projects with offtakers in the maritime sector (excluding traders and intermediaries). ⛴️ Our operating partner Alexandru Floristean clarified that the Commission is still committed to providing a €3 billion budget, as previously announced — but through means other than auctions, including via the external and international leg of the #H2 Bank. 👉 Supporting hydrogen projects at the European level is crucial as global competition is intensifying, and the bloc must scale up to stay in the race and achieve its #carbonneutrality goals. 🎯 https://lnkd.in/eJu4d9Av

BREAKING NEWS The European Commission just unveiled the budget for the second auction of the #hydrogen bank. 1.2 billion EUR will be available on the second call, an increase of 400 million, as compared to the budget available in the pilot auction. Of this, 200 million would be reserved for off takers in the maritime sector (excluding traders / intermediaries) according to the Commission. As a reminder. The Commission awarded 720 million EUR in April 2024 to 7 projects (on a total budget of 800 million), supporting RFNBO production in the EU, at a maximum clearing price of 0.48 EUR / Kg H2. The #Hydrogen Bank is funded from the Innovation Fund. The total budget available for all calls under the Innovation Fund in 2024 (including the H2 Bank) will be 4.8 Billion

💹 Axpo further diversifies financing with Samurai loan The new financing - JPY 42 billion or around CHF 250 million - has been agreed with a syndicate of 20+ Japanese banks and Samurai investors. It includes a #sustainability component and will be used for financing current business and growth initiatives, such as #renewableenergy projects in Switzerland and abroad. 💬 "Financing the #energytransition is one of the biggest challenges of our time, so every additional source of financing expands our flexibility to invest in a greener future. This loan underscores the confidence of the stable Japanese financial market in Axpo's business model, strategy and robust financial situation,” said Harald Gauck Axpo Group CFO. In a nutshell 👇 ➡ The new facility is for a three-year term ➡ The transaction was well received by the Japanese market and closed oversubscribed. ➡ With the fourth-largest economy in the world, Japan’s financial market is one of the most stable. 🔗 More details here: https://lnkd.in/eg9WCwtZ

💹 Axpo further diversifies financing with Samurai loan The new financing - JPY 42 billion or around CHF 250 million - has been agreed with a syndicate of 20+ Japanese banks and Samurai investors. It includes a #sustainability component and will be used for financing current business and growth initiatives, such as #renewableenergy projects in Switzerland and abroad. 💬 "Financing the #energytransition is one of the biggest challenges of our time, so every additional source of financing expands our flexibility to invest in a greener future. This loan underscores the confidence of the stable Japanese financial market in Axpo's business model, strategy and robust financial situation,” said Harald Gauck Axpo Group CFO. In a nutshell 👇 ➡ The new facility is for a three-year term  ➡ The transaction was well received by the Japanese market and closed oversubscribed.  ➡ With the fourth-largest economy in the world, Japan’s financial market is one of the most stable. 🔗 More details here: https://lnkd.in/eg9WCwtZ

France's BNP Paribas and KEXIM Global (Singapore) Ltd. have pulled out of a deal to fund the Santos Ltd Barossa gas project. This major development follows a recent report by the Institute for Energy Economics and Financial Analysis (IEEFA) questioning the commercial viability of the Australian gas sector: https://lnkd.in/gNHGNbpC IEEFA Lead Gas Analyst,  Joshua Runciman said:  “Looking at the numbers, Santos’ Barossa project faces the risk of poor financial returns. The costs of the Barossa project have already escalated and Santos will face additional costs to offset the very high CO2 content of the Barossa field.” Our Senior Gas Campaigner Rachel Deans said: “The big four Australian banks, Commonwealth Bank, ANZ, NAB and Westpac - and Japanese Megabanks - Sumitomo Mitsui Banking Corporation – SMBC Group, MUFG and Mizuho - must listen to these warning bells and cut ties with Santos in the best interests of a safe climate for customers and shareholders.” #ClimateChange #Gas #Energy #RenewableEnergy #Transition #ClimateEmergency Read more: https://lnkd.in/gfJdEYgJ

✒ "We don’t just focus all of our attention on a few large transactions. We value our smaller clients and transactions just as highly as the ones that make headlines. That is something we are proud of." ⚡ After weathering the storm on the #energymarkets, last year brought stability to Europe, @Risk.net notes, highlighting that volatility and tight liquidity persisted for suppliers and consumers. 📈 In this in-depth Energy Risk interview, Michiel Rutgers, Managing Director of #Axpo Netherlands, discusses the Netherlands' 2023 market challenges and our innovative solutions, including portfolio diversification, and top strategies for liquidity and competitive pricing in the #NatGas and #power markets. 💡 🔗 Here’s how we’ve supported our clients in the toughest of times: 🌟 https://lnkd.in/eAPm-jHj #EnergyTrading #AxpoNetherlands #Commodities

A very interesting article by Yariv Cohen highlighting the impact of Foreign Exchange risk on Solar Access in #africa. Volatile exchange rate hamper the rollout at scale as it exposes companies to financial risk, destabilizes financial planning, affects long term contracts and it increases the cost of foreign denominated debt. Yariv, apart from offering hedging instruments on all African currencies for 20 year tenors, TCX offers, thanks to the European Commission, pricing discounts to ensure project feasibility in local currency. Please don't hesitate to reach out to our structuring team. Demba Tandia Jerome Pirouz Jonas Enrico Luini Elif Erkul Roy Forney #developmentfinance #energytransition #sdgs

📅 Next week, Partner Sarah Williamson and Counsel Marianne Anton will be presenting at the Ofgem OFTO Conference 2024, which showcases the UK's unique Offshore Transmission Owner asset class.   Their presentation “How to sell an OFTO” will consider how developers can best prepare for the OFTO process. They will provide some practical tips and insight based on their experience of advising on OFTO transactions. If you are attending the conference and have any questions in relation to OFTO transactions, please reach out to Sarah and Marianne. #WFW #Offshore #OffshoreTransmission #Power

Ecora Resources target price raised by Canadian bank @EcoraResources #LSE #TSX #OTCQX #ECOR #ECRAF. Ecora Resources PLC's (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF) half-year has prompted RBC to remove US$83 million in investments from its 2024/2025 forecasts due to comments on the call on the Incoa project and the unlikely near- term execution of the Piaui option. As a result, net debt and acquisition costs are reduced, increasing RBC’s price target from 100p to 120p. “We continue to see ECOR as a compelling investment opportunity and expect a re-rating to occur as coal exposure fades and development projects are commissioned,” said the note. 'Outperform' is the... http://ow.ly/6Bs5105HKVq