Proximo Europe 2025 Highlights: The Rise of Renewables and Digital Infrastructure

Proximo Europe 2025: Renewables and Digital Infrastructure Lead the Way
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As the landscape of infrastructure continues to evolve alongside the ongoing energy transition, emerging sectors such as data centers and green hydrogen are becoming integral to project finance. These significant changes were a focal point of discussions at the Proximo Europe 2025 event held in Copenhagen.

### A Mammoth Construction Financing for Mammoth Solar

In a groundbreaking move for U.S. renewables, Doral Renewables has introduced a financing structure aimed at alleviating the challenges posed by interconnection queues for solar developers.

### Consortium Plans Brazilian Offshore Wind Pilot

A consortium led by Japan Blue Energy has signed a letter of intent for a $100 million floating offshore wind pilot project off the coast of Rio Grande do Sul, Brazil. The Aura Sul Wind project will utilize Raijin Float technology, featuring a precast, prestressed concrete platform designed for deep-water installation.

### TotalEnergies Wins 1GW German Offshore Wind Concession

TotalEnergies, through its subsidiary North Sea OFW One GmbH, has been awarded the N-9.4 offshore wind concession in the German North Sea, allowing for the development of 1GW of capacity. Located approximately 150km northwest of Heligoland, this site has been granted for a 25-year term, with the possibility of extension to 35 years.

### Quinbrook Appoints Its First Global CEO

Quinbrook Infrastructure Partners has enhanced its executive team with three new appointments, including Brian Restall as the firm’s first Global CEO. Previously serving as Quinbrook’s Australian Regional Leader, Restall will now oversee operations across North America, Europe, and Australia.

### Brookfield to Acquire Hotwire from Blackstone

Brookfield Infrastructure Partners has reached an agreement to acquire Hotwire Communications, an internet service provider, from Blackstone for approximately $7 billion, inclusive of debt. Hotwire specializes in delivering fiber network internet services primarily to commercial and community-living customers.

### Constellation Receives NY Approval for Calpine Acquisition

Constellation has obtained approval from the New York Public Service Commission for its acquisition of Calpine Corporation at an equity purchase price of $16.4 billion. This acquisition will merge Constellation’s nuclear fleet with Calpine’s gas and geothermal asset portfolio, creating a more robust energy entity.

### RfP Issued for 2GW Transmission System in Karnataka

REC Power Development and Consultancy (RECPDCL) has issued a request for proposals for the development of a 2GW intrastate transmission system. This system will facilitate the evacuation of power from a proposed solar park located in Ryapte village, Tumkur district, Karnataka.

### Hunter Point to Buy Minority Stake in Equitix

Tetragon Financial Group is set to sell a 16.1% minority stake in Equitix to Hunter Point Capital at an enterprise value of £1.3 billion ($1.75 billion), excluding net debt. Hunter Point will acquire 14.6% from TFG Asset Management and 1.5% from Equitix management.

### Latest Contracts Closed by EPC Contractors

– **Fluor Joint Venture**: Awarded Engineering, Procurement, and Construction Management Services Contract for BHP’s Olympic Dam Smelter & Refinery Expansion Project in South Australia on 31/01/2025.
– **N.V. Westerscheldetunnel**: Awarded a multi-year maintenance contract for Sluiskiltunnel to BAM/TBI consortium on 31/01/2025 in the Netherlands.
– **Van Oord**: Awarded another cable contract in Taiwan on 10/01/2025.
– **BAM**: Set to deliver 140 miles of high-speed rail infrastructure for HS2 on 05/12/2024 in the United Kingdom.
– **Fluor**: Awarded a contract for Front-End Engineering and Design of a Carbon Capture and Storage solution at Heidelberg Materials Facility in Germany on 04/12/2024.

### UK Commits £1bn for English Roads and £590m for Lower Thames Crossing

The UK government has pledged £1 billion ($1.36 billion) to improve the deteriorating transport infrastructure within England’s road network. This new funding package is intended to support the repair of aging bridges, flyovers, and tunnels, targeting 3,000 bridges that are currently in need.

### Telangana Sanctions Budget for Hyderabad Metro Phase 2

The Telangana government has allocated INR195.8 billion ($2.268 billion) for the Hyderabad Metro Rail Phase 2B project. This funding consists of 30% (INR58.74 billion) from the state, 18% (INR35.24 billion) from the national government, and 48% from multilateral agencies, including the Japan International Cooperation Agency.

### Dispatch Energy Attracts $160m Funding Commitment

Terramont Infrastructure Partners has committed $160 million to Dispatch Energy, a provider of distributed energy solutions, with Hamilton Lane co-leading the investment. Dispatch Energy focuses on providing cost-effective energy solutions to commercial and industrial clients.

### Upcoming Events

– **Proximo Congress 2025**: Scheduled for June 16-18, 2025, in Nashville, Tennessee, this conference will unite leading figures in Power, Infrastructure, Decarbonization, and Digital Infrastructure.
– **Asia 2025**: Set for October 14-16, 2025, this event will connect innovators in Export, Project, and Development Finance across the APAC region.

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