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ACS green bond to fund desal on three continents

Spanish construction giant Grupo ACS will hold a series of roadshows next week ahead of its inaugural €750 million green bond, and has already secured a top-quartile score after a deep-dive evaluation by S&P Global Ratings.

Although the bulk of the proceeds are earmarked for renewable energy projects, around 12% is destined to be used for water projects,...

Clearfleau gets new lease of life under EnviroChemie

German water technology company EnviroChemie has bought UK industrial wastewater treatment specialist Clearfleau out of administration, giving it an entry point into the UK industrial market.

Clearfleau has already seen good commercial traction for its turnkey anaerobic digestion plants, signing up blue-chip customers in the food and beverage sector, including Nestle...

EPA prepares for $5.5 billion in new WIFIA loans

The EPA yesterday advertised for its next round of loan applications under the Water Infrastructure Finance and Innovation Act (WIFIA) programme, with an expanded appropriation of $63 million in 2018, allowing it to provide approximately $5.5 billion in low-interest loans to water and wastewater projects in the US. Letters of interest (LoIs) are due in by 6th July.

The...

Metro Pacific accelerates industrial water expansion

Filipino project developer Metro Pacific Water is ramping up its expansion in the Vietnamese market by buying 49% of three industrial water treatment projects from Tuan Loc, a major Vietnamese infrastructure contractor, for PHP1.99 billion ($38.2 million).

The deal marks the company’s second Vietnamese water investment: in November 2017, it agreed to purchase 45%...

Biwater looks back on 50 years of global water deals

When young English engineer Adrian White founded Biwater Treatment Co. Ltd. on 28 March 1968, he laid the foundation stone for 50 years of global contracting activity in the water space.

The company’s anniversary celebrations this week look back on a history that includes more than 30 acquisitions – including the first ever purchase of a UK water utility...

Santander selected to oversee sale of CYII assets

Banco Santander has been awarded the contract to oversee the sale of the non-core assets of Madrid’s public sector water operator Canal Isabel II (CYII), beating bids from consortia led by CaixaBank and GBS, a CYII spokeswoman confirmed to GWI.

No timetable has yet been set for the sale, which was agreed by CYII’s board in May 2017 and approved by the...