US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Oil Prices Ease as Iran Tensions Clash With Diplomacy Hopes 
McDonald’s Sees Flat Traffic, Sticky Inflation as New Normal 
Drug pollution in water is making salmon take more risks – new research 
Paramount-Warner Bros $110 Billion Deal Draws Antitrust Backlash 
Ukraine minerals deal: the idea that natural resource extraction can build peace has been around for decades 
Dollar Hits Two-Month High as Fed Rate Hike Bets Rise 
US Backs Musk in Fight Against EU’s €120 Million X Fine 
How is Antarctica melting, exactly? Crucial details are beginning to come into focus 
OpenAI Agent Breaches Australia Medicare Data Portal 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
Goldman Sachs Names Simon Lyons UK Investment Banking Co-Head 
Burkina Faso and Mali’s fabulous flora: new plant life record released 
OpenAI Urges US-Led Global Standards for Frontier AI 
Add as a preferred source on Google
Thailand-based Impact Electrons Siam Ltd (IES) has secured a $692 million financial package from the Asian Development Bank (ADB) for its 600-MW Monsoon wind power project in Laos.
The project will be the first wind farm in Laos and the first cross-border wind power plant in Southeast Asia.
The wind park and a dedicated 500-kV transmission line will be built in the Sekong and Attapeu provinces.
Vietnam Electricity (EVN) will buy the electricity generated by the wind farm under the 25-year power purchase agreement (PPA).
ADB acted as the sole mandated lead arranger and the book runner for the financing transaction that involves developmental and commercial funding.
It is co-financing the project together with the Asia Infrastructure Investment Bank (AIIB), Japan International Corporation Agency (JICA), the Export-Import Bank of Thailand (Thai EXIM), Sumitomo Mitsui Banking Corp (SMBC), Hong Kong Mortgage Corp Ltd (HKMC), Kasikornbank and Siam Commercial Bank.
“Developing economies in Asia and the Pacific face shortfalls in climate investments that are needed to clear a pathway to green growth,” said
According to ADB private sector operations department director general Suzanne Gaboury, the syndication of development and commercial financing for this project bridges the shortfalls in climate investments by mobilizing private capital.
The project is expected to help Laos unlock its wind resources and diversify the country’s hydro generation, which mainly occurs in the rainy season.
Last year, Chinese green tech company Envision Group announced a Letter of Intent (LoI) to supply turbines for the Monsoon project.
