Industrial Policy & Trade Monitor· 2667 actions· ✨ 89 recent

On 30 September 2025 USDA Secretary Brooke L. Rollins announced a USD 38.3 million block grant agreement with the South Carolina Department of Agriculture (SCDA) to fund recovery assistance for agricultural producers hit by Hurricane Helene (2024). SCDA will design and administer the program, which covers infrastructure and timber losses plus future economic and market losses not addressed by other USDA disaster programs. The grant is drawn from the USD 30 billion disaster-assistance authorization in the American Relief Act, 2025, under which USDA is negotiating parallel block-grant agreements with 14 states.

On 30 September 2025, Vietnam Development Bank (VDB) — the state policy bank — signed a strategic cooperation agreement with two major private conglomerates, Son Hai Group and Truong Hai Group (Truong Hai Auto Corporation / THACO), committing up to VND 100 trillion (~USD 3.8 billion) in credit financing over 2025-2030 for national transport-infrastructure projects. The same signing event executed a specific credit contract under which VDB's Dak Lak branch finances up to VND 4.975 trillion of the VND 8.4 trillion Dau Giay-Tan Phu Expressway (part of the Eastern North-South Expressway corridor linking Ho Chi Minh City, Dong Nai, Lam Dong and the Central Highlands). The arrangement channels concessional state development-bank credit to two designated national champions for long-term infrastructure build-out.

China's National Development and Reform Commission announced a new-type policy-based financial instrument worth CNY 500 billion (~USD 70.3 billion), to be used entirely to replenish capital for infrastructure and industrial projects. Funds are channeled through China Development Bank, the Export-Import Bank of China and the Agricultural Development Bank of China, targeting digital economy, AI, consumption-related infrastructure and urban renewal (transport, energy, underground utility upgrades). By mid-October 2025, China Development Bank and the Agricultural Development Bank had disbursed a combined ~CNY 300 billion, coordinated with the Ministry of Finance and People's Bank of China, with NDRC citing over 2,300 supported projects and roughly CNY 7 trillion in projected total investment leveraged.

The European Investment Bank, the Spanish Ministry of Economy, Trade and Business, and Endesa SA agreed a EUR 650 million financing package on 29 September 2025 to modernise, digitalise and reinforce Endesa's electricity distribution network across six Spanish autonomous communities during 2025-2027. The package comprises a EUR 500 million loan channelling NextGenerationEU Recovery Plan funds through Spain's Autonomous Resilience Fund (FRA), plus a EUR 150 million EIB own-funds loan representing the first tranche of a EUR 500 million facility already approved by the Bank. Financing covers smart meters, advanced transformers, grid digitalisation software, new substations and underground cabling, with over half the investment targeted at economically disadvantaged regions.

The Canada Infrastructure Bank reached financial close on a CAD 660 million (approx. USD 473 million) loan to Irving Pulp & Paper to support "Project NextGen," a CAD 1.5 billion modernization of the company's Kraft pulp mill in west Saint John, New Brunswick — the largest investment in the Canadian forest products industry since 1993. The financing replaces 1970s-era recovery-boiler and steam-turbine technology, adds up to 145 MW of renewable generation capacity (50 MW for mill use, the remainder exported to the provincial grid), and is projected to cut emissions per tonne of Kraft pulp by 50% while eliminating heavy-fuel-oil combustion.

Bpifrance, France's public investment bank, co-invested alongside a DWS Group sustainable-investment fund (lead investor) in a EUR 100 million (~USD 117 million) funding round for WAAT, a French private EV-charging infrastructure operator focused on apartment buildings, social housing and commercial real estate. Existing shareholder RAISE Impact maintained its position. The funds are earmarked to scale WAAT's deployment toward 250,000 active charging points by 2030 and expand operations across Europe.

Italy's state investment agency Invitalia approved a "Contratto di Sviluppo" (Development Contract) worth EUR 103.7 million in total investment for Italian Green Factory SpA (Tea Tek group), of which EUR 67 million is Invitalia state aid (financial grant plus state loan) on eligible costs, with a further EUR 29 million routed through the Fondo di Garanzia PMI (SME Guarantee Fund). The package reindustrialises the former Whirlpool site in Naples and a second plant in Pomigliano d'Arco for photovoltaic (solar) component production, plus two smaller R&D projects (predictive diagnostics for electrical transformers/panels; walkable solar installations for road infrastructure). The plan commits to retaining 294 previously-displaced Whirlpool workers and adding 55 new hires (349 total).

On 18 September 2025 Brazil's federal government published Medida Provisória (Provisional Measure) 1318/2025, creating REDATA — the Special Taxation Regime for Datacenter Services — alongside a parallel IT-export regime (REPES). REDATA zeroes federal taxes on servers, storage, networking, cooling and other datacenter capital equipment for qualifying operators from 1 January 2026, conditioned on 100% renewable/zero-carbon energy sourcing, a 2% of investment R&D-in-Brazil commitment, and preferential use of Brazilian- manufactured components. The Finance Ministry projects R$5.2 billion in forgone-tax incentives in 2026 alone, with potential to unlock up to R$2 trillion in private datacenter investment over ten years. REDATA is framed as implementing the National Datacenter Policy (PNDC) under the Nova Indústria Brasil industrial-policy umbrella.

On 18 September 2025 the Bundestag adopted the Gesetz zur Errichtung eines Sondervermögens "Infrastruktur und Klimaneutralität" (SVIKG), authorising up to EUR 500 bn of additional federal borrowing over a twelve-year horizon outside the constitutional debt brake, on the basis of the new Article 143h Grundgesetz inserted by the March 2025 constitutional amendment. The envelope splits into up to EUR 100 bn for Länder and municipal infrastructure (channelled via the companion Länder- und Kommunal-Infrastrukturfinanzierungsgesetz, LuKIFG, passed 9 October 2025), EUR 100 bn transferred to the Klima- und Trans- formationsfonds (KTF) in annual instalments through 2034, and up to EUR 300 bn for additional federal investments in transport, energy/ heat, hospital, education, digitalisation, civil protection and R&D infrastructure. Investments are eligible retroactively from 1 January 2025 and may be approved through 31 December 2036; loan repayment begins no later than 1 January 2044. SVIKG is the largest single industrial-finance instrument launched by an EU member state in the post-2022 industrial-policy cycle.

The Government of Canada announced CAD 16.5 million in cumulative federal funding (CAD 13.5 million newly announced, on top of an earlier CAD 3 million tranche) for the Kluane N'tsi (Lhù'ààn Mân N'tsi) Wind Energy Project, an Indigenous-owned 900-kW wind turbine with battery storage integrated into the diesel grid serving Burwash Landing and Destruction Bay, Yukon. Funding is drawn from three federal programs — Natural Resources Canada's Clean Energy for Rural and Remote Communities program (~CAD 13 million), Housing, Infrastructure and Communities Canada's Arctic Energy Fund (CAD 2 million), and Crown-Indigenous Relations and Northern Affairs Canada's Northern REACHE program (CAD 1.5 million) — with the Government of Yukon contributing a further ~CAD 2 million. The project allows the Kluane First Nation to operate the community diesel grid in "diesel-off" mode when wind generation is sufficient, the first grid-scale project in Canada to do so, cutting diesel use by roughly 300,000 litres per year.

The Canada Infrastructure Bank reached financial close on a CAD 100 million (approx. USD 72 million) loan to Cando Rail & Terminals to fund a new Sturgeon West Terminal, doubling rail-car storage and staging capacity at its existing Sturgeon Terminal hub in Alberta's Industrial Heartland. The expansion adds up to 3,700 new railcar storage/staging spaces, including 1,100 spaces for unit trains with Class 1 railways, and is intended to strengthen trade corridors to the ports of Prince Rupert and Vancouver. CIB projects up to 50 new full-time jobs and CAD 22.3 million in annual regional GDP contribution once operations begin in late 2026.

The UK's state-owned National Wealth Fund (NWF), wholly owned by HM Treasury, committed up to £200 million in equity alongside a matching commitment from US investor EIG as part of a £445 million equity round for Fidra Energy. The capital, together with £594 million in loan facilities from a club of international lenders, financed the roughly £1 billion financial close of the 1,400 MW / 3,100 MWh Thorpe Marsh battery energy storage system (BESS) in Doncaster, England — billed as the UK's largest battery storage project and among the largest in Europe, expected to be operational by mid-2027.

The UK's state-owned National Wealth Fund (NWF), wholly owned by HM Treasury, committed up to £200 million as part of a £500 million platform launched with infrastructure manager Equitix and Australian pension fund Aware Super. The platform, operated by Eelpower Energy, will build, own and operate grid-scale battery energy storage (BESS) assets, targeting over 1GW of new UK storage capacity, starting with seed assets already entering construction.

KfW IPEX-Bank, the project- and export-finance arm of Germany's state-owned development bank KfW, announced on 21 August 2025 a EUR 45 million financing package (a prolongation and increase of existing loans) to Duisburger Hafen AG (duisport), operator of the world's largest inland port. The funds finance investment measures in port infrastructure, including warehouse and terminal facilities. KfW IPEX-Bank classifies the deal as financing "in the European common interest" because duisport sits on the TEN-T core network; duisport is two-thirds owned by the German state of North Rhine-Westphalia and one-third by the City of Duisburg. Global Trade Alert separately logs the transaction as a "red"-flagged state-loan intervention (state act 97621 / intervention 155024).

NRW.BANK, the state-owned promotional bank of North Rhine-Westphalia, provided EUR 22.9 million in financing to Stadtwerke Solingen, the municipal utility of the city of Solingen, as part of a roughly EUR 98 million package (structured with additional partners DAL Deutsche Anlagen-Leasing, Deutsche Kreditbank AG and DZ BANK AG) to renew and expand the utility's electricity, gas and water distribution infrastructure. The funded works include gas and water pipeline renewal and expansion of electricity distribution assets such as transformer stations, meters and smart-metering systems, with implementation planned through 2028.

NIB, the multilateral development bank owned by the eight Nordic and Baltic member states, signed a EUR 50 million (approx. USD 58.4 million), 10-year loan with Vantaa Energy Ltd (Vantaan Energia Oy) to finance electricity network investments for 2024-2028, including new power lines, substations and smart meters. The financing is expected to raise regional grid capacity by 250-300 MW and connect roughly 12,000 new customers. NIB's below-market development-bank funding cost functions as a state-adjacent subsidy for Finnish grid infrastructure buildout.

India's Cabinet Committee on Economic Affairs approved an INR 8,146.21 crore (~USD 980 million) investment proposal for the 700 MW (4x175 MW) Tato-II Hydro Electric Project in Shi Yomi district, Arunachal Pradesh, to be built over 72 months by a joint venture between North Eastern Electric Power Corporation Ltd (NEEPCO) and the Government of Arunachal Pradesh. The Government of India component consists of INR 436.13 crore in central financial assistance toward the state's equity share plus INR 458.79 crore in budgetary support for enabling infrastructure (roads, bridges, transmission lines) — together INR 894.92 crore (~USD 108 million) of direct central subsidy. Arunachal Pradesh receives 12% free power and a 1% local-area-development-fund allocation from project output.

The California Energy Commission, via its Clean Transportation Program and the state's Greenhouse Gas Reduction Fund, opened a USD 55 million incentive window under the California Electric Vehicle Infrastructure Project (CALeVIP) "Fast Charge California Project." The program funds up to 100% of direct-current fast-charger installation costs statewide, at USD 55,000 per port for 150-274.99 kW chargers and USD 100,000 per port for chargers over 275 kW, with priority given to tribal, disadvantaged, and low-income communities. Applications closed October 29, 2025; the window built on the CALeVIP program's first Fast Charge California window, which had already awarded roughly USD 54 million toward more than 1,200 fast-charging ports across 35 counties.

The UK's state-owned National Wealth Fund (NWF), wholly owned by HM Treasury, made a £50 million (c. $66.4m) equity investment in AMP Clean Energy, backing the Asterion Industrial Partners-owned developer's rollout of "Battery Box" micro-scale battery storage sites connected to local distribution networks near demand centres (homes, schools, hospitals) across England, Scotland and Wales. The deal is intended to strengthen local grid flexibility and support industrial decarbonisation, and is explicitly tied to the government's Clean Power 2030 mission.

Export Finance Australia (EFA), Australia's export credit agency, approved a AUD 100 million loan to Toll Holdings Pty Ltd on 29 July 2025 to finance the logistics group's infrastructure and supply-chain expansion across Southeast Asia and South Asia. The loan is delivered under the government's Southeast Asia Investment Financing Facility (SEAIFF), a broader AUD 2 billion vehicle supporting Australian trade and investment engagement with the region, and aligns with the "Invested: Australia's Southeast Asia Economic Strategy to 2040." No tariff or market-access measure is involved — this is state export finance directed at a single named beneficiary.

On 29 July 2025, the Government of British Columbia signed a CAD 200 (USD 144.9) million contribution agreement with Haisla Nation to fund the electrification infrastructure needed to run the Cedar LNG export terminal near Kitimat on clean B.C. grid power rather than on-site natural gas. The funding covers a new 287-kilovolt transmission line, a new substation, new distribution lines, and nearshore electrification, and adds to CAD 200 million in federal support for the facility announced earlier in 2025. Cedar LNG is a floating LNG terminal jointly owned by Haisla Nation and Pembina Pipeline Corporation, scheduled to begin operations in late 2028.

The Canada Infrastructure Bank closed a CAD 24 million (approx. USD 18 million) loan to the Onimiskiw Opitciwan Limited Partnership, owned by the Atikamekw of Opitciwan First Nation in Northern Quebec, to build and operate a 4.8-megawatt biomass cogeneration facility. The plant will burn bark, sawdust and woodchips from an adjacent sawmill to generate electricity and process steam, displacing an estimated 4.6 million litres of diesel per year and cutting over 11,000 tonnes of emissions annually for the remote, diesel-dependent community of 2,500 people.

On 23 July 2025, the Quang Binh Branch of the Vietnam Development Bank (VDB) signed an investment credit loan agreement with Hon La Port Joint Stock Company for VND 818.651 billion (~USD 31.2 million), financing part of the VND 2,299 billion Hon La International General Port Project in Dong Hoi City, Quang Binh Province. The loan carries a 20-year term and finances a two-phase, 39.22-hectare port development with four berths for vessels up to 70,000 DWT, intended to serve the Hon La Economic Zone and regional transshipment needs.

The European Investment Fund (EIF), part of the EIB Group, committed EUR 75 million (~USD 87.8 million) on 21 July 2025 to Serena Infra II, an infrastructure growth fund managed by Spain's Serena Industrial Partners targeting a EUR 250 million final close. The fund will deploy EUR 25-30 million equity tickets into eight to ten early-stage European infrastructure projects in biogas/biomass, water systems and modern mobility — segments often overlooked by conventional financiers due to early-development risk. The commitment is backed by the EU's InvestEU programme. Global Trade Alert separately logs the transaction as a "red"-flagged state-linked financial investment-support intervention.

On 21 July 2025 the African Development Bank Group's Board of Directors approved a EUR 100 million (~USD 116.6 million) loan to Morocco for an Inclusive Solidarity-Based Agriculture Program targeting women and youth entrepreneurs. The program funds new agricultural production and service infrastructure, tailored financing and incentive mechanisms, and technical/financial support systems to boost food security and climate resilience among small-scale farmers, in support of Morocco's Green Generation 2020-2030 Strategy, National Solidarity Agriculture Program, and National Youth Entrepreneurship Program. Global Trade Alert logs the transaction as a state-linked in-kind grant/development-finance intervention.

The New Development Bank (NDB) Board of Directors approved a RMB 1.448 billion (~CNY 1.45 billion, ~USD 200 million) sovereign loan to the People's Republic of China on 14 July 2025 to finance the Shanxi Taiyuan Wusu Zero-Carbon Airport Project. The project will convert Taiyuan Wusu International Airport into China's first zero-carbon airport via over 100 MW of installed solar capacity, a pilot PV-Energy Storage-Direct Current-Flexible Loads (PEDF) system, and 100% renewable-based heating and cooling — a first among China's regional hub-scale airports. Shanxi Aviation Industry New Energy Company (SAINE), a joint venture of Shanxi Aviation Industry Group (SAIG) and two government-owned geological-engineering and industrial-construction enterprises, will implement the project between 2025 and 2029. NDB below-market development-bank pricing functions as an indirect state-adjacent subsidy for the build-out.

The Nordic Investment Bank (NIB) signed a 9-year, EUR 27.5 million (DKK 205 million) loan with Denmark's BioCirc Group on 8 July 2025 to co-finance carbon-capture infrastructure at five of the company's eight biogas plants. The financing, backed by the InvestEU programme, funds equipment to clean and liquefy captured CO2 for transport to Project Greensand, a Danish-led consortium storing CO2 permanently under the North Sea. It is NIB's first InvestEU-backed loan in Denmark and its first project-financed loan for carbon capture and storage technology, with the financed capacity expected to remove at least 130,000 tonnes of CO2 annually once operational in 2026.

Japan Bank for International Cooperation (JBIC), Japan's state export-credit and outbound-investment finance institution, signed a loan agreement on 2025-06-27 providing USD 252 million toward a syndicated facility for White Eagle Energy Limited, a Cyprus-registered special-purpose vehicle wholly owned by Mitsui O.S.K. Lines (MOL). Co-lenders are Sumitomo Mitsui Banking Corporation and Crédit Agricole Corporate and Investment Bank. The facility finances White Eagle's acquisition of a newly built floating storage and regasification unit (FSRU) — Poland's first — which will be chartered to Operator Gazociągów Przesyłowych GAZ-SYSTEM S.A., Poland's state-owned gas transmission operator, under a leasing/operation/maintenance arrangement.

The Canada Infrastructure Bank, a federal Crown corporation, committed a CAD 1 billion (approx. USD 734.9 million) below-market-rate credit facility to BC Ferries, split into a CAD 690 million tranche for four new hybrid "Major Vessels" and a CAD 310 million tranche for terminal electrification infrastructure. The financing replaces vessels between 48 and 61 years old and is projected to save BC Ferries roughly CAD 650 million in interest costs over the loan term versus private-market financing. The vessel-construction contract was separately awarded to China Merchants Industry Weihai Shipyards (CMI Weihai), a Chinese state-owned shipbuilder, making this a case of Canadian federal concessional financing underwriting offshore (Chinese) vessel procurement rather than domestic shipbuilding capacity.

The Canada Infrastructure Bank committed a CAD 50 million (approx. USD 36.5 million) loan to Creative Energy, an operator of district energy systems, to finance deep-decarbonization building-retrofit projects in British Columbia and Ontario. The financing is part of CIB's Building Retrofits Initiative, under which the Bank has committed more than CAD 1.2 billion to sustainable building upgrades. The flagship project under the loan retrofits 12 buildings at Thompson Rivers University in Kamloops, BC, switching from natural-gas heating to a centralized air-source/water-source heat-pump district system projected to cut heating-related emissions at the campus by 95%.

On 25 June 2025 the Government of Ontario announced the CAD 15 million (~USD 11 million) Ontario Shipbuilding Grant Program (OSGP), part of a wider CAD 215 million package to support the province's shipbuilding and marine sector. OSGP offers non-repayable grants covering up to 50% of eligible project costs for skills training, infrastructure improvements, and machinery/equipment purchases at Ontario shipyards. The stated purpose is to expand provincial shipbuilding capacity in support of Canada's National Shipbuilding Strategy and to bolster Ontario manufacturers facing US tariffs and economic uncertainty; applications opened in late July 2025 via Transfer Payment Ontario, with a first intake running July-September 2025.

Italy's Ministry of Infrastructure and Transport (MIT) launched the "LogIN Business" grant scheme, a EUR 157 million PNRR (Next Generation EU) measure under sub-investment M3C2-I.2.1.3, to fund digital transformation at freight transport and logistics companies. The scheme, implemented via state-owned RAM S.p.A., co-finances (grant or de-minimis regime) at least 8,350 Italian and EU-based firms for interoperability with the National Logistics Platform (PLN), e-CMR document dematerialisation aligned with eFTI, and load-planning/route-optimisation systems, with 40% of funds reserved for Southern Italy. Applications opened via RAM S.p.A.'s dedicated portal with a 17 September 2025 deadline.

The Canada Infrastructure Bank, a federal Crown corporation, reached financial close on a CAD 55 million enabling-infrastructure loan to Torngat Metals Ltd., its first investment in the critical minerals sector. The loan funds early-stage work — utility connections, airstrip rehabilitation, and infrastructure upgrades — ahead of construction of an open-pit mine and concentration plant at the Strange Lake rare earth deposit (Nunavik, Quebec) and a separation plant in Sept-Îles. The financing is paired with a separate CAD 110 million bridge facility from Export Development Canada, bringing combined federal support to CAD 165 million, and is framed by CIB as advancing the Canadian Critical Minerals Strategy.

The UK's state-owned National Wealth Fund (NWF), wholly owned by HM Treasury, committed £50 million as part of a wider capital raise for Wessex Internet, a regional full-fibre operator serving rural Dorset, Somerset, Hampshire and Wiltshire. The financing, alongside existing shareholder Aberdeen Investments and an extended Triodos loan, backs Wessex's expansion from roughly 40,000 to 137,000 connected premises and underpins £72 million of BDUK Project Gigabit subsidy contracts already awarded to the company.

The European Investment Fund (EIF), part of the EIB Group, signed guarantee agreements on 12 June 2025 with 11 Spanish finance companies — Andbank (via Actyus Growth Finance), BBVA, CaixaBank, EBN Banco, ICF, Inveready, Kutxabank, MicroBank, Santander, Tresmares and Unicaja (via Seneca Direct Lending) — to mobilise EUR 2.5 billion in new financing for Spanish SMEs and mid-caps. The guarantees are funded through Spain's Regional Resilience Fund under the Recovery, Transformation and Resilience Plan (NextGenerationEU), combined with EIF own funds, and were announced at a Madrid event with Spain's Ministry of Economy, Trade and Enterprise. More than 6,000 companies are expected to benefit, targeting investment in research, development and innovation, energy efficiency, the social economy and digitalisation. Global Trade Alert separately logs the transaction as a "red"-flagged state-linked lending-support intervention.

On 12 June 2025 the UK Department for Energy Security and Net Zero announced approximately GBP 200 million (subject to business case) in development funding for the Acorn carbon capture and storage (CCS) project at St Fergus, Aberdeenshire, and for National Gas's SCO2T Connect pipeline, which repurposes 175 miles of existing gas pipeline plus 35 miles of new-build pipeline to carry CO2 captured at Grangemouth to North Sea storage. The award forms part of a wider GBP 9.4 billion Spending Review 2025 commitment to carbon capture, utilisation and storage (CCUS), alongside a parallel award to the Viking CCS project in the Humber. Government cites up to 15,000 jobs at Acorn's peak construction and the safeguarding of an estimated 18,000 existing North Sea jobs.

On 11 June 2025 the European Investment Bank (EIB) and Deutsche Bank signed a EUR 500 million framework loan agreement, enabling roughly EUR 1 billion in on-lending to small and medium-sized enterprises (SMEs) in the European security and defence supply chain, as well as military and police infrastructure such as training facilities. It is the first operation signed under the EIB's Pan-EU Security & Defence Lending Envelope, which was tripled from EUR 1 billion to EUR 3 billion around the same date, and was unveiled by EIB Group President Nadia Calviño at the European Defence and Security Summit in Brussels.

The Canada Infrastructure Bank committed CAD 108.3 million (approx. USD 78.9 million) to the 102.2-megawatt Mesgi'g Ugju's'n 2 (MU2) wind farm in the Gespe'gewa'gi (Gaspesie-Iles-de-la-Madeleine) region of Quebec. The financing comprises a CAD 15.8 million equity loan to the Mi'gmawei Mawiomi Business Corporation (MMBC) — CIB's first Indigenous equity loan in Quebec — and a CAD 92.5 million construction loan for the project as a whole. MU2 is a partnership between MMBC, representing the Gesgapegiag, Gespeg and Listuguj Mi'gmaq communities, and Innergex Renewable Energy Inc., with a 30-year power purchase agreement with Hydro-Quebec.

The Canada Infrastructure Bank (CIB) and Scotiabank announced a CAD 100 million (approx. USD 73 million) financing partnership under CIB's Building Retrofit Initiative (BRI), CIB's second partnership with a Canadian financial institution under that program. Scotiabank Commercial Banking Real Estate clients — owners of commercial, industrial, office, and multi-residential buildings — gain access to low-cost financing for deep energy retrofits (envelope upgrades, HVAC electrification, automation/fuel switching, lighting, EV charging) that cut a building's emissions by at least 30%. Scotiabank markets, originates, underwrites, and administers the loans on the partnership's behalf; CIB has now committed more than CAD 1 billion under the BRI overall.

The Canada Infrastructure Bank closed a CAD 97 million (approx. USD 70.7 million) loan to finance the 84-megawatt Wedgeport Wind project in the Municipal District of Argyle, Nova Scotia. The project is a partnership between Elemental Energy, Stevens Wind and Sipekne'katik First Nation (SFN), and comprises 12 Nordex seven-megawatt turbines built under Nova Scotia's Rate Based Procurement process. It is CIB's second partnership with Elemental Energy and SFN following an earlier Nova Scotia wind deal.

Export Finance Australia (EFA), Australia's export credit agency, signed a AUD 100 million loan to QGIF Swan Bidco Pty Ltd during FY2024/25, publicly disclosed via EFA's 2024/25 transaction register (published 2 September 2025) and dated 29 May 2025 by Global Trade Alert. QGIF Swan Bidco is the acquisition vehicle QIC's Global Infrastructure Fund used to take Pacific Energy Limited (ASX: PEA) private in 2019-20; Pacific Energy builds, owns and operates off-grid power generation for mining companies and remote communities, chiefly in Western Australia. The transaction is booked under EFA's Commercial Account, industry code "Mining," goods/services "Other Electricity Generation."

UK Export Finance (UKEF) confirmed support with a maximum liability of approximately GBP 98.5 million (~USD 132m) for Iraq's Five Substations Project, categorised as a Category B (site-specific environmental/social impact) transaction. The guarantee backs a Standard Chartered-arranged facility to the Iraqi Ministry of Finance financing UK Grid Solutions Limited (a GE Vernova subsidiary) to design, supply, construct, install, test and commission five new electrical substations — New Al Rifai, Al Rumaitha, North Kirkuk, Al Khalidiya South and Al Sawada — as part of Iraq's Ministry of Electricity national grid development plan.

The Government of Maharashtra, Transport Department, notified the Maharashtra Electric Vehicle Policy 2025 on 23 May 2025 (Government Resolution No. 202505231834008229) after Cabinet approval on 28 April 2025, with retroactive effect from 1 April 2025 through 31 March 2030. The five-year policy carries an INR 1,993 crore (~USD 235 mn) headline outlay — comprising approximately INR 1,740 crore in purchase incentives, INR 100 crore in charging-infrastructure viability gap funding, and balance allocations for manufacturing incentives, R&D, skilling, and scrappage support — representing a 114% increase over the INR 930 crore outlay of the prior 2021–2025 policy. Targets include ~30% of all new vehicle registrations in Maharashtra to be electric by 2030, a charging station every 25 km on state and national highways, and a 10% base-price subsidy on electric two- and three-wheelers, private and public buses, and passenger vehicles (with an additional 5% top-up for goods-carrying 3W/4W, agricultural tractors, and combine harvesters). The instrument is sectoral and EV-only — distinct from the umbrella Maharashtra Industry, Investment & Services Policy 2025 (filed separately).

NIB, the multilateral development bank owned by the eight Nordic and Baltic member states, signed a EUR 30 million, 15-year loan with Norwegian utility Sogn og Fjordane Energi AS (SFE) to finance the rebuild of the Øksenelvane hydropower plant in Western Norway. The new station, built alongside the existing 70-year-old facility to keep generation running through construction, will add roughly 21 GWh/y of output and nearly quadruple capacity, with completion expected in 2028. NIB's below-market development-bank funding cost functions as a state-adjacent subsidy for Norwegian renewable-energy infrastructure.

KfW IPEX-Bank, the export- and project-finance arm of German state development bank KfW, announced on 15 May 2025 a EUR 50 million loan to IONITY GmbH to expand and upgrade its High Power Charging (HPC) network along highways and in urban centers, with a stated focus on Germany, France, Sweden and the UK. IONITY is a joint venture of BMW Group, Ford, Hyundai Motor Group, Mercedes-Benz, Kia and Volkswagen Group (Audi and Porsche), together with BlackRock's Climate Infrastructure Platform as financial investor. The network currently operates roughly 750 charging sites and over 5,000 charging points across 24 European countries, with station output up to 400 kW and 100% renewable-sourced power.

On 13 May 2025, Vietnam Development Bank's Transaction Office I (Sở Giao dịch I) signed a state investment credit contract for VND 317.2 billion (~USD 12.7 million) with Xuân Mai - Hà Nội Clean Water Transmission Company, a member of AquaOne Group. The loan covers roughly 40% of Phase 1A investment in the Xuân Mai water transmission pipeline and pump-station system, which will supply up to 300,000 m3/day to southwestern Hanoi (Hà Đông district and surrounding rural communes). VDB signed a parallel VND 523.9 billion loan the same day for the Hòa Bình 500kV transformer station project.

The UK's state-owned National Wealth Fund (NWF) provided a £600 million loan to ScottishPower (a subsidiary of Spain's Iberdrola) as part of a wider £1.35 billion financing package arranged by Bank of America and a syndicate of commercial banks. The financing accelerates capital deployment for seven of ScottishPower's priority transmission-network upgrade projects, including the Eastern Green Link 1 (EGL1) subsea interconnector and substation/overhead-line reinforcement work at five locations across Scotland. The projects aim to reduce grid congestion, connect more renewable generation, and lower system costs for consumers.

The European Commission approved, under EU State aid rules (Case SA.111368), Italy's reintroduction of tax and social-security relief for shipping companies that register vessels in the Italian International Register ("Registro Internazionale"). The scheme, worth an estimated EUR 5.4 billion, runs for a ten-year period from 1 January 2024 to 31 December 2033 and grants qualifying operators — including cruise-ship shipboard concessionaires — corporate income-tax reductions, withholding-tax credits, and exemptions from seafarer social-security and welfare contributions. The stated aim is to encourage ship registration under EU/EEA flags, strengthen the competitiveness of the Italian-flagged fleet, and raise compliance with EU social, environmental and safety standards; undertakings in financial difficulty are excluded.

UK Export Finance (UKEF) disclosed a Category B environmental review for a buyer-side financing facility with a maximum liability of approximately GBP 573 million (~USD 768m) supporting Angola's Ministry of Finance in procuring critical infrastructure rehabilitation across Benguela province. The facility, arranged by Standard Chartered Bank, finances a contract between Angola's Ministry of Public Works and Spatial Planning and UK exporter Innovo Projects Limited covering 22 sub-projects: water supply, drainage and flood-risk management, road rehabilitation and pedestrian crossings, restoration of historic buildings, and community facilities including marketplaces and beachfront areas.

On 30 April 2025, the European Investment Bank (EIB) signed a long-term credit facility of up to EUR 450 million with EWE AG, one of Germany's leading regional energy and infrastructure companies, to finance the renovation, reinforcement and extension of medium- and low-voltage electricity distribution infrastructure in Lower Saxony (Niedersachsen). The facility is the largest EIB loan EWE has received and supports a total investment programme of more than EUR 700 million between 2025 and 2028, covering over 2,600 km of new underground power lines and more than 1,100 new or modernised substations. Global Trade Alert logs the financing as a "red" state-loan intervention on the grounds that EIB funding to a regional grid operator constitutes below-market state-linked support.