Interlink Launches a Fund for Geothermal Energy Development in Latin America in Partnership with KfW Development Bank in Germany
The German government’s KfW Development Bank in conjunction with the European Union has launched a €55 million geothermal power fund for Latin America to focus on early stage development managed by Washington, DC-based, IDA Fund Management, LLC. Known as the Geothermal Development Facility (GDF), the goal is to be a catalyst to 350 MW of installed geothermal power capacity in Latin America over the next ten years. GDF will achieve this by providing feasibility study funding of as much as €600,000 and exploratory drilling funding for up to €5.8 million per project to qualified applicants in Chile, Bolivia, Peru, Ecuador, Colombia, Costa Rica, Nicaragua, Honduras and Guatemala. GDF expects to close a second round of significant funding from KfW and other Development Finance Institutions later this year.
Recent updates report that Interlink’s partnership with Power Africa (USAID) is yielding encouraging results in the effort to provide access to electricity to millions of under-served people on the African continent. Thus far, through the combined work of technical and legal experts, the private sector, and governments from around the world, Power Africa has financially closed projects worth an estimated $57 billion. These developments are not only bringing power to over 44 million people on Africa, but also strengthening the U.S. economy through exports and job creation.
Read more about it here and visit Power Africa’s website
ExWorks Capital funds a record number of transactions. Click here for a sample of the deals completed in 2016.
Alan Beard Speaks at the TXF Americas 2017 Conference on Project, Export & Commodity and Trade Finance
Alan Beard participated in the TFX Americas 2017 Conference: Project, Export, Commodity & Trade Finance on February 2, 2017, which attracted 200 leading trade figures to Miami for two days of networking, learning and debate. The focus of the conference was analyzing the present macroeconomic environment, and the aforementioned four areas of finance: Project, Export, Commodity and Trade. Alan moderated the “Saving Grace - Renewables Financing” Project Finance workshop, which discussed the financing of renewable projects in Latin America and the role green bonds can play in them. Also discussed were the interests capital markets could have in Latin American renewable projects, and what banks can do to ensure profitable involvement.
Alan Beard participates in the Panel: Bridging the SME Trade Finance Gap— Challenges and Solutions: The so called “Trade Finance Gap” continues to put a brake on economic growth and job creation, particularly in the small and medium-size enterprise (SME) segment. Banks are constrained by new regulatory capital requirements and the increased KYC/AML compliance burden associated with financing SME’s. In this session, we’ll discuss the state of financial and technological innovation that’s enabling non-banks to offer transactional, event driven, and corporate development finance in what has traditionally been a bank-dominated field. Each of the panelists brings a different perspective and insight into developments that promise to have a wideranging, long term impact.
Yenigun was appointed by the Ministry of Public Procurements (MINMAP) of Cameroon in cooperation with AFLLC/AECOM consortium to construct the Douala-Japoma stadium, which will host the 2019 Africa Cup of Nations. The ground was broken and construction began after project financing was obtained from BGFI Bank and the Turkish ExIm Bank. Interlink Capital Strategies and its affiliate Pacific TriStar Equipment, an Overseas Private Investment Corporation (OPIC) backed entity based in West Africa, coordinated with Yenigun in obtaining this $232 million USD contract.
The Geothermal Development Facility for Latin America (“GDF” or the “Fund”) is a privately managed, Mauritius-based foundation with an initial capitalization of €50 million from the German government (KfW), the European Union (EU), and Corporacion Andina de Fomento (CAF).
Link to Podcast
Stevensville, MD – 17 August 2016 International Green Structures (“IGS”) has fulfilled the first of three orders from the Viva Group (“Viva”) located in Mumbai, India. In March of this year IGS, VIVA and Capital Financial Strategies LLC dba Interlink Capital Strategies (“Interlink”) signed an MOU to initiate a Partnership, which allows significant market penetration of IGS products into India. This initial purchase provides Viva the materials to complete necessary research and development regarding the use of the sustainable building product in affordable housing and commercial buildings in India.
KfW Selects IDA Fund Management to Manage €50 Million Early Stage Geothermal Development Facility for 10 Latin American Countries
The German government’s KfW Development Bank in conjunction with the European Union has announced the launch of a €50 million geothermal development fund for Latin America to focus on early stage development of this important renewable energy resource. Using a similar approach to geothermal development in East Africa, KfW will provide feasibility study funding and exploratory drilling to qualified developers in Chile, Bolivia, Peru, Ecuador, Colombia, Costa Rica, Nicaragua, Honduras and Guatemala, as well as a technical assistance forum for the various stakeholders. It is envisioned that the fund will leverage European Union and German government investment with other donor institutions to aggressively develop geothermal resources in Latin America as an important source of renewable power to enhance the energy mix in the region.
The Partnership will allow Viva, a privately held land developer to extend its business ventures in the affordable housing market. Viva is currently involved in retail and commercial construction of retail and commercial businesses, Viva also has businesses in Education, Film and Cab industries. Viva plans to purchase Compressed Agricultural Fiber (CAF) Panels from IGS’s Worldwide Manufacturing Facility in Whitewright, TX to begin the R&D process and gain approval of the product in country. They will work with IGS to further explore access to financing in the US through US EXIM Bank and OPIC with the assistance of Interlink expertise with plans to open an IGS Manufacturing Facility in India.
Interlink advisors Richard Beard and Lew Cramer have both been selected as Utah Business' 2016 CEO of the Year honorees.
Atlas Mara Limited and ExWorks Capital are partnering to deepen trade between the U.S. and Africa. They will provide access to $200 million in trade finance for African businesses to buy goods made in the U.S.
According to the framework agreement, a variety of trade finance models are available to African businesses, including:
ExWorks Capital funds a record number of transactions. Click here for a sample of the deals completed in 2015.
The Commercial Finance Association (CFA) held its annual conference in Austin, TX on November 11-13. Alan Beard was asked to participate on a panel of experts to discuss the latest thinking in cross-border finance. “Participants heard how innovative disruption in data analytics is spawning new offerings in cross-border commerce from Reverse Factoring to Distribution Finance. Participants also learned how lenders are creating new structures to support exporters while Congress figures out the future of EXIM Bank. From financing international distribution of goods to distributing risk and assets, the panel of experts shared their knowledge and insights so participants could keep abreast of which trends will drive their business …. And which might threaten it.”.
Power Africa is a unique, private sector-driven effort that brings together over 90 private sector companies, many U.S. Government agencies, global donor agencies (e.g. the World Bank Group and the African Development Bank), and African governments that are committed to accelerating and stimulating further power sector investment. Power Africa aims to add more than 30,000 megawatts of cleaner, more efficient electricity generation capacity, as well as increase electricity access by adding 60 million new home and business connections throughout all of sub-Saharan Africa.
Interlink's Brady Edholm presents at a Vietnam- US Energy Forum. Giant US companies, such as Exxon Mobil, Murphy Oil, General Electric, and Westinghouse, are active in doing business in Vietnam, while US agencies, including the US Trade and Development Agency (USTDA) and the Overseas Private Investment Corporation (OPIC), have aided Vietnam in carrying out several energy projects.
Washington D.C. -October 21,2015, With the temporary expiration of the Ex-Im Bank from July 1, 2015 until December 4, 2015, many local businesses struggled to export their products as they had done for many years with the support of the Ex-Im Bank. The Ex-Im Bank has a renewed charter allowing ExWorks Capital to continue provide US companies with Ex-Im Bank backed financing options to export their products.
WASHINGTON, D.C. -October 6, 2014, ExWorks Capital announced it has successfully raised an additional $50 million in capital for premier fund dedicated to finance small and medium-sized exporters using support from US EX-IM Bank, the Private Export Funding Corporation (PEFCO) and other financial institutions. This makes ExWorks Capital one of the largest sources of capital for small business exporters.
As I watch some members of Congress attack the U.S. Export-Import Bank, I wonder why they ignore the high price we all would pay for its loss—especially small American businesses. What’s the next target, the Small Business Administration?
Washington DC -June 20,2014, ExWorks Capital LLC, a new company dedicated to financing U.S. exports, was recently approved to be an official exporter under the Framework Agreement signed between The Export-Import Bank of the United States and the China Ministry of Finance to promote the importation of goods and services made in the U.S. Last year USD 55.6 millions were used under this framework to support the export of American aircraft and agricultural machinery to China.
Washington DC - With the launch last year of ExWorks Capital, LLC, a specialty lender, which offers export financing solutions to underserved U.S. small to medium sized enterprises (SME's) and their qualified international buyers using U.S. Export-Import Bank (ExIm Bank) loan guarantees and insurance, we achieved three important milestones in the first quarter of 2014
The Dubai Economic Council (DEC) sponsored a symposium to discuss international trade finance and its impact to economic development. Among the key participants were FIIC, Deutsche Bank, Standard Chartered, and Pinsent Masons. Alan Beard moderated the panel "The Role of Export Credit Agencies" and John McAdams delivered a keynote about the crucial role that the U.S. Export-Import Bank plays in facilitating development finance to emerging markets.
To read the speech: John McAdams and the role of U.S. ExIm Bank
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WASHINGTON, D.C.—October 1, 2013, ExWorks Capital LLC, newly formed joint venture between Interlink Capital Strategies and RedRidge Finance Group (www.ExWorksCapital.com), which offers export trade financing solutions to underserved U.S. exporters and qualified international buyers using ExIm Bank loan guarantees and insurance, has announced that John McAdams will become its CEO.
WASHINGTON, D.C.—September 19, 2013, Interlink Capital Strategies (Interlink) and RedRidge Finance Group (RedRidge) today announced the capitalization of a new lending joint venture (ExWorks Capital, LLC) which will offer export trade financing solutions to underserved U.S. exporters and qualified international buyers using ExIm Bank loan guarantees and insurance.
Melak Investments and Interlink Capital Strategies Sign Teaming Arrangement to Finance Projects in Iraq
WASHINGTON, D.C.—August 13, 2013, Interlink Capital Strategies, a Washington, D.C.-based emerging market financial advisory firm, and Melak Iraq, an Iraq-based advisory firm offering investment and merchant bank services, signed a Teaming Agreement to cooperatively offer value added financial advisory and other professional services to existing and new clients seeking funding for their activities in Iraq.