In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

Canadian Solar closes sale of 18MW portfolio to Sonnedix

Cem Erseven has joined COFCO as their new head of EMEA, structured financial markets and will be based in Switzerland – effective 7 January. 

Sponsors of the Rabigh 3 independent power and water project (IWP) in Saudi Arabia – ACWA Power, Saudi Brothers Commercial Company and Sidem – are expected to reach financial close next month on around $550 million of debt to fund the limited recourse scheme.

World Bank President Jim Yong Kim has made the surprise announcement that he is stepping down after six years in the post.

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