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03 December 2019
in
Power, Renewables

US power's new merchant frontier

US lenders are still more happy adding a little merchant risk to proven power technologies than taking a leap into the unknown. Proximo reviews current market trends with...

27 November 2019
in
Transport

Will Brebemi's refinancing put it on the road to profitability?

How do you refinance a toll road that has been making losses since it opened in 2014? Brebemi appears to have done so – but the debt is not cheap and the solutions to the...

19 November 2019
in
Renewables

Developing a more sophisticated take on offshore wind yields

Orsted's share price took a battering recently when it announced downward revision of predicted returns from its offshore wind portfolio due to wake and blockage effects....

11 November 2019
in
Oil & gas

JTB: More than just a gas deal

Pertamina EP Cepu's recent Jambaran-Tiung Biru project financing was a first on many levels for Indonesian oil and gas, setting benchmarks for multi-sourcing debt and...

07 November 2019

Tunnel vision: Lessons (not) learned from infrastructure work-outs

As surely as bust follows boom, project work-outs follow a loosening of deal structures. And lenders need to learn to keep forecasts realistic. Proximo hosts...

04 November 2019
in
Renewables

Saint Nazaire: A first financing for French offshore wind

France’s first offshore wind farm project financing – the 480MW Saint Nazaire scheme – had an extended deal gestation of over seven years after facing several legal and...

29 October 2019
in
Renewables

DEWA V: Rejigging the solar math

Dubai Electricity and Water Authority (DEWA) pulled in record low tariff offers this month for its latest 900MW solar PV scheme – DEWA V. But there is no promise from...

28 October 2019
in
Renewables

Taiwan offshore wind: New angle – new uncertainties

With the sponsors of the Formosa 2 offshore wind project concluding the final details of an ECA-backed debt financing, confidence in the bankability of Taiwan's...

23 October 2019
in
Renewables

Da Mi: A floating solar first for Vietnam

The DFI-backed Da Mi floating solar power project financing has proved the viability of such schemes in Vietnam. But the government needs to provide more lender comforts...

22 October 2019

Green bond pricing, meet Green Bond Principles

Green certification is very popular with bank and corporate bond issuers, but project bond and emerging market issuers have been more wary. Proximo talks market...

18 October 2019
in
Power, Renewables, Transport

Don't go cold Turkey

Turkey has long been the European comeback king of project and trade borrowing. And against all the economic odds, the cost of debt in both markets appears to be falling...

14 October 2019

Cloudy outlook: Challenges in infrastructure finance

The macro backdrop to infrastructure finance development hasn't been so cloudy for over a decade. Perspectives from Joe Blenkinsopp, AXA; Kerry Alexander, Scottish...

11 October 2019
in
Power, Renewables

Latin America's renewable ambition

Low tariffs and successful developments mean that Latin America has become the prominent emerging markets renewables success story. But governments are following up with...

11 October 2019
in
Power

After GNA 1: An upcoming Brazilian LNG-to-power finance handover?

Following the recent financial close on GNA 1, and the Sergipe project the previous year, is the Brazilian LNG-to-power sector ready for commercially banked deals with...

07 October 2019
in
Power, Renewables

US power: New offtake opportunities - and new risks

The US power power finance market sees changes in debt terms and new enhancement products, but challenging offtake risks. Proximo hosts US project finance banker Jonathan...

03 October 2019
in
Renewables

Italian solar’s securitisation boost

Securitisation has emerged as a useful way for Italian banks to manage their exposures to the country’s PV sector. Could it also fuel a resumption in development...

02 October 2019
in
Renewables

West Bakr: Borrowed template with better pricing

Lekela Power’s DFI-backed financing for its 250MW West Bakr wind project borrows heavily from the Gulf of Suez wind template in 2017. While there have been improvements...

25 September 2019
in
Metals and Mining

New mining capital - meet old risks

Bank debt, ECAs, DFIs, streams, and high yield debt. Mine developers have many financing options, but need to take care to cover off key risks. Proximo speaks to Global...

20 September 2019
in
Telecoms and Communications

Data centres: Do the risks and rewards compute?

Data storage capacity looks set to grow exponentially in the coming years. But it’s still unclear whether the risks and rewards will equate to a booming new asset class...

19 September 2019

What the infrastructure investors say (part two)...

In a roundtable sponsored by international law firm Paul Hastings, nine major debt and equity investors debate key issues affecting the now and future of the...