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17 February 2020
in
Renewables

Polish offshore wind: New market – old questions

Despite progress on Polish offshore wind legislation, there are still questions around local content requirements, local liquidity and local currency-denominated PPAs...

13 February 2020
in
Telecoms and Communications

Satellite finance: Learning from launch failures

Despite an occasionally patchy record, satellite operators benefit from strong support from ECAs, high-yield investors and some banks, and data is driving ever-greater...

07 February 2020
in
Oil & gas

Amur GPP: Better than the black stuff

The heavily ECA-backed financing for Gazprom's Amur gas processing project has set new tenor and volume benchmarks for both the sponsor and Russian oil and gas – even...

31 January 2020

ESG and infrastructure – do the numbers stack up?

Cost or cost benefit? Green or greenwash? What does the increasing focus on ESG compliance bring to the infrastructure market and is an impractical take on ESG in danger...

28 January 2020
in
Metals and Mining

Kenmare rejigs Moma debt

Ireland-based Kenmare Resources returned to the debt markets in December to refinance the remaining debt backing its Moma titanium mine in Mozambique. The deal has a new...

27 January 2020
in
Oil & gas

RBL lenders worry about more than oil prices

The reserves-based loan is moving outside its heartlands in the North Sea and US, and outside its commercial bank niche. But while oil price falls led to minimal distress...

24 January 2020
in
Power, Renewables

Tying lenders in knots

The aspirations of the EU Green Deal and the bloc's adoption of CRD IV are contradictions that leave lenders and borrowers confused - and more significantly a potential...

16 January 2020
in
Metals and Mining

Getting Sirius out of a funding hole?

Anglo American last week went public with its intention to lodge a takeover bid for Sirius Minerals’ struggling Woodsmith polyhalite mining project in the UK. For Sirius,...

07 January 2020
in
Oil & gas

North Sea M&A: Time to buy or sell?

The M&A market for North Sea oil assets has been running in hyperdrive. Norway still has room for upside, but with many rushing for the exit in the UK, is it set to...

02 January 2020
in
Power, Renewables

Counting the cost: Mexico's potential New Year power bill shocker

Market participants warn that the Mexican government’s recent changes to CEL regulation in the electricity sector may backfire – and could lead to significantly higher...

23 December 2019

The Proximo 2019 Festive Trends Round-up

In a year of immense change for energy, infrastructure and project finance, Proximo Transmission's regulars pick the trends that mattered in 2019 - and the trends that...

20 December 2019
in
Power, Renewables

PLN to plug back into project debt for 2020

Indonesia’s state-owned power utility PLN has yet to close a single power project financing in 2019 amid a year of economic slowdown and elections. However, Teguh...

17 December 2019

Filling the gap with an emerging markets debt fund

Could emerging markets benefit from the presence of a bond market with an expansive definition of infrastructure and a willingness to look at a wide universe of issuers?...

13 December 2019
in
Power, Renewables

Chilean power: Financing strategies for a market in transition

With Chilean power going green by 2040, and growing demand from domestic corporate energy buyers for renewables offtake, coal-fired power operators are having to look at...

12 December 2019
in
Power, Renewables

Hedging perfection in US power?

Commodity hedges have evolved, but the challenges to providers and asset owners have continued. In the last of a series on US market risk, Proximo talks to Paula Torres,...

09 December 2019
in
Transport

German rail: New trains – new drivers

Institutional investors are starting to finance the German passenger rail markets thanks to two innovative deals this year for networks in Ulm and Sachsen-Anhalt. And the...

03 December 2019

Junior first loss vs covered bonds – what's best for your portfolio?

The Mariner-developed junior risk transfer product is almost a mainstream way of laying off project finance exposures. But does it need more counterparties, and might...

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....