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...
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...
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...
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,...
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...
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...
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...
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...
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?...
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...
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,...
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...
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...
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...
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...
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....
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...
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...
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...
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...
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...
Veri Energy, a newly formed subsidiary of London-listed oil and gas producer EnQuest, is leading a redevelopment of the Sullom Voe Terminal on the Shetland Islands into a carbon storage and e-fuels hub. Veri's CEO Gavin Templeton discusses the company’s ambitions for this multi-phase transformation project.