Sponsors of the Nam Theun 1 hydro project in Laos closed a tightly priced ECA-backed facility last month. The deal, which took three years from start to finish, has...
The five-year development finance institution (DFI) funding package for a new oil-fired plant in Guinea might go some way to alleviating the country’s chronic power...
Five years on from the Mexico's landmark energy sector reforms, a spate of recent financings – one without DFI backing – support market expectation that the pace of...
In an otherwise modest series of proposals for US infrastructure are some measures that might increase the number of brownfield assets coming to market. But states –...
The UK Guarantee Scheme was not designed for financing mining projects. But Sirius Minerals, which has already overcome significant hurdles to its North Yorkshire...
Nigeria’s plan to finance 14 utility-scale solar IPP projects by the end of June 2018 is looking uncertain. Potential DFI appetite is waning as state-owned offtaker...
Ukraine’s state-owned nuclear generator has closed a bond issue for a nuclear waste storage project at a cheaper rate than its parent, thanks to a first-of-its-kind...
The cost of generating offshore wind power in Europe is finally being driven by the economics of the industry rather than the government subsides that founded it. But has...
Coronal Energy’s hedge on a 30MW PV portfolio was not a textbook use of kWh Analytics’ new solar revenue put. But it might be having the desired effect on banks’ term...
Donor-backed bond insurer InfraCredit has wrapped its first issue – a N10 billion local currency bond for a Nigerian captive power developer. What are the long-term...
A pioneering loan/bond financing for Colombia's Ruta al Mar highway project may serve as the shot in the arm needed to reignite appetite for the country’s 4G roads...
Colombia’s EPM finally has a long-term debt package in place for the Ituango hydro project. The deal demonstrates a significant broadening of EPM's lender base beyond...
The latest revisions to Basel III are generally good news for banks. But they’ll still have to do more to manage their project finance loan books.
The December 2017 finalisation of the Basel III framework offers some good risk weighting news for smaller multilaterals. Could this help channel more funding to emerging...
Institutional debt is becoming increasingly viable for sponsors of European offshore wind as investors become more comfortable with the asset class.
The restructuring of Greece’s power sector continues with a novel proposal to monetise PPC customer receivables. If the deal happens, it is likely to be one of the first...
With few exceptions, US travellers have little love for inter-city rail travel. Having pulled off a $600 million non-investment grade PAB issue for its Brightline private...
A clutch of Canadian battery storage deals suggests that non-recourse financing is available for developers – but at a price.
The Myingyan IPP financing – Myanmar’s debut in the project finance market – has set the blueprint for future deals. But considerable regulatory change is still needed to...
With Russia’s economic climate improving in 2017, the country has seen an injection of investment commitments into infrastructure from Asia and the Middle East. Some...
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. But the long term effect of better productivity data is likely to be a positive for the market.
European solar is predicted to balloon again in the next two years. But with the move to merchant, a relatively seminal corporate PPA market, development of solar-plus-storage and some very different benefits in different country jurisdictions, there is still very little that is vanilla about financing the sector.
The macro backdrop to infrastructure finance development hasn't been so cloudy for over a decade. Perspectives from Joe Blenkinsopp, AXA; Kerry Alexander, Scottish Futures Trust; Akihiko Sato and Phillip Hall, MUFG; Roland Schmidt, VIFG and Severin Hiller, Rivage Investment.
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 AlixPartners' Frank Pometti and Berkeley Research Group's Michael Whalen.