Private credit is losing its share of the AI computing market at both ends. Hyperscale credits are migrating to banks, and the lower-rated borrowers to decentralised...

The deals that impressed - sometimes for size but more often for innovation - in 2025. With the project finance market looking to build resilience, these were the lessons...

Zenith Energy has gradually greened up its mining clients’ generation mix – though the process has been capital intensive. Its CFO Tim Cipolloni discusses its financing...

The Argentinian renewables generator deftly navigated domestic instability in pricing its second green bond. But DFI support from FMO and Proparco was a vital help in...

The project company for Ecuador's largest airport structured a well-priced refinancing that managed to leave country risk behind. But political and economic challenges...

Venture Global has gone from upstart developer to a listed champion of US plans for global LNG dominance. For its largest deal ever, it expanded its reach in the bank...

The demand for gas-fired power from hyperscalers’ AI ambitions is very real. But with build costs spiking, few offtakers want to get drawn into long-term bankable...

High quality carbon markets can be used to support non-recourse debt for large-scale afforestation projects.

Clarity is still lacking on the future policy direction of US infrastructure, and recent news from Congress has not been good. But the Proximo Congress 2025 had slightly...

Financings for UK anaerobic digester (AD) facilities have been small and have usually closed in the corporate and agricultural debt markets. Can consolidation and a shift...

Actis’s bond-financed acquisition of Enel’s Peruvian portfolio marked a high point for activity in the Peruvian market in 2024. Greenfield deals may not drive the market...

Two recent GIP-linked bond refinancings highlight the maturity of the Latin American project bond market. But decarbonising generation portfolios is a drawn-out process,...

Smarter risk allocation, rather than giant leaps forward, characterised the stand-out deals of 2024. Both banks and non-bank lenders wrote big tickets on occasion, but...

Indonesia will need to seriously pick up the pace of both renewables and coal retirement financing to meet a 2040 coal phase-out ambition. A lacklustre and...

Outsourcing heat and power delivery has an over 20-year history in the US. But a focus on sustainability is taking over from financial engineering as a key driver of...

Colombia’s Petro administration has not shown much enthusiasm for concession-based road financings. But the financing record of the last two years suggests that its...

Proximo spoke with Natalie Kedikoglou, general counsel (Greece) at Eldorado Gold Corporation to discuss the pathfinder Skouries gold mine financing. With EBRD...

Greek banks are increasingly liquid. But opinions are divided as to whether lenders or borrowers need to work harder to improve access to debt in the harder-to-reach...

As the voluntary carbon market rapidly evolves, it is attracting further scrutiny and questions surrounding governance and quality control. By Nicholas Neuberger,...

A year when commercial banks got more comfortable with spiky credits - and ECAs took market share on the biggest deals