Morgan Stanley Infrastructure’s recent refinancing of the Red Oak power plant took the asset out of the bond market and into the bank market via a ‘hedge toggle’ structure. Twenty years on from Red Oak’s first financing, the US is still searching for workable power market structures. Could the ‘toggle’ help US power sponsors live with market uncertainty?
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North Africa’s two leading markets have taken very different approaches to encouraging energy and infrastructure investment. Which path looks more sustainable?
Tax equity investments in US renewables are so thoroughly derisked they are often less risky than construction loans. So why is Basel III proposing an increase in risk...
North Africa’s two leading markets have taken very different approaches to encouraging energy and infrastructure investment. Which path looks more sustainable?
Tax equity investments in US renewables are so thoroughly derisked they are often less risky than construction loans. So why is Basel III proposing an increase in risk weighting to 400% and will it happen?