CityFibre, the first major wholesale fibre financing in the UK with project and corporate-style elements, bodes well for UK fibre investors and lenders. But cost of debt and speed of UK roll-out might be significantly improved if the regulator adopted a more European stance to overbuild risk.
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Traditional infrastructure deals in Europe have been sporadic in the first half of 2022. But strong bank and investor appetite is keeping European project deal flow regular in the rapidly growing fibre sector.
In the face of rapidly increasing development costs, the US solar sector has witnessed a notable uptick in PPA prices. Higher prices may persist until inflation lessens and until greater regulatory security is offered to developers in terms of solar panel supply chains.
The successful close on the Kenhardt solar and storage portfolio marks a bright spot in an otherwise frustrating period in South African power. But battery technology probably still needs to develop a wider local lender following.