Features

Analysis, interviews, roundtables, reports and more on the topics that matter to you.

Perspective
03 May 2019

RAPID: Putting G for gravy train and E for empty into ESG

In:
Oil & gas
Region:
Asia-Pacific
Reporter
The $15.3 billion RAPID project in Malaysia is nearing completion and financial close on $9.7 billion of partially ECA-backed facilities, with margins at record lows, looks likely by September. But does lender appetite for this deal – an oil refinery priced much cheaper than an offshore wind project of arguably comparable risk profile and credit strength – undermine the credibility of banks and ECAs that claim to take environmentally responsible lending seriously?

Exclusive subscriber content…

If you are a Proximo subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or take a free trial for limited access to news and newsletters

Free trial


You might also like


Perspective
15 March 2024

Egypt and Morocco: How to sustain infrastructure investment

North Africa’s two leading markets have taken very different approaches to encouraging energy and infrastructure investment. Which path looks more sustainable?

Perspective
22 March 2024

Basel's sledgehammer approach to US tax equity

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...