Initially launched as a PPP in 2013, Ivory Coast has decided to keep the Bpifrance-backed financing of the Abidjan Metro on the government books. Alain Descamps, chairman of the STAR consortium, the project's EPC contractor, talks about the viability of using the financing template for other large-scale rail networks in West Africa.
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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.