ACEN’s divestment from the South Luzon coal-fired plant in the Philippines is billed as an energy transition financing, although it is not part of the ADB’s official ETM programme. Despite appearing to follow some of the principles of the ETM, the transaction’s structure is a little opaque and questions remain about the suitability of South Luzon for retirement before other plants.
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Project finance lenders are enjoying a high fiber diet in Germany where there are no signs yet of a slowdown in deals coming to market. So what is the blueprint for getting greenfield FTTH deals done relatively quickly in Germany? And can the model be applied more widely across Europe?
The Sao Paulo Linha 6/Laranja scheme is a pathfinder deal that exhibits BNDES’ new mantra on infrastructure investment, turns typical financing under a DFI umbrella on its head and provides local currency debt.