Proximo interviews Lyudmil Banev, a director at NatWest, about the growing popularity of portfolio financings in the European renewables space. Topics discussed include accommodating a variety of revenue streams across portfolios, handling different regulatory regimes, key risks for lenders, and merchant or partially merchant portfolios.
Brazil's new infrastructure law has been broadly welcomed by the project finance market. In addition to providing stimulus for a wider infrastructure investor base, the law has eased initial angst that BNDES will return to its old ways and start crowding out the private sector from infrastructure and energy finance.
With its mixed bag of offtake contracts that include a merchant element, the Aguas Pacifico project financing has pushed the envelope on structuring lender comforts for Chilean desalination projects. And with Chile expected to double desalination capacity by 2030, the project’s template is almost certain to be repeated.