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Latest Analysis
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Slow progress for Brazilian offshore wind
Renewables Latin AmericaBrazil is only just beginning to develop an offshore wind market but there are some first movers who are already jostling for position at the start line
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To lose Toulouse: sale of Toulouse-Blagnac
Transport EuropeOn the penultimate day of 2019, the audience finally saw the curtain descend on a remarkable French M&A farce. Construction company Eiffage closed on the acquisition of a 49.99% stake in Toulouse-Blagnac Airport from Chinese investors Casil Europe
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C&I solar developers weigh their options
Renewables North AmericaWhile yield-hungry investors of all stripes are viewing distributed, small-scale solar companies ever more favorably, the founders and management of the target companies are finding that there are attractive alternatives to selling stakes in their businesses outright
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Battle lines drawn for Intelligent Infra
Telecoms North AmericaThe lines are being drawn for an East/West technology battle as Intelligent Infrastructure takes a step closer to becoming reality… with the US placing itself in the vanguard as the tech protector for Western nations
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2020: Year of the debt fund?
Oil & Gas North AmericaWhile the gap between equity and debt fundraising was still wide in 2019, Q4 figures highlight a potentially new trend
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Tina River Hydro PPP, Solomon Islands
Renewables Asia PacificSolomon Islands' 15MW Tina River Hydro high dam project was around 12 years in development, a saga not atypical for this technology. The financing of this, the nation's first PPP, changed course after global oil prices tanked in 2014 to 2015. A new concessional finance structure emerged, where government on-lends a single blended facility to the project company, complementing private sector equity
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A9 Badhoevedorp-Holendrecht, Netherlands
Transport EuropeThe A9 Badhoevedorp-Holendrecht expansion project reached financial close at the end of 2019, bringing to a conclusion procurement of the five-stage SAA Corridor Scheme to improve road connectivity between the core Dutch cities
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Banks eye "boring" construction loans for Mexican CCGTs
Oil & Gas Latin AmericaA flurry of tenders for gas-fired projects in Mexico may be good news for construction contractors, but the prevailing state-ownership model means project finance bankers will be left to scrap over "boring" construction loans rather than meaty project finance mandates
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CCGT sponsors push on in PJM, auction or no auction
Renewables North AmericaDevelopers of gas-fired projects in PJM Interconnection are forging ahead with financing plans for Q1 2020, despite lingering uncertainty over the delayed capacity auction timetable and rules, while frustrated renewable energy developers have been forced back to the drawing board
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Opportunities in Caribbean infrastructure
North AmericaThe demand for infrastructure investment in the Caribbean region is significant, even before you consider the pressing need for greater climate resilience due to extreme weather events
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Bring on the infra revolution
Transport EuropeIt seems fitting that the first editorial of a new decade should focus on how the market is evolving to meet future demands as greenfield infrastructure morphs into a creature significantly different to the beast we know
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Neart Na Gaoithe offshore wind farm, Scotland
Renewables EuropeThis Scottish offshore wind farm – in gaelic meaning ‘Might of the Wind’ – saw a decade pass between development rights being awarded in 2009 and reaching financial close. After years of legal challenges and vacillating subsidy challenges, the raising of construction debt and an equity sell-down were eventually completed concurrently for Neart na Gaoithe
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Asia's first infra loan securitisation platform
Oil & Gas Asia PacificClifford Capital and Asian Infrastructure Investment Bank announced last month the establishment of Bayfront Infrastructure Management – a platform to mobilise institutional capital for infrastructure debt in Asia. IJGlobal spoke with both equity holders to learn more
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EXCLUSIVE IFC’s Super Six wind, Pakistan
Renewables Asia PacificA cohort of 11 wind farm projects in PakiJhimpir wind corridor, totalling 560MW in total installed capacity, reached financial close in November 2019. IFC had used a programmatic approach, its first in the wind sector, on what it dubs the Super Six – not to be confused with the Seven Sisters or Nubian Suns
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Facility D IWPP expansion, Qatar
Power MENAWhile development of the new Facility E IWPP progresses slowly, Qatar’s General Electricity & Water Corporation (Kahramaa) has signed off on a rapid $486.25 million expansion of its existing Facility D IWPP
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Dededo combined-cycle power plant, Guam
Renewables Asia PacificGuam Power Authority has procured a 198MW baseload power plant under a build-operate-transfer structure to replace the western Pacific island's ageing and limited baseload power supply. KEPCO becomes Guam's largest power provider with this project. Meanwhile Guam's energy mix is changing rapidly, as the western Pacific US territory is preparing its fourth renewables procurement round
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Silvertown Tunnel, UK
Transport EuropeTo say that the UK’s Silvertown Tunnel overcame a series of hurdles to reach financial close would be the understatement of the century. The project tackled environmental objections, planning delays, survived scrapping of the PF2 model, and then – in the final furlong – an appeal from the losing bidder
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IJInvestor Awards 2019 Rising Star – Mounir Corm
Oil & Gas EuropeTalking to Mounir Corm, one immediately realises that you are dealing with someone whose interests and skills reach far beyond the financial universe
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PF bankers declare war on The Man
Renewables EuropeOne thing a hack never wants to do is to give credit to another title for making a fair fist of a story that sits firmly in his/her own sector… but today, this infra scribbler is swallowing pride while doffing a cap to the FT for writing a story that impacts infrastructure finance on a global basis