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Central Penn Gas Pipeline, Pennyslvania
Oil & Gas North AmericaOne the last remaining publicly-listed renewable energy yield companies in the US, NextEra Energy Partners, made a major fossil fuel investment last year when it acquired a stake in the 185-mile Central Penn gas pipeline in Pennsylvania for $1.37 billion. The financing included tightly-priced term debt and a complex convertible equity deal
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The great infra coverage up
Transport EuropeA significant date in the project finance calendar – 31 March – slid past this week with little remark, but as we cringe our way through the financial Armageddon that is coronavirus, it’s unlikely such popular interest payment and calculation dates will be treated in the future in quite so blasé a manner
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ANI's president on the 5G road programme
Transport Latin AmericaStalled Fourth Generation (4G) road PPPs in Colombia will not delay the government launching the revamped 5G programme but the Covid-19 pandemic will, Manuel Felipe Gutiérrez, president of the national infrastructure agency (ANI), told IJGlobal in an exclusive interview
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Gulf Pluak Daeng CCGT, Thailand
Power Asia PacificChina’s first confirmed Covid-19 case has been traced back to 17 November 2019. A day later and thousands of kilometres away, Gulf and Mitsui & Co had reached financial close on the $1.66 billion Gulf Pluak Daeng combined-cycle gas turbine power plant complex in Rayong – a core province in Thailand's Eastern Economic Corridor development plan
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Ibri II solar PV, Oman
Renewables MENAOman’s first utility-scale, grid connected renewable energy project reached financial close just as the world entered economic turmoil caused by the Covid-19 pandemic
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Genex gets K2-Hydro back on track
Renewables Asia PacificGenex Power has succeeded in the signing of a new PPA for the A$700 million, 250MW Kidston Pumped Hydro project in Queensland, with EnergyAustralia firmly back on board as the offtaker but no longer as the 50% equity partner
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Stir crazy and staying safe
Transport Asia PacificWe’re all in the same boat now – moving like cagey tigers in our allotted territories, wading through thousands of unnecessary emails, wrestling with yesterday’s wonder technology innovation… all the while maintaining an ostensibly-genial appearance for the nearest and dearest
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Diverging fortunes of infra M&A
Transport EuropeElasticity of demand is proving to be burdensome for almost all infrastructure assets: transport has seen a monumental collapse whilst telecoms has seen significant upticks. What will this mean for M&A processes linked thereto?
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Javiera, Sol del Desierto, Chile
Renewables Latin AmericaAtlas Renewable Energy financed a pair of solar projects in Chile in the US private placement market at the beginning of March, skillfully winning over a skeptical investor community that lacked positive experiences of financing renewables in the country
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IFC: smart solutions for urban and remote communities
Renewables Asia PacificIFC's East Asia and Pacific director Vivek Pathak and country manager for Australia, New Zealand, Papua New Guinea and Pacific Islands Thomas Jacobs talked to IJGlobal about their urgent work in promoting "smart solutions to the problems of urbanisation", such as waste to energy plants and affordable housing townships, as well as bringing new models for developing off-grid energy infrastructure
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Living in unprecedented times
Oil & Gas EuropeAt times like these – and there haven’t been any of those – it’s hard not to peer into the rear-view mirror to draw comparisons with yesteryear. However, that’s not possible in these unprecedented times… a term that’s already ageing badly… as coronavirus sweeps the planet
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Merkur offshore wind farm, Germany
Renewables EuropeDutch pension asset manager APG and InfraRed Capital-managed The Renewables Infrastructure Group on 13 March closed the acquisition for 100% of Germany’s 396MW Merkur offshore wind farm for €1.9 billion
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Historic treasury yield lows inspire mixed PF forecasts
North AmericaHistoric low Treasury yields resulting from Covid-19 and oil-price fears have been seized on by project finance officials as an opportunity for refinancing and hedging to lock in rock-bottom rates. But some market participants are less sanguine, warning of a possible credit crunch
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Fundraising in the time of Covid-19
Oil & Gas EuropeThe novel Coronavirus is posing some challenges to the managers in raising mode. But the market is strong and resilient enough to face them
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Friday 13th – nightmares abound
Renewables EuropeWhen Friday The Thirteenth rolls around and the mind turns to the darker aspects of work in search of an editorial, it usually takes longer for a theme to emerge from the maelstrom of global infra/energy news
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Dammam West ISTP, Saudi Arabia
Water MENASaudi Arabia is near to closing on the first in a long pipeline of independent sewage treatment plants (ISTPs) - the $230 million Dammam West project
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Disappointing bids hamper generation auctions
Renewables North AmericaDespite the wall of capital chasing North American power and renewable energy assets, a number of sale processes for individual projects and portfolios have recently stalled or been scrapped, suggesting that investors with cash to deploy are remaining disciplined
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Why aren’t you in a blue funk?
Power EuropeA question that more people need to be asking themselves these days is: “Why then hell aren’t you in a blue funk?”
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EXCLUSIVE New kid on the block
Latin AmericaThe US International Development Finance Corporation is open for business, and the new development bank is keen to convey that it is not just a rebranded OPIC. With new tools at its disposal, it is eyeing opportunities in emerging markets, such as Latin America