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Latest Renewables Analysis

  • European renewables on the infra fund radar

    Early January this year saw the European Parliament approve a new renewable energy target of 35% by 2030, topping the existing agreement between member states on a 27% target by the same year.

  • Oil majors – shuffling along the Road to Damascus

    In a volte-face that’s enough to make a North Korean dictator blush, the oil majors are continuing to trip over their feet in a bid to reinvent themselves as good guys, having spent the last century-plus playing the black-hat cowboy

  • Infra funds – it’s hammer time

    Infrastructure’s full of surprises. Hardly a week goes by that the eyebrows don’t shoot up to the hairline (still got one) over some development or another. And this last week has seen more than its fair share of surprises

  • Infra fund activity – lot more than you'd think

    As a young journo working the local press world in 1990s north east Scotland, an old editor – a grizzled hack bearing the scars of hard-living hackery – once said: “Angus, the difference between doctors and journalists is that doctors get to bury their mistakes, ours are out there for everyone to see”

  • Rantau Dedap geothermal, Indonesia

    It took four years for the sponsors of the Rantau Dedap geothermal power plant to reach financial close on the $700 million project in South Sumatra, Indonesia

  • DEWA CSP

    Acwa Power and Shanghai Electric’s 700MW CSP project in Dubai represents the world’s largest thermal solar development. The sponsors are looking to finance the $3.9 billion development with a raft of European, Chinese and regional lenders under a soft mini-perm structure

  • Don Rodrigo solar, Spain

    This week German developer BayWa r.e. signed a 15-year PPA with Norwegian utility Statkraft for the 170MWp no-subsidy solar PV project in Spain, extending the tenors for PPAs in the market. Spanish and German banks are preparing to back PPAs with long-term senior debt as soon as this year

  • Turkey – sun, wind and political risk

    It’s tiresome as hell, repetitive to a fault and dull as ditch water. Aren’t you just sick of the daily force-feed news that X offshore wind farm is the biggest ever, zero bids will soon have developers paying for the privilege, Y solar park achieved the lowest rate, and panels are so cheap they will be handing them out for free with tubes of sun lotion?

  • Lebanon’s designs on PPP

    Lebanon has unveiled plans for a $22 billion Infrastructure Investment Programme (IIP) to be implemented over the coming 12 years, with $6 billion of that designated as PPPs. The programme opens up opportunities for private investors to tap a market desperately in need of key infrastructure – but which has had little PPP success in the past

  • Infra debt funds: small but growing

    Even though the IJInvestor database shows that only 20% of total funds in raising mode are geared towards debt rather than equity deals, investor appetite for the asset class seems to be slowly picking up in Europe – with managers either setting up debt strategies from scratch or launching next generation vehicles

  • Renewables tenders in Turkey

    It is not without its challenges, but the Turkish renewables market is providing ample opportunities for investment in greenfield projects

  • White-Line Fever – the European malady

    In a perfect world all infrastructure and energy projects are delivered without hitch, operate as expected and run the course of the contract within the parameters outlined in tomes of legal documentation

  • Fund analysis: Basalt Infrastructure Partners II

    UK-based manager Basalt Infrastructure Partners on 8 February announced final close for its second infrastructure fund at $1.3 billion

  • Saudi gets solar right with Sakaka

    After a number of false starts, Saudi Arabia’s first utility scale solar project – the 300MW Sakaka PV plant – is nearing financial close. The deal is the first step in the kingdom’s ambitious renewable energy plans

  • Private placements and investors' expanding appetites

    A few years ago, private placements in infrastructure were primarily focused on refinancings. Now, the private placement market has evolved in a number of ways enabling institutional investors to increasingly participate in infrastructure M&A deals, to act on the origination of deals, and going in as primary investors

  • Kuwait PPP 10 years on

    It is 10 years since Kuwait launched its PPP programme, which to date has delivered just one project, leading many to question whether procurement agency Kuwait Authority for Partnership Projects (KAPP) will ever deliver most of its pipeline

  • Dublin Energy-from-Waste refinancing, Ireland

    The original financing of Covanta’s Dublin/Poolbeg energy-from waste (EfW) plant in 2014 took the best part a decade to close, unluckily catching the tail winds of the 2008 financial crisis. Fast forward to 14 December 2017, and Covanta has signed friendlier financial terms

  • Data Analysis: Europe and energy still funds' favourite

    Europe and energy - across traditional energy and renewables - continue to be the most significant focus at the start of 2018 for unlisted, close-ended funds raising capital globally

  • Aussie renewables rules

    Australia’s Minister for Energy and the Environment Josh Frydenberg this week insisted that Australia will hit its 2020 target of 33,500GWh of renewable energy, but that 6,000MW of new renewable capacity must be built by the end of 2019

Analysis Archive