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Latest Europe Analysis

  • Let the wind blow high, let the debt price low…

    Debt pricing on offshore wind is enough to drive people to drugs these days... though some suggest certain lenders are ahead of the game on that front

  • Germany: walking on cooling coals

    A German government-appointed commission announced on 26 January that the country should shut down all of its coal-fired power plants by 2030 at the latest. The German government and 16 regional states must now implement the roadmap proposals

  • Renewables march towards merchant

    Given the slow growth of the corporate PPA market, some argue banks will have to start accepting merchant risk in order to finance the next generation of European renewables

  • Institutional investors – doing it for themselves

    There’s a growing trend in the infrastructure community for institutional investors to “go it alone”, eschewing the services of fund managers as they deploy big tickets across the global market

  • Wales & Borders rolling stock, UK

    Arriva's 15-year Wales and Borders franchise came to in October last year

  • Veja Mate Offshore Wind Farm, Germany

    Earlier this month the first in a series of much anticipated German offshore wind acquisitions reached financial close. Sales of equity stakes in three other projects are expected to close this year following the sale of 80% of Veja Mate

  • Infra fundraising – oops we did it again

    It’s unseemly to crow about one’s victories in the heavily-contested area of data gathering on fundraising by unlisted, global infrastructure funds… but sadly, it’s also irresistible. Over the course of 2018, IJInvestor logged final close on $104 billion raised by funds – closed- and open-ended, with equity and debt strategies – putting us a country mile ahead of our rivals

  • Bulgaria's contentious energy mix

    Huge uncertainty surrounds planned new nuclear power units and existing coal-fired plants in Bulgaria, which should create opportunities for other types of generation. However, renewable energy development and generation has slowed in the country in recent years

  • Charged with uncertainty - EV charging infra

    Various public and private led funds are being raised in early 2019 targeting electric vehicle charging infrastructure. Private investors are battling with oil majors and energy utilities for dominance of this nascent market, as appropriate financing structures remain up for debate

  • EXCLUSIVE RGreen Invest’s InfraGreen III fund

    French alternative energy fund manager RGreen Invest is approaching a February final close on its latest mezzanine debt and equity fund – InfraGreen III – above target and approaching an extended hard cap. It is the fourth fund vehicle under management for RGreen Invest, which partners with developers at the ready-to-build stage

  • Breaking a Radius and slashing bonuses

    Cancellation of the auction for Ørsted's Danish power distribution and street lighting businesses – Radius and City Light – has become a bone of contention for the infrastructure market as bidders are sent packing

  • The great Gatwick rumour mill

    Few things set the rumour mill droning on more than the sale of an airport. Factor into that the world’s biggest infrastructure fund, Europe’s busiest passenger hub, and eye-watering multiples… and you can barely hear yourself think

  • The French broadband connection

    Local authorities are plugging the gaps in France's high-speed broadband coverage left behind by traditional telecoms operators by awarding concession contracts under a PPP model

  • New fundtiers: novel UK investment opportunities

    The last few weeks has seen the launch of several new types of speciality infrastructure fund for alternative assets in the UK. Each specialises in a niche proposition though all look to support the energy transition

  • Greece tries to swap EU funds for PPPs

    In early October, EU Commissioner for Regional Policy Corina Cretu visited Greece to inaugurate two major transport projects – the Tithorea-Domokos railway line and Thriassio Pedio Freight Complex

  • Italy's infrastructure under pressure

    At a time when Italy is in urgent need of investment in infrastructure, a number of projects are suffering delays due to indebted construction companies and political pressures. A dispute between the national government and the EU is creating economic uncertainty, and the recent Morandi bridge disaster is casting a dark shadow over all private sector-led projects in the country

  • Filling the void: corporate PPAs in Ireland

    With Ireland’s renewable energy feed-in tariff (REFIT) schemes slowly coming to an end – and increasing confusion around the new support scheme RESS – Irish developers are increasingly looking to corporate power purchase agreements (PPAs)

  • Cory Riverside Energy refinancing, UK

    In the recent auction of UK energy-from-waste plant operator Cory Riverside Energy, BNP Paribas offered to provide a substantial debt underwrite for the Dalmore Capital-led consortium that ultimately emerged victorious. Four months later, the bank closed the syndication of a £554 million debt package, bringing banks and institutions into the deal

  • PPP – drip, drip… silence

    Throughout history the UK has been responsible for numerous infrastructure inventions that have rocked the world – from the jet engine through to pneumatic tyres, the telephone, railways, good old tar macadam… and PPP

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