Exclusive Intelligence

Pattern engages banks on $10bn SunZia financing

EXCLUSIVE

Pattern Energy is working on a tax equity purchase agreement and project financing of around $10 billion for its 3.5GW SunZia wind farm and transmission line, IJGlobal can reveal

CoreWeave upsizes convertible notes to $2.25bn as final t...

PROPRIETARY

CoreWeave has priced $2.25 billion of 1.75% senior unsecured convertible notes due 2031, increasing the deal from the $2 billion flagged in its preliminary offering memorandum on 8 December, according to a final term sheet seen by IJGlobal

Consolidated Energy plans debt issuance with creditors ci...

EXCLUSIVE

Consolidated Energy is working with financial advisor Rothschild & Co. and legal counsel Weil Gothsal & Manges as the firm seeks to issue new debt as part of a liability management exercise, IJGlobal can reveal

BayWa r.e. closes $417m financing for Cali solar-plus-sto...

PROPRIETARY

BayWa r.e. has secured a construction-to-term loan, preferred equity investment and tax credit transfer for its San Diego County solar and storage project, totaling $417 million

Credit funds in Brightline East propose a priming capital...

EXCLUSIVE

Hedge funds with a stake in Brightline East’s $1.1 billion of corporate debt, led by Redwood Capital Management, are crafting a plan to elevate their claims over other similarly situated creditors by offering new financing and concessions to the struggling high-speed rail operator, according to sources familiar with the matter

PosiGen sued over alleged diversion of solar lease cash

EXCLUSIVE

Project-level investors in residential solar developer PosiGen have launched an adversary proceeding in the company’s Chapter 11 case, accusing the debtor of unlawfully diverting customer lease revenue belonging to non-debtor project companies and using it to fund its bankruptcy

South Africa raises $691m in inaugural infra bond sale

PROPRIETARY

South Africa has raised R11.795 billion under its debut infrastructure and development finance bond

AfDB funds development of Namibia's Tsau Khaeb

PROPRIETARY

The African Development Bank has approved a $10 million loan to Hyphen Hydrogen Energy to support its $10 billion Tsau Khaeb green hydrogen project in Namibia

UPDATE: RAG progreses hydrogen+storage project, Austria

PROPRIETARY

RAG Austria will submit an application in autumn 2026 for project of common interest for the hydrogen storage facility element of H2Austria&Bavaria+Store

Philippine cancer centre PPP extended

PROPRIETARY

The timeline for the P9.5 billion greenfield cancer centre PPP in the Philippines has been extended, with the contract to be awarded as early as April 2026

Cloverleaf signs 1.5GW Georgia data center PPA

EXCLUSIVE

Powered land company Cloverleaf Infrastructure has signed a power purchase agreement for a 1.5GW data center in Georgia, IJGlobal can reveal

Results out in Polish BESS co-funding scheme

PROPRIETARY

Poland has selected 183 battery energy storage systems projects as eligible to receive a share of the PLN 4.15 billion co-financing pool available

Analysis & Case Studies

Pine Gate moves to block $95m ITC recapture in Carlyle deal

Pine Gate Renewables has asked a Texas bankruptcy court to approve an emergency settlement with corporate lender Carlyle to avert more than $95 million of investment tax credit recapture exposure tied to nine solar projects securing Carlyle’s debt

The Pine Gate auction: a sale that hinges on control

Pine Gate Renewables’ Texas bankruptcy is formally being run as a competitive M&A process, but court filings show that its senior lenders – Brookfield, Carlyle and Fundamental – have carved up de facto control of the platform through a restructuring framework tied to the debtor in possession financing

Infra Dig – Ecobank discusses African infra

The evolving landscape of financing infrastructure and energy across Africa is the focus for this latest episode of Infra Dig. Meinna Gwet, group head of corporate finance at Ecobank, gives a frank view of the market...

Banks face LC exposure in Pine Gate Renewables collapse

Pine Gate Renewables’ bankruptcy filing shows global banks and insurers are exposed to more than $237 million in letters of credit and surety-backed facilities as interconnection and PPA delays mount, IJGlobal can reveal

Other News

GIBO to develop Malaysia data centre

GIBO has revealed plans to develop the first phase of its AI data centre in Malaysia

MOL, Sinopec, Marubeni sign marine biodiesel MoU, China

MOL, Sinopec and Marubeni have signed an MoU to establish a long-term supply system for marine biodiesel fuel in China

Yanara appoints Oz solar, BESS delivery partner

Yanara has appointed Gamuda Australia as its delivery partner for the Mortlake Energy Hub, a solar and BESS project in southwest Victoria

Blue Mackerel offshore wind gets major project status, Oz

JERA Nex BP’s Blue Mackerel offshore wind project has been awarded major project status by the Australian government

Anthem secures funding for African renewables growth

South African independent power producer Anthem has secured an R8.5 billion funding facility, arranged by Rand Merchant Bank and Nedbank, to be used to accelerate the company’s growth strategy in the renewable energy market

Egypt launches Hurghada Airport PPP tender

Egypt has opened bids for private companies to manage, operate and develop the Hurghada International Airport

UGL to construct Western Downs BESS stage 3, Oz

UGL has been selected by Neoen and Tesla as the BOP contractor for Stage 3 of the Western Downs BESS in Queensland, Australia

Neoen launches Western Downs BESS stage 3, Oz

Neoen has launched the construction of stage 3 of the Western Downs BESS in Queensland, Australia

EC clears Antin’s Swiftair acquisition

The European Commission has approved Antin Infrastructure Partners’ acquisition of the Swiftair, confirming that the deal meets the requirements of the EU Merger Regulation and qualifies for simplified treatment

Sea Lion oil field reaches FID

Navitas and Rockhopper have taken a final investment decision for the Sea Lion oilfield in the North Falkland Basin

Enova invites floating wind applications, Norway

Enova has opened a third application round to support floating offshore wind projects in Norway

Grain Management sells fiberco to Oak Hill Capital

Fiberco Hunter Communications enters its next phase of growth with a pipeline of network expansion opportunities, regional demand for high-capacity broadband and an operational platform designed to support continued scale, densification and services

PANYNJ hires new executive director

Port Authority of New York and New Jersey has hired Kathryn Garcia as its new executive director. 

Origis Energy reaches FC on Texas solar project

Antin Infrastructure Partners-backed Origis Energy has reached financial close on the Swift Air Solar II and Swift Air Solar III projects in Ector County, Texas

NSTA opens CCS licensing round, UK

The NSTA has opened a carbon storage licensing round offering 14 locations in Scottish and English waters for exploration and appraisal

Reports



IJGlobal ESG Report 2023

Welcome to the third issue of the annual IJGlobal ESG Report. In this latest publication we have drawn together some key features tracking progress in this crucial sector as it continues to build momentum

IJGlobal Energy Transition Report 2023

The Energy Transition Report 2023 – once again lifting the lid on this key element of international infrastructure finance which has seen early movers make significant strides as the industry takes action now in readiness for global regulation

IJGlobal League Tables – steady but refi down

This quarter, primary financing deals overall continue to hold steady although there has been a significant drop in refinancings

IJGlobal ESG Report 2022

We are delighted today to be publishing the second issue of the IJGlobal ESG Report, delving into environmental, social and governance issues as they impact the international infrastructure and energy community

IJInvestor Funds and Investors Report 2021

The year of 2021 proved a blockbuster year for infrastructure fundraising and M&A activity, according to IJInvestor research

IJGlobal League Tables – Q3 2020

IJGlobal today publishes league table findings for infrastructure finance and project finance of infra and energy transactions for Q3 2020, giving a global view of the sectors for deals closed in 2020 so far

US Election Report: Energy policy spotlight

In the impending US presidential election, the stakes are quite possibly as high as they’ve ever been, and the potential for disruption in the energy sector appears to be, well, as one of the candidate would put it: “yuge”

Q1 2016 league table analysis

Q1 2016 is the first quarter for which IJGlobal is publishing infrastructure finance tables...