• Newhurst waste-to-energy, UK

    Biffa, Covanta and Macquarie’s GIG successfully reached financial close on the 42MW Newhurst waste-to-energy project in Leicestershire against a backdrop of Brexit uncertainty

  • Banks and developers mull CFE's plans for renewables

    As the Mexican government upends incentives, self-supply contracts and the market for clean energy certificates, project finance and investment bankers in New York and developers in Mexico City are attempting to gauge the impact and decipher the administration's motives

  • EXCLUSIVE Kacific1 satellite, Space

    Kacific anticipates commercial service to start next month on its satellite Kacific1 nearly 35,800km above the equator, following the satellite’s launch on a SpaceX Falcon 9 rocket about two months ago. The $160 million refinancing had closed less than two weeks before launch, featuring an unusual mix of lenders: DFIs, an Australian pension fund, and a European asset manager

  • SOFR, so good?

    As lenders and borrowers prepare to say goodbye to Libor, also known as “the most important number in finance,” are project finance professionals ready?

  • Smart Cities – Fear and Loathing in Toronto

    The conservative – definitely lower case c – nature of Torontarians is being pushed to breaking point by ambitious plans to build a Smart City on their doorstep, giving the international market an ideal case study for the roll out of Intelligent Infrastructure… or possibly how not to do it

  • Gulf Plains Wind acquisition, US

    US-based fund manager Harbert Management Corporation almost doubled its renewable energy holdings at the end of last year when it acquired a stake in an 812MW wind portfolio − a deal it ultimately opted to finance in the bank market through a holding company called Gulf Plains Wind

  • Azito IV phase expansion, Côte d’Ivoire

    A total of nine DFIs turned up for the debt financing of only the fourth expansion of Globeleq’s on-going concern in Côte d’Ivoire which has now reached financial close – enabling the addition of 253MW of installed power capacity at the 462MW Azito combined cycle gas turbine power plant

  • B-Day landings in World War 5G

    Wow. What a week to have lived through. It started with UK prime minister Boris Johnson revealing that Huawei would be involved in the roll-out of 5G in Britain – potentially leading to a schism with the US – and ended with Brexit… a rift with Europe

  • AIIB: an Asian multilateral putting focus on digital

    The Beijing-based multilateral Asian Infrastructure Investment Bank issued on 14 January a call for public comments on its draft digital strategy to finance Asia Pacific’s rapidly evolving telecoms sector. IJGlobal data shows that in Asia Pacific, MDBs have had a lower rate of involvement in telecoms projects to date, compared to other sectors

  • Wind developers persevere in Argentina

    Developers have brought a handful of wind projects in Argentina to financial close in recent months, having turned to development finance institutions and export credit agency wraps amid a lack of enthusiasm from commercial banks

  • Slow progress for Brazilian offshore wind

    Brazil 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

  • To lose Toulouse: sale of Toulouse-Blagnac

    On 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

  • C&I solar developers weigh their options

    While 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

  • Battle lines drawn for Intelligent Infra

    The 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

  • 2020: Year of the debt fund?

    While the gap between equity and debt fundraising was still wide in 2019, Q4 figures highlight a potentially new trend

  • Tina River Hydro PPP, Solomon Islands

    Solomon 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

  • A9 Badhoevedorp-Holendrecht, Netherlands

    The 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

  • Banks eye "boring" construction loans for Mexican CCGTs

    A 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

  • CCGT sponsors push on in PJM, auction or no auction

    Developers 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