• Tłı̨chǫ All-Season Road P3, Canada

    Ila Patel Transport North America

    The Tłı̨chǫ All-Season Road P3 project reached financial close in February. Despite being procured as a P3 with the typical DBFOM model, there are no banks involved, the private developers are providing a small percentage of the equity and a large chunk of the financing is being provided by the government

  • Infra fundraising – oops we did it again

    Angus Leslie Melville Oil & Gas Europe

    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

  • You queue and wait - Kuwait PPP

    Miroslav Hadzhiyski Renewables MENA

    Kuwait has once again restructured its PPP agency to kick-start stalled projects. Despite numerous delays and setbacks, its infrastructure ambitions remain extensive

  • Ørsted's sale of 50% stake in Deepwater Wind

    Arran Brown Renewables North America

    Earlier this month Ørsted and Eversource agreed to collaborate on US Atlantic Coast offshore wind projects in a deal worth about $225 million for the second time

  • AMLO's new Mexican infra reality

    Juliana Ennes Oil & Gas Latin America

    The cancellation of major projects and a lack of clarity on government plans are making international investors nervous about Mexico though the country's infrastructure need is still significant

  • Bulgaria's contentious energy mix

    Lyudmila Zlateva & Daniela Todorova Renewables Europe

    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

  • Long Son petrochemicals plant, Vietnam

    Mia Tahara-Stubbs Oil & Gas Asia Pacific

    Thailand’s Siam Cement has been on a patient 10-year long mission to build a petrochemicals plant in Vietnam

  • Investment in India gathers momentum

    Iliyan Videnov Oil & Gas Asia Pacific

    IJInvestor data shows that international funds and institutional investors are already active in the market. There are 36 active funds focusing solely on India with a target of investing over $90 billion of capital

  • Nachtigal hydropower, Cameroon

    James Hebert Power Sub-Saharan Africa

    What was originally planned as a captive power project for a Rio Tinto smelter will become the largest hydropower IPP in Africa once constructed

  • Infra funds – global fundraising

    Angus Leslie Melville Renewables Asia Pacific

    While 2018 failed to log a mega fund final close – something infra hacks love to hang a story round – this last year managed to break fundraising records across a slew of smaller vehicles, the vast majority of which are (not surprisingly) focused on equity

  • Charged with uncertainty - EV charging infra

    Arran Brown & Alexandra Dockreay Transport Europe

    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

  • Renewables across the Sahara

    Miroslav Hadzhiyski Renewables MENA

    North Africa has the weather conditions and large tracts of open land needed to support significant solar and wind power development

  • RGreen Invest’s InfraGreen III fund

    Alexandra Dockreay Renewables Europe

    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

  • Infrastructure – in a league (table) of its own

    Angus Leslie Melville Power Sub-Saharan Africa

    When it comes to analysing activity across the global infrastructure finance landscape, it’s always reassuring to confirm the accuracy – often not the case – of received industry wisdom, while also identifying trends that are less obvious to those who perhaps fail to see the trees for the woods

  • Infra fund dilemma – blame the pig or the feeder?

    Angus Leslie Melville Renewables Asia Pacific

    In the same week that Luxembourg announced plans to legalise cannabis (and make all public transport free), folk have been wondering whether many infrastructure fund managers will domicile in the small European duchy to enjoy the benefits of a liberal system while they play fast and loose with targets and hard caps

  • Canada's energy diversification in 2019

    Yavor Guerdjikov & Iliyan Videnov Renewables North America

    Canada updated its coal-fired electricity regulations in December (2018), introducing much stricter measures. The country is now targeting 90% of electricity from non-emitting sources by 2030, and decreasing carbon pollution from the electricity sector by 12.8 million tonnes.

  • Michigan’s I-75 road, US

    Ila Patel Transport North America

    Michigan closed on its second P3 deal in November 2018, and the project had a financing structure unique to the US market – private activity bonds. It had an accelerated timeline, going from preferred bidder to financial close in just under three months with four local civil contractors on board having achieved investment grade ratings from Moody’s and Kroll

  • Breaking a Radius and slashing bonuses

    Angus Leslie Melville Power Europe

    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

  • Privatisations remain airborne in Brazil

    Sophia Radeva Transport Latin America

    The drive to bring private capital into Brazil's state-dominated airport sector has been constant in recent years, despite political volatility that has slowed down the privatisation process



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