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The new year – back for another swing
Renewables Asia PacificA couple of (hopefully) amusing anecdotes, a preview of our league tables which will be published in a couple of weeks' time and mulling the awards for which we shall hosting judging sessions over the course of this month
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A final hurrah for 2017
TransportAnd so the year draws to a close and here’s the final missive for 2017, delivered six months after returning to the IJ fold after a break of seven years – the first four at the infra title that doesn’t warrant mention and three highly-enjoyable ones in head hunting...
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New rolling stock lessors continue to challenge ROSCOs
Transport EuropeThe UK’s recent West Midlands rolling stock deal marks another slice of the sector taken from the traditional rolling stock operating companies (ROSCOs Angel Trains, Porterbrook, and Eversholt) by challenger lessors
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Waste PPP projects – trials and tribunals
Social & Defence EuropeThe waste sector has ever been a tricky one for PPP and the latest English project to be tangled up in legal battles serves as a cautionary tale for the global infrastructure sector. Essex County Council and the SPV contracted to deliver and operate the MBT plant – Tovi Eco Park – in Basildon have gone to war...
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Australia's corporate PPAs
Renewables Asia PacificWith PPAs increasingly hard to come by from the utilities, the busy solar market is looking to corporate PPAs to take the booming number of planned projects across the financing line
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Meeting future demand
Oil & Gas Sub-Saharan AfricaEast African LNG export projects have a window of opportunity to cash in on future market demand
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Bankers worried about low Mexican electricity prices
Renewables Latin AmericaLow prices on the third long-term power auction are at the same time seen as a measure of the success of the Mexican energy reform and as a cause for concern
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Infrastructure funds – big news
Renewables Asia PacificIn the same week that IJGlobal goes live with our infrastructure funds database – IJInvestor – it feels appropriate to turn the focus on an interesting trend in the equity space: the rise of technical advisers as investors.
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French transport – foot off the pedal
Transport EuropeAs the European infrastructure market – road and rail – wallows in the doldrums, it seems to be the same things keeping everyone busy, and that’s refinance opportunities. However, when it comes to greenfield, few markets are stagnating as much as France
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Gulf tensions chill Lebanon’s development
Oil & Gas MENADFI-backed projects in Lebanon appear to be on ice after Prime Minister Saad al-Hariri resigned earlier this month. The latest instability is likely to further hinder project financings in the country
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Goldmans – making PF bankers grind their teeth
Renewables EuropeTalking to sources in the market this week, it was fascinating to hear that Goldman Sachs booked the biggest single profit event for the previous two years on HS1 – the high-speed rail line from London to the English end of the Channel Tunnel
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Global equity funds dominate 2017 fundraising
Oil & Gas EuropeAmong unlisted, closed-ended infrastructure funds reaching final close in 2017, strategies geared towards global equity investments have taken up a vast chunk of the total capital raised
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Infra banks – a crutch Canada does not need
Transport North AmericaWhat a week it’s been for Canadian infrastructure. Ontario retains its title as the world’s most attractive infra market while the government steps in with a move it hopes will “crowd in” – rather than “crowd out” – project lending to drive future nationwide investments
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Bursa hospital exposes lender limits in Turkey
Social & Defence EuropeTurkish hospital deals are becoming increasingly dependent on DFI and Asian bank debt, as local and European lenders seem less than keen on extending their exposure to the market
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Fort McMurray West transmission, Canada
Power North AmericaIn December 2014, Alberta Electric System Operator awarded the Fort McMurray West transmission line project to Alberta PowerLine, a consortium of Atco-controlled Canadian Utilities (80%) and electrical engineering contractor Quanta Services (20%)
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US LNG glut
Oil & Gas North AmericaInvesting in US LNG export projects looks increasingly risky, as a flooded market forces sponsors to accept more flexible and shorter-term sales contracts. This is quite a change of direction for a market more or less still in its infancy.
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Making bubbles while the sun shines
Renewables Asia PacificIt always pays to keep a weather eye out for the next financial bubble, after all, we’ve seen enough of them in recent times to warrant wariness. Right now there’s a splendid one brewing in the international renewable energy space that should have you all bracing for impact
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Egypt closes solar FIT 2 at half the price
Renewables MENAEgypt can finally celebrate substantial success in its attempts to procure 2,000MW of solar capacity under its FIT scheme, with the second round seeing 30 projects reach financial close last week
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Australia’s National Energy Guarantee
Renewables Asia PacificEarlier this month the Australian government proposed an energy policy change, the so-called National Energy Guarantee, which peaked interest around the globe