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Dubai attracts lowest solar tariff, again
Renewables MENAA bid of less than $0.03 per kWh for the up-to 800MW Mohammed bin Rashid al Maktoum solar project in Dubai could see the Emirate producing the world’s cheapest solar electricity. Only 18 months after Dubai achieved the previous record, the GCC state is yet again setting a benchmark for global renewables
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Philippines: Aquino’s PPP legacy is a bulging pipeline
Power Asia PacificUnder outgoing president Benigno Aquino, the Philippines has tendered out more PPP projects than the previous three presidents combined. But while 25 PPP projects have been launched during his five-year term, only five deals have crossed the finishing line to financial close
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The outlook for SunEdison's projects
Renewables North AmericaSunEdison, the beleaguered US renewables developer, ended months of speculation on 21 April when it filed for Chapter 11 bankruptcy protection
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Slovakia's new ministers and PPPs
Transport EuropeSlovakia’s elections in March 2016 unseated the former ministers for transport and health. At a recent PPP conference held in Bratislava, the health minister’s position on PPP remained uncertain, while the transport minister spoke of a commitment to bring private sector capital to infrastructure
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Kuala Lumpur-Singapore high-speed rail not yet on track
Transport Asia PacificA memorandum of understanding (MOU) on the long-touted high-speed railway line between Kuala Lumpur and Singapore looks set to be signed in June 2016. But Singapore may yet walk away if the richer city-state decides the project is not commercially viable
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Data Analysis: Conventional power remains resilient in MENA
Power MENAThe value of active power deals in the Middle East and North Africa (MENA) region has broadly held steady despite fears that pipeline opportunities would dry up this year
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Vortex pulls Middle Eastern investors into European renewables
Renewables EuropeThe recent investment by Vortex in a 644MW wind portfolio operated by EDP Renováveis (EDPR) shows the ambitions the EFG Hermes-managed platform has for the European renewables market
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Passante di Mestre toll road, Italy
Transport EuropeFor the Passante di Mestre, an operational real toll bypass around Venice, it has been a sluggish route to obtaining long-term project debt, but credit enhancement from the European Investment Bank has lifted the project's bond rating above that of Italian sovereign bonds
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Data Analysis: PJM holds steady
Power North AmericaOil and gas prices continue to decline, dragging competitive power prices down with them and dislocating US equity and debt markets. But there is little sign of this in the PJM power market, where projects keep flowing and where financing terms remain steady, according to IJGlobal data
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Autopistas de Antofagasta toll road refinancing, Chile
Transport Latin AmericaChilean fund Inversiones Infraestructura Dos' refinancing of the Autopistas de Antofagasta toll road concessionaire demonstrates the high level of liquidity in the Chilean market, and a growing appetite among local institutional investors to provide direct loans to infrastructure projects
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Facility D IWPP, Qatar
Power MENAA Mitsubishi-led consortium wrapped up financing of the 2,400MW facility D independent water and power producer (IWPP) earlier this week, arranging some $3 billion in financing with nine international and local banks
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EXCLUSIVE European capital for AMP Capital's listed infra fund
EuropeWith the “stars aligned” for fundraising, European investors have begun trading stock in AMP Capital’s roughly $2 billion Global Listed Infrastructure Fund (GLIF), according to GLIF portfolio manager Giuseppe Corona
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Data Analysis: What's behind the UK’s green growth?
Renewables EuropeThe UK's energy ministry released data on the nation’s renewables capacity and share of the power generation market in 2015 and 2014 at the end of March 2016
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Autopista del Sol toll road refinancing, Spain
Transport EuropeCintra has successfully raised €557.8 million ($631 million) of debt to refinance two of its Spanish toll roads, with institutions from Germany and the US providing funds. What may have initially seemed a straightforward transaction however, eventually proved more complicated
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The art of arranging
Asia PacificCommercial banks are often judged by the total value of debt provided to clients over a specific period. During a time of restricted balance sheets and increased regulation however, it may be worth considering other ways to measure performance
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Kentucky's PPP bill
North AmericaKentucky's senate recently passed House Bill 309, more commonly referred to as the PPP bill. It should provide a framework for the use of public-private partnerships as a financing tool for developing new infrastructure across the state
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Data Analysis: Merchant solar struggles in Chile
Renewables Latin AmericaChile has one of the largest solar photovoltaic (PV) markets in Latin America and some of the largest merchant PV projects in the world. But falling PV prices in the north of the country have hurt projects and some financings are undergoing restructuring
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PP11 gas-fired refinancing, Saudi Arabia
Power MENASaudi Electric Company (SEC) and Engie took advantage of the existing low price environment to refinance almost $1.14 billion of debt on the gas-fired PP11 power plant in Saudi Arabia
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Buying time: Abengoa stays in business – just
Renewables EuropeAiling Spanish utility giant Abengoa has had until the end of March to reach agreements with its creditors to restructure its debt