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  • Brazil’s infra tipping point?

    Three years after Jair Bolsonaro came to power, the Brazilian president’s economic policies continue to redraw the national infrastructure map – and now his government is launching an all-out offensive to get more international investors in on the act

  • Sembcorp's S$675 million SLB, Singapore

    In September, Sembcorp Industries raised $501 million through its inaugural sustainability-linked bond, anchored by a $110 million investment from IFC. The issuance sets the scene for an emerging financing instrument in the Southeast Asian energy sector as the region showcases decarbonisation strategies at COP26

  • REFF Wall Street: Financers still wary of taking on merchant solar

    While some debt investors have grown increasingly comfortable financing merchant solar assets over the last few years, many market watchers at REFF Wall Street 2021 remain unconvinced that the attractive yields to be gained by taking on merchant exposure outweigh the associated risks

  • REFF Wall Street: Rapid renewables buildout could cause "surprises down the road"

    Conference goers at REFF Wall Street 2021 in New York this week applauded the tremendous volume of investments in the renewables space over the last year-and-a-half, despite the disruption wrought by the Covid-19 pandemic, but some warned that there could be "surprises down the road" as a result of the rapid buildout of the asset class

  • Solar tax equity investor exits ramp up

    Deal watchers have observed that solar project owners are increasingly buying out the tax equity investors in their projects or arranging for third-parties to take their place, as several projects pass their tax credit recapture periods

  • REFF Wall Street: Wind sponsors make sense of tax equity outlook

    Wind sponsors look poised to favor a "more equitable" direct-pay structure following the approval of a portion of the Democrats’ proposed $3.5 trillion spending package by the US House of Representatives' Ways and Means Committee, which could alter the tax equity landscape

  • Network Rail’s Project Reach

    Network Rail’s Project Reach – a live process which promises bidders the opportunity to upgrade UK fibre along the rail network in exchange for the right to monetise additional capacity – has raised questions among industry watchers as to whether the enterprise is out of touch

  • The ramifications of Congress' latest REN proposals

    The US House of Representatives' Ways and Means Committee has approved a critical portion of the Democrats' proposed $3.5 trillion spending package, which includes federal tax credit extensions and a direct-pay option, but market participants have warned that some of the newer measures mixing social and energy policies could have "cataclysmic ramifications"

  • Los Guzmancito, Dominican Republic

    As the Dominican Republic opens up for private investments into renewable energy projects under President Luis Abinader, local developer Grupo Energético 23 managed this summer to wrangle debt financing for its first such asset in the country

  • Cardones-Polpaico transmission refi, Chile

    In a deal that took almost a year to close, Interchile, a subsidiary of Colombia's Interconexion Electrica, raised $1.2 billion of bonds to refinance a sprawling transmission portfolio interconnecting the entire northern half of Chile

  • Infrafintech – problems, solutions & securitisation

    Fintech has disrupted nearly all aspects of financial services. However, the impact of fintech on infrastructure – or infrafintech – has been one of the weakest links, finds IJGlobal APAC editor David Doré. It’s time for that torpid state to change…

  • Playing chicken with US renewable tax credits

    Now that the Biden administration's $1 trillion bipartisan infrastructure bill has passed muster in the Senate, market participants are turning their attention to a larger $3.5 trillion reconciliation package that the Progressive Caucus is attempting to tie it to. The reconciliation package contains a slew of tax credit incentives for renewable energy projects. So what lies ahead in Washington,DC?

  • Infra investment key to economic recovery and growth in Africa

    While the pandemic highlighted Africa’s vulnerable infrastructure, this very same network has the potential to be a catalyst in the continent’s post-COVID-19 economic recovery

  • Bayfront Infrastructure Capital II IABS securitisation

    Imagine originating, bundling, and issuing a diversified portfolio of 30 project finance loans to institutional investors in 5 months… 5 weeks or 5 days. Now contemplate that entire process happening in 5 seconds. What about infrastructure asset-backed securities tokens? Far-fetched? Is that even a future worth creating?

  • The SMBC Interview

    SMBC enjoyed an impressive 2020 calendar year working on some landmark transactions in the Americas. Taking the pandemic in its stride, SMBC continues to be one of the dominant players in both North America and Latin America

  • Bogoslovec Onshore Wind Farm, Northern Macedonia

    Northern Macedonia, has been getting serious with its phase out of coal announcing an aggressive strategy to reduce its greenhouse gas emissions by 2030

  • IRS pushes out safe harbor deadline for US renewables

    Developers aiming to qualify their renewable energy projects for federal tax credits will have an extra year to do so, after the Internal Revenue Service granted a deadline extension on 29 June to account for pandemic-related construction delays

  • PJM term loan Bs trade down but are "hard to trip"

    Several term loan B deals trading in PJM Interconnection have taken a dip after clearing prices from the highly anticipated BRA for delivery year 2022/2023 were announced. But deal watchers say that this is unlikely to have a significant impact on revenues in the long run

  • Tough life awaits PJM peakers as long-awaited auction disappoints

    After two years of delay due to uncertainty over the Minimum Offer Price Rule, PJM Interconnection has finally concluded its Base Residual Auction for delivery year 2022 / 2023, although results from the highly-anticipated auction have fallen short of market participants' expectations

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