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Araguaia Ferronickel Mine, Brazil
Mining Latin AmericaWith the nickel market’s prospects transformed after 2 years of intense focus on the practicalities of the energy transition, Horizonte Minerals last month closed a $633 million project finance package for its Araguaia ferronickel mine – a Tier 1 project which could bolster Brazil’s status as a long-term source for the world’s nickel needs
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Karapinar Solar PV Plant, Turkey
Renewables EuropeThe Kalyon Enerji Yatırımlar successfully reached financial close on Turkey’s largest solar plant – the Karapinar project – in December 2021 despite facing numerous obstacles including currency volatility, political uncertainty and navigating the challenges of the pandemic
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Brazil’s thriving infrastructure market
Transport Latin AmericaBrazil’s business environment is booming with foreign investors confident in the investment climate that the country has cultivated. This success is tied into specific stand-out industries in Brazilian infrastructure – such as transport, which has long been a cornerstone of growth for the country and will see continuous upward momentum in 2022
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Green bonds – bridging the infra funding gap
Renewables EuropeDebt capital markets and project bonds represent one of the keys to unlocking the flow of long-term yield chasing western institutional capital needed to address this infrastructure gap. One of the most exciting developments in this space in recent years has been the growth in green project bonds targeted at climate impact reduction infrastructure investments.
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Mumbai-Pune Expressway's Missing Link, India
Transport Asia PacificThanks to the world's widest and one of India’s longest tunnels, travellers going from Mumbai to Pune will save 25 to 30 minutes by the end of 2023. The so-called Missing Link’s blend of annuity and toll payments innovates the Indian project finance market
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Biden extends Trump-era solar tariffs with one major exception
Renewables North AmericaThe Biden administration has decided to draw out Trump-era solar tariffs for 4 more years, but is making an exception for bifacial solar panel technology, which has soured the outlook of some solar panel manufacturers, but is still considered a win for developers of solar projects
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IJGlobal Awards 2021 – Asia Pacific Judging Team
Oil & Gas Asia PacificWe are delighted to announce the judging team for Asia Pacific – an esteemed group of infrastructure professionals who will gather to debate and discuss company submissions for IJGlobal Awards 2021
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Rio de Janeiro public lighting, Brazil
Social & Defence Latin AmericaBrazil’s emerging smart city sector took a significant step forward in November 2021 as Rio de Janeiro’s public lighting PPP – the second-largest in the country so far – reached financial close
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Can PF lenders truly influence ESG compliance?
Renewables EuropeI recall the times, less than a decade ago, when project sponsors, were pushing back on ongoing undertakings re Equator Principles compliance in the finance documentation of greenfield projects
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Aburrá Oriente tunnel refi, Colombia
Transport Latin AmericaOdinsa recently closed a Ps 700 billion refinancing for the Aburrá Oriente tunnel in a deal that broke new ground for the use of locally-placed bonds in Colombian project finance
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Infra in Russia – an exciting investment destination
Renewables EuropeRussia has been a very rewarding destination for public market investors – but what about private investment in Russian infrastructure, particularly given the lack of returns and opportunities available in the infrastructure market globally?
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Eyes turn to Build Back Better as House passes bipartisan infra bill
Renewables North AmericaNow that the US House of Representatives has passed the Biden administration's long-awaited $1.2 trillion bipartisan infrastructure bill, renewables market participants are eyeing a $3.5 trillion reconciliation bill containing a host of federal tax credit incentives and a direct-pay option that could be voted on as soon as next week
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Brazil’s infra tipping point?
Transport Latin AmericaThree 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
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Sembcorp's S$675 million SLB, Singapore
Renewables Asia PacificIn 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
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REFF Wall Street: Financers still wary of taking on merchant solar
Renewables North AmericaWhile 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
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REFF Wall Street: Rapid renewables buildout could cause "surprises down the road"
Renewables North AmericaConference 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
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Solar tax equity investor exits ramp up
Renewables North AmericaDeal 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
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REFF Wall Street: Wind sponsors make sense of tax equity outlook
Renewables North AmericaWind 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
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Network Rail’s Project Reach
Transport EuropeNetwork 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