Latest Analysis

Buying on credit

Buying on credit

Earlsburn onshore wind

Scotland's Earlsburn wind farm is at first sight a thoroughly ordinary project financing. Yet closer inspection reveals clues as to the future of onshore wind in the UK. And the deal was not completely devoid of surprises - the power purchase agreement sa

M6 Budapest-Dunaujváros wrapped bond refinancing

After the political wrangles and hasty re-nationalisations of the last decade, Hungary's road privatisation programme finally seems to have come of age.

Castellon Airport - Spain's first airport PPP

Castellon's Airport scheme breaks new boundaries in the Spanish market, being the first greenfield airport deal to be procured as a PPP

Plum Point coal-fired power plant

During the initial merchant power boom at the start of the millennium, coal had become a dirty word - write Vander Caceres and Simon Ellis.

TermoFortaleza CCGT

The landslide victory of Luiz Inácio Lula da Silva in the 2002 Brazilian presidential election, with more than 60 per cent of the vote, was a surprise to many investors and sent shockwaves through the energy market, concerned about fiscal irresponsibility

Aspire Defence's Allenby Connaught MoD PFI

Financial close for the UK MoD’s Allenby Connaught project sponsored by Carillion, KBR and HSBC has taken longer than anticipated, but the size and structure of the bonds have broken new grounds and will serve as a benchmark transaction

Highland closure - the region's second schools PFI

Scotland's second Highland Schools PFI project - a deal that stands out as the largest Scottish school-building programme and the biggest UK bond-financed education PPP to date - has closed

Ajman - the Middle East's first wrapped refinancing

The Arab emirates have a growing and deserved reputation as an investment hotspot and the tiny city-state of Ajman is no exception. But business conditions are not quite yet optimal - it took a hastily concluded refinancing to save Ajman's wastewater proj

Golden Ears: The Third Way

Golden Ears: The Third Way

Astoria Generating: Old but good

Astoria Generating: Old but good

AdN: Dominican risk is beatable

AdN: Dominican risk is beatable

ASPIRE: Late but lucrative

ASPIRE: Late but lucrative

M6 Duna: Wake up call

M6 Duna: Wake up call

Rabigh: Margin mincing machine

Rabigh: Margin mincing machine

Taken and available

Taken and available