Latest Analysis
Gás Natural Açu, Brazil
Oil & Gas Latin AmericaPort of Açu located in the municipality of São João da Barra, in the North of Rio de Janeiro state is on its way to becoming a grandiose industrial complex serving the oil & gas industry
The UK student housing market – alive and kicking
Social & Defence EuropeThe UK student housing market appears to be alive and well after recent deals by Dutch pensions group APG and real estate developer Greystar, while the European market is beginning to heat up
Glenfarne portfolio, Latin America
Renewables Latin AmericaBefore 2020 came to a close, New York-based developer Glenfarne Group was able to refinance its roughly 1.5GW Latin American generation portfolio with a mix of bank debt and bonds, following a path opened up by other sponsors in the region who had refinanced their assets earlier in the year
New England Solar Farm – NSW, Australia
Renewables Asia PacificThe first large-scale fully-merchant solar farm to reach financial close in Australia made it over the line in early February, providing a pathfinder for similar deals
Lighthouse Renewable, US
Renewables North AmericaWhile yield companies have sometimes been known to bring in third-party equity providers to co-own renewable energy assets, when Clearway Energy Group recently offloaded a 1.6GW portfolio of wind,solar and solar-plus storage assets to its yieldco Clearway Energy, the third-party investor opted for an unusual capital structure, swapping out common equity for less risky preferred equity instead
Baltica 2 and 3 offshore wind farms, Poland
Renewables EuropePoland’s drive to bring their offshore wind efforts up to speed with their western European neighbours has been a valiant effort
Nur Navoi Solar, Uzbekistan
Renewables Asia PacificA milestone in Uzbekistan’s power-sector reform programme was the financial close in December 2020 of Masdar’s 100MW Nur Navoi’s solar power project. Once Masdar found its footing after the market volatility’s zenith in Q1 2020, the Mubadala Investment subsidiary moved decisively towards closing Uzbekistan’s first IPP solar project
Asper scales up with co-investment strategy
Renewables EuropeIn the face of a challenging fundraising environment and sky-high valuations, independent London-based investment manager Asper has attracted large investors with its own co-investment model
Next stop: Peru
Oil & Gas Latin AmericaAware of the importance of infrastructure to economic growth, and of the role of the government in driving the industry, Peruvian leaders have started to think strategically and to make that clear to investors
Alarm over energy counter-reform in Mexico
Renewables Latin AmericaAs Mexico's President Andres Manuel López Obrador lays out his vision of a counter-reform of his country’s energy industry, private investors in power and renewables are pondering whether to leave – assuming they are able to find an exit
Renewables in crosshairs as SPACs take aim
Renewables North AmericaSpecial purpose acquisition companies have proliferated at a blistering pace over the past year, and market participants are virtually certain that at least one renewable energy developer will go public this way by the end of 2021
UEP Penonomé II, Panama
Renewables Latin AmericaInterEnergy Group’s recent refinancing of two renewable energy projects in Panama – one of which is named for a papal encyclical – was the first issuance of green bonds from the private sector in Central America. Investors gave the deal their full blessing
Xiamen Xiangyu steel plant, Indonesia
Power Asia PacificChina state-owned logistics company Xiamen Xiangyu on 15 December achieved financial close on the more than $2 billion integrated steel plant project, one of its largest overseas investments
Prince George’s Schools P3, Maryland
Social & Defence North AmericaPrince George’s County in Maryland became the first district in the US to finance the construction of five new middle schools and one K-8 school through a P3, despite concerns that the project could encounter similar problems to a transport deal that was embroiled in legal turmoil in the state last year
European tower consolidation: lower frequencies
Telecoms EuropeThe consolidation of European tower markets witnessed an interesting development last week with the launch of an innovative fund instituted by Cellnex and Deutsche Telekom
A465 Motorway – Wales, UK
Transport EuropeThe A465 motorway PPP in Wales reached financial close in October, bringing to conclusion a deal that has been in the making for the last 6 years and that had to overcome the twin challenges of Brexit and the Coronavirus pandemic