Latest Analysis
Tłı̨chǫ All-Season Road P3, Canada
Transport North AmericaThe Tłı̨chǫ All-Season Road P3 project reached financial close in February. Despite being procured as a P3 with the typical DBFOM model, there are no banks involved, the private developers are providing a small percentage of the equity and a large chunk of the financing is being provided by the government
Infra fundraising – oops we did it again
Oil & Gas EuropeIt’s unseemly to crow about one’s victories in the heavily-contested area of data gathering on fundraising by unlisted, global infrastructure funds… but sadly, it’s also irresistible. Over the course of 2018, IJInvestor logged final close on $104 billion raised by funds – closed- and open-ended, with equity and debt strategies – putting us a country mile ahead of our rivals
You queue and wait - Kuwait PPP
Renewables MENAKuwait has once again restructured its PPP agency to kick-start stalled projects. Despite numerous delays and setbacks, its infrastructure ambitions remain extensive
Ørsted's sale of 50% stake in Deepwater Wind
Renewables North AmericaEarlier this month Ørsted and Eversource agreed to collaborate on US Atlantic Coast offshore wind projects in a deal worth about $225 million for the second time
AMLO's new Mexican infra reality
Oil & Gas Latin AmericaThe cancellation of major projects and a lack of clarity on government plans are making international investors nervous about Mexico though the country's infrastructure need is still significant
Bulgaria's contentious energy mix
Renewables EuropeHuge uncertainty surrounds planned new nuclear power units and existing coal-fired plants in Bulgaria, which should create opportunities for other types of generation. However, renewable energy development and generation has slowed in the country in recent years
Long Son petrochemicals plant, Vietnam
Oil & Gas Asia PacificThailand’s Siam Cement has been on a patient 10-year long mission to build a petrochemicals plant in Vietnam
Investment in India gathers momentum
Oil & Gas Asia PacificIJInvestor data shows that international funds and institutional investors are already active in the market. There are 36 active funds focusing solely on India with a target of investing over $90 billion of capital
Nachtigal hydropower, Cameroon
Power Sub-Saharan AfricaWhat was originally planned as a captive power project for a Rio Tinto smelter will become the largest hydropower IPP in Africa once constructed
Infra funds – global fundraising
Renewables Asia PacificWhile 2018 failed to log a mega fund final close – something infra hacks love to hang a story round – this last year managed to break fundraising records across a slew of smaller vehicles, the vast majority of which are (not surprisingly) focused on equity
Charged with uncertainty - EV charging infra
Transport EuropeVarious public and private led funds are being raised in early 2019 targeting electric vehicle charging infrastructure. Private investors are battling with oil majors and energy utilities for dominance of this nascent market, as appropriate financing structures remain up for debate
Renewables across the Sahara
Renewables MENANorth Africa has the weather conditions and large tracts of open land needed to support significant solar and wind power development
RGreen Invest’s InfraGreen III fund
Renewables EuropeFrench alternative energy fund manager RGreen Invest is approaching a February final close on its latest mezzanine debt and equity fund – InfraGreen III – above target and approaching an extended hard cap. It is the fourth fund vehicle under management for RGreen Invest, which partners with developers at the ready-to-build stage
Infrastructure – in a league (table) of its own
Power Sub-Saharan AfricaWhen it comes to analysing activity across the global infrastructure finance landscape, it’s always reassuring to confirm the accuracy – often not the case – of received industry wisdom, while also identifying trends that are less obvious to those who perhaps fail to see the trees for the woods
Infra fund dilemma – blame the pig or the feeder?
Renewables Asia PacificIn the same week that Luxembourg announced plans to legalise cannabis (and make all public transport free), folk have been wondering whether many infrastructure fund managers will domicile in the small European duchy to enjoy the benefits of a liberal system while they play fast and loose with targets and hard caps
Canada's energy diversification in 2019
Renewables North AmericaCanada updated its coal-fired electricity regulations in December (2018), introducing much stricter measures. The country is now targeting 90% of electricity from non-emitting sources by 2030, and decreasing carbon pollution from the electricity sector by 12.8 million tonnes.