Latest Analysis
Merkur offshore wind farm, Germany
Renewables EuropeDutch pension asset manager APG and InfraRed Capital-managed The Renewables Infrastructure Group on 13 March closed the acquisition for 100% of Germany’s 396MW Merkur offshore wind farm for €1.9 billion
Historic treasury yield lows inspire mixed PF forecasts
North AmericaHistoric low Treasury yields resulting from Covid-19 and oil-price fears have been seized on by project finance officials as an opportunity for refinancing and hedging to lock in rock-bottom rates. But some market participants are less sanguine, warning of a possible credit crunch
Fundraising in the time of Covid-19
Oil & Gas EuropeThe novel Coronavirus is posing some challenges to the managers in raising mode. But the market is strong and resilient enough to face them
Friday 13th – nightmares abound
Renewables EuropeWhen Friday The Thirteenth rolls around and the mind turns to the darker aspects of work in search of an editorial, it usually takes longer for a theme to emerge from the maelstrom of global infra/energy news
Dammam West ISTP, Saudi Arabia
Water MENASaudi Arabia is near to closing on the first in a long pipeline of independent sewage treatment plants (ISTPs) - the $230 million Dammam West project
Disappointing bids hamper generation auctions
Renewables North AmericaDespite the wall of capital chasing North American power and renewable energy assets, a number of sale processes for individual projects and portfolios have recently stalled or been scrapped, suggesting that investors with cash to deploy are remaining disciplined
Why aren’t you in a blue funk?
Power EuropeA question that more people need to be asking themselves these days is: “Why then hell aren’t you in a blue funk?”
New kid on the block
The US International Development Finance Corporation is open for business, and the new development bank is keen to convey that it is not just a rebranded OPIC. With new tools at its disposal, it is eyeing opportunities in emerging markets, such as Latin America
CFXD offshore wind, Taiwan
Copenhagen Infrastructure Partners' CFXD offshore wind project in Taiwan Strait closed late last month on a roughly $3.94 billion financing package, as two new financial investors and an Asian export credit agency made their entrance to the market
New England Power, US
Power North AmericaHaving plucked two aging Massachusetts peakers out of GenOn Energy’s bankruptcy proceedings in 2018, Stonepeak Infrastructure Partners repackaged them last year into a 1.6GW portfolio called New England Power that proved highly palatable to project finance lenders
Hurontario Light Rail, Ontario
Transport North AmericaLate last year the long awaited C$2.1 billion Hurontario Light Rail Transit (LRT) development, that will cut the commute from Mississauga to Brampton by 10 minutes, reached financial close
Pipeline cyberattack highlights risk to energy infra
Oil & Gas North AmericaA hacking attack recently shut down an entire US gas pipeline asset for two days, underscoring concerns raised by experts and advocacy groups about the growing threat of cyberattacks in energy and other infrastructure sectors
Fingering the Force Majeure trigger
Renewables Asia PacificA lot of people write off Coronavirus – Covid-19 if you really must – as a storm in a teacup, a ramped-up flu virus that’s no more worrisome than a passing bout of the snuffles… however, the infra/energy community begs to differ
A wash out for UK water
Water EuropeThe UK water regulator Ofwat left several British water companies in floods of tears in December 2019 by proposing some of the strictest requirements since privatisation in 1989, setting the stage for the most significant disagreement between regulator and water companies since that time
IRS guidance "big win" for carbon capture tax equity
Power North AmericaAfter two years of waiting, tax equity investors finally have much-needed guidance from the Internal Revenue Service on the framework for investments in carbon capture and storage projects
East Rockingham Resource Recovery Facility, Australia
Renewables Asia PacificThe East Rockingham Resource Recovery Facility is the second large-scale energy-from-waste facility to reach financial close in Australia. It differs from its predecessor in its new waste supply structure, under which councils will not be financially penalised for reducing waste volumes