Latest Analysis
Michigan’s I-75 road, US
Transport North AmericaMichigan closed on its second P3 deal in November 2018, and the project had a financing structure unique to the US market – private activity bonds. It had an accelerated timeline, going from preferred bidder to financial close in just under three months with four local civil contractors on board having achieved investment grade ratings from Moody’s and Kroll
Breaking a Radius and slashing bonuses
Power EuropeCancellation of the auction for Ørsted's Danish power distribution and street lighting businesses – Radius and City Light – has become a bone of contention for the infrastructure market as bidders are sent packing
Privatisations remain airborne in Brazil
Transport Latin AmericaThe drive to bring private capital into Brazil's state-dominated airport sector has been constant in recent years, despite political volatility that has slowed down the privatisation process
IL&FS: project finance SPVs risk default
Transport Asia PacificThe bankruptcy of Infrastructure Leasing & Financial Services is continuing to send ripple effects in the Indian market. In the latest twist, ring-fenced project finance SPVs are threatening to terminate debt repayments
The great Gatwick rumour mill
Transport EuropeFew things set the rumour mill droning on more than the sale of an airport. Factor into that the world’s biggest infrastructure fund, Europe’s busiest passenger hub, and eye-watering multiples… and you can barely hear yourself think
The French broadband connection
Telecoms EuropeLocal authorities are plugging the gaps in France's high-speed broadband coverage left behind by traditional telecoms operators by awarding concession contracts under a PPP model
A bright future for Victorian solar
Renewables Asia PacificResearch by ANU’s Energy Change Institute earlier this year forecast that Australia would easily surpass the federal government’s 2020 renewable energy target of 33GW of new capacity
Offsetting the offtaker – corporate PPAs in South Africa
Renewables Sub-Saharan AfricaeThala looks to prove a point with the 10MW The Harding biomass-to-energy plant – the validity of offtaking power in South Africa via a corporate power purchase agreement
New fundtiers: novel UK investment opportunities
Power EuropeThe last few weeks has seen the launch of several new types of speciality infrastructure fund for alternative assets in the UK. Each specialises in a niche proposition though all look to support the energy transition
It’s beginning to look a lot like infra…
Renewables Asia PacificWelcome to the final missive for the year written in the teetering shadow of a mountain of IJGlobal award submissions in advance of signing off for 2018 and wishing you all a merry Christmas and the very best for 2019
Java 1 CCGT/FSRU, Indonesia
Oil & Gas Asia PacificThe procurement of the Java 1 combined gas-fired and FSRU was launched as an open tender, and was supposed to become the template for subsequent deals
The 12 projects of Christmas
Oil & Gas Latin AmericaPick up the phone to anyone right now and the first thing you’ll be told is that they’re run off their feet and that the market’s “gangbusters” as everyone pulls together to get deals over the line before the end of the year… or Christmas, if you’re old school
Greece tries to swap EU funds for PPPs
Transport EuropeIn early October, EU Commissioner for Regional Policy Corina Cretu visited Greece to inaugurate two major transport projects – the Tithorea-Domokos railway line and Thriassio Pedio Freight Complex
Royal Inland Hospital, British Columbia
Social & Defence North AmericaThe recent financing of the Royal Inland Hospital Patient Care Tower project featured the first internationally accredited green bond in the Canadian P3 market
Ethiopia’s bold renewable energy ambitions
Renewables Sub-Saharan AfricaEthiopia has huge renewable energy potential. Its government estimates the country to produce roughly 45GW of hydropower alone, though only 5% of this potential has yet been realised
Dundonnell Wind Farm, Australia
Renewables Asia PacificThe Victoria government announced last September the six project winners of the first auction of the Victorian Renewable Energy Auction Scheme. Some two months later, Tilt Renewables had reached financial close on the A$560 million 336MW Dundonnell wind farm – the first under VREAS