Latest Analysis
Perfect chemistry: Sadara petrochemicals
Oil & Gas MENAWHAT WE SAID THEN: “Among this mammoth financings’ ground-breaking features was the largest ever (and second only) Middle Eastern sukuk bond, the largest ever direct loan from US Exim, and the participation of Spanish ECA FIEM on a project financing for the first time”
Keeping on track: Nacala Corridor
Transport Sub-Saharan AfricaWHAT WE SAID THEN: “It brings together many strands of project finance over the last 20 years, everything from risk allocation in concession agreements to managing political risk in a big-ticket ECA financing”
Gas glut: PNG LNG
Oil & Gas Asia PacificWHAT WE SAID THEN: “In terms of sheer scale and complexity PNG LNG represents not only the largest PF deal ever but also a true pathfinder that has profound implications for the regional energy finance market”
Dabhol trouble: Dabhol II gas-fired power
Power Asia PacificWHAT WE SAID THEN: “Many Indian power projects have attracted attention in recent years – mostly for the wrong reasons. Not Dabhol II” (ed. Not our finest hour)
Cheating death: Miami Access Tunnel
Transport North AmericaWHAT WE SAID THEN: “The most tangled PPP procurement process in the US, a market that has produced more tangled PPP procurements than most”
A new model: Thames Tideway Tunnel
Water EuropeWHAT WE SAID THEN: “The new Thames Tideway Tunnel sewer in London has achieved construction phase stable returns for investors and a cost of capital well below the industry average at 2.497%, all under a bespoke regulatory regime”
Pushing the boat out
Oil & Gas Sub-Saharan AfricaFloating LNG promises lower costs and flexibility to developers. But it also dredges up questions about the reliability of LNG delivery
MAPs of the world
Power EuropeThe smart meter market in the UK, with responsibility for roll-outs lying with energy suppliers, is a competitive market of independent meter asset providers, often backed by infrastructure funds
Desire straits: Taiwan offshore wind
Renewables Asia PacificIJGlobal held a roundtable in Taipei in May 2017 which explored the reasons why offshore wind projects in the Taiwan Strait have become so attractive to international companies
Beyond subsidies
Renewables EuropeThe first subsidy free contracts awarded for renewables in Europe could herald a transformation of energy markets
Triton Knoll offshore wind farm, UK
Renewables EuropeA consortium of Japanese investors turned heads in August when it won an auction to acquire 41% of the 860MW Triton Knoll offshore wind project with a bid understood to be 30-40% higher than that of second-placed Omers
Brexit – opening a can of worms
Transport EuropeBrexit. Travel anywhere around Europe as a British person and it’s all they want to talk about. What’s going to happen? How do you think it will impact you? Did you vote for it? What’s the future for infrastructure finance?
Europe rides the high offshore winds
Renewables EuropeThe European offshore wind sector continues to grow apace. A couple of major projects have reached financial close over the summer, others are reaching commercial operation, and new capacity auctions are now on the horizon
How to tie a noose…
Telecoms EuropeYou know it’s grim on the street when you idly google “how to tie a noose” while on the phone to an old chum (surprisingly easy, it turns out) as he drones on that – even though there’s actually quite a lot going on out there, it’s just a bit… you know… dull
Japan solar: sunset on greenfield
Renewables Asia PacificGenerous feed-in-tariffs drove the growth of Japan’s solar market. But with the government cooling on solar, industry players expect new greenfield developments to dry up
Santa Vitoria do Palmar financing, Brazil
Renewables Latin AmericaIDB Invest recently closed a total credit guarantee to help finance Atlantic Renewable Energy's 207MW Santa Vitoria do Palmar wind complex in Rio Grande do Sul, in a peculiar transaction that saw the private sector arm of the IDB Group provide a guarantee greater than the total value of the infrastructure debentures issued to fund the project