Latest Analysis
A30 toll road refinancing, Canada
Transport North AmericaThe refinancing of a project which was intended to divert traffic away from Montreal Island has steered a whole load of Canadian paper across the southern border and into the hands of US investors – a first for a major transport project in the country
DFI lending in Rwanda
Power Sub-Saharan AfricaSince President Paul Kagame launched his country's Vision 2020 development plan in 2000, substantial progress has been made on improving Rwanda's infrastructure
Acquisition of HES International, The Netherlands
Oil & Gas EuropeFunds managed by Macquarie Infrastructure and Real Assets and Goldman Sachs investment bank signed a $1.6 billion deal on 3 April to acquire one of Europe's largest dry and liquid bulk terminals operators – HES International. The acquisition is pending final completion
Nobody expects the Spanish disposition
Transport EuropePolitical upheaval in Spain has thrown the European market into disarray as the transport agenda is kicked into the long grass – wiping out the only greenfield pipeline of any scale on the continent
Asia green bonds: looking ahead
Renewables Asia PacificFinancing of renewables across the Asia Pacific has so far been dominated by commercial and multilateral banks. But regional bond investors are showing interest in green bonds and finance – fuelling hopes for the potential growth of capital market financing solutions
Corpus Christi 3 LNG, US
Oil & Gas North AmericaThis is the type of transaction that made everyone involved happy. IJGlobal understands that the only frustration on this deal came from the banks – they wanted more. Cheniere Energy awarded only 14% of what each bank had offered on the first new liquefied natural gas development in the US to move forward since 2015
Saudi – pricing the sun and wind
Renewables MENAThe Middle East has shot to the top of the renewable energy industry’s onshore leader board with an enviable programme of scale. Bidders are now tripping over themselves to compete and word from the banking community has it that lenders are wincing at the margins
Rosy outlook for Indian oil refineries
Oil & Gas Asia PacificIndia recently unveiled plans to set up the world’s largest refinery at Babulwadi, Taluka Rajpur in Ratnagiri district. The project is expected to cost around $40 billion and have a refining capacity of 60 million tonnes per annum
Afsluitdijk PPP, The Netherlands
Transport EuropeThe Netherlands’ Afsluitdijk PPP project reveals the extent to which banks from beyond the surrounding region are shying away from Dutch infrastructure projects. Meanwhile, with the Dutch PPP pipeline drying out, construction companies and banks in the Netherlands are also feeling the pinch
Spain: for whom the expropriation tolls
Transport EuropeThe euphoria that welcomed the announcement of a €5 billion greenfield Spanish roads programme has waned in recent months as expropriation risks bring progress to a stumbling shuffle and the dreaded four-letter word – toll – is whispered eagerly in the corridors of power in a bid to hedge their costs
2018-2020 infra pipeline in Peru
Latin AmericaPeru’s Private Investment Promotion Agency is conducting roadshows around the world to attract new investment to the country’s substantial pipeline of infrastructure projects. Opportunities for investors and contractors are vast. The Latin American country hopes the international investor community is more sympathetic to its petitions than FIFA has been
Saudi Arabian renewables tenders
Renewables MENASaudi Arabia in early 2018 announced ambitious new plans to promote renewable energy as part of the kingdom’s long-term strategy to diversify its economy. The kingdom is planning to tender a total of 3.3GW of solar capacity and 800MW of wind capacity this year, Turki Al Shehri, head of the Renewable Energy Project Development Office confirmed to IJGlobal in January
Malaysia: to HSR or not to HSR
Transport Asia PacificMalaysia's new Prime Minister Mahathir Mohamad’s pledge to review all foreign contracts and projects has those involved in the Kuala Lumpur-Singapore High Speed Rail project resigned to yet another delay. But the market remains optimistic that the deal will be approved, and the wait will be rewarded with a more transparent tender process
Battery power – applying the electrodes
Renewables EuropePerched in the Regency splendour of Le Méridien Piccadilly for the 19th gathering of REFF Europe, surrounded by the great and good of the renewable energy community for a couple of days this week, nervousness started to set in over what to write for Friday’s editorial...
Scaling Solar in Africa
Renewables Sub-Saharan AfricaThree years on from the launch of the International Finance Corporation's Scaling Solar scheme in Zambia, the programme is gaining traction. Four other African countries are now running procurements – and Zambia is coming back for another helping. Between them, they account for over 1.2GW of capacity
Redrawing the infrastructure map of Europe
Transport EuropeWith business slowing down in some of the countries that have seen most of Europe’s infrastructure activity over recent years, a number of other markets seem to be picking up the baton. Among these are Spain and Ireland, and unlikely candidate Belgium