Latest Analysis
Infra funds – the value chain gang…
Renewables EuropeEver since the start of the global financial crisis, the infrastructure community – the entire industry from infra funds through to lenders and advisers – has lived by the mantra “evolve or die”… a mind-set that stands true to this day
Three’s a crowd: the trouble with ME tenders
Power MENAA messy cancellation of a tender in Kuwait this week demonstrates why making advisers bid collectively for mandates has significant downsides
DFIs push ahead in Argentina
Oil & Gas Latin AmericaWhile the wider economy faces significant uncertainty, DFIs have continued to support energy and infrastructure projects in Argentina
Hallowe’en – an infra tribute to Poe
Renewables EuropeOnce upon a Friday dreary, while I pondered, weak and weary… the challenge of writing an editorial, mulling quaint and curious volumes of infra lore. While I nodded, nearly napping, suddenly there came a tapping as of someone gently hacking, writing stories on the news floor. “’Tis some reporter,” I muttered, “tapping at his keyboard – only this and nothing more.”
North Marmara motorway refinancing, Turkey
Financial close was achieved mid-September on North Marmara motorway PPP, concluding a restructure process that ensures delivery of an essential piece of Turkey's infrastructure that is deemed critical to the nation's continued economic growth
Acquisition of Elenia Lämpö Oy, Finland
Power EuropeThe sale of a business in any sector at 21x EBITDA will always cause a stir among market pundits, but this was not the case when Finnish district heating firm Elenia Lämpö Oy changed hands at such an aggressive multiple
BNDES - dominant no more?
Latin AmericaThe day capital markets are the main source of infrastructure finance in Brazil, replacing institutions that can offer subsidized interest rates or artificially-long tenors, might come sooner than some expect
Another year older, another year…
Oil & Gas Asia PacificThere are certain things by which you can chart your life and it’s a little bit sad when it dawns on you that IJGlobal’s quarterly league tables have become a landmark for tracking the flow of years
New Zealand's substantial infra pipeline
Transport Asia PacificThe Government of New Zealand has an ambitious pipeline of 174 infrastructure projects it intends to develop over the next five years, requiring a total investment of roughly NZ$6.1 billion. Taking the reins is the new Infrastructure Commission,Te Waihanga, due to be up and running as of this month
Steering solar equipment into safe harbors
Renewables North AmericaSolar equipment safe harbor deals that have been in the works since the first half of the year have begun to reach financial close in the last few weeks, starting with a dual-tranche transaction for Recurrent Energy
Infra M&A – virus that proves the vaccine?
Renewables Asia PacificAre people paying too much for infra and energy assets? Has the market finally reached the stage where stupendously stupid things are being done? With a market correction on the way, are the wheels about to fall off in the most spectacular manner?
Da Mi Floating Solar, Vietnam
Renewables Asia PacificAn independent credit assessment, a favourable credit rating, and a state-owned sponsor all contributed to allow Vietnam's first ever floating solar project to reach financial close this month
Lowland slowdown
Transport EuropePPP activity has moved from the Netherlands to Belgium. While the former was famed for its procurement, its neighbour has found projects slow-going
A new template for Flemish schools
Social & Defence EuropeBelgium is hoping it has learnt the lessons of the past as it tries to push forward the procurement of new schools in Flanders
Safeguarding Europe’s infra profits
Renewables EuropeThe Spanish renewable energy market serves as a prime example of the dangers of failing to factor in political and regulatory risks over the lifecycles of projects when procuring projects
Laydeez an’ gennelmen – place your bets
Social & Defence EuropeIn a sector designed for stable and predictable cash flows, safe bets placed on sound business cases… why does it feel these days like the industry’s studying form at the paddock?