Latest Analysis
The role of cost-benefit analysis in the tragedy of the horizon
Renewables North AmericaIn 2015, Mark Carney, Governor of the Bank of England, spoke to a room full of some of the world’s savviest bankers and issued a chilling warning. He said that if climate change continued unchecked, it would threaten the world’s financial stability resulting in what he termed the “tragedy of the horizon.”
A look inside ADB's Energy Transition Mechanism
Renewables Asia PacificFuture project finance participants will remember 2021 as the year when Southeast Asia threw down the innovation gauntlet. ADB recently selected a team of advisers to work on a funding vehicle to phase out coal while scaling up renewables in Southeast Asia. IJGlobal shares insights from project insiders and a Prudential chairman who is an outspoken proponent of the coal retirement mechanism
REFF Wall Street: Financers still wary of taking on merchant solar
Renewables North AmericaWhile some debt investors have grown increasingly comfortable financing merchant solar assets over the last few years, many market watchers at REFF Wall Street 2021 remain unconvinced that the attractive yields to be gained by taking on merchant exposure outweigh the associated risks
REFF Wall Street: Rapid renewables buildout could cause "surprises down the road"
Renewables North AmericaConference goers at REFF Wall Street 2021 in New York this week applauded the tremendous volume of investments in the renewables space over the last year-and-a-half, despite the disruption wrought by the Covid-19 pandemic, but some warned that there could be "surprises down the road" as a result of the rapid buildout of the asset class
Fund managers exit left – suitcases of cash
Renewables EuropeA spate of infra fund IPOs in recent times has many in the infrastructure community casting covetous eyes at prosperous peers while sucking their teeth and muttering darkly about directions the market’s taking
Solar tax equity investor exits ramp up
Renewables North AmericaDeal watchers have observed that solar project owners are increasingly buying out the tax equity investors in their projects or arranging for third-parties to take their place, as several projects pass their tax credit recapture periods
REFF Wall Street: Wind sponsors make sense of tax equity outlook
Renewables North AmericaWind sponsors look poised to favor a "more equitable" direct-pay structure following the approval of a portion of the Democrats’ proposed $3.5 trillion spending package by the US House of Representatives' Ways and Means Committee, which could alter the tax equity landscape
Network Rail’s Project Reach
Transport EuropeNetwork Rail’s Project Reach – a live process which promises bidders the opportunity to upgrade UK fibre along the rail network in exchange for the right to monetise additional capacity – has raised questions among industry watchers as to whether the enterprise is out of touch
Digital infra to fuel LatAm growth
Telecoms Latin AmericaPoorly developed digital infrastructure across Latin America and the Caribbean (LAC) serves as a major impediment to economic development in the region, according to speakers at the IJLatAm 2021 conference hosted this week in New York
Kaban Green Power Hub, Australia
Renewables Asia PacificFrench renewable energy developer Neoen brought its Kaban Green Power Hub in Far North Queensland to financial close earlier this month in spite of a host of trial and tribulations
A little bit of SONIA in my life…
Transport EuropeAs the market trembles its way into the final quarter of the year, minds turn sluggishly to the next big challenge facing lenders as the deadline looms for the demise of Libor and its similarly-named cousins across the globe
Kinguélé Aval hydropower IPP, Gabon
Power Sub-Saharan AfricaIn the middle of this summer, French asset manager and infra investor Meridiam gained the distinction of bringing Gabon’s first grid-connected IPP to financial close
The ramifications of Congress' latest REN proposals
Renewables North AmericaThe US House of Representatives' Ways and Means Committee has approved a critical portion of the Democrats' proposed $3.5 trillion spending package, which includes federal tax credit extensions and a direct-pay option, but market participants have warned that some of the newer measures mixing social and energy policies could have "cataclysmic ramifications"
The real reason why the infrastructure deal is so important
Renewables North AmericaWe applaud Washington lawmakers for bipartisan support reached on investments in US infrastructure
Los Guzmancito, Dominican Republic
Renewables North AmericaAs the Dominican Republic opens up for private investments into renewable energy projects under President Luis Abinader, local developer Grupo Energético 23 managed this summer to wrangle debt financing for its first such asset in the country
Coaxing wild animals into cages
Social & Defence EuropeTalking to people around the market this week puts one in mind of idle moments trawling through Facebook, pausing to watch videos of kind-hearted individuals desperately trying to lure a flea-bitten dog into a cage so they can find that forever home. Curiously, right now it feels pretty much like that in work.