Latest Analysis
The renewable race to refi
Renewables Asia PacificAll you ever hear these days is doom and gloom. You’d think we were back in the days of box-toting bankers smiling ruefully for the cameras as they exit Lehman Brothers for a final time, liberated pot plant under arm
Umm al Quwain IWP, UAE
Water MENAOnly a few remaining conditions precedent stand in the way of ACWA Power reaching financial close on a second desalination facility in the United Arab Emirates in just one month – the latest being the $800 million Umm al Quwain IWP
Fund analysis: AMP Capital Infrastructure Debt Fund IV
Oil & Gas Asia PacificAs the interest for mezzanine strategies spreads among equity managers, AMP Capital has reinforced its reputation in this space by raising a total $6.2 billion on its latest vintage
A tale of two sectors
Mining Sub-Saharan AfricaRenewable energy projects and mining developers have both seen significant investment in Sub-Saharan Africa in recent years
A game of infra bingo
Renewables EuropeLadies and gentlemen, take your seats for this afternoon’s infrastructure entertainment. We’ve a game for you to play – a real crowd-pleaser – one that’ll have you on the edge of your seats and excite your competitive spirits
Formosa 2 offshore wind, Taiwan
Renewables Asia PacificFormosa 2’s $2 billion debt package closed late in October 2019 with the equity contributions to be finalised later in November. The project financing marks K-Sure and Taiwan Life's entries into the market, but Taiwan's state-owned banks have cold feet when it comes to offshore wind
Taxiing before take-off
Transport North AmericaAirport privatisations in the US have largely remained grounded, with numerous cancellations, but two deals are now at least moving towards the runway
Taweelah IWP, United Arab Emirates
Water MENAAbu Dhabi is going to be home to not only the world's largest independent water producer (IWP) but also the world’s cheapest tariff for desalinated water thanks to the $1.2 billion Taweelah IWP
US infra spending – a missed opportunity
Transport North AmericaThe cancellation of the Mobile River Bridge P3 shows the limitations of federal efforts to increase infrastructure spending
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