The Philippines is one of the next exciting markets for offshore wind energy, said Ray Mclaughlin, the head of capital markets of Mainstream Renewable Power, one of the panel members for offshore wind energy at PFI’s 25th conference on Financing Energy Projects in Asia (FEPA) 2020 held last week.
There is a song linked to a football club housed on the wrong side of the Thames about blowing bubbles. Total's CEO Patrick Pouyanne has advised his staff to stop blowing bubbles in the renewables space in order to avoid a few own goals. But even VAR cannot decide if those rushing into the new green arenas are winners or losers, or even buyers or sellers.
On January 1 2021, Vietnam’s long awaited Law on PPP (the PPP Law) establishing an umbrella legal framework for all PPP projects will come into effect. The PPP Law aims to attract more private investment to the development of Vietnam’s infrastructure. By Adam Moncrieff, Chau Uong and Yelena Zamacona, Allen & Overy.
In the US, despite the continued spread of Covid-19 and the uneven approach to reopening, where that is even occurring, deals in the renewable energy sector are happening. By Chris Gladbach, partner, and Seth Doughty, associate at McDermott Will & Emery LLP.
The global infrastructure finance market is coping with a range of new realities following the Covid-19 pandemic. PFI has published its 2020 Global Infrastructure Supplement as the market starts to understand the long term consequences. The report looks at the new data and telecoms boom, case studies a range of infra deals financed this year, looks at new sectors and opportunities and reviews the impact of Covid-19 on the global infra finance sector. To see the digital version of this report,
Recent months have made 2020 look as though it had been cancelled outright. Like many people across Europe, I’ve only left my home in the Oxford countryside to make trips to the local post office, carefully sporting the latest fashion of surgical gloves and an anti-viral mask. Dreams of holidays to get some desperately needed vitamin D in southern France are distant memories; as are visits to family or friends. Others throughout the UK may have held back a grimace as breaking news pinged through to their phones last week – Schools won’t reopen until September. By Jordan Bintcliffe.
There have been a whole range of fibre to the home (FTTH) deals in the months leading up to lockdown and it is not going to stop any time soon. By Laurent Chabot, co-head of Infrastructure Finance, Paris, and Jonathan Tweed, head of TMT Finance, London, Societe Generale.
On April 9 2020, a private contractor was able to raise US$281m of proceeds in the US municipal bond market to finance the construction of the Lincoln South Beltway, a new 11-mile east-west highway south of Lincoln, Nebraska. By Barney Allison, partner and Brandon Nguyen, associate, Nossaman LLP.
The bundled Hokkaido 7 Airport Concession Project reached financial close on December 19 2019, becoming the largest ever project finance transaction in Japan. By Taro Kanayama, senior vice-president, Project Finance Department, Mizuho Bank, Japan.
In April, financial close on the 30-year public-private partnership (PPP) of the A3 motorway in Germany was reached by A3 Nordbayern GmbH & Co KG, a project company whose shareholders are Eiffage SA and Johann Bunte Bauunternehmung GmbH & Co KG. By Robert Hofbauer, counsel, Finance & Projects, Torsten Pokropp, partner, Head of German Finance & Projects Practice, Frank Roth, partner, Public Procurement, and Lars Warrink, and Goran Nilsson, directors, Structured Finance Office for EMEA, MUFG Bank Ltd.
Mega infrastructure PPP projects in Melbourne, Sydney and New Zealand are running into problems, with sponsors and contractors at each other’s throats and in the courts to resolve issues arising from unexpected difficulties during construction. By John Arbouw.
The use of public-private partnerships by public universities in the United States is not an entirely new or recent concept. P3s have become an established method for procuring student accommodation projects, with at least eight such projects reaching close last year alone. By Dolly Mirchandani, partner, and Claire Watson, counsel, White & Case LLP.
In this article we give an overview of Kazakhstan’s public-private partnership (PPP) law and its application to the healthcare sector in Kazakhstan. By Ayesha K Waheed, partner, Asem Bakenova, international partner, Nur-Sultan, and Daniyar Zhumakhanov, associate, Almaty, Morgan Lewis.
The effects of the Covid-19 pandemic have had a considerable impact on Turkish health public-private partnership projects and it is worth examining the challenges that have been created as a result. By Devrim Ergun, partner, and Nigar Özbek, senior associate, Çakmak Avukatlik Ortakligi.
The ratification of the Africa Continental Free Trade Agreement is a milestone that has been celebrated across the continent. By Banji Fehintola CFA, senior director and head of treasury and financial institutions at Africa Finance Corporation.
The concept of asset recycling has emerged as a noteworthy option to unlock private and institutional investment towards infrastructure assets. By Sharad Somani, partner and the ASPAC head of infrastructure, and Jun Yan, manager, with KPMG Singapore’s Infrastructure Advisory practice.
After a slow start, airport public-private partnerships (P3s) were finally starting to find some traction in the US in recent years, with several significant projects reaching financial close. By Roderick Devlin, partner and Angelica Valencia, partner, Nixon Peabody LLP.
It is very difficult to understand how the future will evolve in many sectors, given the current market conditions, but particularly for economic infrastructure assets such as airports. By project financier Ian Dixon.
Infrastructure stakeholders around the globe are assessing what challenges and opportunities the coronavirus presents for the sector. By Richard Abadie, PwC, Global Capital Projects & Infrastructure Leader, and Yvonne Welsh, PwC, senior manager, Capital Projects & Infrastructure.
The impact of the coronavirus pandemic creates risks that are far beyond what has been experienced in the infrastructure and project finance sectors in many decades. The wide range of transactions, from enterprise to project structures, single-asset to multi-asset, demand-based to contracted, and single jurisdiction to multi-jurisdiction provide for a wide variety of potential effects. By Sajal Kishore, senior director and head of Asia-Pacific Infrastructure and Project Finance, Fitch Ratings.
Welcome to the 2020 Refinitiv Project Finance International (PFI) Yearbook. The Yearbook is our annual publication in which we look at the events of 2019, through case studies and the PFI Awards, and look forward into 2020 with a range of articles in the Global section of the book.
|Date||Project Name||Region||Country||Sector||Cost (US$m)||Developer||Advisers||Story Link|
|Marlim Floating Production and Offloading Vessel Oil Field Project||LATAM||Brazil||Oil & Gas||969.000||Marubeni Corp, Mitsui & Co Ltd, Mitsui Osk Lines Ltd, MODEC Inc|
|Valorem Renewable Assets Refinancing Project||EMEA||France||Power, Power, Power, Power||423.360||Valorem SAS||ASTRIS-FINLINKLATERS, WAT-FARLEY-WIL|
|SJ AB High Speed Trains Project||EMEA||Sweden||Transportation||168.290||SJ AB|
|Mozambique LNG Project||EMEA||Mozambique||Oil & Gas||20,000.000||Mitsui E&P Mozambique Area 1, Total SA, Rovuma Lng, Ongc Videsh Ltd, Bharat Petroresources Ltd, Pttep Mozambique Area 1 Ltd, Beas Rovuma Energy Mozambique||SOC-GEN, CREDIT-AGRICOLELINKLATERS, LATHAM-WATKINS, KING-SPALDING, WHITE-CASE, VIEIRA, JLA-ADVOGADOS|
|Aspas Solar Photovoltaic Project||EMEA||Spain||Power, Power||50.380|
|Kakolanmaki Wastewater Treatment Project||EMEA||Finland||Water & Sewerage||10.540||Turun Seudun Puhdistamo Oy|
|PCH Lajes Project||LATAM||Brazil||Power, Power||3.560||Light SA|
|NIMH Solar Portfolio Project||NA||United States||Power, Power||209.600||Clearway Energy Group LLC||MILBANK-LLP|
|Bahia Transmission Line and Feira de Santana Substation Project||LATAM||Brazil||Power, Transportation||4.230||LC Energia Holding S.A||STOCCHE|
|Piaui Transmission Line and Chapada I Substation Project||LATAM||Brazil||Power, Transportation||3.530||LC Energia Holding S.A||STOCCHE|
|Date||Project Name||Status||Region||Country||Sector||Cost (US$m)||Developer||Advisers||Story Link|
|Total Solar Photovoltaic Portfolio Project||Announced||EMEA||Spain||Power, Power||0.000||Total SA||CLIFFORD-CHANCE|
|Sebastopol Solar Farm Project||Announced||EMEA||United Kingdom||Power, Power||0.000||Fotowatio Renewable Ventures|
|40MW Manje Solar PV Farm Project||In Tender||EMEA||Mozambique||Power, Power||0.000|
|40MW Dondo Solar PV Farm Project||In Tender||EMEA||Mozambique||Power, Power||0.000|
|Fortum District Heating Assets Sale Project||Announced||EMEA||Poland||Power, Power||1,764.000||Fortum Oyj|
|County Offaly Battery Storage Systems Project||Announced||EMEA||Ireland-Rep||Power, Power||123.480||Hanwha Energy Corp, Javah Energy Holdings Ltd||SYNERGY-CONSULTARTHUR-COX|
|Lekela Grid Scale Battery Storage Facility Project||Announced||EMEA||Senegal||Power, Power||0.000||Lekela Power B.V, Senelec|
|Orsted and Yara Green Hydrogen Electrolyser Plant Project||Announced||EMEA||Netherlands||Power||0.000||Yara International ASA, Orsted A/S|
|Luxbon Solar PV Portfolio Acquisition Project||Announced||EMEA||Portugal||Power, Power||0.000||Finerge SA, Hanwha Q Cells Co Ltd||LINKLATERS, VIEIRA|
|Galloper Offshore Wind Farm Expansion Project||Announced||EMEA||United Kingdom||Power, Power||0.000||RWE Power AG, UK Green Investment Bank PLC, Siemens AG, Sumitomo Corp Asia Pte Ltd|