Green data centres are quickly becoming the standard and not the exception in an industry increasingly catching the eye of investors. Robert White, managing director, head of green & sustainable hub – Americas, Natixis CIB outlines the sustainability issues surrounding an emerging asset class in an interview with PFI

Solar power provides stable, reliable and predictable energy generation over the life of the asset. It is the premise behind Ampyr Solar Europe’s ambition to become the leading solar independent power producer in Northwest Europe. By Nick Herbert

Akereos Capital’s €680m debt financing for BNZ’s 1.7GW solar pipeline provides a zero-to-100 capex financing solution without the need for a penny of equity, according to CEO and founder Kostas Nikolopoulos. The energy transition-focused merchant bank’s goal is to offer full-service, A-to-Z support across the renewable energy sector in Europe. By Jordan Bintcliffe

Europe needs to invest massively in renewable energy. It is the premise behind RGreen Invest’s excitement for the sector’s growth over the next 10 years. By Nick Herbert

The government of Vietnam has issued the long-awaited Decree No. 80/2024/ND-CP (Decree 80) on corporate power purchase agreements, which entered into force on July 3 2024. In this article, our lawyers examine the legal implications of these significant developments for renewable energy projects in Vietnam. By Pham Ba Linh, managing partner and head of energy, project finance and infrastructure, Lexcomm Vietnam LLC

Compliance risks can arise in myriad ways in project finance structures. By Mark Hunting and Ronen Lazarovitch, partners at Bracewell (UK) LLP

Project finance is booming in the US, with the market doubling since Donald Trump was last president. There is a sense more is at risk this time around following passage of the IRA. By Nic Stone

Borrowers and lenders have now had time to assess the seismic changes in the market introduced by the Inflation Reduction Act (IRA) of 2022, including the ability to transfer tax credits. By Chris Gladbach, Jim Salerno, Joel Hugenberger and Jeeseon Ahn, partners, McDermott Will & Emery LLP

Greenbacker Renewable Energy has used innovative financing mechanisms to take full advantage of tax incentives from the Inflation Reduction Act. Transactions were tailored around transferability and a bonus tax credit. By Alison Healey

The past few years have been a time of change and evolution for Foss & Company. The tax equity provider has become a force in US renewables project finance and is planning new 2025 launches. By Alison Healey

Private credit in Latin American project finance had a breakout year in 2024. The Aguas Esperanza water pipeline deal in Chile highlighted one of the favoured structures. By Nic Stone

The growing complexity of infrastructure and renewable projects in Australia – a case study of the Onslow Road Project. By Brendan Quinn, partner and head of project finance Asia-Pacific, Hilary Cure, partner, SuZanne Yap, senior associate, and Laurence Judges, senior associate, White & Case

India stands at the cusp of a transformative shift from an emerging market to a developed economy, with digitisation poised to play a pivotal role in this journey. Central to this digital revolution is the surging demand for a robust data centre infrastructure, which has become the backbone of India’s rapidly expanding digital economy. By Navneet Sahu, assistant vice-president loan syndication, Anik Kumar Deb, assistant vice-president real economy group and Sonal Gupta, manager loan syndication, Axis Bank

As South-East Asia grapples with the urgent need to balance sustainability goals with rapid urbanisation, the region’s abundant resources present a compelling opportunity to leverage biomass energy for meeting its growing energy demand. By Xiangnan Li, executive director, project finance, Joelle Chin, vice-president, project finance and Lakshmi Natarajan, vice-president, project finance, DBS Bank

Standard Chartered was involved in nearly all the major international deals in the Middle East & Africa region in 2024 and led quite a few in terms of advising, structuring and underwriting. The Gulf is an active project finance region with a mix of local, regional and international banks. Standard Chartered is the one bank that consistently straddles all three.

Italy’s renewables market is on a steady growth curve, with growing interest from international investors, sometimes supported and sometimes challenged by local regulations. Trends and ideas were discussed at the latest Italian Renewables Investment Forum held in October. By Daria Buonfiglio, head of strategic marketing and communications, Green Horse Legal Advisory

Ronesans Holding and its group companies have closed nearly €4bn project financing this year, including €1bn debt for the Nakkas-Basaksehir motorway in Turkey. By Cristiana Sandeva

The Hafeet Rail project, a landmark initiative by Etihad Rail, Oman Rail and Mubadala Investment, marks a significant milestone as the GCC's first cross-border rail network. This ambitious project is the first of its kind, a government-government collaboration in the region’s rail sector and aims to enhance connectivity between the UAE and Oman, fostering economic growth and sustainability. Among several firsts, it is the region’s first ever greenfield rail project to be financed on a limited recourse project finance basis and should serve as a benchmark for several other rail projects in the future given its cross-border complexities, regulatory framework besides lenders taking on demand/operating risk. By Stephen Knight, partner, Dentons and Saurabh Kumar, executive director project finance, Standard Chartered Bank