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Monday, 30 March 2020

Brazil wind

Statkraft eyes wind bonds

Norwegian state-owned energy company Statkraft, through subsidiary Statkraft Energias Renovaveis, has been granted approval to enter its 75.6MW Serra da Mangabeira wind park into the national infrastructure bond REIDI programme. Project costs are roughly R$291.8m (US$56.6m). REIDI allows companies to speed up implementation of projects through priority status, while they can also issue tax incentivised bonds. The company will break ground on the scheme in Bahia by July 1 2023, with commercial operation expected on January 1 2025. 

US Solar

Taxing times for US renewables

PFI Issue 669 - March 25, 2020

Coronavirus-linked concerns are hitting the previously booming renewables market hard. Future availability of tax equity is one of the biggest questions. By Alison Healey and Nic Stone.

oz infra

The new reality

PFI Issue 669 - March 25, 2020

The project finance market in Australia is playing coronavirus holdem. Super funds are already revaluing their assets. By John Arbouw.

World Bank

DFIs ready to do more on coronavirus

PFI Issue 669 - March 25, 2020

Tens of billions in emergency support have been announced by multilaterals to combat the effects of coronavirus. This is expected to be a just a “first step”. By Peter Collins, Nic Stone and Minerva Lau.

Features

coronavirus

Contract counterparties scramble to keep up

PFI Issue 669 - March 25, 2020

The current coronavirus pandemic is affecting most of the world’s population, in ways and on a scale that has never before been seen or experienced in our lifetimes. By James Harris, partner Singapore, Catherine Bendeich, special counsel Melbourne, and Sonal Shah, partner London, Pinsent Masons.

Disputes

Back to basics on disputes

PFI Issue 669 - March 25, 2020

When it comes to effectively reducing and managing disputes, the more complex the project, the more important attention to the basics becomes. By Meagan Bachman, partner, Squire Patton Boggs.

PFI Yearbook 2020 Cover

PFI Yearbook 2020

PFI Yearbook 2020

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.

PFI global infra cover 19

PFI Global Infrastructure Report 2019

PFI Global Infrastructure Report 2019

The global infrastructure market in 2019 has seen a range of deals financed and plenty of new plans hatched. The problems in the contracting sector remain, however. PFI’s Global Infrastructure Report 2019 case studies leading deals such as Gordie Howe, Florida Rail, Paraguay’s Corredor Bioceanico, Shuqaiq IWP, Tours-Bordeaux and Belgrade Airport. Themes such as China’s Belt & Road and Thailand’s Eastern Economic Corridor are examined and the problems with US and Australian construction projects are revealed.

PFI Global Energy Report 2019

PFI Global Energy Report 2019

PFI Global Energy Report 2019

The renewables sector remained the most vibrant energy market over the past year, while the TAP pipeline brought back attention to mega oil & gas projects. PFI’s Global Energy Report 2019 looks at emerging renewables markets, such as Poland and Vietnam, alongside established ones, such as Belgium and Scotland, with an eye on the boom under way in Spain and Australia. The report examines new structures such as US energy P3s and Asian Green bonds and offers an outlook on LNG and FPSO financings. 

Digital Edition

Access a digital edition of the latest print magazine here. Access the digital edition of the PFI Yearbook 2020 here.

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PFI Comment

Canary Wharf

Reservation of rights

So I guess the first thing you do during a global pandemic is reserve your rights under contract. Then you dust yourself down in your new office, next to the lounge area downstairs, and move on.

Project Finance MLAs 2019

# Arranger (US$m)
1 MUFG 16,150.8
2 SMBC 15,980.6
3 Mizuho 12,642.1
4 SBI Capital 11,338.0
5 BNP Paribas 10,003.9
6 Santander 9,805.7
7 Societe Generale 9,400.8
8 ING 9,263.9
9 Credit Agricole 9,215.4
10 Bank of China 7,628.9