Saturday, 01 October 2016
Brazil’s Ministry of Mines and Energy has approved three wind projects to sell infrastructure debentures. The projects are worth a combined 90MW and are known as the Ventos do Norte 13, 15 and 18 projects. They are part of the Delta 3 wind complex being developed by Brazilian company Omega Energia Renovável. The green light to sell debentures will require about US$57m each to develop and will now be able to fast track their development via the sale of the bonds.
In some ways, energy storage resources are currently where renewable energy resources were a decade ago. The last decade has seen the explosive growth of wind and solar renewable energy resources. Energy storage resources also appear poised for heightened growth over the next decade. By Neeraj Arora, of counsel, Morgan Lewis & Bockius.
The first decision in arbitration proceedings brought against Spain’s renewable regime changes sheds some light on the Energy Charter Treaty’s application in the European Union. By Mónica Feria-Tinta and Gordon Nardell QC, 20 Essex Street Chambers.
The three largest insurance groups in Germany are emerging as dominant institutional investors in the European infrastructure debt market. By Stefano Berra.This market now encompasses the full range of players in the global capital markets – from private equity to large scale pension and insurance funds and sovereign wealth funds on the equity side onto institutional debt providers, investment banks and commercial banks on the debt side.
The 2016 Project Finance International Europe, Middle East & Africa (EMEA) Report provides a range of case studies from the region plus a look at key themes in the market such as the evolving structure of power purchase agreements and new credit enhancement products.
Power transmission is obviously as important as power generation, both need each other. But while power project developers push on with more and more new independent schemes, regulated transmission often lags behind.
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Welcome to the 2016 Thomson Reuters Project Finance International (PFI) Yearbook. The Yearbook is our annual publication in which we look at the events of 2015, through case studies and the PFI Awards, and look forward into 2016 with articles in the Global section of the book.