Friday, 26 August 2016
The French government has begun the first phase of a 3GW solar PV tender that will continue over the next three years. Energy minister Segolene Royal launched the first 500MW call for bids, which will be open to projects between 0.5MW and 17MW. Some 300MW will be reserved to plants above 5MW and another 135MW will be open to projects between 0.5MW and 5MW. See story below.
Legal and financial advisers have been approached for two oil export pipelines in East Africa. Their combined capex is well over US$5bn but each is very different. By Colin Leopold and Rod Morrison.
Governments in the Middle East and North Africa (MENA) region have started to take steps to develop housing projects through public-private partnerships (PPP). By Shashank Rath and Varun Dave, Synergy Consulting.
On June 30 2016, Rabigh Electricity Company achieved financial close on the US$1.83bn refinancing of its existing senior facilities. By Sharath Coorg, director, and Haoyong Chen, manager, acquisitions and project finance, ACWA Power.
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.
International pipelines are the ultimate infrastructure PPP style asset. Funded usually with an availability, toll or take-or-pay type structure, they provide a utility type risk/reward profile to debt or equity. But at the same time, they are the most complex of assets.
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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.