TerraForm looks to Mexico
Renewables firm TerraForm Power has said that risk-adjusted returns look more attractive in Mexico following the election of Andrés Manuel López Obrador, according to the group’s Q3 results statement. “Following the recent election, we are evaluating a number of opportunities to invest in Mexican renewables,” a statement reads. “Particularly after the decision to cancel the new Mexico City airport, we believe there is greater uncertainty, which may translate to attractive risk-adjusted returns.”
Daily News Highlights
US power deals go even lower
Debt pricing on gas-fired generation assets in the US has dropped again. Borrowers are striking while the iron is hot. By Nic Stone.
Infra pipeline continues to flow
2019 promises to be a big year for Australian infra deals. A host of deals are planned in NSW, Victoria and Queensland. By John Arbouw.
New doubts over Romanian PPP
Romania’s newest PPP attempt could be make-or-break for the programme as scepticism in the market grows. By Peter Collins.
Features
Myanmar reforms push major project pipeline
Myanmar is undertaking a series of reforms, both in terms of laws and policies, that strengthen the country’s attractiveness for energy and infrastructure projects. By Edwin Vanderbruggen, senior partner, VDB Loi, Myanmar.
Rigs to reefs – A growing trend
For more than 40 years the UK Continental Shelf (UKCS) has generated the bulk of the UK’s oil and gas production. However, dwindling reserves and the economic viability of extraction, together with the age of many oil and gas installations, has focused increased attention on the significant costs involved in decommissioning offshore oil and gas platforms in the North Sea. By Chris Harrison, partner, Pillsbury Winthrop Shaw Pittman.
PFI Global Infrastructure Report 2018
The global infrastructure market is moving into new territories - both geographically and sector wise. PFI’s Global Infrastructure Report 2018 takes look at the new kids on the block and in addition, some of the legacies from the old era. The Report carries case studies on deals as diverse as German fibre optic, the Canakkale Bridge and the Los Angeles people mover scheme. In addition it carries in depth pieces on the construction woes which befell Carillion and the Canadian super hospitals.
PFI Global Energy Report 2018
Developments in the LNG market and the spread of increasingly cheap renewable technology are dominating the global energy market. PFI’s Global Energy Report 2018 examines the driving forces behind these and other trends through case studies of landmark deals and articles on important market shifts. The report looks at new technology such as energy storage and new funding options for renewables.
PFI Legal Survey 2018
Refinitiv Project Finance International (PFI) is pleased to launch its survey of law firms in the project and infrastructure finance sector for the seventeenth year running.
The PFI Legal Survey will be published in November. To take part, please complete the survey form contained in this pdf.
PFI Comment
PPAs get real
Power purchase agreements have been the bedrock of project finance since at least the US Congress passed the Public Utility Regulatory Policies Act of 1978 (PURPA). Many PPAs still remain wedded to those IPP/utility roots, particularly in the emerging markets, but a break out is being engineered.
Most Popular
Project Finance MLA 2018 Q3
| # | Arranger | (US$m) | |
|---|---|---|---|
| 1 | MUFG | 10,524.1 | |
| 2 | SMBC | 7,770.6 | |
| 3 | Societe Generale | 5,715.4 | |
| 4 | Credit Agricole | 5,682.5 | |
| 5 | Santander | 5,401.2 | |
| 6 | ING | 5.104.3 | |
| 7 | BNP Paribas | 4,397.2 | |
| 8 | Mizuho | 3,900.0 | |
| 9 | Natixis | 3,555.8 | |
| 10 | Morgan Stanley | 2,901.9 |
Digital Edition
Access a digital edition of the latest print magazine here. Access the digital edition of the PFI Yearbook 2018 here.
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