sections

Wednesday, 22 April 2015

Energy

Global Energy surveyed

PFI has published its Global Energy report, looking at energy financing trends across the globe. Can solar transform Africa? What is powering the Philippines market? The survey reviews various case studies from the first quarter, including the Shuakhevi hydro scheme, and looks at the prospects for countries such as Mexico, Chile and Australia. To access please click on the Special Reports tab.

Christopher Christiansen, executive vice president, Alevo Energy

Batteries search for bankability

PFI Issue 551 - April 22, 2015

Several big name battery storage transactions have grabbed headlines in recent weeks. Some in the industry believe contracts could be structured similar to gas tolling to facilitate deals. By Alison Healey.

Sat

NewSat falls to earth

PFI Issue 551 - April 22, 2015

The financing of Australian telecoms satellite by NewSat was meant to be a signature project. Last week NewSat was put on the verge of collapse after being placed into administration. By John Arbouw.

EU

Prodigals return

PFI Issue 551 - April 22, 2015

Debt pricing in Europe’s periphery countries is collapsing as banks hunt for yield. Fears are growing that Ireland is approaching levels in Germany. By Stefano Berra and Colin Leopold.

Features

Oil

Reserving judgement on RBL

PFI Issue 551 - April 22, 2015

The continued low oil price environment has placed considerable strain on the ability of independent oil and gas companies to plan for projected expenditure and to raise and retain debt. This article considers the impact of the continuing lower oil price environment on the reserve-based lending market and the capital structures of independent oil and gas companies, as well as exploring some emerging solutions and opportunities. By Thomas Bethel, partner, Herbert Smith Freehills.

Rabigh

Expansions – Time to double down

PFI Issue 551 - April 22, 2015

The Rabigh 2 expansion project is the latest chapter in the story of expansion financings in the oil and gas market and demonstrates the wealth of experience shared by sponsors, advisers and lenders that have participated in similar transactions that have come before. By Jason Kerr, partner, Carina Radford, associate and Anthony Elghossain, associate, White & Case.

PFI Yearbook 2015

PFI Yearbook 2015

PFI Yearbook 2015

Welcome to the 2015 Thomson Reuters Project Finance International (PFI) Yearbook. The Yearbook is our annual publication in which we look at the events of 2014, through case studies and the PFI Awards, and look forward into 2015 with articles in the Global section of the book. This year we have interviewed and profiled a host of leading sponsors from the Americas, Asia-Pacific and Europe Middle East & Africa (EMEA) to take the market temperature – to see how the clients are viewing market prospects.

LNG

LNG gets too risky

One sector, until now, has had an exemplary record when analysing global project credit performance – LNG. The problems of the telecoms boom of the late 1990s, the power boom of the early noughties and then the infraco M&A boom later in the decade all past by the LNG sector. But that record is changing.

Project Finance MLA 2015 Q1

# Arranger (US$m)
1 Mitsubishi UFJ 3,434.0
2 SMBC 2,411.6
3 Mizuho 1,748.6
4 Credit Agricole 1,490.6
5 SBI Capital 1,303.2
6 Societe Generale 1,289.0
7 BNP Paribas 1,176.1
8 KfW IPEX 1,042.3
9 Natixis 993.9
10 ING 787.7

Digital Edition

Access a digital edition of the latest print magazine here. Access the digital edition of the PFI Yearbook 2013 here.

To read the PFI Magazine or Yearbook Digital Edition you will need to enter your details in the login section. If you have forgotten your password, or would like to find out more about PFI subscriptions, please email rm.clientsupport@thomsonreuters.com.