Thursday, 22 August 2019
Western Australia energy company Alinta Energy has formally signed a 15-year power purchase agreement (PPA) with the University of South Australia on its 200MW Solar River project. Allens is the adviser to Alinta. Former Investec bankers Jason May and Richard Winter are heading the project for UniSA and the PPA will now allow finalisation of the A$480m (US$325m) project finance that is needed.
The growing demand for data and the infrastructure to host it has provided a new area of opportunity – data centres. By Will Marder, head of Wilmington Trust Project Finance.
The electric vehicle revolution will not happen without charging infrastructures. Given the capital-intensive nature of these assets, innovative financing solutions will be critical. The Allego deal is a first-of-a-kind transaction that paves the way for future deals in a new asset class. By Julien Touati, partner at Meridiam, and Laurent Chabot, co-head of the Paris-based Infrastructure team of Societe Generale Corporate & Investment Banking.
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.
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.
Welcome to the 2019 Thomson Reuters Project Finance International (PFI) Yearbook. The Yearbook is our annual publication in which we look at the events of 2018, through case studies and the PFI Awards, and look forward into 2019 with interviews and articles in the Global section of the book.
The dollar project bond refinancing of the Mong Duong power project in Vietnam shows the project bond movement in Asia is now kicking on into a trend rather than being a series of one-off events. But underlying the headlines are some important qualifications.
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