Monday, 22 December 2014
The Project Finance International (PFI) Yearbook 2015 has been published. The PFI Yearbook contains a host of profiles, case studies and, of course, the 2014 PFI Awards. The 2014 PFI Awards ceremony will be taking place on the evening of Wednesday February 4 2015, once again at The Hilton, Park Lane, London, with host Jimmy Carr. It will see over 600 of the world’s most senior project finance professionals gather to recognise and celebrate excellence throughout 2014.
Two large-scale onshore wind farm projects have been closed in recent weeks, marking the reopening for business of the Portuguese project finance market after the country’s sovereign crisis. By Stefano Berra
In the face of hundreds of billions worth of decaying infrastructure nationwide, an increasing number of US states, municipalities and public institutions are turning to the private sector for help. By Pamela Schools, regional communications manager for Corvias Solutions and Kelly Douglas, communications director at Corvias Campus Living.
Project Brainwave is a landmark transaction featuring an innovative debt package that combines a bank facility with a bond issue, resulting in a very attractive refinancing solution: non-recourse, fully secured, unwrapped and unrated. By Emmanuel Gillet Lagarde, head of Europe and Alberto Cei, regional head, Italy, at Natixis Global Infrastructure & Projects.
The project finance market in Europe has become intensively competitive as the number and type of debt providers grows. Banks are coming back strongly into the medium and long term debt market as the effects of the euro crisis fade. Institutional investors, attracted into the market to fill the gaps made when the banks left during the euro crisis, remain and indeed are growing keener on the infrastructure sector. In times of low interest rates and low inflation, the yield uptick offered by creditworthy projects is compelling.
The keenly awaited annual Project Finance International (PFI) Global Infrastructure report has been published at a time when the market is turning. More long term liquidity is available for infrastructure schemes, pricing on shorter term infraco deals is moving down encouraging sponsors back into bidding for assets and the projects pipeline is showing signs of growing once again.
PFI has released its first Best Practice in Asia report - at a time when the procurement and development of projects has never been more critical as the region seeks to ensure its infrastructure keeps pace with its economic growth. The report includes a range of views from senior project practitioners plus the first PFI Citations for best practice.
This is the 8th year that PFI is putting together an annual report on India. It comes at a special time when the country has just elected a new prime minister – Narendra Modi – the leader of Bharatiya Janata Party, who broke the status quo and is expected to bring marked changes to the direction the economy has been going through. The theme of the report will thus be “the rebooting of India”.
The Thomson Reuters Project Finance international 2014 league table returns are due to be submitted on December 31st. The tables are for mandated lead arrangers for loans, lead managers for bonds and for financial advisory services on project finance deals. Click here to obtain a form and details of the league table process.
When the US LNG import boom collapsed, to be honest it never really got going, help was at hand. Turn the projects around and take advantage of a new boom, US LNG exports. The energy market could need to turn ideas on their head again next year as the oil price collapse continues.
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The Global Energy report takes a look at the full range of issues currently exercising the project finance market - from funding schemes in Africa and obtaining finance for coal fired plants onto renewables, FLNG and the LNG boom in North Americas.
The need for rail road, power, port and resources infrastructure has become an economic priority for countries across the Asia Pacific. The lessons from past infrastructure financing failures have also been learned as governments, sponsors and lenders frame new financial structures that share and minimise financial risk during construction.