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Monday, 25 July 2016

Ethiopia

Africa50 ready to fund

The African Development Bank’s Africa50 fund said it is ready to start financing projects and has an initial pipeline with a large number of renewable energy projects. The statement was made at the fund’s first annual general meeting held yesterday in Casablanca, Morocco. Since its launch in July last year, Africa50 has raised US$830m. See full story below.

Mexican President Enrique Peña Nieto

Structures emerge in a new paradigm

PFI Issue 581 - July 13, 2016

Mexican renewable financings are hitting the market. Structuring issues include accounting for merchant elements. By Nic Stone.

Callide

Callide C faces uncertain future

PFI Issue 581 - July 13, 2016

The 810MW Callide C power station in Queensland is in trouble. One of its 50% owners, IG Power, held by InterGen, has gone into receivership. By John Arbouw.

Wind

Corporates power wind financings

PFI Issue 581 - July 13, 2016

The range of corporate offtakers for renewable power in Scandinavia is broadening. Two private equity firms have signed corporate-backed wind deals. By Stefano Berra.

Features

League Tables

PF volumes sustained in 1H

PFI Issue 581 - July 13, 2016

The global project finance market saw a very small increase in volumes in the first half of 2016 to US$143.8bn, according to the latest table from Thomson Reuters Project Finance International. The underlying trends, however, show a jump in the EMEA region, with flat results in Asia-Pacific and falls in the Americas. The overall loan volume and bond issuance numbers are similar to those of 2015.

Canberra

A capital light rail project

PFI Issue 580 - June 29, 2016

On the crisp morning of Monday September 15 2014, the Capital Metro Agency (CMA) held an industry briefing for the ACT’s proposed light rail PPP, called the Capital Metro Project. With the Sydney Light Rail project in the final stages of closing, bidding consortia had not fully formed for what was widely viewed as a next-year deal. By Mark Decker, director, advisory at MUFG.

PFI Global Infrastructure Report 2016

PFI Global Infrastructure Report 2016

PFI Global Infrastructure Report 2016

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.

PFI Global Energy Report 2016

PFI Global Energy Report 2016

PFI Global Energy Report 2016

COP21 in Paris late last year saw nearly 200 nations setting about their green ambitions including their plans to develop renewable energy projects. The summit has given an added impetus to the push for renewable energy.

PFI Comment

Gherkin

A real problem

The real asset class has been an investment star over the last few years in these low yielding times. The asset class has been made up of two sectors – infrastructure and real estate – whose main commonality is that they are illiquid investments. It is time to break the link and draw some lessons.

Project Finance MLA H1 2016

# Arranger (US$m)
1 CDB 11,839.9
2 MUFG 8,097.0
3 SMBC 6,182.0
4 Mizuho 4,195.6
5 Credit Agricole 3,354.2
6 BNP Paribas 2,992.4
7 Societe Generale 2,912.9
8 Sberbank 2,852.9
9 Gazprombank 2,293.5
10 Santander 2,228.2

Digital Edition

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PFi Yearbook 2016 Cover image

PFI Yearbook 2016

PFI Yearbook 2016

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.