Friday, 19 April 2019
Cypress Creek Renewables has entered into a partnership with Starbucks and US Bank that backs two solar projects in Texas. The projects provide enough energy for the equivalent of 360 Starbucks stores in the state. Cypress Creek developed, built and now operates the two 10MW solar farms in Wharton and Blossom, Texas. US Bank brought Cypress Creek and Starbucks together to facilitate the transaction and provided a portion of the tax equity investment. Engie Resources is providing the retail energy requirements, including a structure that provides budget certainty via a fixed-price energy supply contract.
Latin America had been on the verge of becoming the world leader in renewable energy development. After the renewable energy development booms in Europe and the US had begun to taper off, developers turned to Latin America as the next gold rush region rich in development opportunities, particularly in jurisdictions such as Mexico, Chile and Argentina, where government policy-makers had implemented energy reforms to encourage renewable energy projects. By Dino Barajas, partner, Akin Gump Strauss Hauer & Feld LLP.
Uzbekistan has a long history and rich culture as a nation actively involved in global commerce and trade. For centuries, the country was at the very heart of the Silk Road connecting East and West. Today, the country once again sits at the crossroads of the One Belt One Road initiative. By Jason Kerr, Kamilla Azamat and Kamran Ahmad, White & Case.
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.
There is no accounting for taste. One person’s risk-free long-term financing is another’s capital-heavy drag on the balance sheet and vice versa. Welcome to the new world of institutional and bank project finance.
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