The European Investment Bank (EIB) and Spanish bank Santander are evaluating a framework loan agreement for the financing of renewable energy projects in Chile. The agreement covers a total proposed financing of about €490m, of which the EIB could provide around €200m. The funding would be allocated to medium and large renewable energy projects. Santander would check eligibility, perform due diligence and monitor projects following the EIB’s policy.
Daily News Highlights
A billion-dollar highway and more than US$500m in hospitals are too heavy a financial load for Chilean banks, forcing developers to look to bridge loans, project bonds, multilaterals and international banks to fill the gap. By Alan Gersten.
The conditional approval on February 11 2014 of Sempra’s Cameron LNG project for export to countries without US FTA indicates that the Department of Energy will continue to issue additional project approvals on a case-by-case basis and in a timely fashion. By Leslie Palti-Guzman, LNG analyst, Eurasia Group.
British Columbia has finally unveiled some long-awaited information on a proposed tax framework that will have a major impact on the development of massive LNG projects. By Alison Healey.
Welcome to the 2014 PFI Yearbook. The Yearbook is our annual publication in which we look at the events of 2013, through case studies and the PFI Awards, and look forward into 2014 with articles in the Global section of the book. This year, we have introduced a series of interviews in the Global section with leading players in project finance across around the world in order to take the market’s temperature.
Global Energy Report 2013
The project finance market has been excited over the last few years by the funding of a range of world scale energy projects, culminating in the US$35bn Ichthys LNG scheme from late last year.
The global infrastructure funding market has been knocked sideway by the financial crisis but is now emerging from this period in a healthy state. Banks have become competitive once again, albeit on different terms, the capital markets have re-emerged as an important source of liquidity and the infra fund sector has developed into vibrant participant.