Sunday, 31 May 2020


Meralco targets 3GW

Manila Electric is aiming to have 3GW of new capacity in the five years as part of its growth strategy for its Meralco Powergen unit. “We are targeting around 3GW in the next five years, with 1GW allocated entirely to renewable energy projects,” Meralco president and CEO Ray Espinosa said during the company’s stockholders’ meeting. Renewable energy projects will be pursued through its subsidiary MGEN Renewable Energy. 

Mexico wind

Renewables quarrel goes global

PFI Issue 673 - May 20, 2020

Mexico has suspended pre-operative tests for solar and wind projects. The blowback is coming thick and fast. By Nic Stone.


Pertamina readies big loan launch

PFI Issue 673 - May 20, 2020

Pertamina is launching a massive US$3bn debt facility shortly. The move will boost a market whose activities have been stifled by Covid-19. By Minerva Lau


OPWP to withhold payments

PFI Issue 673 - May 20, 2020

Oman Power & Water Procurement is looking to withhold payments to its private producers. The move comes as the country tries to conserve funds during the pandemic. By Rod Morrison and IFR reporters.


Oman Solar

Ibri II defies Covid-19 getting to financial close

PFI Issue 673 - May 20, 2020

The 500MWac Ibri II solar photovoltaic independent power project (Ibri II PV IPP) will be the largest utility-scale solar PV IPP in the Sultanate of Oman. It was procured by the Oman Power and Water Procurement (OPWP) company and will be developed on a BOO (build, own and operate basis, utilising bifacial solar PV technology to generate 500MWac of renewable power. Rohit Gokale, vice-president, and Neeraj Nishad, senior manager, of ACWA Power’s acquisitions, project finance and divestitures group discuss and outline the key aspects of the transaction.


Unlocking the potential of green hydrogen

PFI Issue 673 - May 20, 2020

The use of hydrogen is not new, but it is seeing a resurgence in popularity due to its potential to support the transition to a decarbonised energy system. By Anne Lapierre, global head of energy and partner, and Tomas Gärdfors, partner, Norton Rose Fulbright.

PFI Global Energy Report 2020

PFI Global Energy Report 2020

PFI Global Energy Report 2020

The global energy finance market continues to juggle a host of challenges and opportunities. PFI has published its 2020 Global Energy Supplement, featuring a host of case studies and articles on the latest market trends and obstacles. Successes in Asian offshore wind African power, the challenges posed by Covid-19, and the future of electric vehicle charging are some of the key themes in this year’s issue.

PFI Yearbook 2020 Cover

PFI Yearbook 2020

PFI Yearbook 2020

Welcome to the 2020 Refinitiv Project Finance International (PFI) Yearbook. The Yearbook is our annual publication in which we look at the events of 2019, through case studies and the PFI Awards, and look forward into 2020 with a range of articles in the Global section of the book.

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PFI Comment


Book reading at home

The full impact of the coronavirus lockdown is becoming clearer by the day. Frustration is replacing the initial excitement across the world. In the virtual vaults of the world’s virtual banks, attention is turning to the state of the virtual loan books.

Project Finance MLAs Q1 2020

# Arranger (US$m)
1 SMBC 4,003.2
2 MUFG 3,753.5
3 SBI Capital 3,092.3
4 Societe Generale 2,364.2
5 Mizuho 2,091.0
6 Santander 1,701.1
7 ING 1,649.5
8 Credit Agricole 1,361.5
9 BNP Paribas 1,190.8
10 Citi 1,175.3