Sunday, 24 June 2018
Orsted and the Yushan/Northland Power joint venture has won the remaining 1664MW offshore wind allocation in the Taiwan. The government has already awarded 3836MW. Orsted won 337.1MW at NT$2.548/kWh on its Southwest Greater Changhua project and 582.9MW at NT$2.5481/kWh on its Northwest Greater Chaghua scheme. See story below.
Banks have been appointed to fund two of Spain’s largest unsubsidised PV plants. The projects have different PPA structures, in a sign of a developing power offtake market. By Stefano Berra
The second wave of LNG project construction is getting under way in Australia and PNG with an estimated capital cost of more than US$10bn. This time around it isn’t massive new projects and financing that are at stake but rather the ability to fund and build incremental expansion at existing projects and provide the flexibility of supply and price demanded by new buyers. By John Arbouw
The first significant pipeline of offshore wind farms outside Northern Europe is to be developed in Taiwan. By James Harris, partner, Singapore and Marianne Chao, Of Counsel, Taipei, Jones Day
Welcome to the 2018 Thomson Reuters Project Finance International (PFI) Yearbook. The Yearbook is our annual publication in which we look at the events of 2017, through case studies and the PFI Awards, and look forward into 2018 with interviews and articles in the Global section of the book.
Developments in the LNG market and the spread of increasingly cheap renewable technology are dominating the global energy market. PFI’s Global Energy Report 2018 examines the driving forces behind these and other trends through case studies of landmark deals and articles on important market shifts. The report looks at new technology such as energy storage and new funding options for renewables.
The development of the corporate power purchase agreement (PPA) market is becoming the main story of the renewables market this year, following the race to the EPC bottom last year. The complexity of each negotiation could get in the way of market development, however.
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