sections

Saturday, 01 October 2016

Brazil

Brazil wind debentures due

Brazil’s Ministry of Mines and Energy has approved three wind projects to sell infrastructure debentures. The projects are worth a combined 90MW and are known as the Ventos do Norte 13, 15 and 18 projects. They are part of the Delta 3 wind complex being developed by Brazilian company Omega Energia Renovável. The green light to sell debentures will require about US$57m each to develop and will now be able to fast track their development via the sale of the bonds.

USA

New markets for US energy

PFI Issue 585 - September 21, 2016

Prospects for US greenfield power plant construction have dimmed. Banks now have their eyes on power M&A and midstream oil and gas. By Alison Healey.

Melbourne

Melbourne – A global hub

PFI Issue 585 - September 21, 2016

Melbourne, for a week at least, has become the centre of global infrastructure finance. Bank groups have formed on the mega port and train deals. By John Arbouw.

France

French roads rethink traffic approach

PFI Issue 585 - September 21, 2016

The A41 toll road has been refinanced despite a slow ramp-up in traffic. New French motorways are looking at new ways to tackle traffic risk. By Stefano Berra.

Features

Energy storage

The new frontier – PF for energy storage

PFI Issue 585 - September 21, 2016

In some ways, energy storage resources are currently where renewable energy resources were a decade ago. The last decade has seen the explosive growth of wind and solar renewable energy resources. Energy storage resources also appear poised for heightened growth over the next decade. By Neeraj Arora, of counsel, Morgan Lewis & Bockius.

Spain

ECT and renewables – An early scorecard

PFI Issue 585 - September 21, 2016

The first decision in arbitration proceedings brought against Spain’s renewable regime changes sheds some light on the Energy Charter Treaty’s application in the European Union. By Mónica Feria-Tinta and Gordon Nardell QC, 20 Essex Street Chambers.

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 EMEA 2016 Cover image

PFI EMEA Report 2016

PFI EMEA Report 2016

The 2016 Project Finance International Europe, Middle East & Africa (EMEA) Report provides a range of case studies from the region plus a look at key themes in the market such as the evolving structure of power purchase agreements and new credit enhancement products.

PFI Comment

Transmission

Transmission on the line

Power transmission is obviously as important as power generation, both need each other. But while power project developers push on with more and more new independent schemes, regulated transmission often lags behind. 

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.

PFI India Report Cover 2016

PFI India Report 2016

PFI India Report 2016

The government of Narendra Modi has taken steps to revive economic activities, especially in the energy sector where green is the word, and infrastructure sector where hybrid may be the new lingo.