Friday, 24 May 2019
Microsoft has signed a power purchase agreement (PPA) for 90MW of capacity of the 730MW Borssele III/IV offshore wind farm in the Netherlands. Eneco, one of the project sponsors and in charge of marketing half of the wind farm’s electricity, will supply Microsoft’s data centres for 15 years from 2022. Eneco is also supplying Stedin, DSM and Royal Schiphol Group with power from the Borssele wind farm. The deal is Microsoft’s 14th PPA globally and its second in the Netherlands.
The act enabling the development of the Japanese offshore wind sector has been passed. By Joseph Kim, partner, Michael Lynch, senior associate, and Chiyokazu Shindo, senior associate, Hogan Lovells, Tokyo.
The opposition Labour Party in the UK has put forward plans to nationalise the power and water utility sector if elected at the next general election, putting existing debt and equity investors on notice of a potential change in ownership. Dan Neidle, partner, Clifford Chance LLP, considers potential remedies.
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.
The impact of the populist era in politics on the infrastructure sector has been limited, up until now. But populist policies are starting to feed through to the mainstream, adding a few notches to the political risk matrix.
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