Thursday, 17 October 2019
Canada’s Innergex Renewable Energy has signed a partnership agreement with French group Vent d’Est to co-develop wind farms in France. The two companies will target opportunities primarily in the country’s east. Innergex will contribute to the project development and acquire a 50% stake once the wind farms have reached certain milestones, with the family-owned Vent d’Est taking the lead on evaluation, negotiation, instruction and monitoring of the projects.
Oil and gas contractor McDermott’s continuing financial struggles have the potential to impact project-financed assets globally. The market is waiting on news of a turnaround plan or restructuring. By Alison Healey.
As the offshore wind market is beginning to take off in Asia and potentially the US, including markets with particularly deep water opportunities, we look at some of the issues around floating offshore wind projects. By Nick Carlin, partner UK, and James Harris, partner Singapore, Pinsent Masons.
The first PPP project in Palau achieved first draw-down in August 2019 and could be a model PPP for the country. In this article, Japan International Cooperation Agency (JICA), as sole lender, and Nagashima Ohno & Tsunematsu (NO&T), as lender’s legal adviser, provide an overview of the financing of the renovation, expansion and management of Palau International Airport project and describe some of its notable features. By Yuichiro Sano, Eiichi Murashima and Toshiaki Ano of JICA, and Shinichi Matsui, Rintaro Hirano and Naoko Kamimura of NO&T.
The global infrastructure market in 2019 has seen a range of deals financed and plenty of new plans hatched. The problems in the contracting sector remain, however. PFI’s Global Infrastructure Report 2019 case studies leading deals such as Gordie Howe, Florida Rail, Paraguay’s Corredor Bioceanico, Shuqaiq IWP, Tours-Bordeaux and Belgrade Airport. Themes such as China’s Belt & Road and Thailand’s Eastern Economic Corridor are examined and the problems with US and Australian construction projects are revealed.
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.
Refinitiv Project Finance International (PFI) is pleased to launch its survey of law firms in the project and infrastructure finance sector for the seventeenth year running.
The PFI Legal Survey will be published in November. To take part, please complete the survey form contained in this pdf.
There were two stand-out deals in the dollar debt capital markets over the past week – a 60-year financing in Chile and a 20-year deal in India. Both are green deals, of course. Nevertheless for emerging markets these tenors are quite a feat. Expect imitations.
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