Sunday, 22 January 2017


Ethiopian solar bidders emerge

Eighteen bidders have prequalified in Ethiopia for the Mekele and Humera 100MW solar PV projects being developed in the northern Tigre region. Among the 18 are Enel Green Power, Sky Power, Biotherm, Acciona, Mitsubishi, Italy’s Energy Resources and TBEA Xinjiang Sunoasis Co. See story below.


JFK and the vision thing

PFI Issue 592 - January 11, 2017

A large and complex P3 vision has been revealed for JFK Airport. This follows the success of last year’s LaGuardia redevelopment. By Alison Healey.


Asset M&A comes to Asia

PFI Issue 592 - January 11, 2017

The debt-backed M&A infra asset purchase model has come to Asia. Two debt-backed deals were finalised in the last days of 2016. By Minerva Lau.


Giant loan funds RTE spin-off

PFI Issue 592 - January 11, 2017

One of the Europe’s largest power grids has opened up its capital. A bridge loan financing is due to be taken out in the debt capital markets. By Stefano Berra.



Corporate PPAs come to Asia

PFI Issue 592 - January 11, 2017

The corporate consumer market for energy is clearly moving away from the traditional purchaser-retailer model. This is very evident in developed countries such as the US and parts of Europe, as well as developed countries in Asia such as Singapore. By Luke Devine, Kim Hock Ang and Paul Curnow, Baker & McKenzie. 

Tranchee Ouverte on the A41

Refinancing traffic risk infrastructure

PFI Issue 592 - January 11, 2017

The refinancing of the A41 North motorway tapped both the bank and institutional investor markets and optimised the toll road’s financial structure. By Laurent Bouchilloux, MD, co-head of infrastructure finance, Paris and Véronique Thomas, MD, global head of structured financing hedging, at Societe Generale.

PFI Yearbook 2017 Cover image

PFI Yearbook 2017

PFI Yearbook 2017

Welcome to the 2017 Thomson Reuters Project Finance International (PFI) Yearbook. The Yearbook is our annual publication in which we look at the events of 2016, through case studies and the PFI Awards, and look forward into 2017 with interviews and articles in the Global section of the book.

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 Asia Best Practice Report 2016

PFI Asia Best Practice Report 2016

PFI Asian Best Practice Report

It is with great pleasure that I introduce the third Project Finance International (PFI) Best Practice in Asian Infrastructure Report.

2016 PFI Awards


The 2016 PFI Award winners have been announced and you can now:

  • Download the Roll of Honour – a PDF containing the full list of this year’s winners.
  • Read the Yearbook – a detailed write-up of each Award winner
  • Book your table at the 2016 PFI Awards Dinner
  • The 2016 PFI Awards Dinner takes place on the evening of Wednesday February 1 2017 at the Hilton, Park Lane, London. Considered to be the most prestigious event in the global project finance calendar, it will see over 800 of the world’s most senior and successful market professionals gather to celebrate industry excellence.

    For more information, visit the PFI Awards website.

PFI Comment


Liquidity versus structure

The Basel regulators have been working on neat plans for categorising credits and credit weightings. But while they struggle with that, in the real world credit pricing has taken some odd turns recently. In the battle of liquidity versus structure, liquidity usually wins through.

PFI League Tables 2016

The Thomson Reuters Project Finance International 2016 league table returns are due to be submitted on December 31st. The tables are for mandated lead arrangers for loans, lead managers for bonds and for financial advisory services on project finance deals. Click here to obtain a form and details of the league table process.

Project Finance MLA Q3 2016

# Arranger (US$m)
1 CDB 11,883.6
2 MUFG 10,183.8
3 SMBC 8,921.7
4 Mizuho 5,408.4
5 Credit Agricole 4,893.5
6 Societe Generale 4,213.5
7 BNP Paribas 3,690.4
8 SBI Capital 3,599.3
9 ING 3,222.9
10 Santander 2,946.7

Digital Edition

Access a digital edition of the latest print magazine here. Access the digital edition of the PFI Yearbook 2016 here.

To read the PFI Magazine or Yearbook Digital Edition you will need to enter your details in the login section. If you have forgotten your password, or would like to find out more about PFI subscriptions, please email

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.