Infigen warns on results
Infigen Energy has told the market today that poor wind conditions are expected to cut around A$10m (US$7.5m) from its fourth-quarter Ebitda projections of around A$147m (US$111m) guidance provided in April. The current quarter is expected to include two of the lowest production months for Infigen’s current Australian operating assets since they came on line as a portfolio in the 2012 fiscal year. See story below.
Daily News Highlights
Spot market hurts renewables
Low spot market prices are hitting merchant renewable energy projects in Chile. Loans and refinancings are seeing new terms applied. By Nic Stone.
Green sukuk make debut
Malaysia is launching Green sukuk facilities to finance solar park projects. These are the first Green sukuk in the country and in the region. By Minerva Lau.
Causeway and effect
Transport PPPs in the Gulf have failed to make any headway. One project could break the deadlock, given that it is already operational. By Rod Morrison.
Features
Handing over the regional airport keys
The fourteen regional airports project represents the largest privatisation accomplished in Greece to this day, bringing to the Hellenic Republic the highest concession fee revenue ever to be received in its history both on an upfront and ongoing basis. By Ellie Kakoullou and Nikos Nezeritis, structured finance division, Alpha Bank.
What lies beneath Jordanian power
The Hashemite Kingdom of Jordan has been at the forefront of encouraging and developing a robust IPP programme, which has attracted and continues to attract significant private sector investment. To-date there have been four IPPs tendered and more than 14 renewable energy projects that have been project-financed. By Ali Ayub and Aditya Thakur, directors, along with Neeraj Nishad and Mohamed Hamdouch, managers, in ACWA Power’s acquisition and project finance department.
PFI Global Infrastructure Report 2017
Infrastructure spending is a top priority for governments across the world including the new Trump Administration. Investors are looking for deals in which to place their money. Can the infra market provide well structured deal flow to keep the funding markets happy? PFI has published its Global Infrastructure supplement featuring a host of case studies and articles on current trends and issues.
PFI Global Energy Report 2017
The global energy finance market faces a range of new challenges and opportunities. PFI has published its Global Energy supplement featuring a host of case studies and articles on current trends and issues. The offshore wind sector is taking centre stage right now with Japan, South Korea and the US joining Europe in building out new developments.
PFI Comment
Renewable merchants
Financiers have got use to stable returns from renewables assets – well, some assets have been strong and stable while those blowing in the wind have had their ups and downs. But the schemes have been backed by subsidised offtake contracts, until now.
Most Popular
Project Finance MLA 1Q 2017
| # | Arranger | (US$m) | |
|---|---|---|---|
| 1 | ICBC | 2,559.8 | |
| 2 | MUFG | 2,285.4 | |
| 3 | SMBC | 2,110.4 | |
| 4 | CBD | 2,090.2 | |
| 5 | Mizuho | 1,642.9 | |
| 6 | Credit Agricole | 1,600.6 | |
| 7 | ING | 1,501.8 | |
| 8 | BNP Paribas | 1,349.8 | |
| 9 | SBI Capital | 1,299.9 | |
| 10 | Societe Generale | 1,063.7 |
Digital Edition
Access a digital edition of the latest print magazine here. Access the digital edition of the PFI Yearbook 2017 here.
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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.
