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Friday, 19 April 2019

Solar USA

Cypress Creek gets tax equity and a Starbucks

Cypress Creek Renewables has entered into a partnership with Starbucks and US Bank that backs two solar projects in Texas. The projects provide enough energy for the equivalent of 360 Starbucks stores in the state. Cypress Creek developed, built and now operates the two 10MW solar farms in Wharton and Blossom, Texas. US Bank brought Cypress Creek and Starbucks together to facilitate the transaction and provided a portion of the tax equity investment. Engie Resources is providing the retail energy requirements, including a structure that provides budget certainty via a fixed-price energy supply contract.

Battery in California

Battery storage finds a model

PFI Issue 646 - April 10, 2019

US power storage projects are increasingly bankable. Regulatory changes, increased familiarity with technology and lender appetite are the keys. By Alison Healey.

Brisbane

Cross River financing leads the way

PFI Issue 646 - April 10, 2019

Brisbane’s Cross River tunnel project has been awarded. Its financing template is mirrored across other tunnel PPPs throughout Australia. By John Arbouw

Gas infrastructure in Nigeria

Nigerian gas IPPs return to market

PFI Issue 646 - April 10, 2019

Denham Capital is set to revive the Nigerian IPP market with a new deal. More gas-fired projects are waiting in the wings. By Peter Collins

Features

Mexico’s President Andres Manuel Lopez Obrador gives a speech marking the first 100 days of his presidency at the National Palace in Mexico City, Mexico. REUTERS/Edgard Garrido

LatAm energy’s missing ingredient – Financing

PFI Issue 646 - April 10, 2019

Latin America had been on the verge of becoming the world leader in renewable energy development. After the renewable energy development booms in Europe and the US had begun to taper off, developers turned to Latin America as the next gold rush region rich in development opportunities, particularly in jurisdictions such as Mexico, Chile and Argentina, where government policy-makers had implemented energy reforms to encourage renewable energy projects. By Dino Barajas, partner, Akin Gump Strauss Hauer & Feld LLP.

REUTERS/Hannibal Hanschke - Uzbekistan’s President Shavkat Mirziyoyev attends a news conference at the Chancellery in Berlin, Germany

Uzbekistan is trending at #Oil&Gas

PFI Issue 646 - April 10, 2019

Uzbekistan has a long history and rich culture as a nation actively involved in global commerce and trade. For centuries, the country was at the very heart of the Silk Road connecting East and West. Today, the country once again sits at the crossroads of the One Belt One Road initiative. By Jason Kerr, Kamilla Azamat and Kamran Ahmad, White & Case.

PFI Global Energy Report 2019

PFI Global Energy Report 2019

PFI Global Energy Report 2019

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. 

PFI Yearbook Cover 2019

PFI Yearbook 2019

PFI Yearbook 2019

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.

PFI Comment

Brussels airport

Accounting for taste

There is no accounting for taste. One person’s risk-free long-term financing is another’s capital-heavy drag on the balance sheet and vice versa. Welcome to the new world of institutional and bank project finance.

Project Finance MLAs Q1 2019

# Arranger (US$m)
1 SBI Capital 4,046.4
2 MUFG 2,314.1
3 SMBC 1,965.6
4 Mizuho 1,445.6
5 CDB 1,300.0
6 Natixis 998.5
7 Societe Generale 924.3
8 NAB 892.1
9 DBJ 798.5
10 Bank of China 721.8

Digital Edition

Access a digital edition of the latest print magazine here. Access the digital edition of the PFI Yearbook 2019 here.

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