sections

Wednesday, 18 October 2017

Fed renewables plan creates confusion

PFI Issue 611 - October 18, 2017

The Australian federal government has ditched the Clean Energy Target (CET) and intends to replace it with a National Energy Guarantee (NEG), which requires retailers to use a percentage of electricity from so-called dispatchable sources such as coal and gas, batteries or pumped hydro.

Auckland Airport issues retail bonds

PFI Issue 611 - October 18, 2017

Auckland International Airport is offering up to NZ$75m (US$53m) of fixed-rate bonds maturing in April 2023 to New Zealand retail investors and institutional investors.

NAIF makes first loan

PFI Issue 611 - October 18, 2017

The Northern Australia Infrastructure Facility (NAIF) has agreed to issue a A$16.8m (US$13m), 10-year concessional loan to Onslow Marine Support Base Pty Ltd.

WestConnex gets some problems

PFI Issue 611 - October 18, 2017

The bidders for the 51% stake in the New South Wales government’s WestConnex SPV, Sydney Motorway Corp, are firming up their advisers.

Inland Rail ready to take off

PFI Issue 611 - October 18, 2017

The A$10bn (US$7.9bn) Inland Rail freight project that will connect Melbourne and Brisbane is ready to take off, with the sponsor, Australian Rail Track Corp (ARTC), expected to call for EOIs any day. Registrations of interest closed last month.

Adani presses on

PFI Issue 611 - October 18, 2017

Adani’s efforts to fund and build a coal mine and railway in Queensland have become a corporate mystery story complete with a yet to be revealed ending.

Victoria ups the pace on renewables

PFI Issue 611 - October 18, 2017

The Victorian government aims to have at least 25% of its energy needs come from renewables within three years and 40% by 2025. The policy has sparked a surge in new investments, with both local and offshore companies and lenders looking for deals.

Roy Hill to fulfil lender completion test

PFI Issue 611 - October 18, 2017

The US$7bn Roy Hill iron ore project in West Australia is expected to reach the export of 55mtpa of iron ore by December and meet the project completion conditions imposed by the lenders.

Woodside seeks loan extension

PFI Issue 611 - October 18, 2017

Woodside Petroleum is seeking a US$800m two-year extension of a US$1.2bn loan signed in July 2015. The loan is structured as a revolving credit and split equally into three-year and five-year tranches.

Defence Dept calls for renewables tender

PFI Issue 611 - October 18, 2017

The Department of Defence has made its first major push into solar energy, calling for tenders for a solar power system to be installed at its Satellite Communications Station (ADSCS) at Kojarena, near Geraldton, in Western Australia.

EEW secures solar projects funding

PFI Issue 611 - October 18, 2017

UK-based Eco Energy World (EEW) has received a A$10m (US$7.76m) project finance facility from Investec for its Chinchilla and Yarranlea solar farms in Queensland.

Carnegie Clean Energy secures debt funding

PFI Issue 611 - October 18, 2017

Renewables developer Carnegie Clean Energy, which is building a battery-ready 10MW solar farm in Northam, Western Australia, has secured a 12-month, A$7.5m (US$5.8m) debt package from Asymmetric Credit Partners.

Massive pumped hydro project planned for NSW

PFI Issue 611 - October 18, 2017

Oven Mountain Pumped Storage is planning to build a A$1bn (US$790m), 600MW pumped hydro project on private land in northern New South Wales.

Loy Yang B decision gets political

PFI Issue 611 - October 18, 2017

Market talk is suggesting that Deutsche Bank-advised China Resources is the front-runner in the bidding for the Loy Yang B coal-fired power station in Victoria.

Foresight targets renewables

PFI Issue 611 - October 18, 2017

Foresight Group, a leading UK independent infrastructure and private equity manager, has entered into binding contracts to acquire interests in three solar farms in Queensland from Canadian Solar.

Smart meter sales heat up

PFI Issue 611 - October 18, 2017

Origin Energy has hired Bank of America Merrill Lynch to handle the sale of its smart meter company Acumen, which has about 130,000 meters installed.