PFI Yearbook 2022

Welcome to the 2022 Refinitiv Project Finance International (PFI) Yearbook. The yearbook is our annual publication in which we look at the events of 2021, through case studies and the PFI Awards, and look forward into 2022 with interviews and articles in the Global section of the book.

Read a digital version of this yearbook

To purchase printed copies or a PDF of this report, please email

Download and read the PFI Roll of Honour 2021 PDF


Global Awards

Bank of the Year – SMBC

Solar growth faces headwinds
Wind – Weathering the storm
Competitive H2 production
CCS – Understanding the basics
The rising tide of LNG infra
Offshore wind debt 15 years on
Infrastructure and the 3Ds
Sempra’s new groove
Meridiam at the forefront
Right place, right time
Crayhill accelerates the developers
Enlight eyes merchant renewables


Americas Awards

Bank of the Year – MUFG

Vineyard starts the offshore decade
US energy storage breakout year
Flood diversion unites P3 and ESG
US infra – States in play
First hydrogen to power project


North East Link – Key insights
Financing Australia's plastic recycling
Lotus blossoms in the wind
Pulau Indah – Klang Valley power
Adani goes international


Europe Awards

Bank of the Year – Societe Generale

Middle East & Africa Awards
Masdar doubles up and down
Jubail 3B IWP goes alone
Warsan WtE sets a milestone
Kalyon finances first YEKA deal
Orange Polska chases convergence

Back Section

Let's get back in

We climbed out of Covid in 2021 and then we climbed back in. At the time of writing the chief medical officer in England is suggesting we will be out of it by mid 2023 when a new all encompassing vaccine is produced. The logic being presumably Covid can be defeated just as the common cold and the flu have, of course, been defeated. Very very laudable or a definition of madness. Impact on project finance? Let's get back in.