PFI Yearbook 2023

Welcome to the 2023 Project Finance International (PFI) Yearbook. The yearbook is our annual publication in which we look at the events of 2022, through case studies and the PFI Awards, and look forward into 2023 with interviews and articles in the Global section of the book.

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Download and read the PFI Roll of Honour 2022 PDF


Global Awards

Bank of the Year – MUFG MUFG had a stellar year in project finance across the globe in all areas of the market’s activity. It currently tops the loan league tables and is third in the bond tables. It has closed a remarkable 187 deals thus far this year via 300 project finance professionals across...

Challenges financing green hydrogen
Financing Egypt’s US$83bn green H2 plan
MPIs needed to boost offshore wind
Project-financing lithium processing facilities
Financing optionality for renewables projects
Wanted – LNG as part of the transition
Infra resilient amid rising inflation
Recession-resistant infra heading into 2023
Iberia moves to merchant financing
Lhyfe – Renewable unicorn
Foresight rooted in a changing world
Yellow Door scales and expands PV C&I


Americas Awards

Bank of Year – BNP Paribas BNP Paribas was the outstanding bank in the Americas this year, leading new and innovative transactions in emerging sectors as well as maintaining a strong business in more traditional project finance spaces. The bank’s breadth of production, from underwriting through...

Athabasca exemplifies Indigenous partnership
Renewables takeover hits PF sweet spot
Keeping promises, delivering alpha
IRA – Changing the tax equity game
Permit reform needed for IRA success


Asia-Pacific Awards

Bank of the Year – Westpac Westpac had a particularly stellar presence in major greenfield project financings in both Australia and New Zealand, in a stand-out year for the region. The Australasian region in the first nine months of 2022 was placed third after North America and Western Europe, and...

Financing first round-the-clock in India
Taiwan solar – Thunderball 1.0 and 2.0
ACT gets a capital battery financing
Hin Kong IPP – Liberalising Thai gas
Bhola 2 IPP – A Bangladesh milestone


Europe Awards

Bank of the Year – Societe Generale Societe Generale combined advisory and underwriting this year to maintain its position as one of the leading project banks. Its advisory effort was led by two power interconnectors deals – a coming sector that SG got into early – for Greenlink and NeuConnect. This...

MEA Awards
NeuConnect – Interconnectors go large
SDFAST – Accelerating French fibre rollout
Project Lightning strikes financial close
Shuaibah 3 IWP replaces Shuaibah IWPP
Zarafshan – Uzbek PPPs power On
SA deregulates power to go captive