TXF in depth

Danske Commodities: Green is the new grey
Danske Commodities: Green is the new grey
Aife Howse
19 February 2021

TXF spoke with Tor Mosegaard, head of European power trading at Danske Commodities, to discuss the Danish energy trading house’s role in accelerating the energy transition, having last year signed a 15-year PPA to offtake electricity from the world's largest offshore wind farm - Dogger Bank A and B in the UK.

The energy transition: It’s not easy being green
The energy transition: It’s not easy being green
Jonathan Bell
17 February 2021

Increasing pressure is being put on lenders to drop hydrocarbon projects, but this is much easier said than done and a proper transition period allows for all parties to develop sustainable alternatives. Jonathan Bell assesses some of the issues.

Smile Telecoms: Lenders grimace as debt restructuring begins
Smile Telecoms: Lenders grimace as debt restructuring begins
Max Thompson
11 February 2021

Smile Telecoms is looking to restructure its DFI/ECA-backed debt package from 2015. But the pan-Afircan telecoms group, which is no stranger to ECA debt, was struggling to service its payment obligations long before the pandemic hit.

TXF Originals

More details on Satria-1 project financing
2 March 2021

More details have emerged on the recent debt financing backing Satelit Nusantara Tiga’s (SNT) Satria-1 satellite project in Indonesia.SNT is spo...

Courseulles-sur-Mer reaches financial close
2 March 2021

EDF Renewables, Enbridge, and wpd have reached financial close on a €2 billion financing for the 450MW Courseulles-sur-Mer (CSM) offshore wind fa...

Manah I & II solar bid deadline extended
2 March 2021

Oman Power & Water Procurement (OPWP) has extended the bidding date for the Manah I and II solar projects for a second time – pushing the de...

Higham joins OCBC project team
2 March 2021

London-based Mark Higham has joined OCBC Bank as a project finance and renewables originator. Higham previously worked at KfW-IPEX, where he was a sen...

Indonesia seals satellite PPP financing
1 March 2021

Indonesia's first multi-function satellite PPP Satria Satellite reached financial close on a $431 million ECA-backed project financing to fund the...

TXF Data

Export & Agency Finance Lender 2020

Bank USDm No %
1 Sumitomo Mitsui Banking Corporation (SMBC) 4742m 30 6.4%
2 Société Générale 4196m 27 5.7%
3 BNP Paribas 4167m 25 5.7%
4 Mizuho 3803m 20 5.2%
5 Santander 3219m 29 4.4%
6 MUFG Bank 3183m 25 4.3%
7 KfW IPEX-Bank 3037m 17 4.1%
8 Industrial and Commercial Bank of China (ICBC) 3019m 10 4.1%
9 JP Morgan 2857m 16 3.9%
10 Standard Chartered 2558m 21 3.5%

Commodity Trade Finance Lender 2020

Bank USDm No %
1 ING Bank 5882m 65 6.1%
2 Société Générale 5516m 52 5.7%
3 JP Morgan 5019m 14 5.2%
4 BNP Paribas 4871m 41 5%
5 Sumitomo Mitsui Banking Corporation (SMBC) 4152m 27 4.3%
6 MUFG Bank 4003m 34 4.1%
7 Crédit Agricole CIB 3703m 32 3.8%
8 Natixis 3456m 42 3.6%
9 Mizuho 3205m 25 3.3%
10 UniCredit 3008m 27 3.1%

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