France’s first offshore wind farm project financing – the 480MW Saint Nazaire scheme – had an extended deal gestation of over seven years after facing several legal and environmental challenges. But despite its troubled path to financial close, the deal priced at a margin and tenor on a par with more mature European offshore wind markets.

With the sponsors of the Formosa 2 offshore wind project having having reached financial close on a heavily ECA-backed project financing, confidence in the bankability of Taiwan's developing offshore wind market should be back on the up. But there are still reservations about availability of local liquidity for future deals and whether the predicted deal pipeline will deliver given the potential re-licensing of nuclear.

Dubai Electricity and Water Authority (DEWA) pulled in record low tariff offers this month for its latest 900MW solar PV scheme – DEWA V. But there was no promise from DEWA of a sovereign guarantee backing the project in the tender document. So how did bids go so low?

ECA excellence and large-scale multisourced project finance were the talk of the town at TXF MENA 2019 this month. TXF’s MD Hesham Zakai outlines the most dominant opportunities and headwinds facing the region.

The DFI-backed Da Mi floating solar power project loan has proved the economic viability of such schemes in Vietnam. But the government has its part to play if a hefty renewable deal pipeline is to reach financing – even with DFI support.