TXF in depth

Saint Nazaire: A first financing for French offshore wind
Saint Nazaire: A first financing for French offshore wind
Niamh Curran
5 November 2019

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.

Formosa 2: Turbine-charge or trickle-charge for Taiwan offshore?
Formosa 2: Turbine-charge or trickle-charge for Taiwan offshore?
Oliver Gordon
31 October 2019

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.

DEWA V: The record low solar tariff bid enigma
DEWA V: The record low solar tariff bid enigma
Max Thompson
29 October 2019

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?

TXF Originals

Sunco's Manzanares PV bridging loan in syndication
1 April 2020

Syndication is in progress on a €53 million ($57.9 million) deal to finance Sunco Energy’s 83 MW solar PV portfolio in Manzanares, Real, Sp...

Pricing emerges on Ishinomaki Hibarino biomass project
31 March 2020

Sponsors of the 74.95MW Ishinomaki Hibaniro biomass power project in Japan – Renova - 38%, Tokyo Gas Company - 34%, United Purpose Management - ...

IEnova signs DFI-backed loan for Mexican solar portfolio
30 March 2020

On 26 March IEnova, Sempra Energy’s Mexican subsidiary, signed on a $395 million DFI-backed loan to finance a 376MW solar portfolio in Mexico &n...

Engie raises €2.5bn from bond issue
27 March 2020

Engie has raised €2.5 billion of bond financing for a wide range of renewables projects. The financing comprises a five-year €1 billion seni...

Ibri II solar project financing closes
20 March 2020

An ACWA Power-led consortium - comprising Kuwait's GIC (40%) and Alternative Energy Projects (10%) - closed on a $275 million DFI-backed loan to f...

TXF Data

Commodity Trade Finance Lender H1 2020

Bank USDm No %
1 TD Securities 6504m 1 32.1%
2 ING Bank 772m 7 3.8%
3 UniCredit 681m 5 3.4%
4 JP Morgan 677m 5 3.3%
5 Société Générale 588m 4 2.9%
6 Credit Suisse 488m 4 2.4%
7 Citi 486m 3 2.4%
8 Bank of China 466m 2 2.3%
9 Standard Chartered 450m 2 2.2%
10 Deutsche Bank 436m 3 2.2%

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The Animals
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