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Shop talk: PLN pulls plug on project debt – for now
Shop talk: PLN pulls plug on project debt – for now
Max Thompson
17 December 2019

Indonesia’s state-owned power utility PLN has yet to close a single power project financing in 2019 amid a year of economic slowdown and elections. However, Teguh Harsono, vice president of funding at PLN says 2020 will be a very different story.

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.

TXF Originals

Global Tech 1 refinancing out to banks
19 May 2020

Global Tech 1 Offshore Wind – the project company whose main shareholders are Stadtwerke Munchen, ENTEGA, Axpo International, Esportes Offshore ...

JBIC considering Walney OFTO
18 May 2020

Diamond Transmission Partners (DTP) is said to be under consideration for ECA support from JBIC for its £446 million Walney OFTO project in the ...

EWEC issues WtE advisory RFPs
18 May 2020

Procuring authority EWEC has issued RFPs to prospective advisers — including Alderbrook, Cranmore, Synergy, Tribe, SMBC, Deloitte, EY, KPMG and ...

B Grimm refinancing Vietnamese solar schemes
12 May 2020

B Grimm is refinancing its Dau Tieng 1 and 2 solar PV projects (combined capacity 420MW) in Vietnam. The schemes are backed by a a 20-year power purch...

MIGA ups Ghoubet wind farm cover
7 May 2020

Sponsors of the $123.5 million 60MW Ghoubet wind farm in Djibouti – Africa Finance Corporation (AFC) 51%, Climate Fund Managers (CFM) 19.5%, FMO...

TXF Data

Commodity Trade Finance Lender H1 2020

Bank USDm No %
1 TD Securities 6504m 1 21.2%
2 ING Bank 1988m 13 6.5%
3 Société Générale 1560m 7 5.1%
4 UniCredit 1486m 8 4.8%
5 Deutsche Bank 1028m 5 3.3%
6 Rabobank 973m 7 3.2%
7 Sumitomo Mitsui Banking Corporation (SMBC) 909m 4 3%
8 Bank of China 846m 3 2.8%
9 BNP Paribas 828m 5 2.7%
10 MUFG Bank 716m 6 2.3%

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