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10 February 2017

SNIB or snub?: The viability of a new Scottish development bank

Scotland’s unique PPP procurement method found favour with the private sector, but not with Eurostat. With an audit of the scheme looming, Scotland is searching for new...

03 February 2017

Chrysaor buying spree bodes well for reserves-based lenders

Even with low oil prices, North Sea reserves are still changing hands. But sellers and buyers are having to get creative to get banks comfortable and make deals happen.

31 January 2017
in
Power

Fadhili CHP: Cheap debt but not what Aramco is used to

With a smaller-than-expected commercial bank tranche, the $1.05 billion partially ECA-backed debt package for the Fadhili CHP project demonstrates some of the collateral...

30 January 2017

ECAs and offshore wind: From backstop to bonus

With costs down and technology improving, some argue ECA support for European offshore wind is actually distorting debt pricing in a market that could be commercially...

27 January 2017

Some of those annoying technical issues in trade finance

Associates of Sullivan & Worcester LLP warn about the underlying complexity of drawing up an insurance policy and the importance of securing lenders’ interests.

26 January 2017

New tap: Japan outbound looks beyond JBIC for liquidity

Japanese life companies and smaller banks could become a key element in Japan’s effort to maintain its presence in overseas markets.

18 January 2017
in
Metals and Mining

Undermining: Funds making inroads into mid-level mining project debt market

Is the fund-backed debt package for Continental’s Buriticá gold mine project symptomatic of a growing alternative to traditional project lenders in the mid-level mining...

23 December 2016

The year in project finance: Business as usual, despite the headwinds

The end of the year really shouldn't have the significance it does. In the US, the calendar year coincides with the tax year, meaning that there are some powerful...

16 December 2016

Time for a final gasp for US power’s zombie gencos?

Some US merchant power plants have lurched from one crisis to another since they were built and financed a decade and a half ago. Despite the twin threat of low gas...

12 December 2016

ELZ Finance: The EBRD and MIGA target bond guarantees

Credit enhancement on the Elazig hospital PPP financing shows how bonds could help emerging markets projects take off.

07 December 2016

Does Jordan still need oil shale power, and does oil shale need international lenders?

Estonian and Chinese technology – and Chinese financing – will be crucial to a financing in a niche fossil fuel sector.

05 December 2016

OCI’s Iowa Fertilizer restructuring buys a little time – and opens door to a sale

Dutch-listed fertiliser producer OCI has completed a tender for $147 million of the bonds issued by its Iowa Fertilizer project. The tender, for a series of bonds that...

21 November 2016

ACWA’s Noor: Green bonds, DFIs and concentrating solar

The COP22 United Nations Climate Change conference in Marrakech last week saw Saudi Arabian developer ACWA sign agreements for three photovoltaic power projects in...

11 November 2016

Vista Ridge Pipeline: From a restructuring to a US water PPP first

The bank financing for a Texas water pipeline recovers from the loss of its original developer. By Tom Nelthorpe.

08 November 2016

The IFC Forests Bond: Growing a market from a small seed

A first-of-its-kind issue tests out several environmental finance concepts, but more development will be required before bonds become useful to the forestry sector.

04 November 2016

CEC Africa: Sierra Leone’s first IPP leans on World Bank support package

A Lebanese developer, the UK’s CDC and the World Bank put together a frontier market independent power project template.

03 November 2016
in
Agri/Soft Commodities

Food for thought: Can agricultural traders feed the world?

When the famous Scottish novelist Robert Louis Stevenson opined, “Don't judge each day by the harvest you reap but by the seeds that you plant,” he encapsulated the need...

02 November 2016

I Squared lines up Deutsche for Duke Energy Latin America acquisition

US-based infrastructure fund scoops up assets from departing US utility.

28 October 2016
in
Metals and Mining

Sirius Minerals: Hancock’s potash streaming play

Hancock Prospecting made its reputation in iron ore – and closing a huge ECA-backed project financing. Can it help get a British potash project off the ground?

24 October 2016

Ausgrid: NSW’s transmission privatisation and infrastructure nationalism

Australia’s New South Wales pronounces itself happy with an all-local bid for its prize electricity transmission asset.