TXF Global Commodity Finance: Amsterdam 2019
The 6th edition returns to Amsterdam for the best networking and discussion in town. Harness the power of the flower at TXF Amsterdam and get psychedelic solutions to your financing needs.
Project finance is a non-recourse loan structure used to fund infrastructure projects. Project finance keeps the debt off the project sponsor’s balance sheet – if the project defaults, the lenders take over ownership of the project asset and have no recourse to the original project sponsor. This enables developers to borrow money for major projects without the risk of corporate bankruptcy should the project fail. The structure is widely used in the financing of major projects in the oil and gas, power, renewables, mining, transport (fixed and moveable assets) and public-private-partnership (P3) sectors. In addition to non-recourse debt, project financing can take the form of limited recourse debt, ECA-backed debt, DFI-backed debt, project bonds and even securitisations.
As the shipbuilding industry in Norway transitions, so the government support appears well-placed to back new developments. However, in the case of finance for a krill-fishing vessel just how sustainable is this backing from the agencies?