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Sweden Africa Chamber: ECAs to step up in Africa amid pandemic
Sweden Africa Chamber: ECAs to step up in Africa amid pandemic
Niamh Curran
4 May 2020

Angelica Adamski, director at the Sweden Africa Chamber and a member of the board at Svenska Aerogel, says collaboration amongst Swedish exporters is key to promoting sustainability when doing business in Africa, and the role ECAs will play on the continent will only grow during the Covid-19 crisis.

Cote d’Ivoire CCGTs: Still a tale of pure DFI debt – for now
Cote d’Ivoire CCGTs: Still a tale of pure DFI debt – for now
Niamh Curran
23 March 2020

The purely DFI-backed 462MW Azito gas-fired power plant expansion in Cote d’Ivoire and its successor – the 390MW Atinkou CCGT plant - proves DFI financing firepower is still the only weapon in project sponsors’ financial arsenal to get such large-scale IPPs across the line. But when will ECAs and banks join the funding mix?

Sullivan: Learning from documentation in trade
Sullivan: Learning from documentation in trade
Niamh Curran
5 March 2020

In the latest edition of Sullivan's trade finance breakfast briefing, partners Geoffrey Wynne and Alexandra Shipulina outline the issues in documenting trade finance transactions amid a growing regulatory landscape across the trade and commodity finance world in 2020.

CFXD: A lesson in going local
CFXD: A lesson in going local
Niamh Curran
3 March 2020

The 589MW CFXD offshore wind project in Taiwan has marked the highest local content percentage for any such project in Asia Pacific. But signing up two Taiwanese insurance companies as both lenders and sponsors added new levels of complexity for project sponsor Copenhagen Infrastructure Partners.

Sullivan trade finance seminar - challenges to trade and commodity finance 2020
Sullivan trade finance seminar - challenges to trade and commodity finance 2020
Niamh Curran
21 February 2020

Sam Fowler-Holmes, senior associate at Sullivan presents the challenges across the trade and commodity finance space, with potential headwinds in 2020 including sanctions, new regulations, Libor/Sofor, fintechs and of course - Brexit.

Is Poland’s offshore wind market project finance-friendly?
Is Poland’s offshore wind market project finance-friendly?
Niamh Curran
14 February 2020

The Polish offshore wind market is gathering pace. Although questions around local content requirements, local liquidity and local currency-denominated PPAs need to be answered before this nascent market can be considered project finance-friendly.

Amur GPP: Better than the black stuff
Amur GPP: Better than the black stuff
Niamh Curran
7 February 2020

The heavily ECA-backed financing for Gazprom's Amur gas processing project has set new tenor and volume benchmarks for both the sponsor and Russian oil and gas – even allowing for some hefty politically driven Chinese and Russian bank participation. But it is still a fossil fuels deal, primarily aimed at Chinese offtake. So should EU domiciled ECAs be backing it?

Irish wind: A fledgling project finance sector set for take-off?
Irish wind: A fledgling project finance sector set for take-off?
Niamh Curran
29 January 2020

With the global cost of offshore wind dropping and new projects developing seemingly every day, the windy coast of Ireland is left with only one offshore wind farm. 10 years ago the potential in Irish offshore was seen, but these promising projects hit a wall. What is happening and how is it changing?

Shoptalk: Marsh on mergers, markets and 2020
Shoptalk: Marsh on mergers, markets and 2020
Niamh Curran
2 January 2020

TXF spoke with Marcus Miller, leader of Marsh's global lenders solution group to discuss the broker's recent merger with JLT, as well as the health of the credit and political risk insurance (CPRI) market.

Shop Talk: US Exim on the road to full reauthorisation
Shop Talk: US Exim on the road to full reauthorisation
Niamh Curran
12 December 2019

At TXF's PRI conference in London last week, TXF spoke to Stephen Renna, chief banking officer of US Exim to find out if christmas is coming early for the US ECA, as Exim's reauthorisation bill awaits approval from the senate. Renna is positive about the agency's future - although reauthorisation is far from concrete given the volatile climate of US politics.

Credendo steps up carbon footprint reduction
Credendo steps up carbon footprint reduction
Niamh Curran
25 November 2019

Credendo is upping its carbon reduction efforts - both in its ECA offerings and its everyday operations. The ambition is zero carbon according to Credendo CEO Dirk Terweduwe. The reality is more likely to be carbon neutral. TXF talks going green with Credendo Deputy CEO Nabil Jijakli.

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.

Floating solar: Testing Vietnam’s water for bankability
Floating solar: Testing Vietnam’s water for bankability
Niamh Curran
23 October 2019

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.

FEX meets Euler Hermes legal
FEX meets Euler Hermes legal
Niamh Curran
17 October 2019

Last month in the third event in the series of 'FEX meets', the German chapter of the Future of Export Finance (FEX) sat down with Euler Hermes' legal and compliance team to discuss innovations in the German ECA's cover policy and product developments.

West Bakr: Borrowed template with better pricing
West Bakr: Borrowed template with better pricing
Niamh Curran
2 October 2019

Lekela Power’s DFI-backed financing for its 250MW West Bakr wind project borrows heavily from the Gulf of Suez wind template in 2017. While there have been improvements in speed of delivery and cost of debt, does angst about Egyptian political risk run too deep for these financings to ever get done with minimal DFI or ECA support?

Sullivan: How to structure trade deals without taking security
Sullivan: How to structure trade deals without taking security
Niamh Curran
2 October 2019

In the latest edition of Sullivan's trade finance breakfast seminar, partner Geoffrey Wynne discusses how the provision of security for financiers may not be what it seems.

Sullivan: How to structure trade deals without taking security
Sullivan: How to structure trade deals without taking security
Niamh Curran
2 October 2019

In the latest edition of Sullivan's trade finance breakfast seminar, partner Geoffrey Wynne discusses how the provision of security for financiers may not be what it seems.

Soma 4: Turkey debuts gender-tied project loan
Soma 4: Turkey debuts gender-tied project loan
Niamh Curran
23 September 2019

Polat Energy has signed a gender-linked facility to finance the 48MW Soma 4 wind farm in Turkey. The project, an extension to the existing 240MW Soma wind farm, marks the largest wind farm financing in the country, with the interest rate tied to a 30 point gender equality criteria.