With the sponsors of the Formosa 2 offshore wind project 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.
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TXF speaks to Massimo Falcioni, former CEO of the UAE Federal Company Etihad Credit Insurance (ECI) about his journey with the export credit agency, the challenges of diversifying towards non-oil energy in the region and his plans for the future.
TXF's industry leading Global Export Finance Survey provides the benchmark for sentiment in the industry in 2023. It's already showing some interesting early trends. There is still time for you to make your thoughts heard.
Recent copper and cobalt mine development financings in the DRC by EKN and SEK from Sweden and African development bank TDB are likely to act as encouragement to other financial institutions looking to become more active in the country.