Renewable energy subsidies are under attack. But investors have what it takes to weather the storm
There is plenty room for improvement in infra financing, funding and procurement that could lead to savings of A$1bn a year, according to a draft report by the Productivity Commission.
Dan Vanden Boom has joined the Melbourne-based fund manager from Morgan Stanley as director of business development in Australia.
The recovery rates for project finance bank loans are similar to those displayed by senior secured corporate debt facilities, says Moody’s.
Trends that bumped global power and utility deal volume up 30.1% in 2013 are expected to continue transaction driving activity this year, according to EY.
.jpg "Mediobanca hires Nowak as part of London push")
Former Scotiabank infrastructure finance executive Mike Nowak has joined the Italian bank as it ramps up its presence in the UK.
Composition of European infrastructure fund investors by institution type
The bank’s investment in Copperbelt Energy is the first within its $2bn commitment to Power Africa, the $16bn public-private partnership launched by the US president last year.
The London-listed renewables fund will use the proceeds to acquire 78MW of wind and solar projects.
Investors from China, the Gulf, Canada and elsewhere have their eyes on the UK in particular – but could be foiled by pipeline and regulatory weaknesses.
Seaborn Networks has chosen Natixis as sole structuring bank, underwriter and lead arranger for the $290m Brazil-US subsea cable project.
The Northern Territory prison was a pipeline asset in the £145m top-up capital pool the London-listed fund raised last December.
.jpg "$126.5bn for transport infra through tax reform")
A tax reform package introduced by US Congressman Dave Camp would make $126.5bn available for the Highway Trust Fund, otherwise expected to run out this August.
Wendel, the Paris-listed firm, is among a host of investors that have backed a capital increase at IHS Holding, a telecom towers business.
The infrastructure arm of OMERS has secured $2.5bn from Japan’s GPIF and DBJ for its Global Strategic Investment Alliance, which has a target of $20bn.