Matthieu Favas
The country’s constitutional court has voted against the borrowing plan, which was largely focused on funding high-speed rail projects.
Renewable energy subsidies are under attack. But investors have what it takes to weather the storm
The recovery rates for project finance bank loans are similar to those displayed by senior secured corporate debt facilities, says Moody’s.
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.
The Northern Territory prison was a pipeline asset in the £145m top-up capital pool the London-listed fund raised last December.
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.
A senior advisor at energy consultancy Finadvice thinks the push will be partly driven by power utilities, which are now ‘struggling for survival.’
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John McCarthy, head of infrastructure at the Gulf-based sovereign wealth fund, also sees emerging markets and greenfield as potential avenues for expansion.
.jpg "Rising competition drives LP adaptation")
The relative glut of capital in infrastructure markets is prompting global investors to look for differentiation, leading them to invest in new geographies and capabilities.