Category: Renewables

Securitising sunshine: Environmental Finance talks to S&P about the future of solar asset-backed securities

Following Standard & Poor’s (S&P) key role in helping to bring some of the first solar power asset-backed security (ABS) transactions to the market, Environmental Finance interviewed Trevor D’Olier-Lees, Director US Utilities & Infrastructure at S&P, about the future of the sector. D’Olier-Lees stresses that the development of solar ABS relies heavily on approval from …

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SFS’ Roland Chalons-Browne writes for Environmental Finance on best practices in offshore wind financing

With climate change climbing higher on the political agenda for most countries in Europe, governments are increasingly exploring alternative sources of energy. One key candidate is offshore wind power. But establishing the proper financing necessary for offshore wind projects is no easy feat. As such, Roland Chalons-Browne, CEO at Siemens Financial Services, writes for Environmental …

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S&P talks to Solar Industry about the rating methodology for both traditional and renewable projects

In a recent interview with Solar Industry, Standard & Poor’s Michael Wilkins and Trevor D’Olier-Lees explain the rating methodology behind project finance assessment, and how this is applicable to the renewable energy sector. Wilkins explains that renewable projects, in particular, are “seeing more infrastructure funds and financial sponsors” – bringing a wider variety of investors, …

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Natixis Closes Marcona and Tres Hermanas Financings

Marcona, Peru’s largest wind project, has secured two financing agreements totalling $254 million from Natixis. The French bank acted as sole institution tranche underwriter, sole subordinated loan placement agent and sole hedging provider.Natixis’ Pascal Soldaini, Managing Director, Head of Global Infrastructure & Projects Latin America, said, “Natixis is pleased to have supported its valued client, …

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Energy and the environment: the focus of S&P’s May newsletter

The May issue of Standard & Poor’s monthly newsletter, Infrastructure Outlook, is now out. This month’s edition explores how low oil and gas prices are affecting project finance ratings, concluding that, for now, the dent is minimal, but could become more prominent if prices continue to flat line, or worse, drop further. Elsewhere, global interest in …

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S&P expect the growth of the green bond market to be one of the major features of 2015

In a report published by Standard & Poor’s Ratings Services titled ‘Corporate Bond Market Shows Its Green Shoots’, Michael Wilkins, Managing Director of Infrastructure Finance, discusses the dramatic growth of the green bond market, and how this emerging trend could see corporate green bond issuance reach up to $30 billion by the end of 2015. …

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Siemens Financial Services (SFS) Gemini offshore wind project awarded Wind Deal of the Year 2014 by Environmental Finance magazine

The Gemini offshore wind project – in which Siemens Financial Services (SFS) was an equity provider – has been awarded a Deal of the Year award by Environmental Finance magazine. The record EUR2.8 billion wind deal reached financial close in May last year, setting a new benchmark for project finance volumes in the offshore wind …

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The April edition of Infrastructure Outlook reports that green bond issuance has more than tripled

The April issue of Standard & Poor’s monthly newsletter, Infrastructure Outlook, has been released. This edition’s lead story looks at the growth of the corporate green bond market, and how China could be the real game-changer over the coming years. A second prominent feature examines recent developments in Spanish infrastructure; specifically relating to the transparency …

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