Proximo Infra

🐦 Don't let this opportunity fly away! Only 2 days left to save £1,000 on #ProximoAsia24. Join us in Singapore for Asia's premier deal-origination event! 📅 2-3 October 📍 MARINA BAY SANDS, SINGAPORE 🔗 Book your spot here: https://lnkd.in/d_yeNSs7 With strong local representation and senior participants, this event is a bustling hub of conversation and networking you can't afford to miss. We’re also bringing back our popular intimate and interactive sessions, focusing on specific countries, sectors, and tools to help expand your business. 🔗 Learn more about the event here: https://lnkd.in/dATGB--m #Networking #BusinessGrowth #DealOrigination #Singapore #Events

Greek banks are increasingly liquid. But opinions are divided as to whether lenders or borrowers need to work harder to improve access to debt in the harder-to-reach corners of the economy. In the latest feature, our editor Tom Nelthorpe discusses the current state of the Greek banking and finance sector, highlighting the sector's recovery from the Eurozone debt crisis and the COVID-19 pandemic. The discussion at the #ProximoGlobal24 event in Athens showcased both optimism and challenges, such as the need for more accessible financing for SMEs and continued reliance on European and development financial institutions to support more complex projects. The importance of sustainable and export financing was also emphasized. Read the full feature here: https://lnkd.in/dCDbJ2Ps #Proximo #GreekBanking #FinanceSector #ExportFinance #ProjectFinance

With 1400-plus in attendance at Exile Group’s recent Global 2024: Export, Project & Development Finance event in Athens, traditional and financial project sponsors, and their different financing strategies, featured heavily. Proximo caught up with David Flory, head of Project Finance at Sonnedix, to discuss the solar developers' Ponte warehouse and construction financing and its future global deal pipeline. Read the full interview here: https://lnkd.in/deU4w-ev #Proximo #ProximoGlobal24 #ExportFinance #ProjectFinance #DevelopmentFinance #solarenergy

Spain leads European renewables financings in 2024 Spain has emerged as the leading European market for renewables financings in the first half of 2024, with over 20 deals and significant debt raised, according to Proximo’s data. Solar deals form the bulk of the renewables financings closed so far this year in Spain, as might be expected given the maturity of the Spanish solar sector and Spain’s excellent solar resources. Additionally, onshore wind deals in Spain in 2024 have chiefly been refinancings and have included deals such as the refinancing of the 487MW Monegros portfolio. Renewables deal volume is notably lower in larger offshore wind markets such as the UK and Germany, given the recent dearth of European offshore wind deals. One exception is the financing for the 476MW Baltic Eagle offshore wind project, which will be located off the coast of Germany. However, the deal is not directly intended to finance construction, but refinances the acquisition of a 49% stake in the project from Iberdrola by Masdar. The original acquisition was funded with equity. Offshore wind project development has slowed over the last few years due to factors such as supply chain constraints and higher materials and debt costs. Subscribers can access more of Proximo data here: https://lnkd.in/du6gmwqJ If you're not a subscriber, explore Proximo's subscription options here: https://lnkd.in/dUgMipF7 #Proximo #RenewableEnergy #SolarEnergy #WindEnergy #ProjectFinance #EnergyFinance #ClimateFinance Source: #ProximoIntelligence

Demand for DFI/MDB support has grown fast in recent years. And meeting that need in project and export finance sectors in developing economies is a growing challenge, particularly given there are now more developed market projects competing with developing market projects for DFI lending capacity. Direct loans from DFIs and MDBs to projects in lower middle-income and high-income economies accounted for 66.8% of all recorded transactions in the last five years. Conversely, project and export financings in low-income economies received just 6.2% of DFI direct loans. Delve into the challenges of balancing development finance across different economies and the evolving role of DFIs/MDBs in improving transparency, as explored in Proximo's feature by our content executive, Nemanja Josifović: https://lnkd.in/eBKupAnB #Proximo #DFIs #projectfinance #MDBs #directloans #developmentfinance Source: #ProximoIntelligence

🎆 Happy 4th of July to our Proximo community! 🎆 Today, we are grateful for the opportunities to contribute to our community and industry, and we look forward to continuing to drive positive change. 🇺🇸 Next on the books for USA events is Proximo US Power, Renewables & Energy Transition, and we can't wait to bring the most innovative developers and lenders together to fuel the future for energy, power and decarbonization! See you on the 19-20 November Austin; for more details, click here: https://lnkd.in/e6j96Fe8 Wishing everyone a safe and joyful holiday filled with celebration and reflection. #FourthOfJuly #IndependenceDay #Proximo #Community #Innovation #EnergyTransition

Brightline's recapitalisation has involved raising debt for refinancing at the opco, parentco and holdco levels. Complex? Yes. Does it work? Investors seem convinced. Is it replicable? Maybe. https://lnkd.in/eP67Vmdp In this feature, Thomas Hopkins discusses the Brightline Trains Florida Passenger Rail Project, highlighting its unique status as the first privately developed intercity rail link in modern US history. The project aims to connect Miami to Tampa. Financing involves substantial debt arrangements, including private activity bonds (PABs), senior notes, and other debt instruments issued through various entities within the Brightline organizational structure. The project's financial structure, revenue sources, and future expansions, such as the Tampa extension, are also detailed. #Proximo #Transport #Americas #railproject #projectfinance

📹 During Proximo Global 2024: Energy & Infrastructure Finance, we had the privilege of catching up with the best in their fields. We would like to thank Jan-Henrik Rufer, Director - Head of Project Finance at AMPYR Solar Europe, for sharing his valuable insights! Jan-Henrik Rufer discussed his role in leading project finance activities. He highlighted growth opportunities in Germany, the UK, and the Netherlands, focusing on the integration of battery storage with solar projects to enhance reliability and mitigate risks. Rufer addressed supply chain challenges, particularly lead times for critical equipment, and the importance of strong shareholder support. He also shares his positive experience at the #ProximoGlobal24, emphasizing its efficiency and the relevance of the discussions. ❌ Couldn't join us? Don't worry! Proximo Subscribers can access on-demand content and all of our events here: https://lnkd.in/eqkEM4Kr To learn more about our intelligence subscription and become part of the Proximo community, follow the link here: https://lnkd.in/ehm7iBxU us at [email protected]. #Proximo #projectfinance #batterystorage #solarprojects

July's edition is out now! #ProjectFinance #InfrastructureFinance

Solar dominates renewables financings in the first six months of 2024 The solar PV sector has seen the greatest share of debt raised in the global project finance market relative to other renewables sectors in the first half of this year. According to Proximo data, solar PV developers have secured a significant amount of non-recourse debt between January and June, compared to a substantial amount for onshore wind – the second largest sector by total project finance deal volume. The offshore wind space has, notably, seen fewer deals so far this year, which is perhaps reflective of the higher costs and supply chain issues faced by the sector. Additions may be made to this data as further transactions come to light. Solar PV deals have closed in a highly diverse range of countries, with just a few examples including the financing for the Doornhoek project in South Africa; the financing for the Box Canyon project in the US; and the Matrix Renewables portfolio financing in Spain. There are multiple reasons for the high volume of solar deals. Some include the relative ease of construction and permitting for solar projects in relation to other renewables sectors, as well as the shorter development timelines typically needed for solar projects. Financings for solar projects have also become fairly commoditised in many markets, as lenders are highly familiar with financing solar plants and generally consider construction and technology risk to be low for such projects. In the US, the Inflation Reduction Act unlocked additional capital for solar developers by making production tax credits available to solar projects, which have also benefitted from the growth of the transfer market. Subscribers can access more of Proximo data here: https://lnkd.in/du6gmwqJ If you're not a subscriber, explore Proximo's subscription options here: https://lnkd.in/dUgMipF7 #Proximo #projectfinance #SolarPV #RenewableEnergy #GreenEnergy #Solar #ClimateAction Source: #ProximoIntelligence