Jun 21, 2012
- Sara Rosner
Asian and U.S. lenders are stepping up project finance activity as European players scale back their efforts or step out of the market. The field is dominated by European banks, but their volume dropped from 65% to 50%. That slack was picked up by U.S. banks and Japanese banks, Thomas Emmons, managing director at Rabobank told attendeesBank of America Merrill Lynch is stepping up in renewables financing, said Jonathan Plowe, head of new energy and infrastructure solutions. The firm unveiled a $50 billion environmental initiative last week that focuses lending and capital markets activity and advisory services, in part, on solar, wind, hydro, biomass and waste-to-energy projects. Meanwhile, Mitsubishi UFJ Financial Group and its affiliates Union Bank and Bank of Tokyo-Mitsubishi have lead roughly 40% of the deals that have closed this year, according to PIs Project Finance Deal Book.
Set up your account today for full access to Power Finance & Risk.
Join our readership!
Want unlimited access, but don't feel quite ready to subscribe?
Apr 11, 2019 - Power Finance & Risk
Gusts of up to 46 mph in Las Vegas this week did not dampen the spirits of attendees of the S&P Global Platts 34th Annual Global Power Conference, but did put paid to plans for open air cigar parties. PFR editor Richard Metcalf and reporter Taryana Odayar were on hand to chronicle the action, inside and outside the conference hall.
Apr 08, 2019 - Power Finance & Risk
As representatives of developers, banks, investment firms and service providers descend on Las Vegas for S&P Global Platts’ 34th Annual Global Power Markets Conference, PFR takes a look at what to expect.
Mar 15, 2019 - Power Finance & Risk
Known for undertaking ambitious infrastructure projects such as the world’s largest hydro project, the Three Gorges Dam, China has now embarked on a mission to develop the first utility-scale solar project in space by 2040.
© 2019 Euromoney Institutional Investor PLC. All material subject to strictly enforced copyright laws.
Please read our Terms and Conditions,