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  1. How project finance can advance the clean energy transition in developing countries
    Erschienen: September 2022
    Verlag:  The Oxford Institute for Energy Studies, [Oxford]

    The global climate change imperative presents a particular challenge because of the scale and nature of the investment needed in developing countries, coupled with the difficulty of raising long term debt in many of them. Project finance can help to... mehr

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    The global climate change imperative presents a particular challenge because of the scale and nature of the investment needed in developing countries, coupled with the difficulty of raising long term debt in many of them. Project finance can help to address this challenge because it enables separation and allocation of different risks to different parties, which can help to attract different funders with different risk appetites. In particular, it is a vehicle to segregate green assets for funding and could assist in incorporating targeted credit enhancement products, such as those offered by the World Bank and other governmental agencies looking to promote clean energy investments. This international dimension is critical, as the challenge will require substantial outside support and innovation. The constraint is not the global availability of finance, but the risk profile of the projects (mostly local-currency generating projects with longer-term infrastructure-type returns) and the availability of the necessary skilled resources. Unless addressed, these constraints will continue to limit the availability of debt finance for clean energy projects in developing countries and thus the ability to achieve global climate change objectives.

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9781784672065
    Weitere Identifier:
    hdl: 10419/270523
    Schriftenreihe: Array ; 17
    Schlagworte: debt; developing world; Energy Transition; green finance; multilateral lending; project finance
    Umfang: 1 Online-Ressource (circa 24 Seiten), Illustrationen
  2. Financing a world scale hydrogen export project
    Autor*in: Craen, Stephen
    Erschienen: January 2023
    Verlag:  The Oxford Institute for Energy Studies, [Oxford]

    It is anticipated that green hydrogen will require government support for the next 15-20 years and that green hydrogen export projects will have to compete, largely on delivered price, to supply the demand created by the importing government... mehr

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    It is anticipated that green hydrogen will require government support for the next 15-20 years and that green hydrogen export projects will have to compete, largely on delivered price, to supply the demand created by the importing government programmes. Efficient project financing, both debt and equity, can play an important part in minimising the cost. This paper considers a 1GW archetype project, using solar power to export green hydrogen in the form of green ammonia, and considers the key issues that will impact its ability to attract low-cost debt. Lenders will look at precedents and, while ostensibly green ammonia has much in common with LNG, economically the better analogue is offshore wind given: the requirement for government support, the expectation that future projects will offer a lower levelized cost of hydrogen (LCOH) and contract prices are more likely to be fixed than indexed to fossil fuels. The key features the project will need to demonstrate to attract capital are: (i) robust and durable legislation behind the importing government support, preferably backed up by an investment treaty; (ii) a highly creditworthy buyer and (iii) an offtake/sales and purchase agreement (SPA) that does not expose lenders or investors to market volume or price risk. Lenders and investors are incentivised to invest in green hydrogen projects and, to the extent that the project can demonstrate the key features above, there should be a strong appetite for the debt and equity (absent disruption in the financial markets).

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9781784672140
    Weitere Identifier:
    hdl: 10419/270530
    Schriftenreihe: Array ; 21
    Schlagworte: Finance; green ammonia; green hydrogen; hydrogen export; LNG; Offshore wind; offtake agreement; project finance; sale and purchase agreement (SPA)
    Umfang: 1 Online-Ressource (circa 56 Seiten), Illustrationen
  3. The flip side of financial synergies
    coinsurance versus risk contamination
    Erschienen: [2013]
    Verlag:  IGIER, Università Bocconi, Milano, Italy

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Auflage/Ausgabe: This version: May, 2013
    Schriftenreihe: Working paper series / IGIER ; n. 475
    Schlagworte: Default costs; conglomeration; mergers; spin-offs; project finance; risk contamination; coinsurance
    Umfang: 1 Online-Ressource (circa 52 Seiten), Illustrationen