Project Finance

  • January 17, 2012

    Nuclear Power Finds Tough Competitor In Natural Gas

    As the U.S. government moves closer to licensing the first new nuclear power plants in decades, companies planning new nuclear projects will likely find themselves in competition for financing with the booming natural gas sector, attorneys say.

  • January 17, 2012

    Starwood Energy Unit Nabs 40% Stake In Fla. Power Plant

    An energy subsidiary of private equity firm Starwood Capital Group has acquired a minority stake in a Gainesville, Fla., biomass power plant project from Tyr Energy Inc., Starwood announced Tuesday.

  • January 17, 2012

    US-Turkish Venture Wins $477M Afghan Road Project

    A joint venture between California-based construction and engineering contractor ECC International Constructors LLC and its Turkish counterpart METAG Insaat Ticaret AS has won a $477 million project to redevelop a stretch of land completing Afghanistan's main artery, Ring Road, ECC said Tuesday.

  • January 17, 2012

    Astra Eyes $750M Financing Push For Steelmaking Tech

    Australian mining and technology firm Astra Resources PLC has teamed up with project finance specialist MidOil USA LLC to raise $750 million to commercialize its steelmaking technology, the company announced Tuesday.

  • January 17, 2012

    Biofuel Co. Raises $70M To Boost Plant-To-Fuel Production

    Joule Unlimited Inc., a Massachusetts-based biofuels developer, has closed a $70 million third round of fundraising, furthering plans to launch commercial production of its patented plant-to-fuel process, the company said Tuesday.

  • January 17, 2012

    Mining Co. Disputes $650M Suit Over Failed Chinese Mine

    London Mining PLC on Monday hit back at its joint venture partner on a Chinese iron ore mine, accusing Wits Basin Precious Minerals Inc. of filing an unfounded $650 million breach of contract suit to avoid paying a $1.2 million loan obligation.

  • January 17, 2012

    Alstom, SSE Launch World’s Largest Wave Energy Project

    French engineering giant Alstom SA and Scottish energy developer SSE Renewables have signed an agreement to begin developing the largest wave energy project in the world off the coast of Scotland, the companies said Tuesday.

  • January 17, 2012

    RBS To Sell Aircraft Leasing Unit For $7B

    The Royal Bank of Scotland Group PLC will sell its aircraft leasing business to a consortium led by Sumitomo Mitsui Financial Group Inc. for about $7.3 billion as the Japanese partners look to harness increasing demand for commercial aircraft, the companies announced Tuesday.

  • January 17, 2012

    Q&A With Blakes' David Zacks

    One of the most important issues in project financing is the emphasis placed upon compliance with environmental and social standards. The former are easier to measure than the latter, says David Zacks, a partner with Blake Cassels & Graydon LLP specializing in project finance.

  • January 13, 2012

    DOE Moves To Adapt To Time Limits On Contract Funds

    With a move toward stricter time limits on appropriated funds, the U.S. Department of Energy laid out the implications for contract planning, award and administration in a Thursday letter to its contracting officers.

  • January 13, 2012

    Canadian Diamond Co. To Spin Off Mining Project

    Canada's Mountain Province Diamonds Inc, a joint venture partner with De Beers Diamond Jewellers Ltd., plans to spin off a mining project into a separate TSX Venture Exchange-listed company, according to a filing with the U.S. Securities and Exchange Commission on Friday.

  • January 13, 2012

    EPA Seeks Outside Scientists To Review Fracking Report

    The U.S. Environmental Protection Agency is looking for outside scientists to peer-review a draft report finding that groundwater near an Encana Corp. gas field in Wyoming contains chemicals linked with hydraulic fracturing, according to a notice the agency plans to post Tuesday.

  • January 13, 2012

    Obama Fast-Tracks Enviro Reviews Of NE Rail Projects

    The Obama administration on Friday unveiled a pilot program that seeks to speed up environmental reviews for high-speed rail projects in the Northeast corridor.

  • January 13, 2012

    Tips for Handling The Tricky Parts Of Solar Projects

    Business in utility-scale solar projects is booming — on track to triple by 2015, according to market research firm NPD Solarbuzz — but pulling off those projects can be a difficult task. The process can be a lengthy and complex, fraught with hurdles such as environmental battles or financial difficulties, said attorneys who focus on solar deals. 

  • January 13, 2012

    IDB Launches $30M Green Energy Fund For Latin America

    The Inter-American Development Bank has approved a $30 million loan for a new fund designed to boost the private sector's role in developing clean technologies and renewable energy in Latin America, the bank announced Friday.

  • January 13, 2012

    CPFL Energias To Buy 4 Brazilian Wind Farms

    Brazilian energy company CPFL Energias Renovaveis SA has agreed to buy four wind power projects in its home country from Madrid-based developer Cobra Instalaciones y Servicios SA, the company announced Friday.

  • January 13, 2012

    Santos Moves Forward With $504M Offshore Oil Project

    Santos Ltd. has pulled the trigger on a $504 million oil project off the coast of Western Australia and expects the black gold to start flowing at an initial rate of 15,000 barrels a day by late 2013, the fossil fuels producer said Friday.

  • January 13, 2012

    Total, Inpex Commit To $34B Aussie Gas Project

    Japanese energy company Inpex Corp. and French petroleum giant Total SA signed a deal late Thursday for a $34 billion liquefied natural gas project in northern Australia, the second-biggest project ever launched in the country and a big bet on future gas demand in Japan.

  • January 13, 2012

    Q&A With Venable's Mark Vecchio

    The financing of infrastructure in the U.S. is in need of a complete overhaul. The issue, essentially, is one of proper risk allocation and how fairly to spread costs, but too often the dialogue seems to be focused on how I can get someone else to pay for what I want or need, says Mark Vecchio, a partner with Venable LLP specializing in infrastructure development.

  • January 12, 2012

    Codelco To Pay Injunction Costs In Chilean Mine Suit

    A Chilean appeals court on Thursday ordered the country's state-owned copper company to pay Anglo American PLC's legal fees related to an injunction it had filed and then withdrawn in an ongoing battle over contract options for a coveted copper mine's vast reserves.