Refinancing projects and pre-hedging financial market risks
Hedging and Capital Markets
Infrastructure | London
SummaryChatham's Rishin Patel comments on investment and hedging trends in the project finance and renewable energy sectors. This article was first published in GLIO Journal issue 5.
While the amount of dry powder ready to invest in infrastructure assets piles up, putting money to work is proving to be more challenging. The infrastructure investor community has seen some significant competition on all fronts.
The re-emergence of significant fund-raising activity saw even the large players going head-to-head to secure long-term commitments from institutional investors. In some instances, placements are being allocated beyond 18 months in the future for both listed and unlisted funds.
As a result, over the course of 2018 we have witnessed a flurry of refinancing activity of existing assets in operational stages as well as development stages, and increasingly in non-traditional jurisdictions for many of these funds.
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