Lead Story

PFI 798 - 31 Jul 2025 - 13 Aug 2025

Zenobe gets European EV expansion PF

KKR and Infracapital-backed Zenobe's €325m European expansion debt is structured as a five-year non-recourse project financing and works like a credit line, with tranches drawable for the first four years.

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Lead Stories

PFI 798 - 31 Jul 2025 - 13 Aug 2025

Donald Trump signed an executive order pushing data centre infrastructure development. The move comes after an event in Pennsylvania where US$100bn was pledged. By Nic Stone

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PFI 798 - 31 Jul 2025 - 13 Aug 2025

The Aboitiz-led Thunder consortium doubled competing bids to keep the 797MW CBK hydro concession. Despite its Japanese sponsors and cost increase, project financing seems bound for local banks. By Minerva Lau

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PFI 798 - 31 Jul 2025 - 13 Aug 2025

Italy’s biomethane developers are speeding up subsidised project construction to lock in an EU capex refund. Meanwhile, FemoGas closed on a rare deal backed by a corporate offtake. By Cristiana Sandeva

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PFI Comment

PFI 798 - 31 Jul 2025 - 13 Aug 2025

Receiving revenues during construction is a definitive positive from a credit perspective and indeed an equity perspective. There is, of course, a cost to providing this sort of support. As projects get bigger and more complex, there is a risk the obligations during construction could be stretched too far.

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Features
PFI 798 - 31 Jul 2025 - 13 Aug 2025

From hyperscale data centres in the Gulf to hydro-powered mining in Ethiopia, digital potential in the Middle East and Africa is no longer on the periphery of global finance – it's taking centre stage. By Sebastien Bonneau, partner, and Shah Jahan Khandokar, partner, McDermott Will & Emery UK LLP.

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PFI 797 - 17 Jul 2025 - 30 Jul 2025

Growth in the global project finance market continued apace in the second quarter following on from a strong first quarter. The result is an impressive first half in the loan tables with project bonds coming in on par with the 2024 figure. The US market was again a mainstay of activity accounting for nearly half of the global loans total and nearly two-thirds of global bonds.

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PFI Global Energy Report 2025
PFI Global Energy Report 2025

PFI has published its annual Global Energy Report. The report presents case studies of important leading-edge deals and profiles various institutions and developers involved in the sector. Battery storage is a common theme across the report alongside energy for AI and data centres.

PFI Global Energy Report 2025