COVID-19 is likely to lead to big disruptions to the way infrastructure is financed and procured. In this abridged version of a webinar that was first broadcast on 26 April 2020, Tom Nelthorpe hosts Berkeley Research Group's Michael Whalen, Mayer Brown's Nathan Galer and independent consultant David Baxter 

Proximo Transmission

Proximo Transmission Weekly: Project finance in the time of COVID-19

The world's major credit ratings agencies have all committed "to incorporating ESG into credit ratings and analysis in a systematic and transparent way." But project finance credits might feature unique challenges. Tom Nelthorpe talks to Peter Kernan at S&P Global Ratings and Carlos Terré of Scope Ratings.

Proximo Transmission: Can credit ratings incorporate ESG?

Demand for project finance skills has never been higher, but finding suitable case studies - and making sure the right institutions have access to the right knowledge - is still challenging. Tom Nelthorpe talks to Michael Whalen, Ian Cogswell and Paul Clifford about closing the gap.

Proximo Transmission Weekly: Closing the skills gap

Satellite finance has overcome some spectacular booms and busts, thanks to access to a variety of financing sources. Increased satellite data usage could take the market to ever greater heights. Tom Nelthorpe talks demand and launch risk with Michael Whalen from Berkeley Research Group and Nick Flitterman from Portland Advisers.

Proximo Transmission Weekly: Sizing up satellite finance

Reserves-based loans are a popular tool for financing oil & gas, and enjoy a good performance history. Low prices are less of a challenge to the market than ESG concerns, which may affect interest from some lenders. Tom Nelthorpe speaks to Paul Clark, a petroleum engineer and director at ICBC Standard Bank, and Ian Cogswell of Cogswell Consulting

Proximo Transmission Weekly: Threats and opportunities for RBLs

It's the inaugural Proximo Festive Trends Round-up and Draft. Jonathan Yellen, Michael Whalen of Berkeley Research Group, and Ian Cogswell of Cogswell Consulting join Proximo's Tom Nelthorpe to review and rank the most important trends of 2019 in energy, infrastructure and project finance.

Proximo Transmission Weekly: The trends of 2019

Project and infrastructure bond funds are still a rarity in debt capital markets, and are even rarer in emerging markets. Can a new emerging markets infrastructure fund fill a gap in supplying long-dated debt? Tom Nelthorpe speaks to Susan Wisialko of Global Infrastructure Finance and Michael Whalen of Berkeley Research Group.

Proximo Transmission Weekly: Emerging markets infrastructure bonds

Commodity hedges in US power have evolved over the last few years, but renewables have created some challenges to hedge providers and developers. Even if battery storage is more widely adopted, hedging will remains complex. Proximo talks to Paula Torres, an originator and trader at commodities trading firm Trailstone.

Proximo Transmission Weekly: Commodity hedges for renewables

US power bankers are taking on greater amounts of merchant risk - but in different places to before. With both market structure and technology evolving rapidly, bankers are having to make some tough calls about how aggressive to be with terms. Tom Nelthorpe and Berkeley Research Group's Michael Whalen look back at the Proximo Austin 2019 US Power and Renewable Finance Exchange. 

Proximo Transmission Weekly: Where's merchant risk hiding in US power?

Do project finance lenders ever learn from their mistakes? How do non-bank lenders behave when infrastructure borrowers are distressed? Are bankruptcies a sign that the PPP market is working as planned or failing? Proximo's Tom Nelthorpe talks workouts and restructurings with AlixPartners' Frank Pometti and Berkeley Research Group's Michael Whalen.

Proximo Transmission Weekly: We can work it out

Eleven years on from the launch of the first green bond, the label has become commonplace in capital markets. But while banks and corporates are frequent issuers, non-recourse green project bonds still need to gain momentum. Tom Nelthorpe talks pricing, principles and project debt with S&P Global Ratings' Mike Wilkins, Berkeley Research Group's Michael Whalen and Cogswell Consulting's Ian Cogswell.

Proximo Transmission Weekly: Pricing, meet Principles for green bonds

Latin American renewables has gone mainstream, with low-cost bids and strong lender and investor interest in the region. But developers are having to work harder to make bids attractive, and take on more risks. George Khachadourian talks to Emily Puente, regional manager for Northern Latin America at First Solar

Proximo Transmission Weekly: Growing ambition in Latin renewables

The US power power finance market is undergoing a period of rapid evolution, as changes in debt terms and new enhancement products allow for more aggressive development and acquisition activity. But offtakers - both utilities and private corporates - feature challenging risks that lenders will need to accommodate. Tom Nelthorpe hosts experienced US project finance banker Jonathan Yellen and Berkeley Research Group's Michael Whalen.

Proximo Transmission Weekly: Offtake options in US power

New sources of capital are giving mine developers many more options - and many more complications - when raising capital. But construction and political risks still require huge amounts of attention from sponsors. Joining Proximo's host, Tom Nelthorpe, are White & Case's Oliver Wright, and Global Transaction Partners' Stephen Kennedy.

Proximo Transmission Weekly: New capital faces old risks in mining

Floating offshore wind has made some huge advances in the last 18 months, including a first EIB-led debt financing. But is it bankable for commercial lenders, and what are the main technical challenges? Joining host Tom Nelthorpe to discuss the state of play are RCG's Marc Costa-Ros; Gary Ross of Floating Energy Systems and Ian Cogswell of Cogswell Consulting.

Proximo Transmission Weekly: Is floating offshore ready for prime time?

Analysis and discussion for the global project, infrastructure and energy finance community

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