S&P Global Ratings says Mesa La Paz expects to issue in the short term new senior secured bonds for a total amount of $303 million with final maturity in December 2044 under a project-finance structure.
Falling costs and technological improvements are driving a boom in offshore wind power projects worldwide. And while Europe’s industry is still the most mature, the U.S.’ is still in its infancy.
The drop in production costs across the supply chain and growing production scale have some governments thinking that renewables are now competitive without subsidies, as it is in Spain.
The grass should be even greener in 2018 for green finance globally. The green bond market, especially, remains red hot worldwide.
The generation mix in Asia-Pacific is undergoing a change, with increasing penetration of renewables–though on a relatively lower base.
In the not-so-distant future—but well beyond the next 10 years—technological advances will make batteries smaller, cheaper, and smarter.
S&P Global Ratings discussed the development of the green bond market in the U.S., some of the hurdles, how it differs from the European and Asian markets, and the opportunities that await investors.
Enhanced technology is driving down the cost of offshore wind power. In turn, this is having a positive effect on new offshore wind power projects.
This undersea cable project transmits power from renewable-rich New England into Long Island, New York, New York, which has historically faced both gas and electric transmission constraints.
• Improving technology is making offshore wind power an increasingly viable energy source worldwide.
The ERCOT power market has weakened significantly between 2014 and 2017, with power prices dropping to unsustainably low levels and crippling profitability for generators.
To help investors monitor risk and portfolio allocations, S&P Global Ratings has conducted a study looking at the size and structure of total project finance debt rated by S&P globally.