Energy & Infrastructure Project Finance

This course will explore the key commercial, legal, economic and policy issues affecting the development and financing of infrastructure projects, with special emphasis on practical concerns related to investments in alternative energy and other power generation facilities. Many of these topics will be raised in the context of comparative, real-world case studies of different types of energy and infrastructure projects: (1) a wind power plant (including monetization of tax credits and use of bank debt), (2) toll roads in California and Mexico (using bank debt, long term bonds, and government support), (3) an offshore oil and gas project in Brazil (using bank debt, foreign equity, and multilateral and export credit support), (4) a Chilean airport privatization (using capital markets), and (5) divergent financing strategies and market approaches of energy companies like Calpine, Enron Europe and BP Amoco, among others.