The Asset’s Triple-A Sustainable Infrastructure Awards 2023 is an annual awards programme that recognises outstanding sustainable infrastructure projects and initiatives in the Asia-Pacific region.
The Natixis IM private debt team won two awards: Hong Kong Project Finance House of the Year and Renewable Energy Deal of the Year.
Angus Davidson, Natixis IM’s managing director for APAC infrastructure said: “These awards acknowledge our role as a leading global sustainable finance lender and our commitment to providing bespoke solutions to support our clients in their transition to a more sustainable future.”
The Renewable Energy Deal of the Year was a HK$400 million green project loan to Widex Group Holdings and Widex Solar Asset Holding. The loan proceeds will be used to finance a portfolio of rooftop solar photovoltaic (PV) projects deployed in corporate, industrial and public buildings across Hong Kong.
The facility is structured as a non-recourse project finance loan and secured against one of the largest rooftop solar portfolios in Hong Kong with over 100 existing rooftop solar PV projects, and approximately 20MW of capacity qualified under Hong Kong’s feed-in-tariff scheme.
Natixis CIB’s awards below, reflect its position as one of the strongest infrastructure players. The global investment bank has subsidiaries in more than 30 countries, and has operated in Asia since 1982 when it set up a branch in Singapore. It now has operations in every major Asian economy (Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand).
Natixis IM maintains a close relationship with Natixis CIB, so it gets an early look at deals being structured by the investment bank and can signal at an early stage which ones it is interested in. Davidson said: “We talk to the investment bank on a daily basis about both the pipeline and about deals in the execution phase. That kind of information flow is a real advantage in this market.”
Renewable energy deal of the year – waste-to-energy. Natixis CIB was mandated lead manager and bookrunner for a NT$4.056 billion project financing to Taiwan Cube Energy. The financing aid the development of a 20MW waste-to-energy project dedicated to processing solid recovered fuel (SRF) for electricity and sustainable waste management. This is the first SRF waste-to-energy plant to secure a non-recourse project financing in Taiwan.
India Renewable Energy Deal of The Year: Hybrid. Natixis CIB was the green loan co-ordinator and mandated lead arranger for a US$985 million round-the-clock battery-enabled project financing for ReNew Surya Roshini Private Limited.
Central Asia Deal of the Year. A US$460 million loan will finance Uzbekistan’s first utility scale wind farm, and at 500MW it is also the largest wind independent power producer in Central Asia.
Australia LNG Deal of the Year. Natixis CIB was mandated lead manager for a US$3.6 billion syndicated term loan facility. The loan financed the acquisition by Global Infrastructure Partners of a 49% stake in Pluto Train 2, a key component of the wider Scarborough gas field development. Pluto Train 2 will be one of the lowest carbon intensity sources of liquefied natural gas in Australia.
Australia Telecom Deal of the Year. Natixis CIB was mandated lead manager for an A$3.58 billion financing to support Australia Tower Network’s acquisition of Axicom. The deal creates the largest independent tower infrastructure company in Australia.
Australia PPP Deal of the Year. Natixis CIB was mandated lead manager for a A$1.8 billion green sustainability-linked loan to Reliance Railway Pty Ltd. The green sustainability-linked loan (SLL) is one of the first of its kind in Asia-Pacific given that it is certified as a green loan by Climate Bonds Initiative under its low carbon transport criteria as well as being a SLL. The structure incentivizes Reliance Rail with reduced debt margins if the sustainability performance targets are met. Any margin savings are to be used exclusively to fund sustainability improvements rather than to reduce net funding costs.
Any reference to a ranking, a rating or an award provides no guarantee for future performance results and is not constant over time.
For Further Reading:
- Natixis IM APAC Private Debt Team Wins - again - an Infrastructure Award
- Natixis Investment Managers and Fubon Bank (Hong Kong) Limited provide a green project loan to finance PAG’s rooftop solar portfolio
- Natixis IM International Finances Niche Waste Management Plants
- Natixis IM Private Debt APAC wins Infrastructure Award
- Natixis Investment Managers Expands Infrastructure Debt Platform
Société anonyme de droit français avec Conseil d’Administration (Société Anonyme)
Capital : 51 371 060,28 €. RCS Paris : 329 450 738.
Agréé par l’Autorité des Marchés Financiers (AMF) sous le numéro GP 90-009 43 avenue Pierre Mendès France, 75013 Paris.
Natixis Investment Managers
RCS Paris 453 952 681
Capital : 178 251 690 €
43 avenue Pierre Mendès France
This communication is for information only and is intended for investment service providers or other Professional Clients. The analyses and opinions referenced herein represent the subjective views of the author as referenced unless stated otherwise and are subject to change. There can be no assurance that developments will transpire as may be forecasted in this material.
Copyright © 2023 Natixis Investment Managers S.A. – All rights reserved