As Government cuts and financial uncertainty impact on the viability of projects, groups of companies are now seeking to negotiate better contract and concession terms
A lack of trust is the recurring issue affecting current and planned infrastructure projects across Spain, says Antonio Navarro, finance partner with Broseta in Madrid.
Consortia members who had successfully bid for now cancelled or postponed projects have to consider all the options available to them
The Portuguese government may have suspended many of the planned most high profile infrastructure projects but sector players need not limit themselves to merely domestic opportunities, insists Jorge Sarmento Neves, partner with Gómez-Acebo &
The onset of the banking crisis in 2007 has prompted a reduction in both the number of project finance deals, the scale of those going ahead, and a much more objective calculation of benefits by lenders
Among the initial responses to the financial crisis in Portugal and Spain was a strong emphasis on project and construction schemes, intended to inject liquidity and momentum into the national economies. New or long-awaited project
Portugal is embarking on a series of pilot solar photovoltaic and thermo-solar production sites that may lead to a dramatic expansion of the market
The success of Portugal’s onshore renewable energy strategy is prompting both the government and investors to now look at new opportunities, albeit with mixed success, says Jose Eduardo Martins, Head of Public Law at
Pricing uncertainty is reducing the degree of commercial speculation in the renewables sector, while encouraging larger renewables players into the market The coming months will likely see new regulation affecting the renewables sectors in Spain,
In its present form, the Spanish electricity system is financially unviable, but major changes could produce mid-term results, says Javier de Montalvo, Head of Energy at GARAYAR ASOCIADOS.
