The paper aims at elucidating and solving the methodological problems around the estimation of the cost of capital in the project finance settings. By convention, capital budgeting analysts evaluate project finance ventures using the free cash flow for equity (FCFE) method, whereby cash flows,...

By examining project-level data on real estate project financing (PF), I find that higher equity ratios are associated with lower overall risk and reduced project costs. This finding supports policy measures aimed at strengthening capital structures without unduly constraining PF activity. If...

This gas-focused edition of the Oxford Energy Forum updates the scorecard on the key issues driving medium to long-term gas demand prospects in key consuming countries. Whether it is European climate policy and the regulation of decarbonized gases, the demand outlook for Asian industrial...

Over the past several decades, real estate project financing (PF) has repeatedly triggered economic disturbances in Korea, with no fundamental remedies in sight until now. Project sponsors are at the heart of this issue, investing minimal equity while heavily relying on guarantees from third...

Aim: The aim of this paper is to contribute to the project management studies by systematization, generalization, and structurization of information about an energy megaproject in Cyprus, as well as to provide practical insights and guidance on how megaprojects can be started and managed in...

Site-adaptation corrects long-term satellite-derived solar irradiance datasets, which improve solar power system modeling by reducing the risks in performance estimation. This study begins with a data-efficient approach to probabilistic site-adaptation, using simple model averaging to quantify...

In an era where crowdfunding in Portugal is garnering increased public attention, exemplified by notable campaigns like the recent funding of the nurses' strike, we explore its potential as an alternative financial source to traditional banking. Through a comprehensive case study, we delve into...

It is anticipated that green hydrogen will require government support for the next 15-20 years and that green hydrogen export projects will have to compete, largely on delivered price, to supply the demand created by the importing government programmes. Efficient project financing, both debt and...

Green financing policy plays a critical role in fighting against climate change by providing financial support to corporate’s green transition. Through the lens of the Equator Principles, adopted by financial institutions for managing environmental and social risks in funding projects, this...

We examine a crowdfunding platform that connects artists with funders. Although the internet reduces many distance-related frictions, local and distant funders exhibit different funding patterns. Local funders appear less responsive to information about the cumulative funds raised by an artist....

We investigate how corporate borrowers can manage ex post ESG-related risk and signal their commitment by approaching banks that adopt Equator Principles, which require them to monitor a project's environmental and social impacts. We examine the effects of using such "green banks'' on corporate...

Aircraft financing is essential to promote economic growth and development and to help accomplish the Sustainable Development Goals of the United Nations, aircraft financing is essential. Given the fact that for airlines and investors, the high costs of aircraft maintenance and acquisition...

The World Bank Finance and Technology Department, in collaboration with The World Bank Technology and Innovation Lab, partnered with Google Cloud and Syntasa Incorporated to learn how artificial intelligence and machine learning could enhance the news sourcing and sentiment of FinTech topics...

Purpose – The study seeks to contribute to the literature of decentralized participation of local communities in driving renewable energy uptake in rural areas by proposing a conceptual financing model for renewable energy through leveraging the spirit of partnership among the local community,...

It is anticipated that green hydrogen will require government support for the next 15-20 years and that green hydrogen export projects will have to compete, largely on delivered price, to supply the demand created by the importing government programmes. Efficient project financing, both debt and...

Chapter 1. The Real Estate Market in Developed Economies and Emerging Economies -- Chapter 2. The Research Design and Methods -- Chapter 3. The Finance Options & Criteria for Securing Finance for Real Estate Project Development in Developed and Emerging Economies -- Chapter 4. Critical Success...

"Dennis Buchanan's text clearly shows how an understanding of the complementary disciplines of geoscience, conventional engineering and advanced financial engineering is essential to making the right decisions concerning how to appraise a resource or project and how to structure the funding of...

Introduction : Renewable Energy Support Law in Context -- The Different Types of Renewable Energy Support Schemes -- How Renewable Energy Support Schemes Should Be Selected, Designed, and Implemented as per the Renewable Energy Directive and the Electricity Market Regulation -- The EU Renewables...

"Infrastructure drives economic growth and sustainable development by facilitating productivity, attracting foreign investment, promoting industrialization, reducing poverty, improving standards of living, and enhancing human development. Thus, the development of project-oriented...

"There is currently no comprehensive scientific study that addresses the problem of financing projects using Distributed Ledger (blockchain) Technology (DLT) that are not themselves embedded in the blockchain ecosystem, particularly in the context of long-term and capital-intensive investments....

The global climate change imperative presents a particular challenge because of the scale and nature of the investment needed in developing countries, coupled with the difficulty of raising long term debt in many of them. Project finance can help to address this challenge because it enables...

More renewable electricity generation capacity will be needed to support progress towards the United Nations Sustainable Development Goals (SDGs) and the Paris Agreement on climate change including in low- and lower-middle income countries (LICs and L-MICs). Given the limited availability of...

We investigate the relationship between accumulated experience completing wind power projects and the cost of installing wind projects in the U.S. from 2001-2015. Our modeling framework disentangles accumulated experience from input price changes, scale economies, and exogenous technical change;...

This paper presents a methodology which blends sensitivity analysis and fuzzy arithmetic for managing uncertainty in project financing transactions. Specifically, we adopt the perspective of the equityholders and use the average Return On Equity (ROE) to measure shareholder value creation and,...

This paper provides a comparative analysis of project finance (PF) and traditional corporate finance (CF) bond pricing. Using a cross-section of 47,196 bonds issued worldwide in the 1993-2020 period, we show that PF and CF bonds are differently priced, and although ratings are the most important...