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Forswearing forfaiting
08 May 2012
There is almost as much lender enthusiasm for German PPP as its power and renewables sector. But government has a variety of options, and has proved to be a stubborn partisan for tried-and-tested structures. By Thomas Blott.
The German economy, if not all of the country’s banks, weathered the financial crisis better than many of its European neighbours. Volumes of private funding for infrastructure projects have continued on an upward trend after a decline in the immediate aftermath of the collapse of Lehman Brothers, while the 2011 amendments to the Renewable Energy Act should provide a steady dealflow, especially in the offshore wind sector.
“Germany has a tremendous potential, not just in transportation infrastructure but also in energy infrastructure and other areas” says Thanos Babanikas, managing director for transport and PPP projects at UniCredit responsible for infrastructure advisory. “It will be an exercise for the EnergieWende, the shift away from atomic energy to other areas. There will be a lot of activity in the German infrastructure space in the next few years and you will see a much greater involvement of the private sector.”
But the volume of private...
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