Private Finance Initiatives (PFI) and Public-Private Partnerships (PPP): managing project handbacks

Public-Private Partnerships (PPP), also known as Private Finance Initiatives (PFI) in the UK, have become a solution to a gap in public investment derived from natural budgetary constraints worldwide. This model is based upon joint working and risk sharing and...

Restructuring Private Finance Initiatives (PFI) and Public-Private Partnerships (PPP) – part 2: challenges and key success factors

In recent years, the market has seen an increasing number of high-profile defaults of Private Finance Initiatives (PFI) and Public-Private Partnerships (PPP) – and the risk remains that these continue going forward. After examining major risk factors causing distress in...

Restructuring Private Finance Initiatives (PFI) and Public-Private Partnerships (PPP) – part 1: causes of distress

Private Finance Initiatives (PFI) and Public-Private Partnerships (PPP) have come under increased scrutiny in recent years after a rising number of defaults. In part one of this two-part series, we examine five major risk factors causing distress, while in part...

How to avoid bad renewable energy deals # 1: introduction

The renewable energy sector has experienced its fair share of bad deals. Some sub-sectors and geographies have seen particular systemic issues that go beyond individual projects but the sector has actually been good at learning lessons from failures – especially legal and technical.