Latest news, finance and advisory from Portland Advisers

Aug, 2024

By Nick Flitterman

Portland Advisers undertaking financial advisory role for the Vulcan Energy, Zero Carbon Lithium Project

Portland Advisers undertaking financial advisory role for the Vulcan Energy, Zero Carbon Lithium Project

Portland Advisers is pleased to be engaged to provide independent financial advisory services to Export Credit Agencies in support of the project financing of the Vulcan integrated renewable energy and Zero Carbon Lithium™ Project located in Germany. Vulcan aims to be the largest, strategic producer and supplier of lithium chemicals and renewable energy from Europe for Europe, empowering a net zero carbon future.

Vulcan will be a fully integrated renewable energy and lithium company with access to the largest lithium resource in Europe, becoming the first fully domestic sustainable lithium producer in Europe. The project will produce both renewable geothermal energy for heat and power and battery-grade lithium hydroxide monohydrate (LHM) for Electric Vehicles (EV) batteries, from the same deep brine source in Germany’s Upper Rhine Valley.

Vulcan intends to produce 24,000 tonnes of LHM per annum that could equip 500,000 EVs. The company has binding lithium offtake agreements with some of the largest cathode, battery, and automakers in the world, including Stellantis, Renault, VW, Umicore and LG Energy Solution. The Project is expected to have a substantial positive environmental impact as Vulcan will use zero fossil fuels in its LHM production process.

Portland Advisers will provide its extensive global expertise in advising on energy & resources value chains globally to support this first-of-its-kind energy transition project financing in Europe.

For further information, contact Grant McKeown at grant.mckeown@portlandadvisers.com or +44 7916 147640

clean, Energy, finance, launch, lithium, net zero, portland, project, Project Finance, survey, tech, vulcan

Dec, 2022

By Nick Flitterman

Portland’s Ian Cogswell returns to the Proximo Annual Project Finance Trends Review

Portland’s Ian Cogswell returns to the Proximo Annual Project Finance Trends Review

Increasing cost of debt, the importance of energy security and the decarbonisation of energy networks have all been significant factors for project finance this year. But there have been may others and, for the fourth year in a row, Ian Cogswell will join Proximo’s panel of industry experts at 3pm UK / 9am New York on 19^th December to discuss the most important project finance trends of 2022, and attempt to predict what will happen in the year ahead.

Joining Ian and Proximo’s Tom Nelthorpe, will be Michael Whalen, Managing Director at Berkeley Research Group, and Jonathan Yellen, Investment Director at OGCI Climate Investments.

Find out more and register for free at https://www.proximoinfra.com/articles/8225.

Nov, 2022

By Nick Flitterman

Portland’s Cogswell at the Petroleum Economist’s LNG-to-Power Forum

Portland’s Ian Cogswell at the Petroleum Economist’s LNG-to-Power Forum

Portland was represented at the Petroleum Economists recent LNG to Power forum, held in London on 18^th October. Europe’s ambition to displace two-thirds of its Russian gas demand by the end of 2022, and eliminate its dependence well before 2030, is a game-changer for European LNG; for the continent’s gas-fired power sector; and will impact Africa, the MENA region and the rest of the world. The conference debated these issues across a range of panel discussions. Ian is currently advising Portland clients on raising debt finance for LNG import terminals as well as clients raising debt for gas-based projects in Africa. He shared his knowledge during the discussion specifically focusing on LNG-to-Power in Africa.

“LNG-to-Power in Africa: Time to Take Another Crack at the Nut” discussed a number of key topics, including:

Is now the time?
What are the current drivers for LNG, and gas, in sub-Saharan Africa and in North Africa?
Where are the most promising opportunities on the continent? And what are the biggest challenges?
Why hasn’t LNG-to-power taken off in Africa since January 2019?
Looking forward: how will LNG-to-power and gas-to-power fit within the continent’s green energy mix and objectives?
Structuring bankable projects

You can view the post-event report here.

Dec, 2021

By Nick Flitterman

Portland’s Cogswell joins Proximo’s Annual Project Finance Trends Review

Portland’s Ian Cogswell joins Proximo’s Annual Project Finance Trends Review

Once again, Ian Cogswell participated in Proximo’s Festive Trends Round-Up and Draft. This annual webinar looks back at the previous year and attempts to predict the most significant features of the project, energy and infrastructure finance markets in the year ahead.

Joining Ian and host, Tom Nelthorpe, were Michael Whalen, Managing Director at Berkeley Research Group, and Jonathan Yellen, Investment Director at OGCI Climate Investments. Following the now traditional festive round-up format the panel discussed:

It’s time to pay more attention to methane
COP26 happened. Did it change much?
The oil and gas industry is far from out
Blended finance will be vital to new assets and markets
US infrastructure is going to be YUUUGE
Time to remember how inflation works
Hydrogen is going to take off very soon
Infrastructure funds are getting VERY aggressive
The post-pandemic working environment looks a lot like the pre-pandemic environment

The session is available to watch on demand at

https://www.proximoinfra.com/articles/8102/Proximos-Year-in-Review-The-festive-trends-round-up

Sep, 2021

By Nick Flitterman

Nick Flitterman hosts panel for SSPI/GVF on the future for UK Space

Nick Flitterman hosts a special panel on the UK Space Landscape

Portland’s Head of Telecoms, Nick Flitterman, hosted a distinguished panel, sponsored by GVP and SSPI UK, discussing the UK Space Landscape which included sharing of views on the newly published UK National Space Strategy. The panel included the Rt Hon Mark Garnier, MP fo Wyre Forest and Vice Chair of the Parliamentary Space Committee, Chris McGlaughlin of OneWeb and Anthony Baker, CEO of newly financed SatelliteVu.

Watch the webinar in full by clicking here

And you can find the newly published UK Government National Space Strategy here.

For further information, contact Nick at nick.flitterman@portlandadvisers.com or +44 7973 481330

constellations, finance, Flitterman, gvf, infrastructure, insurance, launch, podcast, project, Project Finance, satellite, space, sspi, strategy, Telecom

Sep, 2021

By Nick Flitterman

Portland Contributes to Financing Net Zero at SPE Offshore Europe

Portland Contributes to Financing Net Zero at SPE Offshore Europe

The Society of Petroleum Engineers (SPE) held its Offshore Europe Conference & Exhibition at the start of September. Portland’s Ian Cogswell contributed to the content of a presentation made by the Financing Net Zero group, addressing the technology risk for financial investments in the energy transition. The presentation, which was made on behalf Financing Technology to Net Zero UK by Andrew Smith of Deja Blue Consulting, can be viewed here .

For further information, contact Ian at ian.cogswell@portlandadvisers.com or +44 20 7183 8214

clean, cogswell, Energy, finance, focus, launch, net zero, portland, project, Project Finance, survey, tech

Aug, 2021

By Nick Flitterman

Portland A Thought Leader in Clean Tech Financing

Portland A Thought Leader in Clean Tech Financing

Portland’s Ian Cogswell has this month published an article on the challenges associated with the financing and deploying of new clean technology. It has featured in the summer edition of “Energy Focus”, the periodical of the Energy Industries Council (EIC). The article can be found by clicking here or on the EIC and Energy Focus websites shown below.

Portland Advisers is a proud member of Financing Technology to Net Zero UK ( FTech2Zero), a multiorganizational network of industry experts, who have been drawn together to develop a white paper recognizing the challenges associated with financing and deploying novel technology, raising awareness, and assessing the solutions that can be adapted by both financial institutions and technology providers alike.

Energy Focus on EIC website can be found here.

The Energy Focus article can be found directly here.

For further information, contact Ian at ian.cogswell@portlandadvisers.com or +44 20 7183 8214

clean, cogswell, Energy, finance, focus, launch, net zero, portland, project, Project Finance, survey, tech

Mar, 2021

By Nick Flitterman

Portland assists in the drive to Net Zero

Portland assists in the drive to Net Zero

In October 2020, Portland’s Ian Cogswell participated in a workshop entitled Working Back from Net Zero. The “Financing Net Zero” group that met during the workshop has continued to meet and formed a network, FTech2Zero, a multiorganizational network of industry experts, who have been drawn together to develop a white paper recognizing the challenges associated with financing and deploying novel technology, raising awareness, and assessing the solutions that can be adapted by both financial institutions and technology providers alike.

With less than 30 years to deliver the UK’s Net Zero ambitions it is critical to focus on measures to accelerate deployment of the technologies which are necessary to deliver net zero goals. Current estimates state that the required investment to create an integrated energy system on the UKCS alone requires investment of approximately £430 billion. It is therefore imperative that any initiative is attractive to a broad range of financial investors.

FTech2Zero has produced a survey to collect voices from the entire energy value chain to help broaden our understanding of what is needed to truly move the dial on financing net zero. The group would greatly appreciate your input on this topic via this 10-minute survey. With this survey, we are trying to collect voices from the entire energy value chain to help broaden our understanding of what is needed to truly move the dial on net zero financing.

You can also join us at the forthcoming virtual roundtable, Financing Technology to Net Zero on 7^th April to discuss the survey as we form a better understanding of the current state of investment in novel technologies, as well as how companies are reacting to this transformational issue.

Please Register FREE here, it only takes a minute.

For further information, contact Ian at ian.cogswell@portlandadvisers.com or +44 20 7183 8214

cogswell, Energy, finance, knect, launch, net zero, portland, project, Project Finance, survey

Mar, 2021

By Nick Flitterman

Ian Cogswell to present at the 4th AAPG Geothermal Cross-Over Workshop

Ian Cogswell to present at the 4th AAPG Geothermal Cross-Over Workshop

The American Association of Petroleum Geologists (AAPG) is hosting a geothermal cross-over workshop to explore ways of harvesting the technical, environmental and commercial synergies between the oil & gas and geothermal sectors. The workshop will discuss experiences, best practices and knowledge on how to get the best from both the oil & gas sector and the geothermal sector, in order to both accelerate and improve the quality of the geo-energy transition.

On Day 3 of the event, during the session focussing on business synergies, Portland’s Ian Cogswell will present his thoughts on how Project Finance techniques used in the oil & gas sector can be applied to support the development of geothermal projects.

More details and the full workshop program can be found by clicking the link below.

AAPG Geothermal Crossover Workshop

For further information, contact Ian at ian.cogswell@portlandadvisers.com or +44 20 7183 8214

cogswell, Energy, finance, knect, launch, newsletter, project, Project Finance, siemens

Mar, 2021

By Nick Flitterman

Krauze gives his views on Digital Infrastructure financing trends

Jacek Krauze provides expert perspective on Digitial Infrastructure financing

Continuing Portland’s close relationship with the team at Proximo, Jacek Krauze – Portland’s lead on Digitial Infrastructure financing – offered his thoughts on the FTTH market and financing trends in the latest article covering this critical area of the telelcom infrastructure market. You can read the article by clicking on the link below.

Proximo Article – FTTH: Rocks and Roll Out

For further information, contact Jacek at jacek.krauze@portlandadvisers.com or +44 20 7183 8398

19, cogswell, constellations, covid, finance, Flitterman, gas, infrastructure, insurance, launch, oil, podcast, project, Project Finance, proximo, satellite, Telecom

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