portland Archives

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

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, 2020

By Nick Flitterman

Portland’s service during COVID-19 pandemic

Our thoughts are with our clients located in the UK and around the world at this difficult time.

We are focused on the health and safety of our consultants as well as fulfilling our commitment to you, our clients. The Portland team will continue to work on a remote basis, available as normal by email, phone, conference call and skype. You can continue to use the same contact details. These arrangements should not adversely affect the service we provide on our ongoing assignments, where we will continue to place the same emphasis on timely response times.

Furthermore, we have put in place contingency planning to ensure that we can provide an uninterrupted service in all circumstances.

Best wishes to you and your families.

Geoff Knox

Nick Flitterman

Frauke Bialokoz

Managing Partners, Portland Advisers

Advisers, Advisors, corona, coronavirus, covid, portland, service

Jan, 2018

By Nick Flitterman

Portland Wins PFI Award

Portland Wins PFI Award

The $4.6 billion debt financing for the Coral South FLNG project, where Portland acted as ECA Advisor to the export credit agencies, has been awarded “2017 Middle East & Africa Oil & Gas Deal of the Year” by Project Finance International.

Portland advised Bank of China, China Development Bank, China Eximbank, ICBC, KEXIM, KSURE, SACE and BPI (COFACE).

To discuss this further, contact Geoff Knox on +44 20 7183 8387 or geoff.knox@portlandadvisers.com

award, Coral, Energy, FLNG, knox, PFI, portland

Nov, 2017

By Nick Flitterman

Coral South FLNG Closes

Coral South FLNG Closes

Financial close on the landmark $4.6 billion debt financing for the Coral South FLN project reached financial close yesterday.

Portland acted as ECA Advisor to Bank of China, China Eximbank, ICBC, KEXIM, KSURE, SACE and BPI (COFACE).

The project is an gas production and liquefaction development based on a floating LNG vessel offshore Mozambique. Project sponsors are Eni, CNPC, Kogas, GALP and ENH.

The project comprises the development of an offshore gas field connected to a floating gas processing, LNG liquefaction, storage and offloading vessel located above the field with a capacity of 3.5 million tonnes per annum.

To discuss this further, contact Geoff Knox on +44 20 7183 8387 or geoff.knox@portlandadvisers.com

or James Benbow on +44 20 7183 8389 or james.benbow@portlandadvisers.com

benbow, Coral South, ECA, FLNG, knox, portland

Nov, 2017

By Nick Flitterman

Portland on the BBC – Global Trade in Footballers

Portland on the BBC – Global Trade in Footballers

Following the summer of inflated transfer fees including the $260m sale of Neymar, the BBC interviewed Portland’s Head of Stadium Finance, Harry Philp on his views of the global business of football.

See the full article by clicking here.

For further information on stadium finance and sports advisory services, contact Harry directly on +44 20 7183 8392 or harry.philp@portlandadvisers.com

bbc, chinese, fees, football, harry, neymar, Philp, portland, Stadium, transfer

May, 2017

By Nick Flitterman

Portland & OCTP in the press

Click on the link below for the PFI 2017 Global Energy Report article summarising the OCTP transaction for which Portland Advisers acted as Financial Advisor to UKEF.

OCTP Transaction Summary – PFI 2017 Global Energy Report

For further information contact Geoff Knox on +44 20 7183 8387 or geoff.knox@portlandadvisers.com

Energy, ghana, knox, OCTP, Philp, portland, UKEF

Feb, 2017

By Nick Flitterman

Portland Wins PFI Award

Portland Wins PFI Award

The $1.4 billion financing for the Offshore Cape Three Points project, where Portland acted as Financial Advisor to UK Export Finance, has been awarded “2016 African Oil & Gas Deal of the Year” by Project Finance International. The picture shows the UKEF and Portland team at the Awards Dinner at which the award was presented.

From left to right: Oliver Irwin (Milbank), Iain Hackston, Margaret Eyres (UKEF), Joe Shephard (UKEF), Keith O’Donnell, Frauke Bialokoz, Tim Loy (UKEF), David Craig (UKEF), Geoff Knox and Richard Simon-Lewis (UKEF).

Advisory, Africa, award, bialokoz, Energy, hackston, knox, Milbank, OCTP, odonnell, PFI, portland, Project Finance, UKEF

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