Full Description
Welcome to the 2025 edition of the ICLG - Project Finance. As the Contributing Editor,
I am absolutely delighted to introduce the latest edition of this comprehensive global
guide to international project finance.
Notwithstanding the ongoing global macroeconomic challenges, project finance
activity has continued strongly across the world, with some remarkable projects
achieving financial close over the last year. With much of the world focused on the
Energy Transition, there is huge pent-up demand for the financing of energy and
infrastructure projects. In 2025, significant numbers of renewable energy projects
will be joined by a large number of electric vehicle battery giga-factory projects, green
steel, green aluminium, green cement, green hydrogen and ammonia projects, and in
the mining sector a number of battery metals projects are likely to be closed. We have
also seen an explosion of data centre and chip manufacturing projects, which will
likely be driven by the huge expansion of the application of Artificial Intelligence (AI).
By and large, the legal profession has responded well to the changes in the market
and has continued to facilitate the development and financing of billions of dollars of
projects, whilst assisting clients to overcome many additional complex issues arising
from the higher interest rate environment.
Like the prior editions, this guide provides valuable guidance and insights into the
complex legal issues that arise in the context of project financings in 15 different jurisdictions.
Adopting a Q&A format, the chapters address each legal system's approach
to the questions that are commonly encountered in the context of project financings.
It also includes one expert analysis chapter, which considers 'Why the World Needs
Multi-Sourced Project Financings' (and of course project finance lawyers!).
I am truly honoured to be part of this group of distinguished specialists to provide
this authoritative guide, and I would like to thank all contributors for sharing their
deep knowledge and expertise. I very much hope that you enjoy consulting the Guide
and that you will find it to be useful and insightful.
Contents
Why the World Needs Multi-Sourced Project Financings (and Project Finance Lawyers...)
John Dewar, Milbank LLP
Cyprus
Stella Strati & Stylianos Trillides, Patrikios Legal
Finland
Mariella Både-Landell, Jonathan Westerlund,
Iikka Väänänen & Albert Ulenius, Dottir Attorneys Ltd
Germany 102
Dr. Wolfgang Kotzur, Stephan Müller,
Dr. Nefail Berjasevic & Marc Krischer,
Oppenhoff & Partner
Ghana
NanaAma Botchway & Achiaa Akobour Debrah,
N. Dowuona & Company | ALN Ghana
Greece
Panagiotis (Notis) Sardelas, Konstantina (Nantia)
Kalogiannidi & Katerina Limnaiou,
Sardelas Petsa Law Firm
Japan
Eiji Sakai & Yu Yoshizawa, Anderson Mōri & Tomotsune
Kenya
Pamella Ager & James Kituku, Oraro & Company
Advocates
Netherlands
Tom Ensink & A 8 rjen van de Belt, Ploum
New Zealand
Bevan Peachey & Tom Hunt, Russell McVeagh
Peru
Luis Miguel Elias, Rebaza, Alcázar & De Las Casas
Switzerland
Daniel Hayek & Mark Meili, Prager Dreifuss Ltd.
Taiwan
Robin Chang & Andrea Chen, Lee and Li,
Attorneys-at-Law
United Kingdom
John Dewar, Jenna Darler & Archie Knight,
Milbank LLP
USA
Daniel J. Michalchuk & Micaela McLean, Milbank LLP
Zimbabwe
Farai Mushoriwa, Mwanatsa Masona &
Isheanotida Chikaka, Mushoriwa Moyo
