Infradebt | News & Updates

News & Updates

Infradebt news & updates

Mar 30
2 min

Easter Egg Hunt

Its Easter, so let’s start with a tale of an easter egg hunts. Imagine an easter egg hunt where each participant (child) has to...

Mar 30
4 min

Bitcoin and Electricity

Lots of people have opinions on Bitcoin and whether it is or isn’t a good investment, whether it is a tail-risk hedge asset or not, or...

Mar 30
4 min

Stranded assets?

We previously wrote in our September 2020 newsletter about the differences in interest rate sensitivity between perpetuities and...

Dec 17, 2020
2 min

Monopoly Behaviour

The construction of a new solar farm or wind farm often requires augmentation of the transmission network to connect the generator to the...

Dec 17, 2020
4 min

Energy wars – The final showdown

Infradebt has been closely following the renewable energy sector since our inception more than seven years ago (or 28 editions of this...

Dec 17, 2020
4 min

Low interest rates break standard risk measures

This article isn’t strictly about infrastructure, but is about the search for defensive yield – which is often one of the justifications...

Dec 17, 2020
3 min

2020 Seaports and Covid

Seaports, like airports, are considered high quality, low risk monopoly infrastructure assets. Both port types traded around 20x...

Oct 2, 2020
6 min

A gas lead recovery from Covid-19 – Pipe dream or Hot Air?

First apologies for the two dad jokes in the one headline – but how often do you get a chance like that😊! The past few weeks have seen a...

Oct 2, 2020
4 min

Covid-19 and infrastructure six months on

It was six months ago that team Infradebt was just settling into working from home and putting the finishing touches on our March quarter...

Oct 2, 2020
3 min

Duration discount rates and the grumpy views of a middle-aged man….

Over the past few years investors have become obsessed with the record low level of interest rates. Interest rates are the fundamental...

Oct 2, 2020
4 min

Chasing yield at the zero bound

A common analogy for a range of yield chasing strategies is “picking up pennies in front of a steam roller”. While this expression is...

Jul 6, 2020
9 min

Five Faces of Inflation

The unprecedented monetary response to Covid-19 has sparked a storm of commentary in the financial media (and Twitter) about whether...

Jul 6, 2020
5 min

Airports 2020 Q2

Airports are considered high quality, low-risk monopoly infrastructure assets. Prior to the onset of Covid-19 the trailing EV/EBITDAC of...

Jul 5, 2020
1 min

COVID-19 Charts

The last four months have been surreal to say the least. We have all felt some form of step change in our lives. But the nagging question...

Jul 5, 2020
5 min

Renewable Electricity Policy

The typical new solar or wind farm project has a forecast operating life of 25 to 30 years. In this context, when looking at the current...

May 27, 2020
4 min

Photon Energy to Add 14 MWp to its PV portfolio in Australia

· The Company has reached financial close for the construction of two PV power plants with a combined capacity of 14 MWp in Leeton, New...

Apr 4, 2020
4 min

This time is different

The saying goes that “This time is different” are the four most expensive words in finance! Well ignoring that – here goes – this is how...

Apr 3, 2020
3 min

Signposts

On the 23rd of January, while most of us didn’t know it, China locked down the entire province of Wuhan, and the world fundamentally...

Apr 3, 2020
4 min

Key risks – an infrastructure sectoral view

The COVID19 crisis and ensuing credit crunch will hit different assets in different ways. The intention of this article is to provide a...

Dec 17, 2019
2 min

IEF & CEFC finance Enerparc NSW Solar Farms

Infradebt and Enerparc Australia (Enerparc) are pleased to announce the close of a A$8.5 million senior debt facility for Enerparc’s Peak...

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