The International Comparative Legal Guide - Project Finance 2024: 13

Welcome to the 2024 edition of 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 2024, significant numbers of renewable energy projects will be
joined by a large number of electric vehicle battery giga-factory projects, green steel
projects, green hydrogen and ammonia projects, and in the mining sector, a number
of battery metals projects are likely to be closed. 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 20 different jurisdictions.
Adopting a Q&A format, the chapters address each legal system's approach to the
questions which are commonly encountered in the context of project financings. It also
includes two expert analysis chapters, which consider: Why the World Needs Project Bonds
(and of course project finance lawyers!); as well as ESG and how this impacts financing.
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 find it to be useful and insightful.