Keith Martin, Partner, Chadbourne & Parke
Q: What was the North American project finance bank market in 2014 compared to 2013?
Tom Emmons, Managing Director, Head of Renewable Energy Finance, Americas, Rabobank, New York Branch
A: 2014 was a year of big growth for North American project finance. Volumes were up significantly – 45% from 2013 – $28 billion up to $41 billion. The U.S. was dominant, with 80% of that market. Canada had 15% and Mexico 5%. Sector wise, oil and gas was just under a half of the market, conventional power was about a quarter, and renewables was just under one quarter.
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