engages this inquiry, and argues that the risk diffusion mechanisms native to project finance transactions work together to … undermine limits on risky behavior on the part of project sponsors and thereby lead to the externalization of risk. To remedy … this transactional failure, I recommend that three of the key risk-mitigation features of project finance - (1) non …

The growth of commercial-scale wind power generation has exposed a gap in the energy industry's toolset for risk … remains small and poorly integrated with the financing process. This incomplete market for risk can have a significant … through efficient risk reallocation. While the impact of risk transfer instruments varies by project and by contract type, our …

The study examines the essence of preliminary risk assessment in project finance; identifies the typical project risk … position in the midst of risk. The main purpose of conducting a preliminary risk assessment as part of the project finance … risk between the public and private sectors. The study revealed that the assessment of risk in the life-cycle of a project …

mandatory hedging requirements and for projects located in higher political risk jurisdictions. Results are robust to …

In project finance, risks are allocated to the parties best able to manage them. However, the risk mitigation … commercial risk mitigation instruments commonly used in project finance by private lenders and sometimes by equity investors. The … construction period, three main groups of instruments are used to mitigate risk: contractual arrangements and associated guarantees …