MUFG Sees Strong Rebound in North American Project Finance Led by Renewables, with Swelling Infrastructure Funds

Project finance in the United States has staged a vigorous recovery— aided by the ability of banks to provide liquidity, low funding costs, and a more liquid bond market—since the initial dampening effect of the COVID-19 pandemic, according to the Project Finance team at Mitsubishi UFJ Financial Group (MUFG).The team delivered its remarks at a virtual MUFG media roundtable last week to discuss the current state of project finance with reporters and editors. The roundtable featured Erik Codrington, Head of Project Finance in the Americas; Nanda Kamat, Head of Americas Infrastructure; Alex Wernberg, Head of U.S. Power; and Ralph Scholtz, Head of Project Finance in Latin America.