A Practical Guide to Project Finance

Project finance has become an indispensable long-term financing tool for large and complex infrastructure and energy projects around the world. A Practical Guide to Project Finance offers a timely and comprehensive blend of in-depth legal and financial knowledge, practical insights, and real-world relevance. This book distils decades of hands-on expertise into an indispensable resource. Written by leading experts from SOCAR Türkiye and international law firms, with the support of experienced financial advisers, the book navigates through the full lifecycle of project finance: from early bankability assessments and risk allocation to financial modeling, legal structuring, ESG compliance, and negotiation of project and financing documentation all the way to financial closing. Through detailed case studies, including the STAR Refinery and Uz-Kor’s Surgil gas-to-petrochemicals project in Uzbekistan, it reveals the lessons learned in structuring resilient, bankable, and innovative projects. The book also contains up-to-date market data from global project finance deal league tables compiled by PFI/LSEG. As the global infrastructure and energy investment and financing landscape shifts toward energy transition, sustainable finance, and digital infrastructure, this guide equips readers not only to understand current practices but to prepare for future transactions. Whether you’re a finance professional, policy-maker, lawyer, student, or project developer, this book provides the tools to build the sustainable foundations and join the negotiations of complex project financings with confidence and clarity. More than a textbook, this is a strategic companion for raising long-term financing and shaping the future of infrastructure and energy projects worldwide.