Gitnux/Report 2026

Project Finance Industry Statistics

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Project Finance Industry Statistics
Samuel NorbergWritten by Samuel Norberg·Fact-checked by Maya Johansson
Published
How this report is researched
01Editorial Scope

Before any source is gathered, an editor locks the question, what qualifies, and how the piece will be judged.

02Source Research

Search agents collect the source set and pull each data point out with its provenance attached.

Read our full methodology →

Search agents attach provenance to every extracted figure.

Next review: within 39 days

01 Industry overview

The project finance industry at a glance

Global project finance remained large and concentrated in infrastructure: loans reached $207.5 billion in the first half of 2025, with power, telecommunications and transport among the principal funded sectors.

$207.5B
Global loans, H1 2025
433
Global transactions, H1 2025
54.4%
Americas loan share, H1 2025
50%
Power-sector loan share, H1 2025
Market size
Global project finance loans totaled $207.5 billion across 433 transactions in the first half of 2025, up 22.7% in value from $169.1 billion in the first half of 2024. The latest available first-quarter 2026 review recorded $102 billion across 184 transactions.[49]
Forecast & CAGR
No reliable long-term global project finance CAGR was identified. The latest quarterly data show $102 billion of loans in the first quarter of 2026, 4% above the first quarter of 2025 and the highest first-quarter volume in the prior decade.[49]
Market share & regions
In the first half of 2025, the Americas accounted for $112.8 billion, or 54.4%, of global project finance loans; EMEA represented $70 billion, or 33.7%; and Asia-Pacific and Japan represented $24.7 billion, or 12%.
Segmentation
Power was the largest sector in the first half of 2025 with $104 billion, or 50% of total loans, followed by telecommunications at $54 billion, transportation at $17 billion and oil and gas at $16 billion. In the first quarter of 2026, power, telecommunications and oil and gas together represented $93.4 billion, or 92% of global issuance.[49]
Trends, drivers & challenges
UNCTAD reported that international project finance deal numbers fell 11% and total value declined 8% in the first half of 2025, citing higher capital costs, geopolitical and economic uncertainty, and financing gaps. Domestic project finance performed better, with sponsor-led projects rising 39% in number and 29% in value.[70]
Regulation
India issued its Project Finance Directions, 2025, on June 19, 2025, establishing a harmonized framework for project finance by regulated entities across infrastructure and non-infrastructure sectors, including commercial real estate.[71]
Latest news
The 2026 global outlook identifies power generation as the core project finance market and highlights minority-interest transactions and emerging technologies as important themes. Separately, first-quarter 2026 project finance loans reached $102 billion, with telecommunications leading activity in the period.[34][49]

02 Ranking

Top 10 Companies in the Project Finance Industry

The leading companies in the project finance industry, ranked on market impact, performance, momentum, innovation and brand popularity.

Updated November 10, 2026 · Next review December 10, 2026

Verdict

MUFG leads Gitnux's 2026 project finance ranking with an Overall score of 9.3, with $15.868 billion North American project-finance MLA value in 2024. Sumitomo Mitsui Financial Group is the runner-up at 9.0, with 17.4% revenue growth signal across global project finance arranging and lending.

Ranked by Overall score · How we score ↓

Editor's top 3 picks

Where to start, by need.

  1. #1 Overall · Leader in project finance arranging

    MUFG

    JP

    Ranked #1 · 9.3 · Project finance arranging

    Why we picked it: It arranges global project finance and reported $15.868 billion North American MLA value in 2024.

    See in ranking ↓Visit mufg.jp ↗

  2. #2 overall

    Sumitomo Mitsui Financial Group

    JP

    Ranked #2 · 9.0 · Project finance arranging

    Why we picked it: It focuses on global project finance arranging and lending and shows 17.4% revenue growth.

    See in ranking ↓Visit smfg.co.jp ↗

  3. #3 overall

    Crédit Agricole

    FR

    Ranked #3 · 8.8 · Project finance arranging

    Why we picked it: It competes in global project finance and infrastructure lending, with top mandated lead arranger activity.

    See in ranking ↓Visit credit-agricole.com ↗

Pick 1 is the #1 company overall. No other segment places in the top 5, so picks 2 and 3 follow rank.

Full ranking

Sort by
Top 10 companies in the project finance industry, 2026 – Gitnux ranking
#CompanyOverall ↓Company snapshot
1

MUFG

Project finance arranging · JP

9.3
2

Sumitomo Mitsui Financial Group

Project finance arranging · JP

9.0
3

Crédit Agricole

Project finance arranging · FR

8.8
4

Santander

Project finance arranging · ES

8.7
5

Mizuho Financial Group

Project finance arranging · JP

8.6
6

ING Groep

Project finance arranging · NL

8.5
7

Société Générale

Project finance arranging · FR

8.5
8

Canadian Imperial Bank of Commerce

Project finance arranging · CA

8.3
9

Standard Chartered

Project finance arranging · GB

8.0
10

HSBC Holdings

Project finance arranging · GB

7.7

How we score

  • Impact (30%): scale and weight in the market (revenue, market share, employees, market position).
  • Performance (20%): recent revenue growth and operating margin; an analyst assessment where a company does not publish them.
  • Momentum (20%): growth trajectory and future potential.
  • Innovation (15%): R&D intensity and how technologically advanced the company is.

Popularity (brand search demand, 15%) counts toward Overall but is not published as a column. Overall leaves out what is not known.

Scale Scores are shown on a 7–10 scale with one decimal; bars start at 7.0.

Cadence Recalculated when new figures are published; next review December 10, 2026.

Independence. Rankings are editorially independent. Scores, ranks, picks and the verdict follow the method above; no company can pay to change them.

Cite this ranking

APA

Samuel Norberg. (2026, November 10). Top 10 companies in the project finance industry. In Project Finance Industry Statistics. Gitnux. https://gitnux.org/project-finance-industry-statistics/#top-companies

report visual · Projection

Global project finance deal value

Global project finance deal value grew from $448.7B in 2020 to $718.8B in 2023.

$448.7B
Start
+17.01%
CAGR · 3y
$718.9B
Projected
20202023
source-verifiedbankandfinance.net2023

04 Statistics

Technology & Innovation

Software adoption remains uneven: two-thirds of borrowers did not use portfolio/funds software in late 2024. Integration into one platform is rated important by 84% for 2026.

Automation in the project finance industry

  • Two-thirds of project finance borrowers did not use software solutions to manage funds and portfolios in late 2024.[1]
  • 63% of project finance respondents identified improved efficiency on manual tasks as a leading value proposition of project finance software in 2025.[1]
  • 40% of project finance respondents identified improved deal velocity as a leading value proposition of project finance software in 2025.[1]
  • 38% of project finance respondents expected their investment in software and technology to grow in 2025.[1]
  • 63% of project finance respondents said a strong digital strategy and technology stack was important to achieving their company’s goals in 2025.[1]
  • More than 60% of project finance software users relied on Microsoft and/or Google Suites to manage deals and portfolios in late 2024.[1]

Digital Transformation in the financial services sector (sector benchmark)

  • 43% of financial services firms said they will need an entirely new technology stack to succeed in the age of AI.[2]
  • 84% of financial services firms said integrating front-, middle- and back-office systems into one platform is important in 2026.[2]
  • 27% of financial services firms reported financial benefits from AI in 2026, up from 14% in 2025.[2]
  • 26% of financial services firms reported using agentic AI in 2026, according to a global digital-transformation study.[2]
  • 80% of financial services firms reported active AI use in 2026, up from 31% in 2025.[2]

Technology Adoption in the financial services sector (sector benchmark)

  • About one-third of financial services companies reported using generative AI by January 2025, compared with 21% a year earlier.[3]
  • 54% of surveyed financial services companies had deployed AI initiatives by January 2025, up from 40% one year earlier.[3]
  • 35% of financial institutions adopted or improved generative-AI capabilities during the 12 months covered by the 2024 survey.[4]
  • 59% of finance leaders reported using AI in their finance function in 2025, according to Gartner’s survey of 183 senior finance leaders.[5]
  • 61% of financial institutions recently adopted AI or improved their AI capabilities, based on a 2024 survey across 11 markets.[4]

Cloud Computing in the financial services sector (sector benchmark)

  • 87% of financial services firms increased cloud investment during the two years preceding LSEG’s 2025 global survey.[6]
  • 82% of financial services firms used a hybrid- or multi-cloud strategy in LSEG’s 2025 global survey.[6]
  • 43% of banking and financial services organizations were moving toward a cloud-first analytics approach in the WNS-Forrester survey.[7]
  • 91% of financial organizations had at least one cloud platform in 2023, up from 37% in 2020.[8]
  • 33% of financial services firms were highly satisfied with cloud-related reductions in operational costs in Capgemini’s 2024 survey.[8]

Big Data in the financial services sector (sector benchmark)

  • 18% of finance firms adopted big-data analytics in the OECD’s cross-country comparison; the European data refer to 2019.[9]
  • 43% of financial services firms had adopted customer-data platforms at least partially or were scaling them, based on Capgemini’s 2024 survey.[8]
  • 41% of surveyed bank marketers said their bank was already using data analytics to make decisions and achieve goals in 2024.[10]
  • 37% of surveyed bank marketers said their bank was on the way to using data and analytics to support strategic goals in 2024.[10]
  • 11% of surveyed bank marketers were very confident in the accuracy of the data they regularly used in 2024.[10]

IoT in the financial services sector (sector benchmark)

  • 20% of financial-services enterprises across all surveyed countries expected IoT to rank among their top-five digital-transformation spending areas during 2027–2030.[11]
  • 32.8% of respondents across all industries reported adopting IoT technologies, compared with 19.3% among financial services and insurance respondents.[12]
  • 19.3% of financial services and insurance respondents reported adopting IoT technologies in New Relic’s observability survey.[12]
  • 91% of financial-services enterprises across all surveyed countries were using IoT in 2024, including advanced, moderate or limited use.[11]

05 Statistics

Data & Analytics

Data fragmentation drives delays: 81% cited fragmented and inconsistently formatted data as a 2026 decision challenge. Only 5% of projects had fully automated data processing in 2022.

Business intelligence in the project finance industry

  • Projects with fully automated data processing were 1.6 times more likely to meet their objectives in 2022.[13]
  • BI-tool use among surveyed project-controls companies increased 9% year over year in 2022.[13]
  • BI-tool use in civil infrastructure increased 1.15 times in 2022 compared with 2021.[13]
  • 63% of project finance stakeholders identified improved efficiency on manual tasks as a leading value proposition of project finance software in 2025.[1]
  • Only 5% of surveyed projects had fully automated data processing in 2022.[13]
  • 27% of project finance lenders did not use software solutions to manage funds and portfolios in 2025.[1]

Data analytics in the project finance industry

  • 61% of capital-project organizations were already using or piloting AI in project and portfolio decisions in 2026.[14]
  • 15% of capital-project organizations described their data management as well integrated in 2026.[14]
  • 3% of capital-project organizations described their data management as highly mature in 2026.[14]
  • 62% of capital-project organizations described their decision-making approach as structured but delayed in 2026.[14]
  • 32% of capital-project organizations were piloting AI for project and portfolio decisions in 2026.[14]
  • 81% of capital-project organizations cited fragmented and inconsistently formatted data as their top decision-making challenge in 2026.[14]

Data Quality in the financial services sector (sector benchmark)

  • Across global financial services, 36% of organizations rated their data excellent for quantity and completeness in 2024.[15]
  • Across U.S. banking and capital markets, 86% of respondents named data access and usability as a top concern in 2024.[16]
  • Across global financial services, 34% of organizations rated their data excellent for accuracy and integrity in 2024.[15]
  • Across banks supervised by the European Central Bank, 28% reported that all data used by critical functions came from golden sources in 2023.[17]
  • Across significant European banking institutions, 32% did not apply data-quality-management principles to end-user computing in 2023.[17]
  • Across U.S. banking and capital markets, 94% of respondents named data accuracy and reliability as a priority in 2024.[16]

Data Governance in the financial services sector (sector benchmark)

  • Across financial-services organizations surveyed globally, 57.1% identified BI-content testing as the top future investment in analytics governance in 2025.[18]
  • Across global financial services, 54% of companies rated data governance at one of the two highest maturity levels in 2024.[19]
  • Across financial-services organizations surveyed globally, 82.9% had implemented governance policies specifically applying to business intelligence and analytics in 2025.[18]
  • Across 35 surveyed banks, insurers, and financial-services firms in 38 countries, 54% had adopted a semantic layer for organization-wide data governance in 2025.[20]
  • Across financial-services organizations surveyed globally, 43.7% lacked a standardized certification process for analytics content in 2025.[18]

KPIs in the project finance industry

  • 28% of surveyed projects did not meet their time objectives in 2022.[13]
  • Projects that did not benchmark project-controls data were 80% more likely to fail to meet objectives in 2022.[13]
  • Projects and portfolios were 3.8 times more likely to fail without fully integrated project-controls systems and processes in 2022.[13]
  • 10% of surveyed projects met all time objectives in 2022.[13]
  • 60% of surveyed projects met most time objectives in 2022.[13]
  • Projects and portfolios that spent 80% of their time analyzing data had a 74% success rate in 2022.[13]

06 Statistics

Strategy & Growth

Infrastructure finance shows rising counts, from 4,134 transactions in 2022 to 5,156 in 2024. Renewable energy led 2024 activity by value at $247 billion.

Growth in the project finance industry

  • Global infrastructure-finance transactions increased from 4,134 in 2022 to 5,156 in 2024.[21]
  • Power-sector project-finance loans in EMEA reached $110 billion in 2025, up from $71 billion in 2024.[22]
  • European project-finance financial closes totaled $225.1 billion in 2024.[21]
  • The World Bank PPI database covers more than 10,000 infrastructure projects reaching financial closure between 1984 and 2024.[23]
  • North American project-finance financial closes totaled $333.18 billion in 2024.[21]
  • Global project-finance deals totaled about $130 billion through the third quarter of 2024 according to Refinitiv data.[24]

Differentiation in the project finance industry

  • Non-renewable infrastructure led emerging-market blended-finance deals by value during 2013–2022.[25]
  • Latin America recorded the highest private-capital mobilisation ratio among emerging-market blended-finance infrastructure regions during 2013–2022.[25]
  • Facilities and bonds achieved the highest private-capital mobilisation ratios among the blended-finance instruments studied for 2013–2022.[25]
  • Each dollar of blended finance mobilised an average of $0.40 in private capital in emerging-market infrastructure deals during 2013–2022.[25]
  • Renewable energy represented $247 billion of 2024 global project-finance activity, making it the largest project-finance sector by value.[21]
  • Telecoms represented $156.11 billion of 2024 global project-finance activity, the second-largest sector by value.[21]

Mergers and acquisitions in the project finance industry

  • M&A represented 18.4% of global infrastructure P3 transaction count in 2024.[26]
  • BNDES ranked third among Latin American project-finance bond arrangers with $2.202 billion of transactions in 2024.[21]
  • BlackRock agreed to acquire Global Infrastructure Partners for $12.5 billion in 2024.[27]
  • Latin American infrastructure bond arrangers advised $10.05 billion of Itaúsa transactions in 2024.[21]
  • Global infrastructure P3 M&A totaled $8.735 billion across 45 transactions in 2024.[26]
  • Santander ranked second among Latin American project-finance bond arrangers with $3.63 billion of transactions in 2024.[21]

Strategic partnerships in the project finance industry

  • Renewable energy led blended-finance infrastructure deals by count during 2013–2022.[25]
  • Facilities and bonds produced the highest private-capital mobilisation ratios among blended-finance instruments during 2013–2022.[25]
  • The World Bank PPI database covers private-participation projects in 137 low- and middle-income countries through 2024.[23]
  • Sub-Saharan Africa attracted the most emerging-market blended-finance infrastructure deals during 2013–2022.[25]
  • Each dollar of blended finance mobilised $0.40 of private capital on average in emerging-market infrastructure deals during 2013–2022.[25]
  • The PPI database records private sponsors, private debt providers and development-bank support for infrastructure projects through 2024.[23]

07 Statistics

People & Workforce

Work-location flexibility remains high in finance: 52.5% of U.S. financial activities workers teleworked in June 2026. Project finance teams continue to tie change work to resourcing and transformation understanding.

Hiring in the project finance industry

  • 2 new hires were planned by BBVA for its Americas project finance team by year-end 2022, according to TXF.[28]
  • 100 young women from disadvantaged backgrounds entered One Search’s infrastructure-investment scholarship pathway in 2023.[29]
  • 3–4 years of increased focus on digital infrastructure by U.S. project-finance teams was reported by One Search in H1 2024.[29]
  • 4 open seats were reported in Crédit Agricole’s 20-person project finance team in 2022.[28]
  • 2 related talent pools—asset-backed securities and leveraged finance—were identified as active recruiting sources for digital-infrastructure project-finance teams in H1 2024.[29]

Employee retention in the project finance industry

  • Strong visible female leadership was reported as a decisive factor in securing sought-after female project-finance talent in North America in H1 2024.[29]
  • 20 employees made up Crédit Agricole’s project finance team while it had 4 open seats in 2022, indicating vacancies equal to 20% of the reported team size.[28]
  • 87% of leaders in infrastructure debt funds were men in North America in H1 2024, leaving 13% women.[29]
  • 75% of leaders in infrastructure project-finance banking teams were men in North America in H1 2024, leaving 25% women.[29]
  • 61% of project-finance banking employees at vice-president level and below were men in North America in H1 2024, leaving 39% women in the reported workforce.[29]

Remote Work in the financial services sector (sector benchmark)

  • 52.5% of workers in U.S. financial activities teleworked in June 2026, according to the Bureau of Labor Statistics.[30]
  • Across U.S. financial services, 82% of companies offered some form of work-location flexibility in 2025.[31]
  • 87% of U.S. financial services employees said remote work helped them balance home and work responsibilities in 2025.[19]
  • 68% of U.S. financial services workers said they would consider seeking new employment if remote and hybrid flexibility were reduced in 2023.[32]

Hybrid Work in the financial services sector (sector benchmark)

  • 52% of financial services companies used a structured hybrid model in early 2024, up from 41% in March 2023.[33]
  • 52% of financial services companies used a structured hybrid model in 2024, up from 41% in 2023, according to a survey of 777 companies.[33]
  • 82% of U.S. financial services firms offered some form of work-location flexibility in July 2025.[31]
  • 42.2% of remotely workable finance and insurance jobs were hybrid in July 2025 in the United States.[31]
  • 39% of financial services companies offered corporate employees full flexibility over work location in 2024.[33]

Upskilling in the project finance industry

  • 2 certificate-oriented project-finance learning pathways were listed by IPFA in 2025: Project Finance Fundamentals and Asset Management for Project Finance.[34]
  • 3 delivery stages were available in Project Finance Institute’s corporate training model: self-paced preparation, classroom training, and follow-up webinars in 2024.[35]
  • 3 training topics were most requested for team upskilling by IPFA members in 2025: technical skills, intermediate infrastructure and project finance, and ESG implementation.[34]
  • 2 business formats were offered by IPFA for project-finance training in 2025: online learning and in-person learning.[34]
  • 60+ hours of recorded webinar content were included in Project Finance Institute membership for project-finance professionals in 2024.[35]

Employee Engagement in the financial services sector (sector benchmark)

  • 31% of employees in the United States and Canada were engaged at work in 2025.[36]
  • 16% of employees worldwide were actively disengaged at work in 2025.[36]
  • 20% of employees worldwide were engaged at work in 2025, according to Gallup’s World Poll.[36]
  • 12% of employees in Europe were engaged at work in 2025.[36]

DEI in the project finance industry

  • 25% of private-equity mid-level movers were women in North America in H1 2024, according to One Search’s infrastructure and energy-transition finance report.[29]
  • 47% of investor-relations senior movers were women in North America in H1 2024, according to One Search’s infrastructure and energy-transition finance report.[29]

08 Statistics

Customer & Sales

Regional volumes moved into telecommunications: $86.81 billion of North American closes were in telecoms in 2024. MUFG reported $15.868 billion North American MLA value in 2024.

Customer experience in the project finance industry

  • $11.6 billion was Mizuho’s North American project-finance advisory value in 2024.[21]
  • $56 billion was Latham & Watkins’ North American project-finance legal-advisory value in 2024.[21]
  • $15.868 billion was MUFG’s North American project-finance MLA value in 2024, ranking it first among arrangers.[21]
  • $42 billion was Paul Hastings’ North American project-finance legal-advisory value in 2024.[21]
  • $12.8 billion was MUFG’s North American project-finance financial-advisory value in 2024.[21]

Customer retention in the project finance industry

  • $20.6 billion was committed to transport infrastructure across 38 projects with private participation in 2024.[23]
  • 324 infrastructure projects with private participation reached financial closure in low- and middle-income countries in 2023.[23]
  • $799.16 billion of global project-finance loans reached financial close in 2024.[37]
  • $10.5 billion was committed to information and communication technology infrastructure across 32 projects in 2024.[23]
  • $100.7 billion of private infrastructure investment commitments were recorded in low- and middle-income countries in 2024.[23]

Customer acquisition in the project finance industry

  • $3.4 billion of the Asian Development Bank’s 2024 long-term cofinancing came from project cofinancing.[38]
  • $2.6 billion of financing was committed by the Asian Development Bank’s private-sector operations in 2024.[38]
  • $3.6 billion of long-term cofinancing with private partners was mobilized by the Asian Development Bank in 2024.[38]
  • $8 billion was the Asian Development Bank’s total private-sector commitments including programs, projects and cofinancing in 2024.[38]
  • 30% was BBVA’s project-finance market share in Mexico in 2024.[39]

Customer loyalty in the project finance industry

  • $3.871 billion was JPMorgan’s North American project-finance MLA value in 2024, versus $3.283 billion in 2023.[21]
  • $4.697 billion was Santander’s North American project-finance MLA value in 2024, versus $5.761 billion in 2023.[21]
  • $15.868 billion was MUFG’s North American project-finance MLA value in 2024, versus $13.066 billion in 2023.[21]
  • $5.985 billion was Société Générale’s North American project-finance MLA value in 2024, versus $6.086 billion in 2023.[21]
  • 15 consecutive years was MUFG’s run as the number-one project-finance bank in the Americas through 2024.[40]

Lead generation in the project finance industry

  • $229.210 billion was the value of global project-finance deals in the second half of 2020.[41]
  • $368.197 billion was the value of global project-finance deals in the first half of 2023.[41]
  • $350.610 billion was the value of global project-finance deals in the second half of 2023.[41]
  • $306.252 billion was the value of global project-finance deals in the second half of 2022.[41]
  • $353.333 billion was the value of global project-finance deals in the first half of 2022.[41]

09 Statistics

Marketing & Brand

Creator and influencer budgets shifted in 2026: 60% of financial-services marketers reported dedicated and growing budgets. Some 23% reported dedicated but flat budgets.

Influencer Marketing in the financial services sector (sector benchmark)

  • 23% of financial-services marketers reported dedicated but flat budgets for creator or influencer marketing in 2026.[42]
  • 5% of financial-services marketers reported dedicated but shrinking budgets for creator or influencer marketing in 2026.[42]
  • 60% of financial-services marketers reported dedicated and growing budgets for creator or influencer marketing in 2026.[42]
  • 37% of banking executives in a survey of 102 finance respondents recognized influencer marketing as a potent tool for authentic consumer connections in 2023.[43]
  • 7% of financial-services marketers reported folding creator or influencer marketing into other channels rather than maintaining a dedicated budget in 2026.[42]

10 Statistics

Operations & Execution

Execution timelines remain a cost driver: 35% was the average overrun from approval to completion for comparable Australian publicly procured projects in 2007. ADB recorded 7,556 contracts awarded in 2024.

Process optimization in the project finance industry

  • 35% was the average overrun from original approval to final completion for comparable Australian publicly procured projects in 2007.[25]
  • 13% was the average time overrun from original approval to final completion for Australian PPP projects in one 2007 study.[25]
  • More than one-third of project-finance professionals spent at least five hours per week on data management in 2024.[1]
  • 24% was the average time overrun from contract signing to final completion for comparable Australian publicly procured projects in 2007.[25]
  • 26% was the average time overrun from original approval to final completion for comparable Australian publicly procured projects in 2007.[25]

Operational efficiency in the project finance industry

  • $77.558 billion of global infrastructure P3 transactions were financed in 2024.[26]
  • 46 infrastructure P3 refinancing transactions were recorded globally in 2024.[26]
  • $10.82 billion was the value of active ADB projects using electronic government procurement across Asia and the Pacific in 2024.[38]
  • 68 procurement complaints were registered under ADB-financed projects in 2024.[38]
  • 7,556 contracts were awarded under ADB-financed investment projects in Asia and the Pacific in 2024.[38]

Quality management in the project finance industry

  • 1.4% was the average time overrun from contract signing to final completion for Australian PPP projects in a 2008 review.[25]
  • 18% was the average overrun from contract signing to final completion for comparable Australian publicly procured projects in 2008.[25]
  • 15% was the average time overrun from original announcement to final completion for comparable Australian publicly procured projects in 2008.[25]
  • 17% was the average time overrun from original announcement to final completion for Australian PPP projects in a 2008 review.[25]
  • 20% was the average overrun from budget approval to final completion for comparable Australian publicly procured projects in 2008.[25]

Supply chain in the project finance industry

  • 29 procurement complaints concerned borrower-administered procurement under ADB-financed projects in 2024.[38]
  • 7,556 contracts were awarded through ADB-financed investment projects in Asia and the Pacific in 2024, covering works, goods, consulting and related services.[38]
  • 53 ADB business-opportunity outreach seminars were held in 2024 to connect suppliers and project participants.[38]
  • 107 greenfield infrastructure P3 projects were financed globally in 2024.[26]
  • $10.82 billion was the value of active projects using ADB electronic government procurement across Asia and the Pacific in 2024.[38]

Outsourcing / Offshoring in the financial services sector (sector benchmark)

  • Among significant European banks, 67% of outsourcing contracts were sub-outsourced to external service providers in the 2024 analysis.[17]
  • Among significant European banks, 27% of critical ICT contracts were outsourced to external providers located outside the European Union in the 2024 analysis.[17]
  • Across surveyed finance organizations, 64% were implementing or evaluating offshoring or nearshoring for finance operations in 2026, while 36% planned to remain fully U.S.-based.[44]
  • Across surveyed finance organizations, 17% were evaluating nearshore locations for future operations in 2026, compared with 13% evaluating offshore locations.[44]
  • Among significant European banks, outsourcing services accounted for 7.2% of administrative expenses at year-end 2023, up from 6.8%.[17]

11 Statistics

Finance & Pricing

Pricing references remain anchored around rates and spreads: SOFR base lending discussed at 5.3–5.4% for U.S. project-finance transactions in 2024. Debt tenor for 100 MW solar PV was 15–20 years in Brazil.

Pricing strategy in the project finance industry

  • 5.3–5.4% was the SOFR base lending rate discussed for U.S. project-finance transactions in the 2024 cost-of-capital outlook.[24]
  • 40 basis points lower were Europe’s project-finance loan margins than comparable margins elsewhere over the measured period, according to AEW Research.[45]
  • 1–2% over LIBOR was the typical interest margin for international project-finance loans, according to a project-finance reference source.[46]
  • 1.8–2.0 times P50 revenue was the coverage ratio cited for a merchant wind project in a U.S. project-finance pricing discussion.[24]
  • 10.0–12.0% was the all-in cost of debt for a 250 MW gas project in Brazil in the IEA’s 2024 survey.[47]

Cost reduction in the project finance industry

  • 50% or more of project cost could be covered by parent-company guarantees sought from promoters and EPC contractors in larger projects.[25]
  • 30% of winning-bidder PPP costs at financial close were internal costs, while 70% were external costs.[25]
  • 25–30% was the share of solar PV levelised electricity costs attributable to financing in advanced economies and China in 2021.[47]
  • 55% of bid costs for social-infrastructure PPPs were incurred by the winning bidder before preferred-bidder selection.[25]
  • 40% was the internal-cost share of winning-bidder PPP costs through the preferred-bidder stage.[25]

Profitability in the project finance industry

  • 11.5–12.5% was the minimum equity IRR for 100 MW solar PV project finance in Mexico in the IEA’s 2024 survey.[47]
  • 8.5–11.0% was the 2022 weighted average cost of capital range for utility-scale solar PV projects in sub-Saharan Africa cited in Mozambique’s energy-policy review.[47]
  • 10.0–11.0% was the minimum equity IRR for a 250 MW gas project in Mexico in the IEA’s 2024 survey.[47]
  • 12.0–14.0% was the minimum equity IRR for 100 MW solar PV project finance in India in the IEA’s 2024 survey.[47]
  • 20% was the estimated weighted average cost of capital for some Mozambique investments when concessional capital is unavailable.[47]

Financial planning in the project finance industry

  • 15–20 years was the debt tenor for 100 MW solar PV project finance in Brazil in the IEA’s 2024 survey.[47]
  • 25–30% was the usual equity share for commercial infrastructure financed on a project-finance basis in a World Bank infrastructure-finance reference.[48]
  • 15–20 years was the debt tenor for a 250 MW gas project in Mexico in the IEA’s 2024 survey.[47]
  • 20–24 years was the debt tenor for a 250 MW gas project in Brazil in the IEA’s 2024 survey.[47]
  • 70–95% was the typical debt share of total finance in many non-recourse PPP project-finance structures.[25]

12 Statistics

Product & Service

First-quarter 2026 global volume reached $102 billion across 184 transactions. In 2024, North American renewable energy closes totaled $109.88 billion, 32.74% of regional activity.

Product development in the project finance industry

  • $86.81 billion of North American project-finance closes were in telecommunications in 2024.[21]
  • 1,944 global project-finance transactions reached financial close in 2024, compared with 1,711 in 2023.[21]
  • $109.88 billion of North American project-finance closes were in renewable energy in 2024, equal to 32.74% of regional activity.[21]
  • $102 billion of global project-finance loans were arranged across 184 transactions in the first quarter of 2026, the highest first-quarter volume in a decade.[49]
  • Americas project-finance loans reached $56.9 billion across 92 transactions in the first quarter of 2026, up 17% year on year.[49]

Product lifecycle in the project finance industry

  • 40% of Ocorian’s 2026 infrastructure-debt survey respondents were heads of project finance or structured finance.[50]
  • 75% of Ocorian’s 2026 infrastructure-debt survey respondents were on the investment side and 25% were borrowers.[50]
  • $36.93 billion of North American project-finance refinancing closed in 2023, before rising to $79.89 billion in 2024.[21]
  • 1.65% was the average default rate for EIB project-finance exposure over the 1994–2024 observation period.[51]
  • 82.5% was the average recovery rate for senior-unsecured EIB lending after default over the 1994–2024 observation period.[51]

After-sales in the project finance industry

  • 61% of IFC advisory projects demonstrated high implementation and supervision work quality in FY2020–22.[52]
  • 86% of IFC advisory projects delivered their direct products and services to clients as expected in the FY2020–22 evaluation cohort.[52]
  • 58% of IFC public-private-partnership advisory projects were rated successful or better in FY2020–22.[52]
  • 49% of IFC advisory projects received satisfactory-or-better preparation and design work-quality ratings in FY2020–22.[52]
  • 54% of IFC advisory projects achieved satisfactory-or-better outcomes by completion in FY2020–22.[52]

Value proposition in the project finance industry

  • 93.6% was the average recovery rate on senior-secured EIB lending after default over 1994–2024.[51]
  • 1.65% was the average EIB project-finance default rate over 1994–2024, supporting project finance’s credit-risk value proposition.[51]
  • 83% above the baseline was the potential increase in annual blended-finance volumes by 2028 under Convergence’s 1:8 leverage growth scenario.[53]
  • 27% of project-finance lenders surveyed by Banyan did not use software solutions to manage funds and portfolios in 2025.[1]
  • 38% of project-finance software survey respondents expected their investment in software and technology to grow in 2025.[1]

13 Statistics

Sustainability & Ethics

Credit outcomes vary by green-tag status: the 10-year cumulative default rate for green-energy loans was 1.7% (originating 1983–2020). Recovery averages reported included 70% ultimate recovery for green-tagged infrastructure in low- and middle-income countries.

Sustainability in the project finance industry

  • 5.9% was the 10-year cumulative default rate for non-green-tagged infrastructure project-finance loans in low- and middle-income countries, for loans originating from 1983–2020.[25]
  • 91.1% was the global average recovery rate for conventional-energy project-finance loans originating from 1983–2020.[25]
  • 70% was the average ultimate recovery rate for green-tagged infrastructure project-finance loans in low- and middle-income countries, for loans originating from 1983–2020.[25]
  • 1.7% was the global 10-year cumulative default rate for green-energy project-finance loans originating from 1983–2020.[25]
  • 3.4% was the 10-year cumulative default rate for green-tagged infrastructure project-finance loans in low- and middle-income countries, for loans originating from 1983–2020.[25]

ESG in the project finance industry

  • 79% of banks reported targets for sustainable or transition financing in the 2024 reporting cycle.[54]
  • 85% of banks disclosed green, social or sustainability-linked bonds among their sustainable-finance instruments in the 2024 reporting cycle.[54]
  • 42% of banks disclosed sustainable investment funds among their sustainable-finance instruments in the 2024 reporting cycle.[54]
  • 1.9% was the average current sustainable-financing exposure as a percentage of total bank assets in the 2024 reporting cycle.[54]
  • 28 project-finance transactions reached financial close at Crédit Agricole CIB during its 2024 Equator Principles reporting period.[55]

Ethics in the project finance industry

  • 20%–30% of public-infrastructure project value is a widely cited estimate of losses attributed to corruption, although the estimate has methodological limitations.[56]
  • 27,264 private-participation infrastructure projects in 114 countries were examined in a study linking corruption with project-failure risk.[57]
  • 44% of public and private climate-finance funding sources were subject to integrity controls in countries with strong regulatory frameworks.[58]
  • 7,169 infrastructure projects with private participation across 117 countries were analyzed for corruption-linked offshore-account activity.[59]
  • $450 million was the reported loss from irregularities involving falsified documents and inflated costs in South Korean solar projects.[58]

Circular economy in the project finance industry

  • 47% of respondents identified helping clients find and implement circular opportunities as finance’s primary role in the circular transition.[60]
  • $350 billion had been dedicated to circular-economy financing globally since 2019, based on data collected in 2024.[60]
  • 4% of respondents identified contributing to circular-economy data collection as finance’s primary role in the circular transition.[60]
  • $6.6 billion was the value of public-equity funds dedicated to circular-economy activities in 2023, up from $0.3 billion in 2019.[60]
  • More than 13-fold growth occurred in the number of sovereign bonds associated with circular-economy financing between 2019 and 2023.[60]

Carbon footprint in the project finance industry

  • 47,515 tonnes of Scope 1 financed emissions were reported for Metrics’ project-finance portfolio in calendar year 2021.[61]
  • 367 tonnes of Scope 2 financed emissions were reported for Metrics’ project-finance portfolio in calendar year 2021.[61]
  • 4,307 tonnes of Scope 2 financed emissions were reported for Metrics’ project-finance portfolio in calendar year 2022.[61]
  • 29% of global clean-energy project-finance flows went to emerging markets in 2024, leaving 71% concentrated in advanced economies.[62]
  • 37,952 tonnes of Scope 1 financed emissions were reported for Metrics’ project-finance portfolio in calendar year 2022.[61]

15 Statistics

Globalization & Expansion

Regional performance diverged: Africa recorded 8% growth in international project finance value in 2024. Asia saw a 43% lower international project finance value in 2024.

Globalization in the project finance industry

  • 8% growth in international project finance value was recorded in Africa in 2024, making it the only region with an increase.[70]
  • $22.8 billion was the estimated cost of the CK Hutchison Ports Acquisition project in Panama, the largest international project finance deal announced in 2025.[70]
  • $20 billion was the estimated cost of the Stargate UAE artificial-intelligence data-center project announced in 2025.[70]
  • 16% fewer international renewable-energy project finance deals were recorded globally in 2024, with project value also falling 16%.[70]
  • 43% lower international project finance value was recorded in Asia in 2024, one of the largest regional declines.[70]

Distribution channels in the project finance industry

  • 4% growth in global project finance loan value was recorded in the first quarter of 2026 compared with the first quarter of 2025.[49]
  • $102 billion of global project finance loans were arranged across 184 transactions in the first quarter of 2026.[49]

Key questions about the project finance industry

What is the current size of the global project finance market?
Global project finance loans totaled $207.5 billion across 433 transactions in H1 2025. The first quarter of 2026 recorded $102 billion across 184 transactions.
How is the market changing across recent periods?
Global loans were $207.5B in H1 2025, up 22.7% from $169.1B in H1 2024. The latest quarterly data show $102B in Q1 2026, 4% above Q1 2025.
Which companies lead the project finance industry?
MUFG leads Gitnux's 2026 project finance ranking with an Overall score of 9.3, with $15.868 billion North American project-finance MLA value in 2024. Sumitomo Mitsui Financial Group is the runner-up at 9.0, with 17.4% revenue growth signal across global project finance arranging and lending.
What technology shifts matter for project finance teams?
Two-thirds of borrowers did not use software solutions to manage funds and portfolios in late 2024. In 2025, 63% of respondents cited improved efficiency on manual tasks and 40% cited improved deal velocity as leading value propositions.
How is deal activity structured and where is it concentrated?
In H1 2025, the Americas accounted for $112.8 billion (54.4%) of global project finance loans. Power led sectors with $104 billion (50%) of total loans.
Which recent regulation may affect project finance operations?
India issued its Project Finance Directions, 2025, on June 19, 2025, establishing a harmonized framework for project finance by regulated entities across infrastructure and non-infrastructure sectors, including commercial real estate.
Reference

Cite This Report

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APA
Samuel Norberg. (2026, November 10). Project Finance Industry Statistics. Gitnux. https://gitnux.org/project-finance-industry-statistics
MLA
Samuel Norberg. "Project Finance Industry Statistics." Gitnux, 10 Nov 2026, https://gitnux.org/project-finance-industry-statistics.
Chicago
Samuel Norberg. 2026. "Project Finance Industry Statistics." Gitnux. https://gitnux.org/project-finance-industry-statistics.

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