ABC Corporation, a global renewable energy company, plans to build a large wind farm in a developing country where access to financing is limited. The estimated cost of the project is $500 million, and ABC Corporation is seeking financing from international banks.

Required:

1. Explain the concept of project finance and its advantages for large-scale infrastructure projects like the wind farm.(ten marks)
2. Discuss the role that international banks can play in project finance, including the risks and benefits for both the banks and the project sponsors.(ten marks)