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RESEARCH LAB
This is an exclusive space where we provide access to research, market intelligence, and expert insights on infrastructure investment, regulation, and financial modeling.
Executive summary: Britain’s water‑supply “megaprojects” are arriving: 30 schemes with ~£50bn of lifetime spend, most to be let via...
Choice of major water project regulation impacts required equity returns by 220-320bps
19/08/25
CAPM: a 1960s relic still steering today’s £200 bn UK infrastructure. Regulators continue to fix allowed returns with the Capital Asset...
Using CAPM to regulate infrastructure: A critique
01/08/25
Ofgem’s RIIO-3 Draft Determinations, released on 1 July 2025, set out headline cost-of-equity allowances. But the CAPM methodology to...
RIIO-3 Draft Determination: Step-by-step guide to calculating Cost of Equity
31/07/25
In 2015, the Thames Tideway Tunnel cleared at roughly 4% real Cost of Equity (CoE); this month, fresh capital for Sizewell C was priced...
Water DPC projects may require 9.2-9.6% Cost of Equity
30/07/25
Vallorii’s July roundtable convened investors, utilities, and regulators to examine how market shifts and project-specific risks are...
Roundtable July 23: Pricing risks in large infrastructure projects
24/07/25
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