Currents is a podcast published by Norton Rose Fulbright that features in-depth discussions on the latest developments in project finance. The podcast is hosted by partner Todd Alexander, who interviews key business leaders and policy makers to investigate important trends affecting the energy and infrastructure space.
Ep185: Cost of Capital: 2022 Outlook
The year ahead looks like another strong year for financings, but with uncertainty around supply chains, inflation, potential tax law changes and import tariffs. The yield on the 10-year Treasury bond is up significantly so far in January, repeating a pattern early last year. The Federal Reserve is expected to start raising interest rates as early as March.
Listen to a discussion about what to expect in the year ahead for tax equity, bank and term loan B debt and project bonds, led by Keith Martin from Norton Rose Fulbright, among John C.S. Anderson, global head of corporate finance and infrastructure at Manulife, Jack Cargas, managing director and head of originations on the tax equity desk at Bank of America, Ralph Cho, global co-head of the power and infrastructure group at Investec, Max Lipkind, managing director and head of Americas leveraged finance origination at Credit Suisse, and Rubiao Song, managing director and head of energy investments at JPMorgan.
Ep184: Scaling the Next Generation of Sustainability
Katie McClain, partner at Energize Ventures, joins us to discuss the company’s investment approach. We get into what it looks for in clean energy and climate tech companies, how its approach differs from other funds, how Katie’s policy background shapes her personal investing thesis, the way decarbonization goals are shaping the clean energy economy and much more.
Ep183: Maximizing the Value of Renewable Real Estate Holding
Maria Klutey, president of Activate Renewables, joins us to discuss how the company’s business model maximizes the value of renewable real estate holdings. We get into the history and background of Activate, its competitive advantage, the advantage that comes with partnering with DESRI, the structures offered to landowners and developers, how much of a project’s capital stack it typically funds, challenges to the business moving forward and more.
Ep182: Vanadium Flow Batteries
Matt Harper, chief commercial officer at Invinity Energy Systems, joins us to explain vanadium flow batteries. We discuss the future of energy storage, how vanadium flow batteries differ from lithium-ion, what has held back vanadium flow so far, what’s next for Invinity and more.
Ep181: Intersect Power’s Approach and Latest Financing
Sheldon Kimber, CEO and co-founder of Intersect Power, joins us to discuss what he is seeing in the industry and talk about the company’s latest financing. We discuss Intersect’s interest in green hydrogen, how big of an impact tariffs are having on supply chain issues, the current tax equity market, Intersect’s $2.6B financing for construction and operations of a six-portfolio project, and more.
Ep180: Insuring Renewables
Maryann Johnson, senior managing director of property and energy claims at Beecher Carlson, Brian DiLuigi, senior vice president of alternative energy, and Alex Nephew, risk management and insurance advisor with Brown & Brown, join us to discuss the complexities of insuring renewables. We discuss the different capabilities Beecher Carlson and Brown & Brown have to help renewable energy companies, the types of coverage the insurance market has in place for solar and other renewables, some of the differences within the renewables industry relating to coverage and cost for asset owners, what has been happening in regard to losses and claims due to recent severe weather events, the differences relating to coverage and cost for solar asset owners, risk factors that dictate appetite and cost for carriers, what developers and asset owners should be doing to minimize their risk and cost, and more.