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First of all, renewable energy is typically going to be a subset of the Power & Utilities IB group. The best banks for renewable energy is going to be your usual large banks (GS, MS, Citi, Bar) since they have the lending relationship with many of the renewable energy developers / M&A teams. A few exceptions would be firms like Marathon Capital.
Second, nearly all entry level IB positions regardless of industry focus is going to be filled via the summer analyst program. If you missed the boat it will be VERY difficult to get in. This does not mean it is impossible. I personally know someone who was in industry and switched over to IB; this was an isolated instance where relationship was the primary driver.
Third, most entry level positions are going to be generalists within the power and utilities space. It may take a year or two to get placed in the specific niche of renewable. There will be exceptions as always (e.g. you had significant prior renewable experience or at a renewable-only group).
Hope this helps...
Great answer, couldn't have said it better.
Some banks do have dedicated clean tech and renewables groups but as mentioned already typically rolled up in other groups. Sometimes in industrials as well. Prior renewables experience not a requirement.
If IB shuts the door on you, there are also a lot of buyside and industry opportunities in the space. The sector is small, so demand may be small - however, I'm not sure it's oversupplied since a lot of people don't find that stuff sexy.
Renewable energy is pretty interesting since there are a lot of somewhat niche spaces that deal with renewable energy's tax benefits. I know a couple banks have dedicated renewable energy groups that focus on providing these sort of advisory and principal investing services. (I don't know how exactly the structure works, I just vaguely know it involves tax benefits and spaces for banks to be a principal investor.)
GE Capital was pretty involved in this space and a lot of their former employees are across the street now working for BBs doing the same thing they used to do. If you're really interested in renewable energy finance - as opposed to just banking - it might be worth looking into these sorts of spaces and positions.
OleBurnSides is most likely referring to tax equity. Tax equity modeling is an in demand skill and not a lot of people have it. Tax equity modeling is among the most complex models (monthly models, 35+ years, VBA, 30+ tabs). If you know your shit, you shouldn't have a problem joining a renewable group.
That was it. Did not know it was that in demand and complex however.
Good advice so far, I've already said my piece on this here:
http://www.wallstreetoasis.com/forums/renewable-energy-investment-banki…
GE is a good suggestion. They have a large group, hire a lot of young people, and train them well. In the energy space having GE EFS on your resume is equivalent to a BB.
I think Greentech Capital (http://greentechcapital.com) is a niche player
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