Renewable Energy IB Shops?
What are opportunities like for Infra in NY/SF? Any shops specifically focus on renewables?
Additionally, do those interview processes ask more sector specific technical questions or are they broad? I am considering these coverage sectors along with general IB positions.
+ clean technology*
Wells Fargo Renewable Energy and Environmental Finance
Bank of America Sustainable Finance
JP Morgan (has a renewable energy group, I can't remember the name)
The three banks above are the three big Tax Equity financing players.
Goldman Sachs Renewable Power
Macquarie Clean Energy Transition
Marathon Capital
Cohn Reznick
Raymond James Renewable Energy and Sustainable Investing
Societe Generale, Banco Santander, and BNP Paribas, HSBC, Truist are the other big ones I can think of. Most banks have renewable energy groups.
This is so many more groups than I thought, thank you
Ayy the Wells Fargo REEF group is chillin is SF. 120k base
Raymond James shouldn’t be on this list.
the French banks have most of their head count in project finance. Canadian banks have good power teams
most banks have a power team at this point. Truist and RJ are like tier 7 in all honesty - below the French banks
Credit Suisse has a good ESG energy group
Just to flag, think there is a bit of a distinction between if you want to do focus more on the renewable side more focused on projects vs. on the clean/climate tech side more on the start-up/growth side. Various amounts of crossover dependent on the group, but if you are wanting to target VC/GE in climate would argue that working within a group that gives you exposure to more typical business models / start-ups would be advantageous. The switch can be done but it’s a bit of a different animal vs. work closer to the P&U space.
Note that there's a difference between renewables M&A shops which have been listed above in this thread and then the project finance banks. The M&A banks run corporate and asset portfolio sales. The project finance banks provide construction and term debt financing for individual assets. If you want to be heavily involved at the asset level (ie. Looking at a particular solar/wind farm) you are best served at a PF bank. The leading PF Banks are European and Japanese.
PF Banks: SMBC, Mizuho, Santander, SocGen, Natixis, BNP, Credit Agricole, etc
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