Renewables Debt
Any insight on the players in the renewables debt landscape ? Are these banks ? Funds ?
Any views on the career path to there ? Exits ? Comp? Anything would be helpful
thanks !
Majority of renewables debt will be undertaken by banks / non-bank lenders such as credit agencies as project finance (i.e. non recourse bank debt). Occasionally you can see corporate or portfolio deals. There are green credit funds - this is a bit more niche and difficult as typically fund investors will want higher returns than banks so they'll typically play in the more speculative space.
Career path - usually you can get into a project finance team as an analyst straight out of uni - though it is corporate. This space will also help if you're looking to go to a credit fund (again a bit more niche). Project finance professionals can often also swap sides to be the person originating the debt (i.e. project finance at a renewables developer which i did for several months before jumping to Renewables PE).
Comp would depend on market but would be less than IBD.
Brookfield and it's based in NYC
I just left a project finance heavy IB group and have gone to a renewables developer.
1.5 years out of college and I’m looking at 215k all in at the new spot.
Staying as an AN2 in my former group would have gotten me around 200k (if lucky with the bonus lol) (125k base + 75k bonus)
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