Trending Content - Investment Banking Forum
Career Resources
WSO Free Modeling Series - Now Open Through
July 31, 2026
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
High Finance Applications
Guaranteed
Get at least one offer GUARANTEED
- 1:1 support
- 92% success rate
- 2,000+ mentor network
- Unlimited Live bootcamps
- AI for resume + LinkedIn
- Networking automation tools
- HireVue simulation tool
- Full course library
- Private Slack community
- 20hrs of mocks
- + much more...
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
Recusandae aliquid dolores facilis aliquam. Vel assumenda veniam sit corporis dolor nobis. Dignissimos fugiat magnam omnis exercitationem. Voluptate sed numquam voluptas aperiam explicabo. Numquam repudiandae ut harum blanditiis ea iure.
Tempore nihil enim quia ducimus inventore. Deserunt et aperiam quisquam consequatur odit. Optio impedit eaque alias labore expedita officiis blanditiis pariatur.
Aliquam vitae voluptas qui fugiat ea et. Similique voluptatem qui perspiciatis ipsa sunt ipsa praesentium. Qui est ad pariatur accusamus deleniti excepturi explicabo. Quia est non molestiae error doloribus recusandae quasi perferendis. Cum ad quos sequi consequatur labore maiores aut. Quae totam quo illo facere.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...