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Currents

Latest episodes

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Oct 15, 2018 • 25min

Ep41: M&A Due Diligence

Ken Elser of DNV GL joins us to discuss when a company contemplating an M&A transaction should approach an independent engineer, the different methods DNV GL takes in buy-side vs. sell-side transactions, the top three things that drive the value of an M&A transaction, where he sees the market going in the next six to 12 months, how DNV GL can help, and more.
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Oct 3, 2018 • 32min

Ep40: Emerging Energy Infrastructure Opportunities

Ren Plastina of Investec joins us to talk about energy storage and electric vehicles and how to be a first mover in both markets. He gets into energy storage from standpoint of a lender, what is going in the market and whether lenders are seeing deals that can actually be financed, as well as how the traditional project finance model can be used for EV charging infrastructure, a market that is still in the formative stages.
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Sep 25, 2018 • 28min

Ep39: Interview with an Industry Veteran: Steven Greenwald

Steven Greenwald, senior advisor and former head of project finance with Credit Suisse, reflects on a rich 39-year history in the project finance industry. Steve shares what led him to become an investment banker, the secret to his longevity, how he has seen the business evolve, common mistakes to avoid and more.
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Sep 17, 2018 • 39min

Ep38: The Future of Energy Storage

Michael Kleinberg, head of distributed energy resources and energy storage at DNV GL, joins us to talk all things energy storage. He shares an update on current technology trends of lithium ion, the cost environment, how projects are priced, key players on the manufacturing side and how these technologies are being deployed in the US. The residential market is awakening and Todd asks how much confidence can the project finance industry take from the numbers that the market is currently reporting.
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Sep 11, 2018 • 26min

Ep37: Legal Perspective: Reps and Warranties Insurance

The representations and warranties insurance (RWI) market is growing rapidly as the insurance expands in scope to cover more types of transactions. David Barrett discusses RWI from a legal perspective: talking about the basics of sell-side and buy-side policies, typical pricing, premiums last year versus this year, the risks that aren't covered, special considerations for energy projects, the claims history and more.
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Aug 28, 2018 • 16min

Ep36: CFIUS Legislation Update

Amanda Rosenberg tells us what the major changes to CFIUS are and how they will affect the energy industry, including details on the new review authority, changes to process, mandatory declarations and when everything comes into effect.
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Aug 20, 2018 • 20min

Ep35: PACE Securitization Overview

Listen in as Patrick Dolan offers a general overview of securitization and then dives specifically into the niche market of property assessed clean energy (PACE) bonds. We cover which states are doing the highest volume in PACE securitizations, a history of the ratings, residential versus commercial and where he sees the future of the program.
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Aug 6, 2018 • 20min

Ep34: Legal Perspective: Back-leveraged Loans

Jim Berger discusses back-leveraged loans from a legal perspective, going over the big picture of project structures as well as the most negotiated points in these transactions, the breakdown of benefits for sponsor members and tax equity investors, security packages, cash sweeps and more.
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Jul 30, 2018 • 28min

Ep33: IPPs, PPAs, and Chapter 11

Bankruptcy lawyer Howard Seife sits down to talk about what happens when a power purchaser files for bankruptcy, using the recent Chapter 11 filing by First Energy Solutions as a case study. As we see more power projects financed based on projected cash flows from corporate PPAs, IPPs need to understand the credit risk presented by a potential bankruptcy of their counterparty.
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Jul 23, 2018 • 27min

Ep32: Capital Dynamics' View on the Solar Market

We sat down with Benoit Allehaut, director on the clean energy infrastructure team at Capital Dynamics, fresh off the heels of its acquisition and privatization of 8point3 Energy Partners LP. Benoit shares his views on how much appetite there is currently in the market for solar, the effects of the new solar tariffs, PPAs, the future of energy storage and more.

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