Podcasts about Project finance

Brandon Middaugh is the senior director of Microsoft's $1 billion Climate Innovation Fund, created in 2020 to accelerate technologies that help Microsoft and the wider economy meet aggressive 2030 sustainability goals: carbon‑negative, water‑positive, zero‑waste and ecosystem‑protective. Five years in, Brandon shares how the fund's “invest‑to‑procure” model aligns capital with Microsoft's own demand for clean power, fuels, carbon removal, low‑carbon materials and water solutions; what's working (a 5‑fold jump in durable CDR contracted since launch) and where supply still lags; and why scaling markets—not just piloting tech—is central to Microsoft's moon‑shot roadmap toward net‑zero and beyond. ​ In this episode, we cover: [01:43] Microsoft's ambitious 2030 sustainability targets[02:59] Brandon's path toward climate finance[10:59] The fund's “north star” [12:18] How carbon removal demand still dwarfs current supply[17:14] Airline partnerships supporting Microsoft's net-zero goals[19:46] Investment and procurement teams' flywheel collaboration[23:22] Water-related investments and initiatives[29:36] Program mandates: innovate, accelerate, and scale[31:57] Brandon's advice on transparent engagement with Microsoft[36:43] Predicting highly distributed future energy systems[40:16] How transformation only seems inevitable in hindsightEpisode recorded on April 10, 2025 (Published on May 12, 2025) Enjoyed this episode? Please leave us a review! Share feedback or suggest future topics and guests at info@mcj.vc.Connect with MCJ:Cody Simms on LinkedInVisit mcj.vcSubscribe to the MCJ Newsletter*Editing and post-production work for this episode was provided by The Podcast Consultant

Jacob Sandry is the CEO and co-founder of Euclid Power, a platform for renewable energy project development, financing, and operations—with AI-enabled services layered on top. MCJ is proud to be an investor in Euclid, having joined the company's seed round in mid-2022.Jacob has worked in renewable power his entire career, starting at Generate Capital right out of college, where he worked under Jigar Shah. He then spent several years on the investment team at Goldman Sachs' Renewable Power Group before having the a-ha moment that led to Euclid—and left to start it with a couple of his fellow Goldman teammates.Jacob and Cody discuss how he's seen the renewables industry evolve over the past decade, his theory of change, the insights that led to founding Euclid, and the company's current product and traction. We also touch on his thoughts on AI, power demand curves, and more. As we see it, Jacob is riding two massive waves with Euclid: the inexorable growth of solar and storage, and the curve-bending potential of AI and workflow automation.In this episode, we cover: [1:59] Jacob's early career and background[3:34] Working with Jigar Shah at Generate Capital[8:26] Time on the Goldman Sachs Renewable Power team[9:24] The origin story of Euclid Power[15:23] Challenges in building renewable energy projects[19:15] From internal Goldman tools to the Euclid platform[20:29] Client spotlight: UBS[21:57] Transitioning from project development to a software company[26:07] The role of AI in Euclid's platform[31:49] Business growth and market traction[33:35] Building Euclid as a multiplayer platform[37:10] Balancing software automation with hands-on services[40:41] Current limitations of AI and automation[42:50] Jacob's outlook on the future of renewable energy[46:05] Powering data centers and emerging demand[47:30] Where Euclid is looking for help[48:18] The meaning behind the name “Euclid”Episode recorded on April 25, 2025 (Published on May 5, 2025) Enjoyed this episode? Please leave us a review! Share feedback or suggest future topics and guests at info@mcj.vc.Connect with MCJ:Cody Simms on LinkedInVisit mcj.vcSubscribe to the MCJ Newsletter*Editing and post-production work for this episode was provided by The Podcast Consultant

In this episode of Energy Evolution, host Taylor Kuykendall moderates a panel discussion at the Tom Tom Festival in Charlottesville, Virginia, focusing on the question of how to fund solutions to climate change.  The panelists highlighted the current challenges faced by climate tech companies in securing funding, particularly in a volatile political and economic landscape. Their conversation delves into the complexities of measuring climate impact, the importance of transparency in forecasting, and the necessity for businesses to effectively communicate their value propositions to both investors and the public.  The panel features Anne Clawson, principal at Cascade Advisory; Bettina Ring, Virginia state director for the Nature Conservancy; Gilman Callsen, founder and CEO of Rho Impact; and Michael Bobbin, senior director of mergers and acquisitions advisory at DNV. The podcast includes highlights from the lengthier April 17 discussion.  Energy Evolution has merged with Platts Future Energy, and episodes are now regularly published on Tuesdays. 

In this episode of Energy Evolution, host Taylor Kuykendall moderates a panel discussion at the Tom Tom Festival in Charlottesville, Virginia, focusing on the question of how to fund solutions to climate change.  The panelists highlighted the current challenges faced by climate tech companies in securing funding, particularly in a volatile political and economic landscape. Their conversation delves into the complexities of measuring climate impact, the importance of transparency in forecasting, and the necessity for businesses to effectively communicate their value propositions to both investors and the public.  The panel features Anne Clawson, principal at Cascade Advisory; Bettina Ring, Virginia state director for the Nature Conservancy; Gilman Callsen, founder and CEO of Rho Impact; and Michael Bobbin, senior director of mergers and acquisitions advisory at DNV. The podcast includes highlights from the lengthier April 17 discussion.  Energy Evolution has merged with Platts Future Energy, and episodes are now regularly published on Tuesdays. 

Speaker: Professor Paul Deemer (Vanderbilt Law School)This lecture focuses on the development and project financing of large international infrastructure projects, and covers –What is “project finance” and what is not? How does a “project financing” differ from other types of financing?Why is project finance used on large infrastructure projects? What is “leverage,” and why is that important?What legal structures and documents are commonly used in project financings?Who are the participants in a project financing? What are their roles?What is the role of the lawyer? Why should a new lawyer be familiar with project finance?In discussing these issues, the speaker draws on his experience representing clients on projects in Europe, Asia, Africa and the Middle East.3CL runs the 3CL Travers Smith Lunchtime Seminar Series, featuring leading academics from the Faculty, and high-profile practitioners.For more information see the Centre for Corporate and Commercial Law website:http://www.3cl.law.cam.ac.uk/

Speaker: Professor Paul Deemer (Vanderbilt Law School)This lecture focuses on the development and project financing of large international infrastructure projects, and covers –What is “project finance” and what is not? How does a “project financing” differ from other types of financing?Why is project finance used on large infrastructure projects? What is “leverage,” and why is that important?What legal structures and documents are commonly used in project financings?Who are the participants in a project financing? What are their roles?What is the role of the lawyer? Why should a new lawyer be familiar with project finance?In discussing these issues, the speaker draws on his experience representing clients on projects in Europe, Asia, Africa and the Middle East.3CL runs the 3CL Travers Smith Lunchtime Seminar Series, featuring leading academics from the Faculty, and high-profile practitioners.For more information see the Centre for Corporate and Commercial Law website:http://www.3cl.law.cam.ac.uk/

This midweek, Dominic Bowen welcomes Juan Carlos Machorro to The International Risk Podcast to dive into the complexities of the United-States Mexico Canada Trade Agreement (USMCA). Together, they discuss the origins of the USMCA agreement, the critical elements of the 2026 Joint Review, the implications of Mexico's judicial reforms, Donald Trump's proposed tariffs, and the urgent need to strengthen Mexico-Canada trade relations. Juan Carlos Machorro is the leader of Santamarina y Steta's transactional and financial practice area, with 30 years of experience advising various national and international organizations on the development and implementation of investment and financing projects in Mexico. His areas of expertise include Mergers and Acquisitions, Project Finance and Infrastructure. His talent, practical and business acumen, and deep knowledge of his areas of specialization have earned him numerous accolades in Mexico and abroad.The International Risk Podcast is a must-listen podcast for senior executives, board members, and risk advisors. This weekly podcast explores current affairs, international relations, emerging risks, and strategic opportunities. Hosted by Dominic Bowen, Head of Strategic Advisory at one of Europe's top risk consulting firms, the podcast brings together global experts to share insights and actionable strategies.Dominic's 20+ years of experience managing complex operations in high-risk environments, combined with his role as a public speaker and university lecturer, make him uniquely positioned to guide these conversations. From conflict zones to corporate boardrooms, he explores the risks shaping our world and how organisations can navigate them.The International Risk Podcast – Reducing risk by increasing knowledge. Follow us on LinkedIn for all our great updates.Tell us what you liked!

Olá sejam bem vindo ao nosso quadro de entrevistas do Podcast da Mineração. Nesse programa fizemos uma entrevista com Octávio Viggiano, é um líder experiente e visionário na estruturação e execução de mega projetos de infraestrutura e transição energética. Como CEO e fundador da Beam Infrastructure, uma holding global, Octávio está à frente de iniciativas inovadoras e disruptivas que estão moldando o futuro da energia e mineração em mercados estratégicos globais. Criação de Arte: Raul Cadena / Phablo Kauã Patrocinadores Oficiais do Podcast da Mineração: ATHO BIM - https://athobim.com/ - @atho.bim ÍGNEA Geologia & Meio Ambiente - https://www.igneabr.com.br/ - @igneabr Revo Geoscience - https://revogeoscience.com/ Apoio: Beam Infrastructure É com orgulho que anunciamos o lançamento da loja oficial do Podcast da Mineração! https://reserva.ink/podcastdamineracao Jony Peterson é parceiro da plataforma ISOmines como conteúdista com o curso de Planejamento de Lavra a Céu Aberto utilzando o Micromine. Segue o link de inscrição: https://isomines.carrinho.app/one-checkout/ocmtb/18152189 Confiram essa e outras entrevistas no canal e Lembrem-se: "Mineração pode não ser o futuro mas não existe futuro sem a mineração" #mineração #tecnologia #technology #podcastdamineração #podcast #inovação #engenheirodeminas #engenhariademinas #futuro #inovação #innovations #innovations #engenharia #setormineral #aguamineral #prospecção #pesquisamineral #agua

In this special Master Builders episode of Navigating Major Programmes, Riccardo Cosentino and co-host Shormila Chatterjee are joined by Marianne Smith, a distinguished partner at Blakes National Infrastructure Group, to celebrate her remarkable career and pay tribute to Judy Wilson, a trailblazer in Canada's infrastructure industry. Judy, a world-renowned procurement lawyer and a champion for diversity, left an indelible mark on the sector before her passing. This episode honors her legacy while highlighting Marianne's own contributions as one of Judy's closest mentees.With over 20 years of experience in infrastructure and procurement law, Marianne has played a pivotal role in shaping public-private partnerships (P3s) across Canada. She shares her journey from working alongside Judy to becoming a leader in the field, emphasizing how mentorship and advocacy for diversity have been central to her success."Judy was a champion of diversity. She was an ally before we had the nomenclature of what an ally is.  She used her power, authority, influence. Not just selfishly, but also to promote, women, people of color, anyone who might've felt, that they didn't belong in the boardroom or around the table, talking about tough, infrastructure type issues. She really did impact so many people in that way." – Marianne SmithKey Takeaways:Judy's approach challenges with creativity, focus on client needs, and advocate for diversity to drive meaningful changeHow to leverage your expertise to develop frameworks and processes that can become industry benchmarks.How to build inclusive environments that encourage collaboration and empower diverse teams to succeed.Why investing in mentorship by sharing knowledge and supporting the growth of future leaders. If you enjoyed this episode, make sure and give us a five star rating and leave us a review on iTunes, Podcast Addict, Podchaser or Castbox. The conversation doesn't stop here—connect and converse with our LinkedIn community:Follow Marianne Smith on LinkedInFollow Shormila Chatterjee on LinkedInFollow Navigating Major Programmes on LinkedInFollow Riccardo Cosentino on LinkedInRead Riccardo's latest at www.riccardocosentino.com  Music: "A New Tomorrow" by Chordial Music. Licensed through PremiumBeat.DISCLAIMER: The opinions, beliefs, and viewpoints expressed by the hosts and guests on this podcast do not necessarily represent or reflect the official policy, opinions, beliefs, and viewpoints of Disenyo.co LLC and its employees.

Mark Lee talks to Ben Madden, Chief Technology Officer at Hydrogen investment fund HYCAP, and Patrick Huber, Head of Project Finance at green hydrogen developer MorGen Energy, about the challenges and opportunities in hydrogen ecosystem development, including hydrogen generation, transport infrastructure and accessing new markets for hydrogen.Their conversation covers:Financing hydrogen ecosystemsHow to identify viable hydrogen projectsCurrent European policy incentives for hydrogenEngaging with communities on hydrogen infrastructure developmentHow to accelerate hydrogen ecosystems

In this conversation, Martin Kessler, Chief Business Officer at Flowcarbon, discusses the company's role in securing asset-level financing for carbon removal projects. He explains that Flowcarbon is a vertically integrated carbon finance company focused on arranging project finance for carbon removal projects, assisting project developers with carbon credit issuance, and helping buyers procure carbon credits for their net zero goals. Martin emphasizes the interdisciplinary nature of the carbon markets and the importance of building a strong ecosystem of partners. He also provides insights into the project finance process and highlights the key factors Flowcarbon considers when evaluating projects, such as feedstock availability, revenue streams, and commercial viability. The company aims to demonstrate the viability of carbon removal projects to the private market community. Private credit investors typically get involved in the financing process once the project is at a stage where it is financeable. Flowcarbon helps developers develop financial models, create data rooms of financeable contracts, and secure necessary insurance. They also explore new market opportunities, such as environmental commodities markets and tax credits. TakeawaysFlowcarbon is a vertically integrated carbon finance company that focuses on project finance for carbon removals, carbon credit issuance, and carbon credit sales.The company works with project developers to arrange financing for carbon removal projects and helps them navigate the carbon credit issuance process.Flowcarbon also assists buyers in procuring carbon credits for their net zero goals, primarily targeting corporate clients.The carbon markets require an interdisciplinary approach, and Flow Carbon leverages its network and partnerships to provide comprehensive solutions.The project finance process can take anywhere from six to 18 months, depending on the project's readiness and complexity.Key factors considered when evaluating projects include revenue streams and commercial viability. They work with developers to structure financeable contracts and secure asset-level financing.Private credit investors typically get involved in the financing process once the project is at a stage where it is financeable.Flowcarbon helps developers develop financial models, create data rooms of financeable contracts, and secure necessary insurance.They also explore new market opportunities, such as environmental commodities markets and tax credits. Contact UsGuest: https://www.linkedin.com/in/martin-kessler-99518828/Email us: info@climatetech360.comHost: https://www.linkedin.com/in/samiaq/

We forecast growing demand for cloud services, the adoption of new AI products and cryptocurrencies will see investment in new data center capacity exceed $2 trillion globally over the next five years. But real customer demand and continued technological improvements could limit the amount of data center capacity that is actually needed over the longer term. In this episode, John Medina explains what risks this uncertainty poses to investors in the corporate credit, leveraged loan, bank, CMBS, ABS, private credit and project finance markets.Speaker: John Medina, Senior Vice President at Moody's RatingsHost: Colin Ellis, MD-Global Credit Strategist at Moody's RatingsRelated Research:Data Centers – Global: Rapid capacity growth to serve surging computing demand poses long-term risks 

The primary thrust of this latest episode of Infra Dig – IJGlobal's podcast service – is the financing mechanism that underpins the delivery and operation of billions of dollars of infrastructure around the world… and how project finance is evolving.  IJGlobal content director Angus Leslie Melville sits down for an enlightening interview with Ravi Suri, global head of sustainable finance and impact investing at KPMG.  In a podcast that lends itself to the “masterclass” category, Ravi takes the listener through the evolution of project finance from its early years, bringing it right up to date showcasing its evolution over the years.  

In this episode, Viola welcomes Chris Williams, Managing Director, Head of Project Finance, London, and Global Offshore Wind at LBBW. Chris shares insights from his extensive experience in project finance, focusing on the evolving landscape of the offshore wind sector. The conversation covers a range of topics, including the challenges and opportunities in the offshore wind sector, with a particular focus on guaranteed revenue streams and the competitive landscape. Chris highlights LBBW's significant contributions to the offshore wind industry, having financed almost 10.5GW across the UK, Germany, France, and the Netherlands. Hosted by:Viola Caon - Head of Content, inspiratia Guest:  Chris Williams - Managing Director, Head of Project Finance, London, and Global Offshore Wind, LBBWReach out to us at: podcasts@inspiratia.comFind all of our latest news and analysis by subscribing to inspiratiaListen to all our episodes on Apple Podcasts, Spotify, and other providers. Music credit: NDA/Show You instrumental/Tribe of Noise©2024 inspiratia. All rights reserved.This content is protected by copyright. Please respect the author's rights and do not copy or reproduce it without permission.

This is CC Pod - the Climate Capital Podcast. You are receiving this because you have subscribed to our Substack. If you'd like to manage your Climate Capital Substack subscription, click here. Disclaimer: For full disclosure, Banyan Infrastructure is a portfolio company at Climate Capital. Our guest host, Dimitry, is the co-founder and CEO of one of our portcos, Enduring Planet.CC Pod is not investment advice and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any investment decision.Don't miss an episode from Climate Capital!Join guest host Dimitri Gershenson as he interviews Amanda Li, COO and Co-founder at Banyan Infrastructure. Tune in to learn more about how Banyan is streamlining sustainable infrastructure financing.Amanda's passion for good business and environmental preservation led her to co-found Banyan Infrastructure, a company that uses software to invest in sustainable infrastructure, aiming to reduce the barriers to sustainable infrastructure financing.Banyan's mission is to address the friction in the project financing process, particularly for smaller scale projects. Large banks often avoid these projects due to the high cost and time-consuming process of evaluating, managing, and maintaining them. However, Banyan's purpose-built project finance software is becoming a game-changer in this space.Banyan also works with large banks like SMBC to streamline and automate the investment process. By cutting investment time and reducing transaction fees, they're making it possible for these banks to fund smaller, but profitable projects that they would have otherwise overlooked. This not only expands the banks' market share but also accelerates the flow of capital to sustainable infrastructure projects.Notably, Banyan played an instrumental role in the Greenhouse Gas Reduction Fund, working alongside green banks and community development financial institutions. Their software helped cut down the time taken to write out small loans, ensuring the funds reached the intended communities faster.Visit banyaninfrastructure.com to learn more! Get full access to Climate Capital at climatecap.substack.com/subscribe

The Greenhouse Gas Reduction Fund (GGRF) is a generational government program deploying $27B into clean energy projects across the US. But what is the bill really?Franz Hochstrasser is an expert in financing projects in low-income areas and has a wealth of experience working on climate for the government - both of which are KEY for GGRF. Franz started his career “giving his 20s” to the government, and with that doing some amazing work as the Special Advisor to the Special Envoy for Climate Change, Deputy Associate Director at the Council of Environmental Quality, and at the USDA.Since then, Franz founded Raise Green where he democratizes the ability to invest in climate solution projects. Through this, he is an expert in sustainable finance for inclusive growth and financing projects for low-income residents. He joined S2 Strategies to navigate GGRF and other landmark legislative movements. And it was an absolute blast to have him on.Support the show

In this episode, I sit down with Mike Jackson, Managing Partner at Earthshot Ventures. Earthshot Ventures calls themselves carbon generalists and invest from Seed to Series B. They mainly invest in software and “stepchange” hardware with a preference to double down on existing portfolio companies.Mike's story is great because of how intentional he has excelled at every stage and in multiple sides of building in climate. He is a successful founder from cleantech 1.0, a rockstar investing even before earthshot, experienced in project finance, and now investing in a collaborative way that is pushing the whole climatetech industry forward.---

What is Project Finance?  In this episode, we are joined again by Rahul Culas, Julie Kim, and David Albert to get into the basics of this sector of Investment Banking.  We explain what project finance is and why it's used, how it differs from the types of financing that traditional companies do, who uses project financing, who invests in project financing and more. We explore what the career path can look like from sell side Project Finance within the Investment Banking or Capital Markets division of a bank to energy and infrastructure investing at a buy side Private Equity firm.  This episode is also an incredible deep dive into the role of relationships and mentors within the industry.  You'll hear the crazy story of how Rahul and David moved heaven and earth to bring Julie with them when they moved from Morgan Stanley to Carlyle Group, one of the world's most prestigious Private Equity megafunds. Rahul Culas is Partner at 1585 Healthcare, an investment firm focused on healthcare services investments. Formerly, Rahul was a Partner and Managing Director at The Carlyle Group, where he co-headed funds dedicated to energy investments. Prior to Carlyle, Rahul was Head of Structured Power Finance at Morgan Stanley. Earlier in his career, he worked at Goldman Sachs in the Fixed Income Currency and Commodities Division. Rahul graduated with a Bachelor's in Mechanical Engineering from the Indian Institute of Technology (“IIT”), Bombay, and a Masters in Human Computer Interaction from the School of Computer Science at Carnegie Mellon UniversityJulie Kim is Partner at 1585 Healthcare. Formerly, Julie was a  Principal at The Carlyle Group, where she played the dual role of being on the investment side as well as the Chief Operating Officer of funds dedicated to energy investments. Prior to Carlyle, Julie was an associate in Project Finance at Morgan Stanley. Earlier in her career, she worked in the Equity Derivatives group in Equity Capital Markets at Morgan Stanley. Julie graduated with a BS in Math and Finance from MIT. David Albert is Partner at 1585 Healthcare. Formerly, David was a Partner and Managing Director at The Carlyle Group, where he co-headed funds dedicated to energy investments. Prior to Carlyle, David was the Head of Tax Equity and Project & Structured Finance at Morgan Stanley.  Earlier in his career, he worked at Morgan Stanley in the M&A group and Princes Gate Investors, a private equity fund within Morgan Stanley.  He started his career at Salomon Brothers. David graduated with a BS in Economics from Wharton and an MBA, also from Wharton.Grab your free Financial Modeling Template and Solution Here!https://the-wall-street-skinny.ck.page/d8e9f9acddDownload Keyficient at https://www.keyficient.co/and use the code “thewallstreetskinny” for a 10% discount!”Support the showFollow us on Instagram and Tik Tok at @thewallstreetskinnyhttps://www.instagram.com/thewallstreetskinny/

Today as a followup to last week's episode where we sat down with two doctors, we are chatting with two investors in the Healthcare Private Equity space, not only talking about that segment of the investment community but also answering the mountain of questions we've gotten from listeners who ARE doctors and want to pivot into the world of finance but don't know how.  Rahul Culas is Partner at 1585 Healthcare, an investment firm focused on investing in businesses that facilitate the delivery of quality healthcare to older adults and other vulnerable populations.Formerly, Rahul was a Partner and Managing Director at The Carlyle Group, where he co-headed funds dedicated to energy investments. Prior to Carlyle, Rahul was Head of Structured Power Finance at Morgan Stanley. Earlier in his career, he worked at Goldman Sachs in the Fixed Income Currency and Commodities Division.Rahul graduated with a Bachelor's in Mechanical Engineering from the Indian Institute of Technology (“IIT”), Bombay, and a Masters in Human Computer Interaction from the School of Computer Science at Carnegie Mellon UniversityJulie Yoon is Partner at 1585 Healthcare.Formerly, Julie was a  Managing Director at The Carlyle Group, where she focused on funds dedicated to energy investments. Prior to Carlyle, Julie was an associate in Project Finance at Morgan Stanley. Earlier in her career, she worked in the Equity Derivatives group in Equity Capital Markets at Morgan Stanley.Julie graduated from MIT. Grab your free Financial Modeling Template and Solution Here!https://the-wall-street-skinny.ck.page/d8e9f9acddDownload Keyficient at https://www.keyficient.co/and use the code “thewallstreetskinny” for a 10% discount!”Support the showFollow us on Instagram and Tik Tok at @thewallstreetskinnyhttps://www.instagram.com/thewallstreetskinny/

Speaker: Professor Paul Deemer (Vanderbilt Law School)Abstract: This lecture will focus on the development and project financing of large international infrastructure projects, and will cover –- What is “project finance” and what is not? How does a “project financing” differ from other types of financing?- Why is project finance used on large infrastructure projects? What is “leverage,” and why is that important?- What legal structures and documents are commonly used in project financings?- Who are the participants in a project financing? What are their roles?- What is the role of the lawyer? Why should a new lawyer be familiar with project finance?In discussing these issues, the speaker will draw on his experience representing clients on projects in Europe, Asia, Africa and the Middle East.3CL runs the 3CL Travers Smith Lunchtime Seminar Series, featuring leading academics from the Faculty, and high-profile practitioners.For more information: https://www.3cl.law.cam.ac.uk/

Ben Hubbard is CEO and Co-founder at Nexus PMG, an infrastructure advisory and project development organization dedicated to reducing carbon intensity and enhancing resource efficiency. Ben co-founded Nexus PMG in 2013 after multiple years of working on complex metal refining facilities in locations including Mongolia and Saudi Arabia.In this episode, Cody and Ben cover how Nexus PMG got started, what key risks the firm explores when assessing a project for development capital, Ben's advice for infrastructure-heavy startups as they scale, and how he sees the next five years of infrastructure deployment playing out. And they cover a whole lot in between, including the criticality of feedstocks, the role of insurance, opportunities for private equity, and first-of-a-kind project finance.In this episode, we cover: [01:56]: Ben's early mining experience in extreme climates during the 2007 recession[05:24]: Nexus PMG's founding story[11:51]: Abandoning all fossil-fuel projects and full transition to low-carbon focus[17:01]: Observations on declining investment returns in wind and solar projects[20:39]: Challenges in variability and quality of sustainable materials[27:15]: Turnaround of a distressed biomass plant in British Columbia[30:08]: Launch of Nexus Development Capital for scaling businesses[36:04]: Recent shifts from strategics investing to meet ESG goals[38:17]: Why team dynamics are critical to project success[42:50]: Trend forecasting in sustainable projects: hydrogen, sustainable aviation fuels[46:01]: Ben's optimism about capital deployment in the next decadeEpisode recorded on Jan 8, 2024 (Published on Feb 5, 2024) Get connected with MCJ: Jason Jacobs X / LinkedInCody Simms X / LinkedInMCJ Podcast / Collective / YouTube*If you liked this episode, please consider giving us a review! You can also reach us via email at content@mcjcollective.com, where we encourage you to share your feedback on episodes and suggestions for future topics or guests.

Jeremiah Lim, Director in the Sustainable & Impact Investment Banking group at Barclays, discusses how climate hardtech companies can raise debt / project finance to help grow and scale their businesses. He discusses how a climate tech startup can get ready to raise debt, considerations ahead of structuring offtake agreements, when to start collaborating with groups such as his, as well as his take on the “low hanging fruit” within climate tech or technologies that should be prioritized. ------------------------------------------------------------------------------------------------------Mentioned in the podcast:Mission Zero - https://www.missionzero.tech/Deep Science Ventures - https://deepscienceventures.com/UNDO - https://un-do.com/Barclays Sustainable Impact Capital: https://home.barclays/sustainability/addressing-climate-change/financing-the-transition/sustainable-impact-capital/------------------------------------------------------------------------------------------------------Connect with us:Email us: info@climatetech360.comHost: https://www.linkedin.com/in/samiaqaderGuest: https://www.linkedin.com/in/jeremiah-lim-cfa-4bb93060/

This week on Energy Unplugged, Igor Fonseca, Head of Power, Santander Brazil Project Finance discusses project finance in Brazil's power sector with our Founder & CEO, John Feddersen. Over the past 11 years, Igor has worked within Santander's Project Finance team following his positions at HSBC and Credit Agricole. At Santander, Igor has been covering the Power sector, executing and arranging several financial advisory mandates. This has amounted to investments over USD 10 billion and a total installed capacity over 20 GW, including large hydros, gas-fired thermal power plants, wind farms, small hydros, photovoltaic and concentrated solar power plants in Brazil. Main topics include the following: • Project finance in Brazil • The impact of the shift to the free market and the green transition plan on project financing and investment in Brazil • Key risks for Brazilian power projects

In this episode of French Insider, Victoire Lester, CEO of Coucou, joins host Sarah Ben-Moussa to discuss the experience of building a company in the United States from the ground up, including Coucou's approach to hiring and training native-speaking French language instructors, its strategy for attracting American customers, and their experience recruiting and managing a mixed-nationality workforce.   What We Discussed in this Episode Can you tell us a bit about your background? How did you become involved with Coucou? What was behind the founding of Coucou? Where did the idea come from? How does Coucou go about hiring and training instructors? How does Coucou's approach to hiring impact the learning experience? What was it like coming to the U.S. and building a company from the ground up? What motivated Coucou to expand its offerings? What was Coucou's experience during COVID? Where did the company come out on the other side? Can you tell us a bit about the streaming platform being developed by a Coucou founder? What was Coucou's strategy for attracting U.S. customers? Can you speak to the experience of recruiting and managing a mixed-nationality workforce of French and American people? What were some resources Coucou utilized during the last 10 years of growth? Would you recommend companies retain a public relations agency? What's one piece of advice you'd offer a French entrepreneur seeking to launch a company in the U.S.?   About Victoire Lester Victoire Lester is CEO of Coucou, a New York City and Los Angeles-based language school offering culturally savvy, native-taught French classes, in person or online. A Paris native, she joined Coucous as a part-time French instructor in 2016 and was promoted to director of operations just three years later. As CEO, Victoire handles marketing, product development, and operations. She was also responsible for Coucou's successful transition to an online program in 2020, which has been instrumental in the company's growth. When she's not helping Coucou grow, Victoire enjoys spending time with her family, practicing yoga, and indulging in her love of wine, cheese, and oysters.   About Sarah F. Ben-Moussa Sarah F. Ben-Moussa is an associate in the Corporate Practice Group in Sheppard Mullin's New York office, where her practice focuses on domestic and cross-border mergers and acquisitions, financings and corporate governance matters. As a member of the firm's French Desk, she has advised companies and private equity funds in both the United States and Europe on mergers, acquisitions, joint ventures, financings, complex commercial agreements, and general corporate matters. As a member of Sheppard Mullin's Energy, Infrastructure and Project Finance team, Sarah also represents renewable energy companies, borrowers, financial sponsors, portfolio companies, commercial banks and other financial institutions in a variety of financing transactions. Her practice focuses on a variety of transactions in the energy sphere, representing renewable energy companies in project-level debt and equity financings of wind and solar facilities.  Before joining Sheppard Mullin, Sarah spent a year and a half studying and working in France,  focusing on corporate transactions and commercial contracts in Europe and internationally. Sarah is also committed to pro bono work, focusing on cases involving children seeking asylum or other immigration-related relief.   Contact Information  Victoire Lester Sarah F. Ben-Moussa    Additional Resources Coucou Coucou on TikTok Coucou on Instagram Coucou on Facebook Coucou on YouTube   Thank you for listening! Don't forget to SUBSCRIBE to the show to receive every new episode delivered straight to your podcast player every week. If you enjoyed this episode, please help us get the word out about this podcast. Rate and Review this show in Apple Podcasts, Amazon Music, Google Podcasts or Spotify. It helps other listeners find this show.  This podcast is for informational and educational purposes only. It is not to be construed as legal advice specific to your circumstances. If you need help with any legal matter, be sure to consult with an attorney regarding your specific needs.

In today's episode, Alex Deng of kWh analytics joins Dave to lift the veil on solar project finance and insurance, explaining the key but unseen role insurance plays in getting renewable energy projects built. Drawing on his experience as a project developer and now insurance underwriter, Alex breaks down the different sources of capital, ever-evolving technology risks, and surprising solar performance data that are shaping how solar projects get financed and insured today. He shares his unique perspective on provisions of the Inflation Reduction Act that will catalyze the next wave of solar growth.

Everyone today has heard about rooftop solar, or offshore wind parks, but what about adding solar to your office space, or installing microturbines to your steel factory? These comprise a mid-scale type of energy project that show a great upcoming potential for development and more importantly, are in dire need of investment and good project oversight. Join us, as we chat on how this is done using the power of software with Amanda Li, Co-Founder and Chief Operating Officer at Banyan Infrastructure. Also in the chat: can we get to one single metric that standardises risk for all energy projects? Hosts: Chris Sass, Jeff McAulay Additional Reads: Banyan Infrastructure - https://www.banyaninfrastructure.com/  Whitepaper on IRA - https://www.banyaninfrastructure.com/ira-white-paper 

On this episode, meet Fradyn Suárez, a Miami partner in King & Spalding's Project Finance practice. Fradyn discusses with Jeff and Brett her journey to partner in international law firms, the unique features of a project finance practice, the challenges of moving your practice to different cities, the path to equity in big law, and the differences in practicing law in Miami versus bigger cities like New York and Chicago.  They also discuss the challenges women lawyers face in the finance section and how Fradyn continues to break the glass ceiling on her path to success in the law.If you enjoyed the show, please subscribe, share, and leave a review. Subscribing to the show and leaving a review will actually help others find the show. And It will help us grow, devote more time, and produce better content for you.Streaming now on  YouTube, Spotify, Google, Amazon Music, and Apple Podcasts. We are also in the top ten percent of listened-to podcasts globally.

In this week's episode, Riccardo switches chairs and guest host, Jim Barnard, asks all the questions. Riccardo shares insights from his Oxford Saïd Business School dissertation on the use of collaborative contracting into major programmes, specifically PPP structures. Riccardo and Jim delve into the complications and complexities of risk management, adversarial situations, stakeholders and shareholders and private financing.   “When you have collaborative contracting, you almost waive your legal rights or your rights to pursue legal remedies. And so, all of the parties are around the table. There are many advantages of collaborative contracting, but the simplest one is, instead of hiring lawyers to sort out disputes, you're redeploying those resources to actually solving project problems.” Key Takeaways:  The price of winning contracts in the PPP market and how the public sector entity comes into playWhy collaborative contracting provides better odds for finishing on time and on budget, but equity has to take more riskPPP and politics, how do we navigate it?  If you enjoyed this episode, make sure and give us a five star rating and leave us a review on iTunes, Podcast Addict, Podchaser or Castbox. The conversation doesn't stop here—connect and converse with our community: Riccardo Cosentino on LinkedInJim Bernard on LinkedIn Transcript:Riccardo Cosentino 00:05You're listening to navigate the major problems, the podcast that aims to elevate the conversationshappening in the infrastructure industry and inspire you to have a more efficient approach within it. I'myour host, Riccardo Cosentino brings over 20 years of major product management experience. Mostrecently, I graduated from Oxford University Said business school, which shook my belief when itcomes to navigating major problems. Now, it's time to shake yours. Join me in each episode, as I pressthe industry experts about the complexity of major program management, emerging digital trends andthe critical leadership required to approach these multibillion-dollar projects. Let's see what theconversation takes us. Hello, and welcome to a new episode of navigating major programs. Todaywe're going to be doing things a little bit differently. My friend, and one point guest of the show asagreed kindly to be hosting this podcast. And we'll do a role reversal where I'm going to be doing thepresenting and Jim Barnard is going to co-host the show. And today we're going to talk about a topicthat is very close to my heart, which is the use of collaborative contracting into major programs,especially into PPP structures. I've done a full dissertation at Oxford as part of my master, majorprogram management, and I decided that it'd be good to walk you through my findings and myconclusion. Anyway, let me introduce the host for today. Jim Bernard. How you doing? Jim?Jim 02:00I'm great. Riccardo, thanks for having me. Big fan of the podcast, obviously had the chance to be on apreviously so very much appreciate the opportunity to be host this time.Riccardo Cosentino 02:11So today, as I said, I'll be a be doing the talking. And you'll be doing the asking. Maybe I can start? I'lljump right into it unless you have a specific question for me. And maybe I can give a bit of a bit of anoverview of my research thesis and some of my findings and some of my conclusions.Jim 02:34 2Transcribed by https://otter.aiYes, summary will be great, a perfect place to start. But some of our folks listening may not becompletely familiar with even the concept of collaboration. And I know having read your dissertationthat you get into some fairly technical and detailed topics relative to finance and how structures are setup and that type of thing. So for those of us either less familiar or kind of new to the topic, if you don'tmind, let's start as basic as possible.Riccardo Cosentino 03:03Okay, well, let's start with, let's start with what prompted me to research this specific topic, the probablya good place to start here. I you know, I'm a professional the work in public private partnership over thelast 20 years. So again, a lot of knowledge about the topic, I have structured and finance manytransactions that use non recourse financing. And a couple of years ago, my company decided to exitthe what we call the lump sum turnkey business, which is the type of contracting where a private sectorentity commits to deliver a project on time and on budget and every any cost overruns. And at any cost,and any time overruns are absorbed by the entity that has committed to deliver the project. So mycompany has been losing a lot of money with the stock form a contract. So in 2018, we decided toexited. However, this type of contract is the cornerstone of non recourse financing, recourse financingis financing that doesn't, doesn't lean on the asset of the parent company, but the only leans on theasset of the other special purpose vehicle that is delivering the project,Jim 04:26basically. Project.Riccardo Cosentino 04:29Yes. Right. So it's basically the future revenues, that that's the only recourse available to lenders debtand equity lenders is access to, to project revenues rather than corporate revenue associated with theentity that is delivered project.Jim 04:49Right.Riccardo Cosentino 04:50And because my company exited this business lumpsum turnkey, indirectly we also exited theconstruction portion of public private partnerships were where entities or companies, contractors arehired to deliver the project under the structure. However, we still wanted to stay involved in contracting.So what we started researching is different types of contracts and collaborative contracting, came upalliances IPD all forms of contract that they include a large component of collaboration. In this type ofcontracts, the risk is not transferred to the product to the contracting entity is the risk of on timecompletion and on budget completion stays within the project sponsor. There is a Pain Gain sharingmechanism, where the contracting entity, the contractor that is delivering the project puts their fee risk,but they're not taking on the cost of around burden that is typical of lump sum turnkey. So once westarted researching this, the question that I was asked many, many times, being the expert in publicprivate partnership is can we convince clients and lenders to use collaborative contracting within thenon recourse PPP structure? And intuitively, I didn't think it was possible, I did some preliminary 3Transcribed by https://otter.airesearch as part of my job. But I couldn't really find conclusive answers of why collaborativelycontracting could or could not be used within a PPP structure,Jim 06:45where I take a step back down, how did you do your preliminary research was at a qualitative research,quantitative research and kind of benefits of both detriments of both How did you choose what methoddid you use and how did you choose it.Riccardo Cosentino 06:58So during what while I was still working, so before I use an academic method, I, I just looked at thecommercial parameters, I just look at the commercial framework and in the legal framework, and I justtried to see if the economic principle of the commercial principle would support these type ofcommercial and legal structure, right. And based on my understanding of the commercial principle, nonrecourse financing, where risk has to be transferred, and where lenders that especially debt lenders,needs to be kept whole in the PPP structure, the only entity that can keep the lenders or is thecontractor delivering the work? I mean, no, it's not the only way. But it's the most economical way. Andthe cheapest way of implementing a project finance structure is to have the contractor guaranteeing thedelivery of the project by putting up the balance sheet and by taking on the cost of Iran in a lump sumturnkey model,Jim 08:07but the fee, the fees at that point are fixed, right. So you're really talking all downside, fixed upside inthat structure. I mean, it sounds not just unpalatable, but somewhat dangerous for the contractor to getinto that arrangement.Riccardo Cosentino 08:23It is and they think he has worked in the past to a certain degree where Contractor have been able tomanage that risk the took on. But I think over the last 15 years, the market got so competitive, thatcontractors have been racing to the bottom sometimes fixing the cost of the project to a level too low toactual deliver and then end up absorbing all of the losses at the back end or the contraction period. Imean, that's definitely what happened to our company we overcommitted in order to win the contract,and then we ended up with a lot of the losses. However, there are instances where the model works.It's just you know, I think you the model can work if you have a healthy competitive process, if you havean unhealthy race to the bottom is probably dangerous, dangerous territoryJim 09:23that can open up even getting into different ways of gaming. Bidding processes itself is a massive topic,I'm sure that gets into behavioral economics and how people bid and upsides and downsides andpsychology and all this other stuff. So we probably want to table that for a future episode because wecould spend hours just on that aspect of it. I'm sure. So, but I guess the conclusion is at some point inthe market, the bids got so tight in the market, the fees got compressed, so low that the people who arewinning the bids were just really behind the eight ball at the beginning. I mean, it was it was almost Iwant to say it was, you know, failure was baked into the to the process. But it sounds like you're in areally tight spot straight out of the gate. 4Transcribed by https://otter.aiRiccardo Cosentino 10:13That's correct. And it's not unlikely It's not unlike the, you know, bid low claim high model that westudied in, at Oxford, right, I think there was a case about how the it's, we live in an industry wherethere's a lot of, you know, contractors make their money through the claims. And then and I think that'swhere the PPP market got to where, you know, companies bid low in order to secure the contract, andthen then trying to deal with the consequences afterwards,Jim 10:46by claim process, you're talking going to court litigation,Riccardo Cosentino 10:50eventually. Yeah, that's where he ends up. I mean, you can try and settle. I mean, there are settlementalong the way that you can do there are but you know, ultimately, yeah, you go to court, and, you know,20 to 30 cents on the dollars if you're lucky when you play.Jim 11:05So that whole system sounded like from the day that they decided to race to the bottom of the wholesystem seems like it's building upon a weak foundation to start. And it's crumbling from there. I mean, ifyou're going to court to deal with inevitable complexity of a major program seems like somethingstarted wrong. I mean, it's not in it's not within the project itself, which obviously has its own complexityfrom a cost standpoint, engineering standpoint, and construction execution stakeholders, and then wehave this whole network of influencers within any major program. But this is like on top of that, this is awhole kind of external integration challenge. That, before you even get to the complexity of the project,you're kind of off off center to begin with that fair.Riccardo Cosentino 11:58That's, that's very fair. And, and but that's probably not something caused by the PPP structure or thenon recourse financing structure is more caused by, you know, public sector entity, especially beingsubjected to optimism bias and strategic misrepresentation in order to get these projects off the ground.And I think we PPP that problem is accentuated by the fact that there's a bit of heuristics, which is theprivate sector can do it better. So we don't have to develop the project to you know, 50% 60% design,in order to get to get bids in, we're gonna put out a 5% design, the private sector will take a developergive us a fixed price. And, and we'll go from there, which breeds a situation where you have contractorcommitting to a fixed price contract with only 15 20% design done. Because that's the nature of PPPwhere, you know, the government or the public sector doesn't want to develop the project, becausethey don't want to stifle the innovation that the private sector could bring. But on the other hand, theydon't really give a lot of opportunity to the private sector, to develop the design, to you know, 60 70%,which is what you need to have certainty, and then an ability to commit to a fixed price.Jim 13:28So are sort of back to that master, the opposite of the master builder heuristic. We're not planning longand or planning slow and building quickly, we're planning quickly and just accumulating delays and costoverruns. 5Transcribed by https://otter.aiRiccardo Cosentino 13:41Absolutely, absolutely. And then, you know, and you know, we seen this, because these projects are solong. And by the time that all the problems actually materialize, it's probably six, seven years down theline. So nobody worries about that at the beginning, and you will worry about that at the end. And youalways people somehow scratch their heads is that how do we get here, but pretty simple how we gothere.Jim 14:07So not to not to necessarily prompt a sales pitch for collaborative contracting. But how do you see orhow what did your research determine the benefits of collaborative contracting? We're, and then howlikely is it that it's going to become part of part of the industry?Riccardo Cosentino 14:31So my research was wasn't so much about collaborative contracting. So I took I took the benefit ofcollaborative contracting as a given and I said, you know, if collaborative contracting is such a goodway of delivering projects, How come is not used in PPP structures? What are the limiting factors thatdon't allow the implementation of collaborative contracting into PPP P. So my starting premises wascollaborative contracting is good. It is the way forward, and how do we how do we roll it out in differentparts of the industry?Jim 15:12Can we explore that just for a second? What is it about collaborative contract? And what benefits? Doyou believe that delivers to the industry?Riccardo Cosentino 15:21Well look, to me, just the fundamental principle that when you have collaborative contracting, youalmost you're almost waive your legal rights or your rights to pursue legal remedies. And so all of theparties are around the table. So the, you know, there are many advantages of collaborative contractcontracting, but the simplest one is, instead of hiring lawyer to sorting out disputes, you redeployingthose resources to actually solving project problems. So if you think of the litigation costs in thesemajor, major programs, if you just take those costs, and you were to use that financial resource toactually solve actual problems on the project, I mean, it doesn't take a lot of research to know thatanecdotally, that that's a good thing. Developed with all due respect to our attorney friends out there,your role may not best to be solving problems after the fact. Right? I mean, that's kind of the idea.Yeah, I mean, look, I mean, a claim against the client doesn't get concrete poured faster. Right. Okay.Fair point. You know, a few extra engineers and a few extra project resources could get that concretepoured faster, or figure out a way to pour the concrete faster.Jim 16:56Yeah, have the magic communications better to when you're not having to run it through attorneys andlegal filings?Riccardo Cosentino 17:02 6Transcribed by https://otter.aiYeah, I mean, I use I use that example. Because it's, you know, we just talked about claims we justtalked about, you know, ended up in court. So that's, that's the thing that comes to mind. But, you know,in general, I think we can all agree that a non antagonistic environment is more conducive to betterworking relation and better outputs. It's just anecdotally, we intuitively we can all see thatJim 17:34Sure.Riccardo Cosentino 17:35That we all want to work in a collaborative space, because, you know, when you bring the intellect ormultiple people together, and you foster that, you definitely want to get a better outcome.Jim 17:47Right, more rewarding toRiccardo Cosentino 17:48Yes. So that's, that's why I've took that I took it as a dogma, I said, collaborative contracting, is the rightway forward,Jim 17:58okay.Riccardo Cosentino 17:59So, okay, so why can we use that in PPP structures. And so, this is where it gets a little bit technical.Where, you know, PPP are really know nothing more than non recourse financing or project financing.That was it was a financing mechanism that was developed in the 70s. for oil exploration in the NorthSea, there weren't enough oil and gas company, there wasn't a big enough oil and gas company toabsorb the risk of oil exploration in the North Sea. So, they came together and came up with thestructure, which basically insulate the parent companies for the loss from the losses of the project. Andso, you know, if you take all exploration, and you lend him money into oil exploration Norh sea lenderscan only go after the asset to the oil platform or the future revenues associated with the asset. And thatbasically insulate the parent company for wo po things go really wrong,Jim 19:11but is there is there a completion guarantee built into this? I mean, the contractor can't just walk awaywithout recourse, can they?Riccardo Cosentino 19:18So, sorry, what I was describing is the is the is the structure or the client level? Yes.Jim 19:25Got it.Riccardo Cosentino 19:26 7Transcribed by https://otter.aiSo at the at the contractor level, yeah, absolutely the contractor. So that's what I was saying that inthese non recourse structures, the completion guarantee comes from the contractor. So ultimately, theback so although the project itself is non recourse, the contractor does put up guarantees becauseultimately the guarantees are in favor of the project sponsor and the project lenders right debt thatlenders, right? So the equity lenders is typically the developers, obviously they take equity risk, so Theyhave high amounts of risk or high amount of returns. So the first one, they get wiped out if the projectdoesn't do well. However, the debt lender has less, you know, these are big institution, they don't likerisk, they want to be insulated. So if the project was in to reach substantial completion, the contractorwould keep the lenders whole up to a point. And there's this is, this is why collaborative contracting isnot quite easy to implement in the structure, because the debt lenders always looking to recover themoney, right? And if the risk hasn't been transferred to a contractor, where the lender is going torecover the money for right,Jim 20:47where does it go, because it doesn't leave the project, just because nobody raised their hand to take it,it's not going away.Riccardo Cosentino 20:55So it's a Series is brought by non recourse financing PPP, these a zero sum games, where either thecontractor loses money, or the client loses money. And so that that creates the adversarial situation,especially if you haven't bid the job properly, you're going to be losing money, you're going aftersomebody because nobody likes to lose money, you're going to go after the client, and then theadversarial scenario sets in.Jim 21:24So the most important relationship, the most important relationship between the client and thecontractor for the project success is immediately set up on a weak foundation, like, yes. Okay. Thatexplains anything.Riccardo Cosentino 21:40And it will be, you know, is not impossibly, you could implement a collaborative contract between theclient and the contractor. However, the lenders need to get repaid, and the lender is only going to getrepaid when you reach substantial completion, you start extracting oil, you start selling the oil, and thatgenerates the revenues that are then used to repay the debt lenders, right? Yeah, so we couldimplement collaborative contract between the contractor and the project developer. However, in case ofcost overruns, the developer would pick up those costs. And because obviously, the lenders are still,you know, they still have debt service that you have to repay. And so somebody's got to pick up theircosts. And if he's not, there is not the contractor for a lump sum turnkey, then is the developer. Andhowever, that is not then becomes a more expensive structure, got a sense that you now have to putthe equity in. So now, it's very, very technical.Jim 22:55So maybe complex is that is that a good way to put it? 8Transcribed by https://otter.aiRiccardo Cosentino 22:59Is the well yes, complex, as actually complicated. It's very mechanical, there's no complex, it's theJim 23:07Swiss watch. It's not the flock of birds,Riccardo Cosentino 23:11which is basically, you know, when you inject equity, you know, when lenders lend you manage for aproject, that lenders lend you money for a project, they want to know that they're going to get paid back,right? And so they are going to look at the cost overruns. And they're going to look at who's going toabsorb the cost overruns. And so if the contractor is not going to pick up the cost overruns, becauseyou now have a relational contract in place, then the sponsor will, however, the sponsor has norecourse, there is no recourse to anybody above, right, typically, the contractor provides a parentcompany guarantee, and as the recourse to the parent company, but a developer because there's norecourse is not providing that they're there for they have to actually inject all of the equity upfront, rightto cover potential cost overruns. So you now have cash injected into the project, even though you mightnot need it, which makes it very, very expensive.Jim 24:08But you also have the benefit of big contingency.Riccardo Cosentino 24:11Absolutely. Absolutely. So, again, it's not is not impossible, this is just gets to the conclusion of mydissertation, which is it's possible to have relational contracting, it's going to be more expensive.However, the flip side, if we believe that collaborative Contracting is the way forward, you're going to bemore likely to finish on time and on budget, through collaboration that adversarial relations.Jim 24:38It's a funny, it's a funny perspective, to me having been involved in some complex projects, and itseems a little bit short sighted that somebody would really object to a 200 basis points or 2% increasein their cost of capital. Over massive cost overruns in the back end, huge attorney He's fees, delays,which we know costs money, I mean, time is actually money in a major program. So it's always justshocked me how everybody wants to bid to be as low as possible. Everybody wants to make sure thatthat interest rate is just as thin as they can possibly get it without giving any consideration to the factthat you're not saving anything. Because when you set up the program, that way, you're justguaranteed you're going to be over budget far more than you would ever save, and then add thelitigation on top of it that delays everything else. I mean, it just seems short sighted to me,Riccardo Cosentino 25:35unfortunately. So I'm, I specialize in public sector infrastructure. So I deal mostly with municipal, stateand federal government projects. And unfortunately, in the public sector, you have to demonstratevalue for money. And, you know, I think PPP is, it's particularly, the value for money analysis makesthings even worse, because what you end up now with is, private sector financing is more expensive inthe public sector financing a public, they know, the United States government can borrow at a cheaper 9Transcribed by https://otter.airate than any other corporation. So if you have a federal project, you're now adding, you know, 100 150bips to the cost to the cost of that because you have the private sector taken. So you now have a valuefor money analysis that already starts with you being in a hole. Because you now they Yeah, are goingto do it for a PPP are going to use private finance, but it's more expensive. So how do I balance thevalue for money? How do I justify that this is good value for money. And, you know, that's where youare starting play with risk transfer, you start quantify, the more risk you transfer, the more able you'regoing to be to show value for money, the lower the cost, the better because then again, you're going tobe able to show value for money. And as I said, The problem is that you're starting in a hole, right,because you already have to demonstrate why are using private finance. And then, and thencompound, the problem is, the way you justify private finance is by transferring risk, that are going totransfer more risks to the private sector are going to pay them more, you know, are going to pay theirhigher cost of capital. But that will bring me benefit because I have transferred to them the risk ofcompletion.Jim 27:37So you've got a, you've got a problematic paradigm may not be the it's a bit overused word, but you'vegot a problematic equation at the front end, which is creating some pretty significant adverseconsequences at the backend. Before you even get in to start talking about planning fallacy andstrategic misrepresentation. I mean, it, it sounds like the entrenched thought process behind howprojects should be evaluated, needs some work. And a fundamental understanding of the flaws in valuefor money might help. Because we know the results. I mean, there's plenty of data out there that showsI mean, independent of structure, how badly these projects perform. It's astronomical. But but it seemslike there's still some pretty heavy resistance to changing a perspective or methodology on the frontend to try to make up for some of that stuff. Is that fair?Riccardo Cosentino 28:35Yeah. I mean, you're also dealing with politicians right at this point. So it makes things even morecomplex. I think it's important that we talk about the I have other theory evidence, I guess it's furtherarea research, maybe for my PhD. But in my mind, PPP is our Chem, there is a role for PPP. So whenyou have low complexity projects, where you can actually define what you want, and you have very fewstakeholders. It's not it's not a bad model. So in Canada, various jurisdictions have had a lot of successwith hospital building, procuring them and building them using the PPP structure and as being as beingpositive as being a positive experience for all stakeholders. And this bill because it's a box, right, youbuilding a building, and it's any, you know, you can define what you want, and contractors are fairlyexperienced. And you know, it's a it's a Vertical Box. I think we're a falls apart where the PPP falls apartis when you have linear project and you start having more complexity in terms of many morestakeholders Many more moving parts in terms of you know, if you're building a railway, you now needto choose the technology, you go for different jurisdictions. And so the PPP, so having the privatesector lenders into a PPP structure creates more complexity, because he adds an additionalstakeholder and shareholder into the project. And it makes things a bit more complex, especially whenyou when you hit in problems.Jim 30:30 10Transcribed by https://otter.aiSo there's a every program has got a certain complexity threshold, that it cannot pass, it sounds like soif it's going to be, or if it's simple, from an engineering design perspective, single site, you know, squarepiece of property, whatever it can tolerate, and maybe even benefit from a certain addition ofcomplexity on top of, you know, in this case, the private sector provides access to resources thatmaybe the public sector doesn't have or can't appropriate. So the project can kind of hit that threshold.Whereas a complex project, just in the engineering and design side, may already be at that threshold orpast it. So adding another layer of financing complexity sounds disastrous,Riccardo Cosentino 31:18that's certainly the anecdotal evidence I have that especially so the way we differentiate is linear versusvertical. Right? When you have a linear project, yeah, the complexity is too high. And the benefit is,because you remember, the argument of bringing private sector lenders is that you have additionaloversight, you have an additional layer of oversight, you're going to use, the private sector lender isgoing to keep all the other stakeholder honest. So we're going to keep, let's say, the hospital ownerhonest, in terms of change order, they're not going to be able to halfway through the process, that issuechange order change in their mind, or what the scope of the project is, right? There's, you know, withthe with the design, build, finance, maintain and operate, you're actually maintaining the hospital for 30years. So you have now forced the Minister of Health to ring fence, the money required to maintain theproject for 30 years, because you're sending up a contract upfront, right. And if you if you know, publicsector, you know that the first thing the public sector cuts is operating budgets, right, so the PPP bringsbenefits. So the additional layer of complexity brought in by the private sector lenders iscounterbalanced by all these other benefits that a private sector lender brings in on a linear projectwhere the complexity is much higher, the benefits are outweighed by the negative of adding additionalcomplexity to something that cannot absorb it like you describe it very well.Jim 32:50So what conclusions did you draw from the research? I mean, PPP, the resistance to PPP,collaborative contracting, and PPP sounds fairly high. Yet the benefits seem fairly easy to argue. Andcertainly, anecdotally, we've got enough evidence where things don't work that you'd like to think afresh approach might be warmly received. But what are the impediments? What are the realistic optionsas they are today, relative to how successfullyRiccardo Cosentino 33:19I you know, can be my conclusion was pretty straightforward. It's actually it's the money issue, right? Imean, it's you, you could have collaborative contracting, it means equity has to take more risk. Andtherefore the project is going to be a little more expensive to finance because equity is taking more risk.However, if truly collaborative Contracting is the way forward and can actually deliver better on timeand on budget outcomes, then the additional cost of the private finance, to have collaboratedcontracting is, is insignificant. I haven't quantified it. But you know, you know, several basis points,compared to hundreds of millions of cost overruns. Yeah, I think if we were to do a back of theenvelope, we'll probably come to the conclusion that it's the cost benefit analysis, justify the additionalcost of financing,Jim 34:20 11Transcribed by https://otter.aiwhat's there, there's some and I'm going to get it wrong, but there's some colloquialism about steppingover dollars to pick up pennies kind ofRiccardo Cosentino 34:30Pound Foolish Pennywise PoundJim 34:32Foolish Yeah, the British the British version of the same sentiment. I keep having to remind myself thatwe went to went to graduate school in the UK, butRiccardo Cosentino 34:42yeah, so that's, you know, it'd be interesting it'd be a be interesting. The problem is PPP is a politicalbeast. I mean, the reason PPP was created, it's a political tool.Jim 34:55I mean, it to your point, it serves a purpose. It is a tool that has An application. But they the othercolloquial, I mean God, there's so many colloquialisms we could use. But if all you've got as a hammer,everything starts to look like a nail. I could go on, I'll spare the listeners, too many mixed metaphors andbad analogies. But the it sounds like your research is, or the conclusion is, it's got its place, it can bevery effective. But don't over rely on and the industry really should be open to a candid and evidencesupported discussion about alternatives.Riccardo Cosentino 35:32And it's admitting that to private finance, add an additional layer of complexity. And then the private Jimis that most practitioners don't understand complexity don't understand my major program is complexsystems. So it's not understood that you can't keep adding complexity and, and not not having negativeoutcome. Right, the more complexity you add, the more likely you have to have negative outcome, andadding a private sector lender is adding. So if you if you understand that, then you can manage andmitigate it. But if you don't even understand that private sector lending is additional complexity, thenthen you findJim 36:17that that may be the message or the beginning of the next research project or the next mission,understanding the level of complexity and how major programs are, in fact, complex adaptive systems,maybe we can take that step to your point, everything else will start to improve as well.Riccardo Cosentino 36:35So maybe we should start published, shared that complexity tool that we used complexity assessmenttool,Jim 36:46I'm sure Harvey Mahler would be thrilled if you would post a link to his research on complexity. Well,this has been fascinating. Riccardo, I certainly appreciate it. I've learned a lot. I really enjoyed readingyour research. I do think that there are opportunity. I mean, we've got enough evidence that the PPP is 12Transcribed by https://otter.aidon't work that well outside of some pretty specific application. So I think the work that you've done willcertainly push that conversation forward. And I, you know, I appreciate the opportunity to talk with youabout it.Riccardo Cosentino 37:21Thank you very much, Jim. And thanks for hosting the episode today. And hopefully, I'll have you backover guest in the foreseeable future.Jim 37:28That'd be great. I'd certainly appreciate the chance. Thank you.Riccardo Cosentino 37:32Thank you. That's it. For this episode, we'll navigate the major problems. I hope you found today'sconversation as informative and thought provoking as I did. If you enjoyed this conversation, pleaseconsider subscribing and leaving a review. I would also like to personally invite you to continue theconversation by joining me on my personal LinkedIn at Riccardo Cosentino. Listening to the nextepisode, where we will continue to explore the latest trends and challenges in major programmanagement. Our next in depth conversation promises to continue to dive into topics such asleadership, risk management, and the impact of emerging technology in infrastructure. It's aconversation you're not going to want to miss. Thanks for listening to navigate major problems. And Ilook forward to keeping the conversation going Music: "A New Tomorrow" by Chordial Music. Licensed through PremiumBeat.DISCLAIMER: The opinions, beliefs, and viewpoints expressed by the hosts and guests on this podcast do not necessarily represent or reflect the official policy, opinions, beliefs, and viewpoints of Disenyo.co LLC and its employees.

In this episode of French Insider, Jim Gatto, a partner in Sheppard Mullin's Washington D.C. office and co-chair of its AI team, joins host Sarah Ben-Moussa to discuss what companies should know as they embrace generative AI, including key legal issues, the European Union's Artificial Intelligence Act, and unique due diligence concerns when acquiring or investing in companies that develop or use generative AI.   What We Discussed in This Episode: What is generative AI, and why has it become so newsworthy? What are the key legal issues raised by AI? Who is liable if the output produced by generative AI infringes? Can you provide a broad overview of the European Union's Artificial Intelligence Act?  How does the EU compare to the current landscape in the U.S.? Is it legal for companies to use your output to train their own AI models? What unique issues should be considered when conducting diligence for acquisitions or investments in companies using or developing generative AI? What are some of the most important things companies should do to minimize the risk when using AI?   About James G. Gatto James G. Gatto is a partner in the Intellectual Property Practice Group in Sheppard Mullin's Washington, D.C. office, where he also serves as Co-Leader of the firm's Artificial Intelligence Team and Leader of the Open Source Team. Jim's practice focuses on AI, blockchain, interactive entertainment and open source. He provides strategic advice on all aspects of intellectual property strategy and enforcement, technology transactions, licenses and tech-related regulatory issues, especially ones driven by new business models and/or disruptive technologies.  Jim has over 20 years of experience advising clients on AI issues and is an adjunct professor who teaches a course on Artificial Intelligence Legal Issues. He is considered a thought leader on legal issues associated with emerging technologies and business models, most recently blockchain, AI, open source and interactive entertainment.    About Sarah F. Ben-Moussa Sarah F. Ben-Moussa is an associate in the Corporate Practice Group in Sheppard Mullin's New York office, where her practice focuses on domestic and cross-border mergers and acquisitions, financings and corporate governance matters. As a member of the firm's French Desk, she has advised companies and private equity funds in both the United States and Europe on mergers, acquisitions, joint ventures, financings, complex commercial agreements, and general corporate matters.  As a member of Sheppard Mullin's Energy, Infrastructure and Project Finance team, Sarah also represents renewable energy companies, borrowers, financial sponsors, portfolio companies, commercial banks and other financial institutions in a variety of financing transactions. Her practice focuses on a variety of transactions in the energy sphere, representing renewable energy companies in project-level debt and equity financings of wind and solar facilities.  Before joining Sheppard Mullin, Sarah spent a year and a half studying and working in France,  focusing on corporate transactions and commercial contracts in Europe and internationally. Sarah is also committed to pro bono work, focusing on cases involving children seeking asylum or other immigration-related relief.   Contact Information: James G. Gatto Sarah F. Ben-Moussa   Additional Resources: Copyright Office Artificial Intelligence Initiative and Resource Guide | Law of The Ledger Training AI Models - Just Because It's Your Data Doesn't Mean You Can Use It | Law of The Ledger Solving Open Source Problems with AI Code Generators – Legal Issues and Solutions | Law of The Ledger Congress Proposes National Commission to Create AI Guardrails | Law of The Ledger Sheppard Mullin French Desk Blog Sheppard Mullin Launches Artificial Intelligence Industry Team | Sheppard Mullin   Thank you for listening! Don't forget to SUBSCRIBE to the show to receive every new episode delivered straight to your podcast player every week.  If you enjoyed this episode, please help us get the word out about this podcast. Rate and Review this show in Apple Podcasts, Amazon Music, Google Podcasts or Spotify. It helps other listeners find this show. This podcast is for informational and educational purposes only. It is not to be construed as legal advice specific to your circumstances. If you need help with any legal matter, be sure to consult with an attorney regarding your specific needs.

This episode is part of our new Capital Series hosted by Jason Jacobs. This series explores a diverse range of capital sources and the individuals who drive them. From family offices and institutional LPs to private equity, government funding, and more, we take a deep dive into the world of capital and its critical role in driving innovation and progress. Rob Day is Partner and Co-founder at Spring Lane Capital. Spring Lane Capital provides hybrid project capital with equity for small-scale systems and projects across food, water, energy, transportation, and waste markets. They also bring experienced tools and capabilities to help developers and entrepreneurs succeed with their project deployments. Rob has been around the block in climate tech even before it got its name, and he's learned a lot of useful lessons. Not to mention, Spring Lane has an innovative approach that plays in the capital gap, that so many people talk about between early-stage venture capital and project finance. In this episode, we cover: [2:36] An overview of Spring Lane Capital and the firm's origin story [4:49] The large gap between venture capital and project finance[8:05] Spring Lane Capital's broad approach to different areas of climate [10:52] Capitalizing early-stage companies, scaling, and the role of equity and debt[13:42] Advice for entrepreneurs thinking about different types of capital at various stages of a company's lifecycle [16:06] Triggers for founders to understand when equity is optimal vs debt (Rob's Atlas Organics example)[22:22] How terms vary with Spring Lane Capital's deals vs more traditional lenders [24:43] Where first-of-a-kind (FOAK) projects fit in [30:41] Spring Lane Capital's fund two and its institutional investors[33:19] Skillsets required to be successful in Spring Lane's capital allocation[38:23] Success milestones and Spring Lane's role[40:46] Changing macroeconomics and their impact on Spring Lane's corner of the industry [43:48] Spring Lane's process, key steps, diligence, etc. [50:17] Issues with financing FOAK projects and Spring Lane's plans to address themGet connected: Jason Jacobs Twitter / LinkedInRob Day Twitter / LinkedInMCJ Podcast / Collective*You can also reach us via email at info@mcjcollective.com, where we encourage you to share your feedback on episodes and suggestions for future topics or guests.Episode recorded on Jun 14, 2023 (aired on July 5, 2023) 

Amanda Li found herself in the thick of the arduous and disorganized project finance lifecycle.It was 2014, and she had been hired as Generate Capital's first employee. Li was responsible for all aspects of the deal: originating and underwriting, closing, portfolio management, you name it. Each stage had its own litany of documents, and required endless hours to maintain.It was obvious to Li that the process needed a major upgrade for trillions of dollars to efficiently flow into clean energy, and our climate goals would depend on it.Episode 52 of the Factor This! podcast features Amanda Li, the co-founder and COO of Banyan Infrastructure, a fintech company streamlining clean energy project finance by digitalizing and housing each step in a single platform. Li shares how technology is activating fresh capital for distributed energy projects and bringing new players to the table. Just in time.That's all next on Factor This! You've heard me talk a lot about the GridTECH Connect Forum - Northeast event being held in Newport, Rhode Island Oct. 23-25. Well, registration is now LIVE. We're excited to partner with the DOE to bring together DER developers, utilities, and regulators around the critical issue of interconnection in the Northeast. Click here to register today.

In this episode, we have the opportunity to discuss with Marcia Wiss, corporate lawyer specialized in international project finance and former general counsel of OPIC (now USDFC). We discuss with her the current rules of the road for international investments in developping countries. Including through the lens of rising environnemental concerns regarding these investments and new practices currently spreading : political risk insurances, international minimum standards etc. We also look at the global landcaspe of american foreign assistance institutions and the specific activities conducted by OPIC (now USDFC) to foster economic development through facilitating long-term virtuous investments.

In this podcast, Alberto Simoes and Bridgett Majola of CMS share their insights on the increasing pace and scale of renewable energy projects in Africa, with Africa Legal's Tom Pearson. The good news is that the current upswing in renewable investments in Africa is expected to continue for the foreseeable future. Alberto Simoes, a member of the executive team at CMS Africa and partner heading the Lusophone Africa practice, together with Bridgett Majola, a banking and finance lawyer who leads the Project Finance division for Energy and Infrastructure in South Africa, weigh in on the pros and cons of investing in a continent that is rich with renewable energy resources. Africa has 40% of the world's solar energy potential and huge potential in hydro and wind energy, which is why increasing investment here will contribute greatly to renewable energy and achieve energy transition through sustainable development, says Simoes. However, there are limited financial markets, with the exception of South Africa, Nigeria and Kenya, which require finance from outside the continent – a trend that Simoes has been seeing. When it comes to Lusophone Africa, he says there has been a concerted international effort to create the conditions required for the development of renewable energy in the five countries. He points out that Angola and Mozambique, which have major potential for producing renewable energy, have attracted more investment in this area compared to the others. “There have been huge efforts to modernise the regulatory framework of these countries. In Angola there has been a recent new private investment law flexibility on the foreign exchange and the possibility of dividend repatriation,” Simoes noted. He is of the view that the government needs to focus on simplifying the licensing of projects which is still a cumbersome issue. Majola highlights that many African countries are able to produce minerals that are vital to producing clean energy, and she has observed a shift from using technology from abroad to local suppliers, partly due to regulations that require this. “I think it will assist with any foreign direct investment that comes in or any offshore producer, to also produce locally, because now it should be easier for them to comply with some of the requirements that made it a bit difficult to manufacture in South Africa or in African countries,” Majola said. She notes that while the local empowerment agenda is being embraced, this isn't happening at the speed it should. Simoes and Majola also unpack other legal and regulatory obstacles that investors, developers and enterprise managers experience when venturing into renewable energy, and how these challenges can be overcome.

In this episode of French Insider, Reid Whitten, Managing Partner of Sheppard Mullin's London office, joins host Sarah Ben-Moussa to discuss the U.S.-China trade war, including the conflict's origins, the Foreign Direct Product Rule, and the tangible steps European companies should be taking in light of the current tensions. What We Talked About in This Episode: What are the origins of the U.S.-China trade war? What measures did the U.S. take in the wake of the 2018 National Position Paper declaring China an adversary? As a practical matter, what do European companies need to look out for? How does the Foreign Direct Product Rule work? What is the U.S. attempting to do to get itself on a technological level where it can compete with China? Do we see China retaliating against some of the measures and heated rhetoric coming out of the U.S.? Can you explain the military end-user concept? What tangible steps should European companies be taking as they attempt to navigate the current U.S.-China tensions?   About Reid Whitten As Managing Partner of Sheppard Mullin's London office, Reid Whitten focuses his practice on international trade regulations and investigations. He shares his time serving clients out of the Washington, D.C. office and also leads the firm's CFIUS Team.   Reid works with clients around the world to plan, prepare and succeed in global transactions. He focuses on cross-border investments, particularly in the technology and aerospace sectors, helping clients navigate the international trade regulations that could disrupt their deals. In the areas of economic sanctions, export and defense exports, CFIUS, anti-corruption and tariffs, he supports clients in detecting and addressing potential compliance issues as well as conducting investigations and defending against enforcement actions. He also advises on U.S. anti-dumping, anti-money laundering and anti-boycott regulations. Reid is a member of Chatham House, the UK's Royal Institute of International Affair. In addition to lecturing at the New College of the Humanities in London, at the Université Catholique de Lille in France, and Wake Forest University in the U.S, he also conducts seminars on regulatory updates for industry groups in the U.S., France, Belgium, Spain and the UK. A thought leader on cross-border business regulation, Reid is frequently called upon to provide commentary and analysis for television news channels, international newspapers, and trade publications. He is also the lead author and editor of The CFIUS Book.    About Sarah F. Ben-Moussa  Sarah F. Ben-Moussa is an associate in the Corporate Practice Group in Sheppard Mullin's New York office, where her practice focuses on domestic and cross-border mergers and acquisitions, financings and corporate governance matters. As a member of the firm's French Desk, she has advised companies and private equity funds in both the United States and Europe on mergers, acquisitions, joint ventures, financings, complex commercial agreements, and general corporate matters. As a member of Sheppard Mullin's Energy, Infrastructure and Project Finance team, Sarah also represents renewable energy companies, borrowers, financial sponsors, portfolio companies, commercial banks and other financial institutions in a variety of financing transactions. Her practice focuses on a variety of transactions in the energy sphere, representing renewable energy companies in project-level debt and equity financings of wind and solar facilities. She also serves on the New York office's sustainability committee. Before joining Sheppard Mullin, Sarah spent a year and a half studying and working in France, becoming fluent in French and focusing on corporate transactions and commercial contracts in Europe and internationally. Sarah is also committed to pro bono work, focusing on cases involving children seeking asylum or other immigration-related relief. Contact Information: Reid Whitten Sarah F. Ben-Moussa   Thank you for listening! Don't forget to SUBSCRIBE to the show to receive every new episode delivered straight to your podcast player every week. If you enjoyed this episode, please help us get the word out about this podcast. Rate and Review this show in Apple Podcasts, Amazon Music, Google Podcasts, Stitcher or Spotify. It helps other listeners find this show. This podcast is for informational and educational purposes only. It is not to be construed as legal advice specific to your circumstances. If you need help with any legal matter, be sure to consult with an attorney regarding your specific needs.

In this episode of Emphasis Added, incoming Season 5 host Jake Guarino and Season 4 host Brock Jones met with Archie Fallon, Managing Partner of Willkie Farr & Gallagher's Houston office, to discuss developing legal and transactional trends in the energy transition space as the world marches toward its 2050 goal of net-zero carbon emissions. Archie serves as the Co-Chair of Willkie Farr's Project Finance and Power & Renewable Energy Practice Groups, generally representing private equity funds and corporate clients in strategic energy and infrastructure transactions. Archie also serves as Chair of the Renewables Practice Committee at the Institute for Energy Law and as an advisory board member of Houston's Renewable Energy Alliance. We discussed topics like Houston's involvement in the energy transition, policy implications of clean energy adoption, and recent legislation affecting the energy industry. Season 4, Episode 10 Contents:00:00 – Introduction02:28 – Houston's Renewable Energy Alliance11:37 – The Energy Transition18:04 – Transactional Trends with The Energy Transition23:47 – Policy Considerations for Clean Energy35:07 – ESG Regulations and Concerns42:31 – Greenwashing47:02 – Lawyers' Involvement in The Energy TransitionFor more Emphasis Added content, follow us on Instagram and check out our video content on YouTube!

This week Azeem looks at the personal changes in the Project and Infrastructure Finance World. The DBSA has appointed Boitumelo Mosako as its new CEO  Harbert Management Corporation (HMC) has promoted Claude Estes Link Legal has appointed Prashanth Sabheshan Gibson, Dunn & Crutcher has hired banking and finance specialist Laleh Shahabi  OYA Renewables has appointed Rob Roberti as Executive Vice President of Project Finance, effective March 13, 2023.  Latham & Watkins has unveiled a raft of new partners. Owain Davies, in Singapore, is a member of the Project Development & Finance Practice and Finance Department. José María Alonso, in Madrid, is a member of the Environment, Land & Resources Practice and Litigation & Trial Department. Joshua Marnitz, based in Los Angeles and Houston, is a member of the Environment, Land & Resources Practice and Corporate Department. Denham Capital has appointed Richard Burrell as an Operating Partner for its Sustainable Infrastructure business (DSI).  Gaetan Frotte has been appointed as Chief Financial Officer  CBRE Investment Management (CBRE IM) has appointed Kerron Lezama  DLA Piper has appointed Thananan Sangnuan as a partner  Fabrizio Pierdomenico has been appointed as Brazil's new National Secretary for Ports and Waterway Transport. Nomi Ahmad has been appointed CEO of GE Energy Financial Services (EFS) to succeed Susan Flanagan, effective March 1.  Emmanuel Rollin has been appointed chief executive of Iberdrola France. Copenhagen Infrastructure Partners (CIP) has appointed Martin Neubert as Partner, Group Chief Investment Officer (CIO) and member of the CIP management board. Dele Kuti is due to become head of a new energy and infrastructure group at Standard Bank in Johannesburg, South Africa, according to a source with knowledge of the matter. Kuti is currently global head of oil and gas at the bank. As part of the transition, Stephen Barnes will move from his position as head of power and infrastructure to a new role within the bank.   Shoutout: Don't miss out on the opportunity to join ADNOC, ACWA Power, AMEA Power, Saudi Electric Company, and other industry leaders in Dubai for MENA 2023: EXPORT, PROJECT & DEVELOPMENT FINANCE. This two-day event begins tomorrow, March 14th, and ends on March 15th. Experience a unique networking opportunity, participate in engaging discussion formats, and meet with trailblazers in the field. Hurry and secure the last remaining spots with a 30% leader discount. You can still register virtually, so it's not too late to join us for this exciting event!

This week's guest has travelled a long and winding road to his current treasury role, fulfilling a variety of positions and picking up invaluable experience along the way.On episode 257, we revisit a 2019 release of The Treasury Career Corner with Roger Aguilar, now Treasurer at EZCORP.Roger explains how he began his career in banking and embarked on a cross-country journey across many industries in a variety of treasury positions.Plus, he takes us back to when he de-risked the currency exposure in various jobs, compares his roles across Mexico, the States and the UK and provides top tips and priorities for treasurers in 2023.Roger began his career as Director of Corporate Banking and Project Finance with BBVA in 1995 where he remained for 11 years.He then began a multi-regional role with Merck as LATAM and EMEA Senior Manager of Treasury, automating and centralising the order-to-cash process in the SSC in Dublin.Roger then worked as Treasury Director for Jabil before becoming Senior Director – Assistant Treasurer at CEVA Logistics in 2014.Following a year-long stint as Senior Manager – Treasury Advisory Services at Deloitte, Roger became an Assistant Treasurer at Oceaneering, Treasurer at Wellborne Integrity Solutions and Head of Treasury Transformation in the US for Redbridge Debt & Treasury Advisory.Roger is currently Treasurer at EZCORP.He acquired a BE in Industrial Engineering with Honours from Tecnológico de Monterrey and later, a Finance MBA at Universitat de Barcelona.On the podcast we discussed…His routes in bankingDe-risking the currency exposure in multiple rolesHis time in Mexico, the U.S. and the U.K.The difference in treasury roles in different industriesRoger's views on the future of treasuryHis moves since his 2019 appearance on the podcastAdvice for treasurers in 2023You can connect with Roger Aguilar on LinkedIn.Are you interested in pursuing a career within Treasury?Whether you've recently graduated, or you want to search for new job opportunities to help develop your treasury career, The Treasury Recruitment Company can help you in your search for the perfect job. Find out more here. Or, send us your CV and let us help you in your next career move!If you're enjoying the show please rate and review us on whatever podcast app you listen to us on, for Apple Podcasts click here!If you're interested in learning more about the fundamental pillars of treasury, download my free Corporate Treasury eBook by clicking here!

ASSET BASED & PROJECT FINANCE OPTIONS Moderator: Mrs. Dora Mace-Kokota, Partner - Stephenson Harwood Panelists: Mr. Timothy Soe, Managing Director - Ascension Finance Mr. Christopher Eitzen, Co-Head of Shipping – Clarksons Platou Securities AS Mr. George Fikaris, Managing Director – Entrust Mr. Harris Antoniou, Founder & Managing Director – Neptune Maritime Leasing Ltd Capital Link’s 13th Annual Greek Shipping Forum “Stay Calm & Sail On” Thursday, February 9, 2023 Divani Caravel Hotel, Athens, Greece For more information on the event please visit: https://forums.capitallink.com/shippi...

Ucraina: caduto un elicottero nei pressi di Kiev, colpito un asilo. Tra le vittime bambini e il ministro dell'Interno Monastyrsky. In arrivo una nuova mobilitazione di soldati russi. Il punto con Marco Di Liddo, analista del CeSi (Centro Studi Internazionali). Bollette del gas in discesa a febbraio. Ne parliamo con Roberto Bianchini, economista di REF Ricerche, Professore di Corporate Finance all'Università Bocconi, direttore dell'Osservatorio Climate Finance e professore di Project Finance al Politecnico di Milano. Il ministro Schillaci: "All'esterno, in presenza di bambini e donne incinta, vietare sigarette e sigarette elettroniche". Cerchiamo di fare chiarezza sui rischi da sigarette normali, IQOS e sigarette elettroniche conRiccardo Polosa, direttore del CoEHAR, Centro di ricerca per la Riduzione dei danni dal fumo dell'Università di Catania.

Ascot Resources entered into non-binding letters of intent for C$200 million in project financing for construction of the Premier Gold Project in British Columbia. FPX Nickel announced the first step-out drillhole results confirming continued near-surface lateral extension of strong nickel mineralization at the Van Target at the Decar Nickel District in British Columbia. McFarlane Lake Mining reported early drilling results from its High Lake property in Ontario, including 9.75m grading 9.82 g/t gold. Bonterra Resources announced more results from the ongoing infill drilling campaign at the Barry underground project in Quebec including 4.4m grading 21.9 g/t Au. Denison Mines announced the successful completion of the neutralization phase of the Phoenix in-situ recovery Feasibility Field Test at its Wheeler River project in the Athabasca Basin.

When things get a little choppy during a project due to factors beyond your control, like rates rising or build times blowing out, it helps to have flexible and reliable funding in place to see you through. In this conversation with regular guest and finance guru Dan Holden from Holden Capital, we will be covering: what's happening in the lending markets the outlook for the cash rate challenges many developers are currently facing with build costs and delays case studies and; the release of Dan's book called Constructive Finance. Keep an ear out for how you can win a free copy of Dan's excellent book which covers all things Australian construction finance. I highly recommend it for your property resource library. This is another awesome discussion that I'm sure you will enjoy and it is chock full of gold. Become a Million Dollar Property Developer Grab my book Become a Million Dollar Property Developer about my journey into property development. This book is ideal for anyone who intends to get into small-scale property development and wants an insider's guide to successfully obtaining wealth, fulfilment, and glory. In this book, Justin will share how he succeeded in delivering a 20-townhouse project on his first property development project and what he learned along the way. Many people have a dream of becoming a property developer. They aspire to build properties, grow portfolios, and amass great wealth. However, many people often struggle with making the leap into property development. This book has the answers for how you can make the leap into property development. Grab your copy now. Property Development Training If you are interested in learning the fundamentals of property development, in your own time and at your own pace, then be sure to head over to www.propertydevelopertraining.com and take a look. I take you step by step through the development process so you know exactly what is needed to find a site, run a feasibility and complete a small scale property development, be that a duplex or 3 or 4 unit site. The training includes a bonus program called Taking It To The Next Level for people who may want to go into developing full-time. So head over to propertydevelopertraining.com and take a look... I would love to see you on the inside... Property Developer Quiz Keen to find out how ready you might be to become a developer? Then take the Property Developer Quiz (https://www.propertydevelopertraining.com/quiz) and get a sense of where you are at… Social Connection Property Developer Podcast Facebook – https://www.facebook.com/propertydeveloperpodcast Property Developer Podcast Instagram – https://www.instagram.com/property_developer_podcast/ Property Developer Podcast LinkedIn – https://www.linkedin.com/company/property-developer-podcastLinks Links Holden Capital - https://www.holdencapital.com.au  

John and Simar are joined by Dana & Phil from Flowcarbon and have a great chat about how their backgrounds led to the inception of Flowcarbon, the amazing work they've been doing to help project developers on the ground. The public consultation they've been leaning into and devoting so much time to with all the different voluntary carbon market participants. The background work that's gone into the new centrifuge pools for carbon forward projects, and what they expect to happen in the next six months for tokenizing assets and entering a new era of a liquid supply of carbon credits flowing both on and off-chain. #web3 #blockchain #refi #carbonmarket #investing Mentioned in the show https://www.flowcarbon.com/ Charles Eisenstein https://sacred-economics.com/ 00:00 Intro 02:32 Flowcarbon overview 05:30 Phil's background 07:47 Dana's background 11:53 Price discovery in carbon market 15:39 Two Way Bridge 22:08 Project Finance. Centrifuge 25:48 The Supply & Demand 29:16 The Projects on the Ground 30:40 Behind the Scenes 34:25 Whats Needed Before Mass Adoption 39:36 Future Forecast 44:05 CTA -------------------------------------------- Connect with Dana & Phil: Dana: https://twitter.com/danagibber https://www.linkedin.com/in/danasterngibber Phil: https://twitter.com/philfog https://www.linkedin.com/in/philfog/ -------------------------------------------- Join the conversation on Twitter, follow: https://twitter.com/ReFiDAOist https://twitter.com/climateXcrypto https://twitter.com/simarsmangat Thanks to our friends at Feed Ignite for the podcast and micro-content production: https://feedignite.com --- Send in a voice message: https://anchor.fm/refipodcast/message

The $9.5 billion New Terminal One at New York's John F. Kennedy Airport -- developed, financed and built by a private consortium – will be the largest terminal at the airport when completed, with state-of-the-art technology, sustainability and capacity upgrades. Construction financing for the new terminal closed this summer, followed by the official groundbreaking in September 2022.  The members of the public-private partnership overcame myriad challenges – the global pandemic, volatile air traffic forecasts, supply chain challenges, and rising interest rates – to close the largest single-asset P3 project financing so far in the US.  In this episode, JFK Airport's New Terminal One: “We Have Lift Off,” host Allan Marks (who led Milbank's team representing the banks that are providing over $6.6 billion in construction loans) goes behind the scenes of the project financing with two of its architects: Pete Taylor, a partner at Carlyle, which led the sponsor group developing the new terminal, and Dan Seltzer, a Managing Director at MUFG Bank, Ltd., who acted as the Financial Advisor to the developers.About the Speakers:Peter Taylor is Partner and Co-Head of the Carlyle Global Infrastructure Opportunity Fund (CGI). He is based in Washington, DC.Dan Seltzer is Managing Director for Project Finance in the Global Corporate & Investment Banking group at MUFG in New York.Podcast host Allan Marks is one of the world's leading project finance lawyers. He advises developers, investors, lenders, and underwriters around the world in the development and financing of complex infrastructure projects, as well as related acquisitions, restructurings and capital markets transactions. Mr. Marks also serves as an Adjunct Lecturer at the University of California, Berkeley at the Law School and previously at the Haas School of Business.For more information and insights, follow us on social media and podcast platforms, including Apple, Spotify, Amazon Music, Google and Audible.Disclaimer

Community solar allows households to tap into a local shared solar farm and see savings on their electric bill. This spreads the cost and enables a broader consumer audience to enjoy the benefits of greening the grid.Camelia Miu is the Chief Financial Officer of Nautilus Solar Energy, a leading owner-operator of community solar projects throughout the United States. Nautilus Solar has been in the solar industry since 2006 and, through its Community Solar initiative, is making solar energy available to a broader marketplace in the Northeast and Midwest US.Camelia has over 15 years of experience working in the renewable energy industry. Before joining Nautilus, she held positions as Vice President of Project Finance and Director of Financial Planning and Analysis at SoCore Energy. On this episode of Clean Power Hour, Camelia joins Tim Montague to explain what Nautilus Solar is, their business model, what makes Nautilus stand out from other community solar developers, and much more.Camelia describes her role at Nautilus and how her experience in accounting and finance has helped her there. Listen in to understand what you stand to gain as a consumer when subscribing to community solar and how Nautilus solar is making community solar happen. Key Takeaways1. How Camelia got into the renewable energy industry?2. What makes Nautilus stand out from other community solar developers?3. What does the Nautilus' future in solar look like?4. Camelia's role at Nautilus5. What goes into financing solar projects in 2022?6. What do you stand to gain as a consumer when subscribing to community solar?Connect with CameliaNautilus SolarNautilus Solar on LinkedInCamelia on LinkedInConnect with Tim  Clean Power Hour  Clean Power Hour on YouTubeTim on TwitterTim on LinkedIn Email tgmontague@gmail.com Review Clean Power Hour on Apple PodcastsThe Clean Power Hour is produced by the Clean Power Consulting Group and created by Tim Montague. Please subscribe on your favorite audio platform and on YouTube: bit.ly/cph-sub | www.CleanPowerHour.com | contact us by email: CleanPowerHour@gmail.com | Speeding the energy transition!Corporate sponsors who share our mission to speed the energy transition are invited to check out https://www.cleanpowerhour.com/support/Twice a week we highlight the tools, technologies, and innovators that are making the clean energyCorporate sponsors who share our mission to speed the energy transition are invited to check out https://www.cleanpowerhour.com/support/ Twice a week we highlight the tools, technologies and innovators that are making the clean energy transition a reality - on Apple,

In this special re-release of Episode 2 of the Financial Modelling Podcast, Dario Musso, Co-Head: Infrastructure Sector Solutions at Rand Merchant Bank, talks about Project Finance Models. The discount code for Project Finance Overview - From Inception to Financial Close is FMP9999.  You can also click here.

In this episode of Emerging Markets Decoded, Ada Li and Roxana Munoz of the Infrastructure and Project Finance team join host Thaddeus Best to discuss how climate change is undermining green and conventional power generation.Related content on Moodys.com (some content only available to registered users or subscribers): APAC power utilities' credit quality under pressure from rising physical climate risksHydropower development will peak in 2022; environmental risks limit expansion 

Today's guest is Stephan Nicoleau, Managing Director at FullCycle.FullCycle developed a unique investment model, specifically designed to accelerate the deployment of climate-critical technologies. These technologies must exceed their thresholds for carbon return on investment and deliver above market returns on a risk adjusted basis. Stephan leads the firm's capital formation and partnerships, and brings more than a decade of investing and investment advisory experience to the team.I was excited for this one because FullCycle is interesting. They do both growth stage equity investing and they do project finance and like to get involved early in terms of the first few plants that get built and things like that, which I've heard from many people and founders is a gap and one that's highly additional to help address. We cover a lot in this episode, including Stephan's background and what led him to doing the work that he's doing, FullCycle's model, origin story, and progress to date, as well as their investment approach and how they measure success. We also cover how they think about returns, LP composition, some examples of sectors and companies they have gotten involved with, and what types of resources they bring to bear beyond capital to be helpful to the companies they work with.Enjoy the show!You can find me on twitter @jjacobs22 (me), @mcjpod (podcast), or @mcjcollective (company) and via email at info@mcjcollective.com, where I encourage you to share your feedback on episodes and suggestions for future topics or guests.Episode recorded April 19, 2022To learn more about FullCycle, visit: https://www.fullcycle.com/To learn more about this episode, visit: https://mcjcollective.com/my-climate-journey-podcast/stephan-nicoleau

Today's guest is Cam Hosie, CEO of 8 Rivers Capital.Cam Hosie is the Chief Executive Officer of 8 Rivers Capital, and leads the development and commercialization of 8 Rivers' technology portfolio and projects. Cam joined 8 Rivers in 2012. Prior to joining 8 Rivers, Cam was an energy corporate finance lawyer at Clifford Chance LLP and Russell McVeagh, focusing on major project development in Europe, the Russian Federation, Asia, the Middle East, North America, and New Zealand, regularly helping projects navigate complex commercial and legal issues in diverse jurisdictions with wide-ranging stakeholders. Current Chief Executive Officer at 8 Rivers, and former Chief Operating Officer, he has brought to bear his previous major project experience to mold 8 Rivers into a world-class execution team ready to deliver critical net-zero solutions. Cam has helped lead financing rounds for 8 Rivers and its portfolio companies and has managed strategic execution. Cam holds a Bachelor of Science in Computer Science and Bachelor of Laws from Victoria University of Wellington, and a Master of Laws focused on international business, trade, and tax from Duke Law.I was looking forward to this episode because 8 Rivers has such an innovative model, and both the type of technologies they are bringing to market and their approach are so different than the VC-backed startup world that I come from. And also so important for the climate fight!  It is a great discussion, and you will learn a lot, for sure.Enjoy the show!You can find me on twitter @jjacobs22 (me), @mcjpod (podcast), or @mcjcollective (company) and via email at info@mcjcollective.com, where I encourage you to share your feedback on episodes and suggestions for future topics or guests.Episode recorded March 18, 2022To learn more about 8 Rivers Capital, visit: https://8rivers.com/To learn more about this episode, visit: https://mcjcollective.com/my-climate-journey-podcast/cam-hosie

On this week's Industrial Talk we're talking to Brentan Alexander, President of New Energy Risk about "Project Finance as a deployment tool for companies in the new energy space".  Get the answers to your "Project Finance" questions along with Brentan's unique insight on the “How” on this Industrial Talk interview! Finally, get your exclusive free access to the https://industrialtalk.com/wp-admin/inforum-industrial-academy-discount/ (Industrial Academy) and a series on “https://industrialtalk.com/why-you-need-to-podcast/ (Why You Need To Podcast)” for Greater Success in 2022. All links designed for keeping you current in this rapidly changing Industrial Market. Learn! Grow! Enjoy! BRENTAN ALEXANDER'S CONTACT INFORMATION: Personal LinkedIn: https://www.linkedin.com/in/brentan/ (https://www.linkedin.com/in/brentan/) Company LinkedIn: https://www.linkedin.com/company/new-energy-risk/ (https://www.linkedin.com/company/new-energy-risk/) Company Website: https://newenergyrisk.com/ (https://newenergyrisk.com/) PODCAST VIDEO: https://youtu.be/FTkGICLnwBk THE STRATEGIC REASON "WHY YOU NEED TO PODCAST": https://industrialtalk.com/why-you-need-to-podcast/ () OTHER GREAT INDUSTRIAL RESOURCES: NEOM:  https://www.neom.com/en-us (https://www.neom.com/en-us) AI Dash: https://www.aidash.com/ (https://www.aidash.com/) Armis: https://www.armis.com/ (https://www.armis.com/) Trend Micro: https://www.trendmicro.com/en_us/business.html (https://www.trendmicro.com/en_us/business.html) CAP Logistics: https://www.caplogistics.com/ (https://www.caplogistics.com/) Industrial Marketing Solutions:  https://industrialtalk.com/industrial-marketing/ (https://industrialtalk.com/industrial-marketing/) Industrial Academy: https://industrialtalk.com/industrial-academy/ (https://industrialtalk.com/industrial-academy/) Industrial Dojo: https://industrialtalk.com/industrial_dojo/ (https://industrialtalk.com/industrial_dojo/) We the 15:https://www.wethe15.org/ ( https://www.wethe15.org/) YOUR INDUSTRIAL DIGITAL TOOLBOX: LifterLMS: Get One Month Free for $1 – https://lifterlms.com/ (https://lifterlms.com/) Active Campaign: https://www.activecampaign.com/?_r=H855VEPU (Active Campaign Link) Social Jukebox: https://www.socialjukebox.com/ (https://www.socialjukebox.com/) Industrial Academy (One Month Free Access And One Free License For Future Industrial Leader): https://industrialtalk.com/wp-admin/inforum-industrial-academy-discount/ () Business Beatitude the Book Do you desire a more joy-filled, deeply-enduring sense of accomplishment and success? Live your business the way you want to live with the BUSINESS BEATITUDES...The Bridge connecting sacrifice to success. YOU NEED THE BUSINESS BEATITUDES! TAP INTO YOUR INDUSTRIAL SOUL, RESERVE YOUR COPY NOW! BE BOLD. BE BRAVE. DARE GREATLY AND CHANGE THE WORLD. GET THE BUSINESS BEATITUDES! https://industrialtalk.com/business-beatitude-reserve/ ( Reserve My Copy and My 25% Discount) PODCAST TRANSCRIPT: 00:04 Welcome to the industrial talk podcast with Scott Mackenzie. Scott is a passionate industry professional dedicated to transferring cutting edge industry focused innovations and trends while highlighting the men and women who keep the world moving. So put on your hard hat, grab your work boots, and let's go. 00:22 Hello, and welcome to industrial talk. The number one industrial real related podcast in the universe said features industry heroes all around the world because you are bold, you're brave, you dare greatly you innovate. You're solving problems. You're making my life better. Yeah, you are. You're making communities better. Yes. And you're changing the world each and every day. Thank you very much for what you do. All right. We're going to be talking about on this podcast, project finance, you need money, you know the fulfill that dreams however, you're going to finance it you need. You need individuals like Brenton Alexander, new energy...

 In this episode, we are joined by Sameer Qureshi, Co-Owner and Managing Partner at El Grupo SN, a New York-based hospitality company that develops, curates, owns, and operates rooftops, bars, and restaurants. He has over 15 years of experience in the Power & utility sector that includes Corporate Finance, Mergers & Acquisitions, Project Finance, P3 Finance, Tax Equity & Tax Exempt Finance. In his current position as Director of Acquisitions & Structuring at Clearway Energy, he is responsible for acting as a liaison between internal teams and the capital markets across project development, M&A & Corporate Finance Initiatives. Sameer shares his story from Bahrain to the Bronx and how he became his own boss. Tune in to learn more!