Energy project finance continues to adjust to rising uncertainty, shifting market structures, and evolving revenue expectations. Lenders are struggling to underwrite against merchant exposure, forcing a revisiting of assumptions around debt service coverage, downside risk, and post-contract merchant tails. This discussion will examine how market participants assess pricing and volume risk, manage concentration and overexposure, and evaluate alternative financing structures such as preferred equity and revenue swaps. Speakers will provide perspective on how capital allocation strategies evolve as traditional financing frameworks adapt to more dynamic and uncertain power markets.
Speakers:
- Chris Kolosov, Partner, Renewable Energy Project Finance, Sheppard
- Scott Butin, Vice President, Environmental Finance, US Bank
- Sophie Brkovic, Vice President of Structured Project Finance, Foss & Co
- Jonathan Kim, Managing Director, Head of Power & Infrastructure, Mizuho