A few years ago, capital was crowding into cleantech on the theory that the energy transition was accelerating on every vector. The picture has since become more nuanced, with fund managers and institutional investors revolving back to a return’s orientation balanced with investment horizon realism. Clean energy project developers are being asked to show cash flow potential, and new technologies need a demonstrable path to market. Short-cycle investors are focused on margins, while long-cycle investors are still attuned to growth opportunities. How do companies, investors and developers craft their strategies in this new multiple choice capital markets environment?
S&P Global
Executive Director, Financial and Capital Markets
Chairman, Houston Energy Transition Initiative
Chief Executive Officer, Artemis Energy Partners
ING
Americas Head of Sustainable Finance
Partners Group
Co-Head of Infrastructure Investment Research
Generate Capital
Senior Managing Director & Head of Credit