Episode 540

540: The IRA Solves One Problem, But Creates Another, with Andy Redinger of KeyBanc Capital Markets

Published on: 15th November, 2022

In today's Tactical Tuesday, we talk with Andy Redinger, head of the Utilities, Power & Renewable Energy Group at KeyBanc Capital Markets (KBCM).  

KBCM is Cleveland-based KeyCorp's corporate and investment banking arm. It's North America's leading renewables project finance lender and provides services to clean technology firms in the power generation, smart grid, energy management, and pollution control sectors. 

Andy discusses KeyBank's response to a spate of fast followers in the renewable energy lending space, examines the role of construction and term debt and equity, and looks at lessons learned from the unfortunate demise of yieldcos. (Yieldcos are tools for financing clean energy projects with cheap stock market capital from a diverse pool of dividend-focused investors, and it was once a very popular option for wind and solar development platforms.)

Andy gives his perspective on the US Inflation Reduction Act (IRA), which includes extensions and enhancements to existing tax credits to spur the development of renewable energy projects. "It was like throwing gasoline on a roaring bonfire," Andy said. 

Why does he think that? Tune in to find out that and more about financing renewable energy projects.

The conversation was part of the RE+ PowerUp Media Zone, a live production of SunCast Media.

If you want to connect with today's guest, you’ll find links to his contact info in the show notes on the blog.

SunCast is presented by Sungrow, the world’s most bankable inverter brand.

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Remember you can always find the resources and learn more about today’s guest, recommendations, book links, and more than 539 other founder stories and startup advice at www.mysuncast.com.

You can connect with me, Nico Johnson, on Twitter, LinkedIn or email.

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About the Podcast

SunCast
SunCast is dedicated to providing the knowledge, research, tools and expert guidance you need to understand, grown and be ahead of the curve in the fastest growing solar markets in the world. Each week, host Nico Johnson takes you deep into conversations with solar energy industry executives from leading companies like SolarCity, SunEdison, Nextracker, Trina Solar, Conergy, Greentech Media and discovers what THEY are using to get ahead in emerging markets like Mexico, Chile, Brazil, Panama, Colombia and elsewhere in Latin America and the Caribbean. Tune in, and stay informed.