GE Energy Financial Services MD and head of renewables, Gaurav Raniwala, was featured in a ReCharge story on the US offshore wind financing market. In the story, he states "Achieving 30GW will require around $60bn of capital. This is roughly equivalent to $30bn of debt - construction and term - and sponsor equity, plus $30bn in tax equity, he said. Those numbers may decline as advances in digital, foundations, grids, materials, turbines, and other technologies impact project costs, and the US fully develops east coast ports and supply chains for offshore wind." He adds, "most of the established tax equity providers know the offshore wind space is being covered by very reputable sponsors and the projects would have long-term off-take contracts with creditworthy counter-parties. Given those two things, these projects are definitely going to be attractive for tax equity investors." Read the full story here.

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Susan Flanagan, President & CEO of GE Energy Financial Services, came together with industry experts in a panel discussion on the US thermal power markets. Susan and the panelists shared their perspectives on the PJM Interconnection capacity auction results for delivery year 2022/2023, the US Federal Energy Regulatory Commission (FERC) over the Minimum Offer Price Rule (MOPR), the 2020 Texas power crisis and the role of market design, and carbon capture and hydrogen gas technology advancements amid growing ESG trends. View the roundtable discussion, here.

Susan Flanagan, President & CEO, GE Energy Financial Services writes for Project Finance International: The role of Export Credit Agencies (ECA) in financing offshore wind projects is set to grow, with billions needed to finance a huge rollout of new projects by 2030. Following the success of the UK's Dogger Bank, Europe is posted to lead the way. Read the full article, here.

GE Energy Financial Services released a white paper that identifies the need for Export Credit Agencies (ECAs) to support global project sponsors and exporters around the world. The paper includes five recommendations to the ECA community that enable access to capital and sustained export trade for critical projects globally during the COVID-19 recovery phase. Read the full paper, here.