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A large number of key players in the renewable energy industry kicked off their 2024 in New Orleans, Louisiana for the Annual Infocast Projects & Money event. Attendees at the event included representatives from a number of energy project developers, advisors, construction contractors and capital providers, including private equity as well as financial institutions.
Note: Darin Lowder and Sunita Paknikar discussed this article on a recent episode of the Powered by Foley podcast. Click here to listen. Construction financing is used to fund the construction of renewable projects prior to such projects obtaining long-term financing. Because construction loans are disbursed during a high-risk phase of a project, these loans carry different terms, pricing and conditions than subsequent longer term financing facilities.
Construction lending is often an essential financing mechanism to bridge the gap between the drawing board and commercial operation for an energy project. From afar, it can feel like a convoluted process. Fortunately, on this episode of the Powered by Foley podcast, we are joined by Darin Lowder and Sunita Paknikar from our DC office.
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