Kristian Clausen

Speaker

Director

AIP Management

United States

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Stream

Equity view: project risk, returns and what GPs will not finance in 2027

Andrew Kim

Managing Director,

JLC Infrastructure

Kristian Clausen

Director,

AIP Management

Contrasting equity versus credit pricing of the same risk
Mapping sponsor equity plugging tax-equity and bank holes
Setting core versus value-add hurdles, including developer returns in the low teens
Drawing the yes list and no list: sectors, structures, FEOC names, offtakers
Asking whether you still do the deal if transformers and labour, not the credit, are the constraint