Richard Susalka is a Projects partner. He represents project developers, lenders and investors in a range of project-related financings (project-level, back-levered, development, mezzanine and receivables), as well as alternative debt and equity transactions in the energy sector. Richard also advises project developers and investors on joint venture arrangements, build-transfer arrangements, project documents and other development activities in the energy sector. His transactional experience includes projects using solar, wind, energy storage, conventional power, petrochemical development, and other technologies. Prior to becoming partner, Richard completed extended assignments as acting in-house counsel at a NY-based private equity group, a NY-based international project developer, and a Dubai-based international project developer.
As we see a shift in renewable power revenue models, there has been an emergence of novel approaches expanding access to new players. We have seen investor appetite grow with institutional investors much more willing to back projects at an early stage now than previously. We’ve also seen M&A activity as investors targeted a range of company types, sometimes avoiding assets exposed to power price risk. What’s next? To sustainably scale in this industry, revenue models must evolve to both account for growing demand and to future-proof against dynamic variables including fuel pricing, supply chain challenges, policy changes and local resistance. Hear from a panel of experts from across the spectrum who will challenge the audience to think about how to evolve their business models to build in more resiliency and show why business as usual won’t get the industry to the next stage.