30 April 2024 – Green energy debt – predictable income with a positive impact

Online morning coffee with Berenberg.

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The private debt market continues to be a popular area for institutional investors seeking reliable yield. Similarly, demand justifiably continues to grow for investment opportunities that provide a positive environmental impact. Unsurprisingly, therefore, renewable energy infrastructure is a natural area for investors to explore.

This session investigated the existing opportunity for investors in green energy debt. Berenberg discussed the importance of understanding the capital structure and the relative attractiveness of certain types of debt compared to equity in this context and how it can be a catalyst for the rollout of renewable energy projects.

In doing so, Berenberg also discussed the risks of such investment opportunities 'falling through the cracks' within a traditional asset allocation approach and potentially because of industry consolidation among asset owners, such as LGPS pooling.

Who was this event open to?

  • Anyone involved in LGPS pools and funds.
  • Insurance company investment teams.
  • Defined benefit, defined contribution schemes and foundations considering corporate debt investment in the transition to clean energy.
  • Investment consultants and independent advisers.

Why should you attend?

  • Green energy debt provides regular cashflow with an attractive return.
  • It also meets the requirements of many schemes that are looking to invest in the transition to clean energy.

Sponsor


Speakers' biographies 

Malte Delfs, Corporate Banking & Structured Finance, Berenberg 

Marco Lenfers

Malte is Product Specialist for Private Debt at Berenberg in Hamburg, Germany. Prior to joining Berenberg, Malte was at MUFG Bank in London, UK, where he worked in the EMEA DCM Loans Team to structure M&A financings for large caps. Malte also gained experience with HSH Nordbank in Hamburg in the Loan Syndications and Sales Team, where he covered energy and infrastructure.

Malte holds an MBA from FOM University of Applied Sciences in Hamburg and a bachelor's degree in business administration with a focus on finance from DHSH University in Kiel, Germany. 

Nicolas Leissle
, Corporate Banking, Infrastructure & Energy, Berenberg 
 

Nicolas Leissle

Nicolas joined Berenberg's Infrastructure & Energy team in 2018. Prior to this, he gained several years project experience in leveraged finance transactions and renewables during a traineeship and analyst role at ODDO-BHF. 

Nicolas holds a Master of Science in Economics from the University of Ulm and the University of Adelaide.


Steven Gardner, Head of Asset Management Sales & Client Relations, UK, Berenberg
 

Steven GardnerSteven heads Berenberg’s asset management business in the UK. He is responsible for managing relationships with UK institutional investors of all types and investment consultants.

Having started out as an investment analyst in the private markets team of Standard Life Investments, Steven has gone on to have a varied career in finance over the last two decades working with a range of different institutional investors in the UK, Australia, North America and continental Europe. 

Working at firms such as Baillie Gifford, Franklin Templeton and Jupiter Asset Management this experience has covered a range of asset classes.

Steven holds a first-class Honours degree in Economics and was the recipient of the Sir Charles Carter Prize for Achievement in the field of the Economics of Innovation. 

Host

David Brown, Senior Director & Training Lead, Pensions for Purpose

David Brown

David has worked in the pension and financial services industry for over 35 years and has both UK and international experience. As well as being Senior Director & Training Lead at Pensions for Purpose, David is an accredited professional pension trustee. 

David has broad investment, risk management and operational experience across both defined benefit and defined contribution schemes with a particular interest in environment, social and governance (ESG), and climate change. He holds the CFA Certificate in ESG Investing as well as being a Fellow of the Pensions Management Institute.


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Watch recording here