Heiko Ludwig shares firsthand insights from the structured finance trenches, revealing how macroeconomic volatility, inflation, and interest rate hikes are reshaping how banks assess and price risk for energy infrastructure.

He explains that project finance is under pressure, especially in renewables, due to shorter PPAs, cannibalisation risks, and unpredictable regulatory environments.

The discussion delves into how geopolitical tensions, commodity prices, and policy shifts impact both greenfield and refinancing deals.