This episode is first in a series on global project finance, organized in partnership with SMBC Group. With a number of 4 episodes covering Europe, Australia, Asia and the US, this series is hosted by Aurora, with guests from SMBC Group, various law firms and Aurora. In this episode, we have Ana Barillas, our Head of Iberia talking to Caroline Lytton, Managing Director, Head of Power & Renewables Global Structured Finance EMEA at SMBC, John Dewar, Partner at Milbank London and Casimir Lorenz, Principal at Aurora.  Caroline has started working in project finance in 2003, she has always been focused on infrastructure having 12 years’ experience in oil and gas. 3 years ago she was asked to head up the SMBC power and renewables business.  John has lots of experience in the sector, and with Milbank, which has one of the largest renewable practices in the world. He became a partner in the late 90’s and has worked on a series of IPP projects in the UK and Europe. At Milbank John works on renewable energy projects but also in the hydrogen space and the in EV and battery space.  Casimir leads the renewable energy practice of Aurora’s consulting team for continental Europe and he has been active in the energy space for the last 10 years. Before joining Aurora 4 years ago he did a PhD in Energy Economics followed by a post-doc at the German Institute for Economic Research focussing on policy consulting.  The main topics include: •The level of activity right now in the project finance space  •The impact of a higher-inflation and higher cost environment on typical project finance terms •Merchant risk and the biggest uncertainty in power markets at the moment •Managing the policy and regulatory risk in the power sector from a project finance perspective Support the show