Edward Zaelke Edward Zaelke

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Edward (Ed) Zaelke is the head of the Firm’s Global Energy Project Finance group. He focuses his practice on project finance and private equity in renewable energy transactional matters. With more than 30 years of experience, he advises clients on all elements of alternative energy development and finance, including equity and debt financing, merger and acquisition transactions, equipment purchase and sale agreements, power purchase agreements, siting and other real property issues, governmental approvals, and engineering, procurement and construction (EPC) contracts. Read Ed Zaelke's full bio.

Six Takeaways from Wind Turbine Vendor Update: A Conversation with GE Renewable Energy


By , and on Jul 31, 2020
Posted In Power Markets, Project Development and Finance, Renewables

McDermott hosted GE Renewable Energy North America Services Sales Leader Ben Stafford, Commercial Director of Onshore Wind for the North Region Rob Bienick and Commercial Director of Onshore Wind for the West Region Matt Lynch on July 30 for a discussion about COVID-19’s impact to turbine supply chain and construction, the effects of the Production...

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Key Takeaways: Achieving Low-Cost Decarbonization Through Power Markets, Infrastructure and Grid Operations


By and on Jul 21, 2020
Posted In FERC, Power Markets, Project Development and Finance, Renewables

McDermott hosted Rob Gramlich, Founder and President of Grid Strategies, LLC, on July 16 for a discussion of low-cost decarbonization strategies for the electricity sector. We framed the discussion around 2020 US Presidential Candidate Joe Biden’s recently announced goal of getting to zero carbon emissions from the electricity grid by 2035. Here are three takeaways...

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Five Takeaways: What’s New in Energy Private Equity? Trends and Developments in a Shifting Investment Landscape


By , and on Jun 26, 2020
Posted In Power Markets

McDermott recently hosted Andrew Ellenbogen of EIG Partners and Jeff Hunter of Apollo Global Management for a lively discussion about the trends and developments in today’s shifting investment landscape. Below are key takeaways from this week’s webinar. The most impactful changes in energy investment over the last decade have been the drop in natural gas...

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Five Takeaways: An In-Depth Look at the Federal Legislative Game Plan to Support Renewables


By , and on May 15, 2020
Posted In Renewables, U.S. Congress

On Thursday May 14, McDermott was joined by Gregory Wetstone, president and chief executive officer of the American Council on Renewable Energy (ACORE) to discuss the latest market updates on the severe disruption and uncertainty brought on the renewables industry by COVID-19. Five takeaways from this week’s webinar below: There is no clear insight yet into...

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Six Takeaways: Shifting Market Dynamics in Corporate PPAs


By , and on May 8, 2020
Posted In Power Markets, Project Development and Finance, Renewables

On Thursday, May 7, McDermott Partners Ed Zaelke and Carl Fleming were joined by Christen Blum, head of the Renewable & Analytics Advisory practices at Edison Energy, to hear her thoughts on the current effects of COVID-19 on the corporate power purchase agreement (PPA) market. Below are six takeaways from this week’s webinar: Despite COVID-19, there...

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President Trump’s Executive Order on US Bulk Power System Electric Equipment: Questions and Analysis


By , , , , , , and on May 4, 2020
Posted In Power Markets, Renewables

President Trump’s May 1, 2020, Executive Order prohibiting certain transactions involving bulk-power system electric equipment developed, manufactured or supplied by a foreign adversary could have far-reaching implications for both the renewable and conventional power industries. The breadth of the Executive Order raises key questions and concerns for sponsors and developers of energy projects, construction contractors...

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Six Takeaways: How Utilities and IPPs Are Responding to COVID-19


By , , , and on May 1, 2020
Posted In Natural Gas, Power Markets, Project Development and Finance, Renewables

On Thursday, April 30, McDermott was joined by Brett Kerr, vice president of external affairs at Calpine, Drew Murphy, senior vice president of strategy and corporate development at Edison International, and Andrew Campbell, director of regulatory support and planning at NiSource who shared their perspectives on how investor-owned utilities and independent power producers are managing the COVID-19 crisis....

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COVID-19 and Wind Projects: A Legal and Commercial Checklist for Tax Equity, Debt Financing and Project Documentation


By , and on Mar 30, 2020
Posted In Power Markets, Renewables, Tax

The Coronavirus (COVID-19) pandemic has severely disrupted the wind market’s supply chain and labor resources, resulting in significant project delay risk. This legal and commercial checklist is a comprehensive practitioner’s guide to help sponsors and borrowers review their tax equity, financing, offtake and material project documents to ensure compliance with obligations, prevent unnecessary default triggers,...

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What COVID-19 Means For Renewable Projects And Financing


By , and on Mar 26, 2020
Posted In Renewables, Tax, U.S. Congress

The world is facing a situation unprecedented in modern times with the global spread and impact of COVID-19. Its rapid spread has brought severe disruption and uncertainty to everyone’s personal lives, as well as to the wind, solar and storage industry supply chains, the renewable project financing market, and global markets at large. While the...

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Community Choice Aggregators on the Rise as an Alternative Electricity Provider


By on Nov 13, 2019
Posted In Power Markets, Project Development and Finance, Renewables

Community choice aggregators (CCAs) are growing in popularity as an alternative electricity provider for communities that want more local control over their energy mix. And so, financiers, CCAs and other business leaders must assess what this growth means for the electric grid, utility business models and project finance. While there’s a primary focus on California,...

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