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Financial Services | The energy to change the world

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class="container-custom content-wrapper"><div class="content-container"><div class="content d-block"><div class="col-12 col-lg-9 col-xl-7"><h2 class="title">Financial Services at GE Vernova</h2></div><div class="col-12 col-lg-8 col-xl-7"><div class="right-col"><p class="desc">The energy transition cannot happen without access to capital.*<br><br>GE Vernova's Financial Services business offers project development and financial solutions to support customers and projects through a wide range of investing and structuring activities-from the early development stages to construction and into operations.</p></div></div></div></div></div><div class="img-wrapper"><div class="image-feature"><picture><img src="/sites/default/files/2024-08/fs-landing-page-headerrv.jpg" data-entity-type="file" data-entity-uuid="42b3c9fc-42da-45a7-a2c6-6240e4614218" data-image-style="original" alt="Selections from 2019 Greenville, South Carolina photoshoot Approved for Internal and External Use ROLE NAME Photographer Clint David Communications/Approvals Greg Stock Creative Services James Wyanski Legal Review Theo Stamatiadis IP and Product Review Vivekanandhan EHS Review Luke Tow" class="bg-img"/></picture></div></div></div></section> <section id="Specialized expertise" class="wp-block-vernova-overview-headline"><div class="container-custom"><h4 class="headline">Specialized expertise, project development capabilities and capital solutions to enable energy transition projects.<br><br>Established over 45 years ago within GE Capital, Financial Services has an impressive track record in project development, structuring, risk, environmental, permitting, tax, insurance, principal investing, project financing and regulatory affairs to support our customers.</h4></div></section> <section id="About Financial Services" class="wp-block-vernova-feature-text-card-stack" style="color:var(--ge-night)"><div class="container-custom"><div class="text-content-wrapper"><div class="content-info col-12 col-lg-4"><h2 class="heading">About us</h2><p>With in-house project specialists -聽across commercial, finance, risk, environmental, technical, permitting, legal, tax, insurance, regulatory affairs and market strategy聽- and a broad network of strategic and investment partners, our offering is unique and unmatched by any industry OEM.<br><br>Financial Services has helped deliver聽$25B+ of capital to ~30 gigawatts聽of global renewable projects, through co-development funding, balance sheet investments and third-party capital.<br><br>Leveraging the scale and breadth of GE Vernova's energy transition products, we partner to create new market opportunities, influence policy and funding decisions and ensure access to the capital required to meet net zero and ESG goals.</p><div class="ge-btn button-icon text-card-stack-btn btn-arrow-right-icon button-primary hide" role="button">Label</div></div><div class="content-row-list col-12 offset-lg-1 col-lg-7 light-theme"> <section class="wp-block-vernova-feature-text-card"><div class="card-wrapper"><div class="card-count col-12 col-md"><h5 class="subheading">Scale</h5></div><div class="card-text"><h5 class="subheading">Scale</h5><p>We serve GE Vernova's global power and renewable energy customers by providing financial solutions at any stage of a project. Our solutions span the capital spectrum and reach customers across the 180 countries GE Vernova operates in.</p><div class="ge-links link-icon text-card-btn btn-arrow-right-icon hide button-tertiary"><h6 class="link-btn-text">Label</h6><span class="bottom-border"></span></div></div></div></section> <section class="wp-block-vernova-feature-text-card"><div class="card-wrapper"><div class="card-count col-12 col-md"><h5 class="subheading">People</h5></div><div class="card-text"><h5 class="subheading">People</h5><p>Our leadership team has an average of 20+ years of industry expertise and is supported by a team of specialists in risk, portfolio, tax, insurance, legal, engineering, environmental, market strategy and regulatory affairs.</p><div class="ge-links link-icon text-card-btn btn-arrow-right-icon hide button-tertiary"><h6 class="link-btn-text">Label</h6><span class="bottom-border"></span></div></div></div></section> <section class="wp-block-vernova-feature-text-card"><div class="card-wrapper"><div class="card-count col-12 col-md"><h5 class="subheading">Financing</h5></div><div class="card-text"><h5 class="subheading">Financing</h5><p>We help developed and emerging markets finance their energy needs. We offer a wide range of investing and capital raising solutions, tailored to our customers' needs.</p><div class="ge-links link-icon text-card-btn btn-arrow-right-icon hide button-tertiary"><h6 class="link-btn-text">Label</h6><span class="bottom-border"></span></div></div></div></section> </div></div></div></section> <section id="Financial Services Statistics" class="wp-block-vernova-statistics light-container pt-0 pb-0"><div class="container-custom hero-primary-container"><h3 class="heading"></h3><p class="description"></p><div class="stat-section row"> <div class="wp-block-vernova-stat-value col-12 col-md-6 col-xl-3"><div class="stat-container"><div class="stat"><p class="stat-value">45+</p><hr class="ruler"/><p class="stat-description">Years experience</p></div></div></div> <div class="wp-block-vernova-stat-value col-12 col-md-6 col-xl-3"><div class="stat-container"><div class="stat"><p class="stat-value">$50B+</p><hr class="ruler"/><p class="stat-description">ECA financing capacity</p></div></div></div> <div class="wp-block-vernova-stat-value col-12 col-md-6 col-xl-3"><div class="stat-container"><div class="stat"><p class="stat-value">$25B+</p><hr class="ruler"/><p class="stat-description">Renewable investing experience</p></div></div></div> <div class="wp-block-vernova-stat-value col-12 col-md-6 col-xl-3"><div class="stat-container"><div class="stat"><p class="stat-value">$50B+</p><hr class="ruler"/><p class="stat-description">Capital investment experience</p></div></div></div> </div></div></section> <section id="Financial Services - Our Focus" class="wp-block-vernova-carousel-expertise light-theme"><div class="container-custom"><div class="heading-text"><h4 class="heading">Our Focus</h4></div><div class="card-carousel-container"> <div class="wp-block-vernova-card-expertise"><div class="card-link"><div class="card-content pad-change"><div class="text-content"><h5 class="title">Strategy</h5><p class="para show full-height">Through our development, investment, financing and asset management activities, we are accelerating a pipeline of bankable wind, power, electrification and other energy transition projects required to simultaneously decarbonize and electrify the world with state-of-the-art technology from GE Vernova.</p></div></div></div><div class="bottom-section"><div class="read-more"><div class="name">Read More</div><i class="content-icon svg-ficon-plus"></i></div></div></div> <div class="wp-block-vernova-card-expertise"><div class="card-link"><div class="card-content pad-change"><div class="text-content"><h5 class="title">Capital Solutions</h5><p class="para show full-height">Our bespoke solutions span co-development funding, balance sheet investments and access to a large pool of third-party capital from public and private sector investors to enable projects at any stage, from early-stage and pre-construction financing to operations.</p></div></div></div><div class="bottom-section"><div class="read-more"><div class="name">Read More</div><i class="content-icon svg-ficon-plus"></i></div></div></div> <div class="wp-block-vernova-card-expertise"><div class="card-link"><div class="card-content pad-change"><div class="text-content"><h5 class="title">Financing Network</h5><p class="para show full-height">We have access to Export Credit Agencies (ECA), Development Finance Institutions, regional and international commercial banks, and strategic investors and partners that play a critical role in financing the energy transition.</p></div></div></div><div class="bottom-section"><div class="read-more"><div class="name">Read More</div><i class="content-icon svg-ficon-plus"></i></div></div></div> <div class="wp-block-vernova-card-expertise"><div class="card-link"><div class="card-content pad-change"><div class="text-content"><h5 class="title">Value Creation</h5><p class="para show full-height">We underwrite investments in quality energy infrastructure assets with strong risk adjusted returns, realizing value for our partners, buyers and GE Vernova.</p></div></div></div><div class="bottom-section"><div class="read-more"><div class="name">Read More</div><i class="content-icon svg-ficon-plus"></i></div></div></div> </div></div></section> <section class="wp-block-vernova-headshot-image-stack leaders-card-section" id="Financial Services Leadership Team"><div class="bg-img"><picture> <img src="https://assets.gevernova.com/transform/9bdca51a-2c0d-4882-b2d0-e079af7b6b7c/Motion-Particle-Stills-8" alt="Stills from the Motion Particle video assets"/></picture></div><div class="container-custom"><div class="lc-container d-flex flex-wrap px-0 p-lr"><div class="lc-card-container d-flex col-12 flex-wrap"><div class="col-12 title-row"><h5 class="leader-title">Leadership Team</h5></div> <div class="leaders-card col-12 col-md-6 d-flex flex-wrap"><div class="leader-card-content d-flex col-12 flex-wrap"><div class="leader-img-content d-flex"><img loading="lazy" src="/sites/default/files/2024-08/headshot-ak5a8711.jpg" alt="GE Vernova"/></div><div class="leader-info-content d-flex flex-wrap"><div class="card-text-content col-12"><h6 class="leader-name d-flex col-11">Nomi Ahmad</h6><p class="leader-post d-flex col-11 flex-wrap"><span class="col-12 d-flex">Chief Executive Officer</span></p><p class="leader-caption d-flex col-11 mb-0 flex-wrap"><span class="col-12 d-flex">Nomi Ahmad聽is Chief Executive Officer ('CEO') at GE Vernova's Financial Services business where he is responsible for leading development, investment and financing activities and helping GE Vernova to deliver comprehensive and innovative customer solutions that accelerate the energy transition. 聽</span></p><div class="leader-profile-icon linkhide"><a class="text-evergreen" href="#"><i class="svg-ficon-arrow-out"></i></a></div></div><div class="leader-profile-btn linkhide"><a href="#"><span class="text-evergreen">Read Profile</span></a></div></div></div></div> <div class="leaders-card col-12 col-md-6 d-flex flex-wrap"><div class="leader-card-content d-flex col-12 flex-wrap"><div class="leader-img-content d-flex"><img loading="lazy" src="/sites/default/files/2024-08/use-for-headshotak5a8930-copy.jpg" alt="GE Vernova"/></div><div class="leader-info-content d-flex flex-wrap"><div class="card-text-content col-12"><h6 class="leader-name d-flex col-11">Gaurav Raniwala</h6><p class="leader-post d-flex col-11 flex-wrap"><span class="col-12 d-flex">Global Renewable Energy Leader</span></p><p class="leader-caption d-flex col-11 mb-0 flex-wrap"><span class="col-12 d-flex">Gaurav Raniwala聽is Managing Director and Global Head of Renewable Energy at GE Vernova's Financial Services business, which has invested more than $19 billion in renewable energy globally since 2004 and is a leading tax equity investor in the U.S.聽聽In his role,聽Gaurav leads the team responsible for underwriting, structuring, and managing investments in global renewable projects. He also serves on the Board of the American Council on Renewable Energy (ACORE).</span></p><div class="leader-profile-icon linkhide"><a class="text-evergreen" href="#"><i class="svg-ficon-arrow-out"></i></a></div></div><div class="leader-profile-btn linkhide"><a href="#"><span class="text-evergreen">Read Profile</span></a></div></div></div></div> <div class="leaders-card col-12 col-md-6 d-flex flex-wrap"><div class="leader-card-content d-flex col-12 flex-wrap"><div class="leader-img-content d-flex"><img loading="lazy" src="/sites/default/files/2024-08/headshot-5x7-ak5a8799.jpg" alt="GE Vernova"/></div><div class="leader-info-content d-flex flex-wrap"><div class="card-text-content col-12"><h6 class="leader-name d-flex col-11">Patrick Leahy</h6><p class="leader-post d-flex col-11 flex-wrap"><span class="col-12 d-flex">Global Power Leader</span></p><p class="leader-caption d-flex col-11 mb-0 flex-wrap"><span class="col-12 d-flex">Patrick Leahy聽is Managing Director and Global Power Leader at GE Vernova's Financial Services business.聽Patrick leads the team responsible for originating, underwriting, and managing investments in global gas-fired power generation projects, including carbon capture and sequestration. 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