US renewables developers are rushing to beat the cut-off for renewables subsidies, keeping volumes high into 2026. But the financing landscape is changing and banks’ attention is shifting towards more carbon-intensive assets.

This time, our Exile is Mariana Fulan de Souza, Head of Origination at Serena US. Having moved from bustling São Paulo to Austin just two years ago, Mariana is already making waves in the US renewables market, helping Serena expand while balancing Austin’s energy, nature, and creative vibes.

The political support is definitely there, but offshore wind in the North Sea is producing mixed results. What do the results of the UK auction - and delays to the German auction - mean for progress in offshore’s most mature market?