Rob Sternthal and
benoy thanjan on
the solar maverick
"we're coming back to the develop-and-flip."
First aired December 2, 2025
In this episode of the Solar Maverick Podcast, Benoy sits down with Rob Sternthal, Managing Partner at Expedition Infrastructure Partners, to break down how investors evaluate solar platforms and development pipelines. Rob brings more than 20 years of experience in investment banking, tax equity, structured finance, and renewable energy, and he explains the real criteria that determine platform value today.
Benoy and Rob discuss why platforms are being repriced, how rising SG&A and longer development timelines are reshaping exits, and what investors are prioritizing in the current market. They also cover the Pine Gate bankruptcy, the renewed shift toward “develop and flip,” battery economics, tax credit insurance constraints, FEOC uncertainty, and the wave of distress expected to define the industry over the next two to three years.
Click here to listen to the episode.
Thank you to Benoy Thanjan and the team at The Solar Maverick.
About Rob Sternthal, Managing Partner
For the last 20+ years, Rob has been a leading investment banking executive and recognized platform builder across the renewable power, energy, ESG and real assets sectors, advising on more than $25 billion of transactions.
Whether it be with regard to engaging an advisor, looking for a capital partner, or seeking out a thought partner as you contemplate the evolution of private investment in critical infrastructure, we would welcome the opportunity to connect with you.
Securities Products and Investment Banking Services are offered through BA Securities, LLC. Member FINRA SIPC. Expedition Infrastructure Partners (“XIP”), LLC and BA Securities, LLC are separate, unaffiliated entities.
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