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Investment Banker·Clean Energy

Samuel Scroggins

Head of Renewables & Sustainable Infrastructure at Lazard

New York, NY

SS
LinkedIn
Why they matter

Leads the bank with the most U.S. power-M&A volume in 2024. The most informed banker on actual transaction comps.

Background

Head of Renewables & Sustainable Infrastructure within Lazard's Global Power, Energy & Infrastructure Group. Lazard topped the league tables for M&A advisory in the power sector in 2024 with $22.8B advised across 23 deals.

Notable deals

  • 2024
    Lazard advised Energy Capital Partners on the sale of a 50% stake in U.S. renewables IPP Terra-Gen to Masdar.
  • 2024
    Lazard advised EIG on the sale of flexible-generation power company West Burton Energy to TotalEnergies.

Call-prep brief

Background

Sam runs Renewables & Sustainable Infrastructure at the #1 power-sector M&A bank. He'll have unmatched recency on transaction comps, valuation parameters, and which strategic acquirers are active.

What he cares about

  • Active mandates he is sourcing for. [Firm] can be a useful buy-side relationship.
  • Cross-Atlantic flow. Many 2024 deals were European-asset / U.S.-acquirer or vice-versa.
  • Carve-outs from European energy majors (TotalEnergies, Iberdrola, Repsol).

Recent moves

  • Terra-Gen 50% → Masdar (U.S. IPP to UAE strategic).
  • West Burton → TotalEnergies (UK flexible generation to French major).

Sensitivities

  • Bankers track who's actually deployed capital recently. Be honest about what [Firm] can credibly pursue.
  • Don't fish for confidential mandate details on a first call.

Questions to ask

  1. Which strategic acquirers (oil majors, infra funds, utilities) are most aggressive in the U.S. renewables M&A market over the next 12 months?
  2. Where are valuation multiples currently most dislocated: operating wind, operating solar, or storage-adjacent platforms?
  3. Which mid-market sponsors does Lazard see most frequently in final-round bidders for sub-$1B renewable deals?

Outreach draft

Subject
Lazard renewables coverage: intro
Hi Sam, I lead clean-energy investing at [Firm]. Lazard's 2024 power-M&A footprint is the most informed view of the U.S. renewable comp set, and I'd like to introduce [Firm] as an active buy-side capital partner in the mid-market; particularly for European-major carve-outs and operating-asset opportunities. Would you have 20 minutes for an intro conversation in the next three weeks? Best regards, [Your name] [Your firm]

Linked companies

Sources