NewQ1 2026 Clean Energy Deal Intelligence Report is live
DealFlow Compensation · v1

How much should you be making?

The first credibility-flagged compensation benchmark for clean energy dev, IPP, and project finance. Built from public filings — DOL H-1B LCAs and SEC proxies — not crowd opinion.

Updated May 2, 2026 · Next refresh Q3 2026 (early August — after July DOL LCA quarterly drop) · Free

Find your benchmark

Pick a function and seniority. Drill down for percentile detail and source notes.

MUFG · Mizuho · SMBC · Crédit Agricole · ING · Natixis · RBC · Citi · BofA Houston

P50 total cash compensation
$425K
HIGH
Base range
$175K – $275K
Bonus (% of base)
90–125%
Sample size
n = 20
LTI / equity / carry: Bank stock + cash deferral
Source: DOL H-1B LCA
SMBC PF Infra/Power VP exact $176,571 (DOL prevailing-wage anchor, n=2); MUFG PF VP $175K; Mizuho VP range $170–250K; ING Renewables VP $240K; RBC PUI VP $275K; BofA Houston Energy VP $275K

Three findings that surprised us

From the first quarterly cut. Every number sources to a public filing.

Finding #1
$176,571

SMBC files every Project Finance Infrastructure VP it sponsors at this exact base salary — to the dollar, across multiple desks. The number almost certainly anchors to a DOL prevailing-wage benchmark, meaning the negotiation floor is set by the federal government, not by the bank.

Finding #2
$16.0M

Median total compensation for IPP CEOs (NEE, VST, CEG, TLN, AES, NRG, BAM) in their most recent fiscal year. AI-data-center demand is reshaping pay at the merchant power names — Vistra's Burke went from $12.2M in FY24 to $16.0M in FY25.

Finding #3
$24.3M

Scott Strazik's first full-year comp at GE Vernova post-spinoff — making him the highest-paid clean energy CEO in the dataset. Bloom Energy founder KR Sridhar came in higher only via a one-time $42M founder equity grant.

Browse the full matrix

P50 total cash · 4 functions × 6 seniorities

Hover any cell for source notes. Color = data confidence.

FunctionAnalyst
0–2 yrs
Associate
3–5 yrs
VP
6–9 yrs
Director
10–14 yrs
MD / Principal
15+ yrs
C-suite
CEO / CFO / COO
Development & Origination
Origis · Hecate · Lightsource bp · Apex · Invenergy · Pattern · Avantus · EDF Renewables
$110K
n=25
$150K
n=10
$290K
n=9
$310K
n=9
$425K
n=2
Partner pending
Project Finance (lender)
MUFG · Mizuho · SMBC · Crédit Agricole · ING · Natixis · RBC · Citi · BofA Houston
$155K
n=10
$245K
n=15
$425K
n=20
$600K
n=11
$1400K
n=5
Infrastructure Investing
Brookfield Infra · GIP · KKR · EQT · Stonepeak · Macquarie · I Squared · ECP
$200K
n=3
$360K
n=13
$475K
n=8
$700K
n=4
$500K
n=3
$4.8M
n=1
Asset Management & Operations
Brookfield Renewable · Clearway · NextEra · Vistra · Pattern · National Grid Renewables
$110K
n=12
$130K
n=6
$240K
n=5
$305K
n=9
$420K
n=5
$16.0M
n=30
HIGHAnchored to mandatory public filings (SEC DEF 14A or DOL H-1B LCA) or large self-report samples (n≥10). Publishable as-is.
MEDIUMSmaller self-report sample (n=5–9) or single-source benchmark. Publishable with explicit n= disclosure.
SPARSEEstimate based on industry conventions (e.g., bonus % from IB benchmarks). Display with "estimate" tag.
GAPPublic data structurally cannot reach this cell. Reserved for Anchor Partner (recruiter) data — coming Q4 2026.

Public IPP & utility CEOs

SEC DEF 14A · most recent fiscal year

Total compensation as reported in the Summary Compensation Table — base + cash bonus + stock awards (grant-date fair value) + other.

#FirmNameFYTotal
1GE VernovaScott StrazikFY2024$24.33M
2NextEra EnergyJohn W. KetchumFY2024$21.60M
3SempraJeffrey W. MartinFY2024$19.86M
4Talen EnergyMark "Mac" McFarlandFY2025$18.74M
5Southern CompanyChristopher C. WomackFY2024$16.74M
6Constellation EnergyJoseph DominguezFY2024$16.22M
7Vistra CorpJames A. BurkeFY2025$15.99M
8Dominion EnergyRobert M. BlueFY2025$15.22M
9Edison InternationalPedro J. PizarroFY2025$14.42M
10Duke EnergyHarry K. SiderisFY2025$13.57M
11AES CorporationAndrés GluskiFY2024$13.36M
12Enphase EnergyBadrinarayanan KothandaramanFY2024$12.63M

Methodology

We are deliberately transparent about how each number was computed and how confident we are in it.

Sources, in order of reliability

  • DOL H-1B Labor Condition Applications· Statutory filing · refresh: QuarterlyForeign-bank PF + US bulge bracket + dev/IPP/infra-PE base salaries (n≈170 across all firms)
  • SEC EDGAR DEF 14A proxy statements· Statutory filing · refresh: Annual (Mar–Apr)Public-company executive comp from Summary Compensation Tables (n=85 NEOs across 18 firms; SCT Total includes change-in-pension-value where applicable)
  • Glassdoor company salary pages· Self-report · refresh: ContinuousAnalyst → Director gap-fill at named developers and IPPs (n=55)
  • Climatebase· Job board · refresh: ContinuousPosted comp ranges at climate-tech firms with NY/CA/CO/WA pay-transparency disclosure
  • Levels.fyi· Self-report · refresh: RollingTotal comp (incl. equity) — thin energy coverage
  • Wall Street Oasis· Anonymous forum · refresh: ContinuousInfra-PE comp threads — flagged LOW reliability
  • Mergers & Inquisitions· Industry blog · refresh: AnnualIB bonus calibration + YoY trends

Why a confidence flag on every cell

No single public source covers every dev/IPP/PF role at every seniority. We could hide that fact and present a uniform-looking grid — but the audience deserves to know which cells are anchored to mandatory filings (HIGH) versus self-report (MEDIUM) versus convention-based estimates (SPARSE) versus structurally unavailable in public data (GAP).

GAP cells are not estimates. We will not guess at them. They are placeholders for data that will arrive via our Anchor Partner program (a co-publishing relationship with a specialist energy executive recruiter) in Q4 2026.

Tax Equity is excluded from v1

Tax-equity practitioners are a small enough community that public-data gaps at every seniority above Analyst would have been visible to insiders. Rather than fill those cells with industry-convention estimates, we left them out. We will revisit Tax Equity if and when Anchor Partner data covers it credibly.

What's coming

  • Q4 2026: Anchor Partner cells filled (tax equity, infra-PE carry NPV, partner-level cash). Quarterly co-published report.
  • Q1 2027: Verified self-submission flow — opt-in upload of an offer letter or W-2, anonymized at intake, human-reviewed.
  • Q2 2027: Deal-linked comp — see benchmark ranges for the staffed roles on any deal in the database.
  • Q3 2027: Job board with inline TC ranges, integrated with firm pages.

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