In this episode of Offshore Wind Leaders, host Ivar Slengesol speaks with Jérôme Guillet, one of the pioneers of offshore wind project finance and Managing Director of Snow. Drawing on more than 30 years of experience in energy finance, Guillet explains how early offshore wind projects were funded, why cost of capital remains the industry’s most important driver, and how financing structures have shaped market development over the past two decades. The conversation also explores the changing role of utilities, the withdrawal of many oil and gas companies from offshore wind, lessons from European auction design, and the outlook for emerging offshore wind markets. Guillet concludes with his perspective on the broader energy transition, emphasizing the growing importance of decentralized energy solutions and smaller market participants