Making the broth

In a large saucepan over medium heat, add 4 Tablespoons of butter. Keep a close eye on it as it melts, then foams then starts to turn a golden brown. Once the butter has turned a deep golden brown (but not burned), very carefully whisk in the broth. Be careful because it will steam. Season lightly with salt and pepper. Bring this mixture to a simmer, then turn the heat to low while you prepare the risotto.

Caramelize

In a large and wide, heavy-bottomed pot over medium heat add the remaining 4 Tablespoons of butter. Once it melts, add the shallots. We are going to let the shallots caramelize, so this will take some time. Let them cook over low heat, stirring frequently with a wooden spoon until they are golden brown. This will take 30-45 minutes. If it seems they are cooking unevenly or you see some dark spots, add a splash of the warm broth to scrape the bottom of the pan and continue cooking the onions until they have fully caramelized.

Time to toast

Now add the garlic, rosemary, and green chiles. Cook for another couple of minutes. Now add the rice and cook for around five minutes stirring frequently. This is us toasting the rice!

Now carefully add the white wine, scraping any caramelly bits from the bottom of the pot, and let cook until most of the liquid has evaporated.

Adding the broth

At this point, we are going to slowly feed a ladle full of the warm broth to the rice and stir frequently. Over time, the rice will absorb the broth and you can add another ladle and another, continuing to stir and adding broth until the rice has almost fully absorbed all the broth and is “al dente” to the taste, meaning that it is cooked but still retains a bite and definitely not mushy. If you use all the broth and still feel like the rice needs more liquid, feel free to use a little water to finish cooking.

Finishing touch

Add the parmesan cheese, and stir for a minute. Now, right before serving, add the freshly whipped cream. Fold the cream into the risotto with a large heat-proof spatula, letting as much air transfer to the risotto. Give it a taste and add salt and/or pepper as needed.

To serve, spoon the risotto in bowls or large flat plates. If you serve on a plate, spoon the risotto in the center and let it spread towards the edges.