Transparency - The Key to Increasing Solar Project Bankability: Featured In SolarNovusToday

Posted by Haresh Patel    November 17, 2014

Creating strong bridges between solar developers and investors is a crucial aspect of project bankability. One powerful way to increase deal flow and speed up project finance is for both sides to implement transparent processes. 

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Low-Cost of Capital Handbook

Posted by Haresh Patel    November 13, 2014

A changing US political landscape following mid-term elections has created massive uncertainty around extension of the Investment Tax Credit (ITC).With a potential reduction of the ITC from 30% to 10% in the end of 2016, investors need to leverage new paths to maintain the stellar growth and profits solar power has experienced over the last decade. The Low-Cost of Capital Handbook explores the emerging financing innovations that are key to solar’s future including:

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Are you getting the information and insight to make good business decisions? Is it repeatable and scalable?

Posted by Haresh Patel    November 4, 2014

Everyday we hear executives complain:

“We scramble up to the last minute to produce a single consolidated global view of our business every time we have the need.”
“We run our Development Capital Committee and struggle making good resource and development capital allocation decisions due to lack of solid information and insight."

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Banking on Solar: SPI breakout group on unlocking capital flows

Posted by Haresh Patel    October 29, 2014

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Last week at the SPI Convention in Las Vegas we participated in a breakout session on unlocking capital flows into solar power. The group called ‘Banking on Solar’ –which includes leadership from CitiBank, Solar City and the Connecticut Greenbank – discussed the barriers of institutional investment into solar assets and how the industry can mature quickly enough to overcome them.  

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Top Takeaways from the SPI Convention 2014

Posted by Tim Buchner    October 24, 2014

It’s was a busy week at the Solar Power International (SPI) Convention in Vegas. Here are my top takeaways from the conversations and seminars I took part in.

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3 wishes for SPI Conference next week

Posted by Tim Buchner    October 17, 2014

This will be my fifth year in a row attending the Solar Power International (SPI) conference. This year, I hope to see solar industry preparing for a tidal wave of continued growth.

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Big Opportunity for Solar in US schools

Posted by Haresh Patel    October 17, 2014

On September 18, The Solar Foundation released ‘Brighter Future: A Study on Solar in U.S. Schools’. Analyzing 125,000 schools, the study found that there are roughly 72,000 schools that could save money by implementing solar. Today, only 3,727 schools have done so. This means that about five percent of the potential market has been tapped.

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Do We Really Need ITC at 30 Percent?

Posted by Haresh Patel    October 13, 2014

Last week I had the privilege of representing Mercatus in Washington DC at a working group hosted by the White House called ‘Innovations to Drive Increased Capital Flows into the Solar Market’. Leadership from major solar developers, investors, and government agencies convened to discuss 1. Growing the primary solar market, and 2. How a young industry like solar could accelerate development of a secondary market. Despite this lofty agenda, concerns about the step down of the Investment Tax Credit (ITC) from 30% to 10% in 2016 seemed to permeate the entire conversation. My perspective on the issue was only shared by a few…

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Everything You Need to Know About Commercial Solar in 2014

Posted by Haresh Patel    October 6, 2014

As the costs of financing commercial solar projects decrease, many businesses gain from integrating a cheap, clean, predictable source of energy into their operations. Just ask some of the US’s biggest companies like Walmart, Costco, Kohl’s, Apple and IKEA who are all leading in the utilization of commercial solar to improve their own bottom lines.

By providing solutions that reduce the costs associated with financing solar projects to roughly 60% of the US commercial and utility solar market, Mercatus has gained a unique overview of the industry. In the North America Solar Trend Report for first half of 2014, we summarize our perspective based on data from over 2,500 actual solar projects of more than 50 investors and 300 developers in the US commercial and utility solar sector.

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REFF West: The Future of Technology in Energy

Posted by Haresh Patel    September 23, 2014

Technology is creating powerful new opportunities to accelerate the financing, development and distribution of renewable energy. Recently, at the Renewable Energy Finance Forum West, I co-moderated a dynamic panel that shared their views on how technology will impact renewables.

My co-moderator for the panel - Nicholas Eisenberger of Pure Energy Partners - brought up an interesting fact about the recent evolution in technology. He said that the amount of processing power you could buy for $1000 in 2003 was the equivalent size of an insect’s brain. In 2010, it was the size of a mouse’s brain. And today you can buy the processing power of the entire human race. That’s a mind-boggling statement, but it accurately reflects just how far technology has come in a very short amount of time.

There were three underlying themes that the panelists discussed.

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