Market Analysis Insights

Travis Lowder's picture

How Could Securitization Debt Fit with Tax Equity in the Solar Financial Landscape? Pt. I

This article was coauthored by Ronald S. Borod of DLA Piper LLP (US)

SAPC Standard Contracts Now Available

Travis Lowder's picture

Updates from the Solar Access to Public Capital Working Group

Back in November 2012, the NREL finance team convened its first assembly of the Solar Access to Public Capital (SAPC) working group.

Jared Wiedmeyer's picture

These solar REIT pioneers are mining the sun for "good income"

For the past few years, solar industry stakeholders have imagined a future where the general public has the ability to invest in pure-play renewable energy real estate investment trusts (REITs) that finance and construct both utility-scale and distributed photovoltaic (PV) projects in the United States. While these stakeholders wait for this reality to come to fruition, existing REITs alre

Introducing CREST for Mac

The Cost of Renewable Energy Spreadsheet Tool (CREST) model suite is now available for Mac OS X. Click here to download.
Michael Mendelsohn's picture

The LCOE Impact of Public Capital Vehicles

Improving the availability of capital to renewable energy (RE) projects represents a critical component to lowering the overall cost and scaling the adoption of RE technologies. Public capital—investment raised in the financial markets through securitized instruments and pooled investment vehicles—is a potential means of achieving these goals.

Michael Mendelsohn's picture

A Transition to a Securitized Market? Perhaps Credit Enhancements Offer an Opportunity to Leverage Market Investment

How does the solar industry transition from the current project-based financing structure to one where more capital is available at faster speed and lower cost [1]? That was the question discussed by various industry stakeholders in a recent meeting of the Solar Access to Public Capital (SAPC) working group convened by NREL. The answer the industry seeks might lie in public capital vehicles, such as asset-backed securities, master limited partnerships, and other mechanisms designed to pool projects and allow investment via a liquid, tradable product.  These vehicles could increase the availability of capital because they represent a simpler and lower-cost mechanism for investors, such as pension and insurance funds, to commit capital to solar projects [2].

Travis Lowder's picture

Risk and Finance in the PV Industry

Emerging from the 2008 financial crisis with new incentives, innovative business models, and rapidly declining costs, photovoltaics (PV) have gone on to achieve installation at rates unprecedented in their 40 year-long U.S. commercial history. And, despite some headwinds, PV deployment will likely see sustained levels of investment and deployment in the near term.

Paul Schwabe's picture

Green Cards for Green Watts

In the 1990 Golden Globe winning film "Green Card," Frenchman (and recent Russian resident) Gerard Depardieu and American Andie McDowell enter into a farcical marriage of convenience so he can become a U.S.

U.S. Power Sector Undergoes Dramatic Shift in Generation Mix

The U.S. electric power sector has recently undergone perhaps the most dramatic structural shift in history dating back to World War II.  Changes in generation mix have occurred primarily due to low-priced natural gas, but also to rapid growth in renewable output.