Tapping Underserved Solar Markets: Can We Extend Solar Deployment into Customer Sectors with Lower or No Credit?April 8, 2014 - Michael Mendelsohn
Distributed solar deployment is often a game of off-taker credit. That is, behind-the-meter project success depends largely on whether the end-use customer has credit sufficient to support a long-term power contract or lease.
October 30, 2013 - Editor
A significant portion of the NREL Project Finance Team's work over the past year has been leading the Solar Access to Public Capital (SAPC) working group, which has brought together many of the critical stakeholders in the solar, finance, legal, and advisory spaces to lay the groundwork for the securiti
Where is All the Utility Investment? Are Utilities Missing an Opportunity to Finance Solar and Storage?October 14, 2013 - Michael Mendelsohn
It's an exciting time for the solar industry. Deployment is up sharply—photovoltaics (PV) alone have seen 73% annual growth, on average, from 2000 through 2012, and costs are down dramatically over that same period .October 4, 2013 - Travis Lowder
This article was coauthored by Ronald S. Borod of DLA Piper LLP (US)October 4, 2013 - Travis Lowder
This article was coauthored by Ronald S. Borod of DLA Piper LLP (US)August 22, 2013 - Travis Lowder
Back in November 2012, the NREL finance team convened its first assembly of the Solar Access to Public Capital (SAPC) working group.August 14, 2013 - Jared Wiedmeyer
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 alreMay 30, 2013 - financewebadmin
A new NREL analysis determines that reductions in financing costs from the application of public capital vehicles such as asset-backed securities and master limited partnerships could bring down the cost of energy for some renewable energy technologiesMay 30, 2013 - Michael Mendelsohn
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.
A Transition to a Securitized Market? Perhaps Credit Enhancements Offer an Opportunity to Leverage Market InvestmentMay 17, 2013 - Michael Mendelsohn
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 ? 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 .April 2, 2013 - Travis Lowder
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.
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