I have a pet peeve about ideas in solar that go about solving investor risk but end up totally missing the point. Yieldcos, REITs, and other financing vehicles do nothing about investor risk. In fact, the only way to solve for investor risk is to improve or enhance the offtaker credit. Residential funds do this by seeking the customer FICO scores, large projects look at the bond rating of the offtakers. Everyone else that is seeking to “credit score” commercial solar is simply putting lipstick on a pig. Yieldcos don’t lower risk for investors, PACE lowers risk. Full Disclosure: I co-founded Demeter Power, a company that offers 3rd party owned solar through PACE.
News
- RE World: Can Yieldcos Reduce the Risk of Solar Financing?
- SACE: Florida Power & Light Is Hardly a Leader in Solar
- Motley Fool: Utah’s solar power homeowners fight proposed utility fee
- Salt Lake Tribune: Utah’s solar power homeowners fight proposed utility fee
- PV-Tech: Chinese PV industry warns US against imposing trade barriers
- Breaking Energy: Renewables off to Slow Start in 2014, US Data Shows
- Chicago Business: Rooftop solar panels in Illinois get jump-start
Opinions
Have a great day!
Yann