Episode summary:
Benoy and Li reflect on the Pacific Gas & Electric bankruptcy and its effect on the solar industry. The reason why PG&E is in bankruptcy due primarily to the liability from California wildfires. Benoy talks about current projects on the horizon, Colombia’s failed renewable energy auction, and the upcoming Summer Solstice party. Benoy also discusses passive income and what he looks at when he invests in different opportunities.
About our Guest:
Benoy Thanjan
Benoy Thanjan is the Founder and CEO of Reneu Energy and he is also an advisor for several solar startup companies. Reneu Energy is a premier international solar energy consulting firm and developer and the company focuses on developing commercial and industrial solar and utility scale solar plus storage projects. The company also sources financing for solar projects and hedges energy and environmental commodities. Reneu Energy has brokered $27 million in environmental commodities transactions.
Benoy received his first experience in Finance as an intern at D.E. Shaw & Co., which is a global investment firm with 37 billion dollars in investment capital. Before founding Reneu Energy, he was the SREC Trader in the Project Finance Group for SolarCity which merged with Tesla in 2016. He originated SREC trades with buyers and co-developed their SREC monetization and hedging strategy with the senior management of SolarCity to move into the east coast markets. Benoy also worked at Vanguard Energy Partners, Ridgewood Renewable Power, and Deloitte & Touche.
Li Wang
A life-long journalist and communications professional, Li Wang was hooked on the news as an intern at the Philadelphia Daily News during the summer of the O.J. trial. He has been a business reporter, arts editor and film critic. He has shifted his focus to digital marketing and creative services. His company, MJ Wang Media, develops brand messaging and identity through website design and content marketing.
Insights from this episode:
Important Links:
Reneu Energy’s Summer Solstice Party
https://www.eventbrite.com/e/reneu-energys-summer-solstice-party-tickets-60983558465
Why did the Colombian Renewable Energy Auction fail? By Francisco Sanclemente, CFA-Energy and Infrastructure Investment Banking Associate at Bancapital S.A. https://www.linkedin.com/pulse/way-forward-francisco-sanclemente-cfa/
Quotes from the show:
Stay connected:
Benoy Thanjan
www.reneuenergy.com
info@reneuenergy.com
https://www.linkedin.com/in/bthanjan/
Li Wang:
MJWangMedia.com
Instagram: @liwang22
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SMP 78: Social Dynamic Selling System For Solar Energy
SMP 77: Expert Insights: Driving Growth in the Energy Storage Industry
SMP 76: How CS Energy has grown rapidly and differentiated itself from other solar installers?
SMP 75: Mid-Year Solar Trends 2020
SMP 74: Impacts of COVID-19 on Residential Solar
SMP 73: Policy Discussion on the NJ and NY Solar Market
SMP 72: COVID-19 Impacts on the Solar Industry
SMP 71: Guest Episode - Renewable Energy Goals - Benoy Thanjan on the Create Your Life Series
SMP 70: Insights and Perspectives from the CEO of Canadian Developer that is developing large number of solar projects in the US
SMP 69: Solar/Roof Integrated Funding Program
SMP 68: A great team and technology platform has allowed CleanCapital to increase substantially their ownership of solar assets
SMP 67: Investor/Developer's Perspective on the Indian Solar Market and Other International Markets
SMP 66: How Relationships Allow an Investor to Scale Ownership of Solar Projects
SMP 65: 20 Year Solar Veteran and Entrepreneur Provides Perspective on the Solar Market
SMP 64: How Solar is Powering Extra Space Storage.
SMP 63: 2020 Solar Predictions and Trends
SMP 62: Impact of Renewable Energy on the Future of Real Estate
SMP 61: Guest Episode - Start-Up Accelerator, Investing, Solar & Podcasting with Benoy Thanjan on The Formula
SMP 60: Developing Renewable Energy in Opportunity Zones
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