Episode Summary
In this episode of the Solar Maverick Podcast, Benoy speaks with Jim Spano who is the Co-Founder, Head of Originations of Sol-REIT and Mark Settles who is the CEO of Sol-REIT. Sol-REIT offers long-term, fixed rate debt that matches the operational life of an asset and at a lower cost of capital. Jim and Mark speak about many interesting topics like how developers can keep more of the value that they created with their solar projects, their innovative financing to help developers own their projects, and energy storage financing.
Benoy Thanjan
Benoy Thanjan is the Founder and CEO of Reneu Energy, as well as 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, as well as utility-scale solar plus storage projects. The company also sources financing for solar projects and hedges both energy and environmental commodities.
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.
Jim Spano
Jim has played a key role in the development of projects totaling over four hundred megawatts in solar generation facilities. Through his leadership, Spano Partners Holdings Companies, a founding joint venture partner of Sol-REIT, has become recognized as one of the top privately-owned utility-scale and commercial and industrial (C&I) solar energy developers and financiers in New Jersey.
Mark Settles
Mark served as an executive coach for senior managers and as a senior executive for JPMorgan Chase & Co. for over 20 years. In his highest profile role at the bank, he reported directly to JPMorgan Chase CEO, Jamie Dimon, as the firm’s Managing Director and Diversity Recruiting Executive. In that role, Mark helped the firm find and develop women and ethnic minorities for senior positions at the bank.
Throughout his banking career, Mark served as the head of various fixed income market product teams and as a specialist in central bank and sovereign reserves management.
Stay Connected:
Benoy Thanjan
Email: info@reneuenergy.com
LinkedIn: Benoy Thanjan
Website: https://www.reneuenergy.com
Jim Spano
Website: https://www.sol-reit.com
Linkedin: https://www.linkedin.com/in/jim-spano-ab43521/
Jim Spano was interviewed on the Solar Maverick Podcast Episode 13: How to develop a great solar project and many other interesting topics about solar and entrepreneurship with Jim Spano from Spano.
The link to the Jim's podcast interview is below.
https://spanopartners.com/podcasts/solar-maverick-podcast/
Mark Settles
Website: https://www.sol-reit.com
Linkedin: https://www.linkedin.com/in/mark-settles-b0a93168/
Subscribe to our podcast + download each episode on iTunes,Podbean, youtube, and most of the major podcast platforms.
This episode was produced and managed by Podcast Laundry (www.podcastlaundry.com)
SMP 100: US Residential Solar, Storage, and Electric Vehicle Trends
SMP 99: Why the 1970s was the most important decade for the United State's energy future?
SMP 98: Innovative Financing Options for Land on Solar Projects
SMP 97: Innovative Strategies in Acquiring Customers for Community Solar
SMP 96: Solar Finance Expert discusses what makes project financeable and future solar trends
SMP 95: Solar Practitioner and Influencer discusses Midwest Solar Market and Energy Storage
SMP 94: How GAF ENERGY is innovating the solar and roofing industries?
SMP 93: Solar Trends and 2020 Year in Review
SMP 92: Expert’s Insights and Predications on Solar and Energy Storage
SMP 91: Residential Solar Manufacturer innovates with their design, higher capacity panel, and strategic partnerships
SMP 90: How Sage Energy Consulting lowers operating costs for their clients through the incorporation of different renewable energy technologies?
SMP 89: Solar Expert is the First Person to Drive Cross Country in Solar Electric Vehicle.
SMP 88: The New Paradigm in Clean Energy Marketing
SMP 87: How Summit Ridge Energy became one of the largest owners of community solar projects in the US?
SMP 86: How Renewable Energy is Partnering with Crypto Mining?
SMP 85: Energy Expert's Perspective on Solar Plus Storage and Electriciation of the Transportation Fleet
SMP 84: Midwest Solar Market Commentary and how Clean Energy will be major part of the Economic Recovery
SMP 83: NJ Solar Market Overview
SMP 82: Startup Focuses on Technology Innovations for Solar Panels
SMP 81: Keys to Entrepreneurship Success from John Lee Dumas, Creator of a Multi-Million Dollar Podcast Empire
Create your
podcast in
minutes
It is Free
The Silicon Valley Astronomy Lectures Podcasts
Rationally Speaking
Big Ideas: Science
Math Mutation
The Science Bar Podcast