SMP 74: Impact on COVID-19 on Residential Solar
May 26, 2020
Episode Summary
In this episode of the Solar Maverick Podcast, Nathan Jovanelly of IGS Solar speaks about how IGS Solar differentiates from other solar residential financiers. Nate talks about how the residential solar industry has been impacted by COVID-19. We also discuss how renewable energy should be incentivized in the United States and whether cost of capital or return on investment will change due to the pandemic.
Our Host
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.
Our Guest
Nathan Jovanelly
Nate is the Director of Business Development at IGS Solar. He helped start both the commercial and residential divisions of IGS in 2014. Since then the company has developed, owns, and operates more than 150MW of commercial solar assets. They operate in 19 states, and have a booming residential division with more than 10,000 customers. IGS Energy, is an independent retail natural gas and electric supplier based in Dublin, Ohio, United States. It serves more than 4,000,000 residential, commercial and industrial customers. In just a few short years IGS has become the 5th Largest Solar Developer based on 2017 data from GreenTech Media.
Nate also appeared in two previous episodes in the Solar Maverick Podcast. The details are below.
Episode 58: Residential Solar Financing and Other Interesting Topics
Episode 20: The Solar Intrapreneur Story: How Nate helped IGS become one of the biggest solar asset owners in the US
Stay Connected:
Benoy Thanjan
Email: info@reneuenergy.com
LinkedIn: @bthanjan
Website: https://www.reneuenergy.com
Nathan Jovanelly
Website: IGS Solar
LinkedIn: Nathan Jovanelly, PE
Twitter: @NateJov
Subscribe to our podcast + download each episode on itunes, Podbean and youtube.
This episode was produced and managed by Podcast Laundry (www.podcastlaundry.com)
SMP 60: Developing Renewable Energy in Opportunity Zones
SMP 59: Lessons Learned from Clean Energy Entrepreneur Laura Taylor, CEO and Founder of Silverline Communications
SMP 58: Residential Solar Financing and Other Interesting Topics
SMP 57: Solar Power International 2019 Takeaways
SMP 55: Solar on Cannabis Grow Facilities
SMP 54: Cannabis Industry Overview and How Solar Can Be Incorporated at Cannabis Grow Facilities
SMP 53: Solar Permitting
SMP 52: PPA 101
SMP 51: Community Solar - New Jersey 101
SMP 50: We celebrate our 50th Episode and discuss the Solar Maverick Podcast Journey!
SMP 49: A Consultative Approach to Develop and Finance Solar Projects
SMP 48: Solar Panel Recycling and Entrepreneurship Advice
SMP 47: Financing Solar 101
SMP 46: Why Brownfields are Ideal Sites for Solar?
SMP 45: Productivity Tips and Entrepreneurial Advice from the CEO and Founder of the Number 1 Millennial Platform Called Mogul
SMP 44: Community Solar 201
SMP 43: 2019 Energy Storage Trends
SMP 42: Live Event - How Solar Technology is Changing the World!
SMP 41: Solar Entrepreneur Perspective on Development of Solar and Storage Projects
SMP 40: Strategies for the Low Income Population to Use Solar Power
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