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 19: Customer Acquisition and Billing in Community Solar
SMP 18: Financing Platform for Renewable Energy Projects
SMP 17: Solar Engineering and Advice for Entrepreneurs looking to grow successfully in the solar industry
SMP 16: Solar Power Growth and Entrepreneurship Goal Setting in 2019
SMP 15: Colombia Solar Market Discussion with Benoy and Li
SMP 14: How Institutional Investment Capital is Transforming the Renewable Energy Market with Thom Byrne
SMP 13: How to develop a great solar project and many other interesting topics about solar and entrepreneurship with Jim Spano from Spano Partners
SMP 12: Secrets of the Latin America Solar Market with Rik Teeuwen
SMP 11: The marriage of roofing and solar: Innovative and economic solutions with Daryl Pilon and Bob Burwasser
SMP 10: Li and Benoy talk about their experiences as entrepreneurs
SMP 09: How David started his solar company with David Magid from YSG Solar
SMP 08: How companies are reaching 100% renewable energy goals with Benoy and Li
SMP 07: Getting down to Earth with Solar: Construction, quality control and O&M insights from Chris Grablutz
SMP 06: Why solar is a great industry to work in with Suzanne Waters from Reneu Energy
SMP 05: Common Myths of Solar Energy
SMP 04: Strategies to Acquire Commercial & Industrial Solar Customers and the NJ Solar Market with Alex Rivera from Vanguard Energy Partners
SMP 03: Innovative Solar Financing Solution with Abinash Tiwari from Blue Flame Energy Finance
SMP 02: Solar with Sports Teams with Benoy and Li
SMP 01: Introduction to the Solar Maverick Podcast with Benoy and Li
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