Episode Summary
Suzanne Waters, Vice President of Business Development at Reneu Energy, returns to the show to talk with Benoy about why commercial and industrial building owners should go solar. This episode serves as an excellent primer for building owners who are potentially looking to go solar as Benoy and Suzanne cover topics such as the benefits of solar, types of systems, and financial opportunities for building owners.
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.
Suzanne Waters
Suzanne Waters is an experienced solar professional with a broad knowledge of the industry, including project development administration, marketing best practices, financial strategy, and team leadership. Before joining Reneu Energy, Suzanne worked as the Business Development Manager and Proposal Team Leader at Vanguard Energy Partners, a national solar developer, and their affiliate firm, Vanguard Energy Capital. She oversaw proposal development and contract execution, and collaborated on structured finance for large scale, multimillion-dollar projects. In addition, Suzanne has extensive experience in many aspects of the PV industry, with unmatched enthusiasm for its capabilities and a BA in Economics from Rutgers College at Rutgers University.
Insight from this episode:
Quotes from the show:
“If You’re going to go solar, you’re definitely going to reduce your electrical cost.” Suzanne Waters, Episode #38
“Most solar systems can live between 20 and 30 years so you’re going to have a relatively short return on your investment for an asset that you’re going to have for a really long time.” Suzanne Waters, Episode #38
“The fixed electric pricing definitely makes is easier to forecast and budget plan so you can hedge against electricity price volatility and inflation.” Suzanne Waters, Episode #38
“Customers and employees are looking for companies that can say that they’re sustainable and they’re making sustainable efforts.” Suzanne Waters, Episode #38
“As solar becomes more acceptable as an asset to finance, the returns are getting lower and lower.” Benoy Thanjan, Episode #38
“Last year there was 6.53 gigawatts of corporate renewable deals, both wind and solar, and it was actually the highest ever.” Benoy Thanjan, Episode #38
Resources mentioned:
Solar + Roofing Episode #11
For more detailed information or questions about topics from this episode email info@reneuenergy.com
Upcoming Event discussed on the podcast:
Summer Solar Special: How Solar Technology is Changing the World
Reneu Energy is partnering with JC TechMeetup. It is on Tuesday, July 30 from 6:30 to 9 at Surf City in Jersey City.
Benoy Thanjan who is the CEO and Founder of Reneu Energy will be moderating. The other panelists are Suzanne Waters from Reneu Energy, Chris Grablutz from PV Pros, and Steve Schwerd from Schwerd Consulting.
The event is free to attend and you can RSVP in the link below.
https://www.meetup.com/Jersey-City-Tech-Meetup/events/262598987/
Stay Connected:
Benoy Thanjan
info@reneuenergy.com
LinkedIn.com/bthanjan
www.reneuenergy.com
Facebook: Reneu Energy
Suzanne Waters
suzanne@reneuenergy.com
Linkedin: Suzanne Waters
www.reneuenergy.com
Facebook: Reneu Energy
SMP 139: Opportunities and Challenges with the PJM Solar Market
SMP 138: North America Solar Manufacturer discusses how they differentiate from Foreign Competition
SMP 137: Discussion on Transferability Guidance for the Inflation Reduction Act with Adam from Foley & Lardner
SMP 136: Accelerating The Adoption Of Renewable Energy In The Pacific Islands
SMP 135: A Perfect Fit-Solar and Bitcoin
SMP 134: 2023 Solar Predictions
SMP 133: An Update on the IRA and current trade policy issues in renewables by Greg Wetstone who is head of ACORE
SMP 132: Update on the Great Progress of Let’s Share The Sun Foundation
SMP 131: How Technology and Software are innovating the Solar Industry?
SMP 130: A Pilot Episode for a New Podcast from Spencer and Benoy where they speak about topics of interest
SMP 129: Learn About a Great Non-Profit Called Let’s Share the Sun Foundation
SMP 128: How Enerflo is revolutionizing the residential sales process?
SMP 127: An Investor differentiates itself by assisting with project development.
SMP 126: Benoy Thanjan discusses what the Australian Solar Market can learn from the US Solar Market
SMP 125: Solar Expert Discusses Bitcoin and the Great Opportunity for Solar!
SMP 124: Landgate is innovating how solar developers and investors acquire land for solar projects
SMP 123: How Extensible Energy is changing how Solar Sales sells to Commercial Customers?
SMP 122: The author of the Freeing Energy Book Discusses How Local-Scale Solar and Batteries are Disrupting the Energy Industry!
SMP 121: DroneBase inspects solar projects at scale to increase energy output and mitigate risk.
SMP 120: Developer/Investor discusses scaling solar development and how to determine a new solar market
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