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 119: How Enerflo’s software solution is innovating residential solar and lowering soft costs?
SMP 118: REACTIVATE: The New Innovative Solar Platform, Powered by Invenergy and Lafayette Square
SMP 117: European Commercial Solar Discussion with the Pioneer of PPA Financing in Europe
SMP 116: Innovative Financing Solutions for Developers to Own Solar Projects
SMP 115: How solar projects produce EMF radiation and how this can be cleaned and filtered?
SMP 114: Developer discusses how to develop a great solar project and what solar markets in the US to focus on.
SMP 113: How Clean Choice Energy is the easiest way for a customer to procure renewable energy?
SMP 112: Developer/Owner Discusses Great States in the US to Develop Solar
SMP 111: Innovative Data Driven Solar Insurance Solutions
SMP 110: 30 Year Solar Veteran discusses solar‘s future and the Australian Market
SMP 109: Expert‘s Insights on the Texas Renewable Energy Market
SMP 108: How RatedPower is lowering technology costs and innovating with their engineering design software?
SMP 107: Expert in ESG and Traceability discusses how it impacts the Solar Supply Chain
SMP 106: The Future of Solar on Agriculture Land with Dual-Use
SMP 105: CEO of ConnectDER discusses how the Electricity Grid can be more efficient and reliable with Distributed Energy Resources
SMP 104: CEO of Leading Residential Solar and Home Improvement Loan Provider Discusses Innovations in Distributed Energy and Storage
SMP 103: LG’s Business Development Executive Discusses Trends in Residential Solar Customer Acquisition
SMP 102: Renewable Energy Job Trends and Outlook
SMP 101: Leader of the Largest US Solar Installer Discusses Current Innovations and Future Trends in Solar and Storage
SMP 100: US Residential Solar, Storage, and Electric Vehicle Trends
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