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 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
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