Episode Summary
Reneu Energy’s Benoy Thanjan and Suzanne Waters talk in detail about what landowners need to know about going solar. They discuss the reasons why a landowner should look into going solar for generating income through a utility scale or community solar project, a description of different incentives available, and logistically how they would go about doing it.
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:
“The system owners can recover their costs up front instead of over a 20-25 year period which is pretty much the life of the system. So, that’s something that definitely makes the projects more attractive to system owners.” Suzanne Waters, Episode #39
“The cost of panels have decreased. The efficiency of the panels are going up. It makes the whole situation a win-win” Suzanne Waters, Episode #39
“The federal incentives make up 50-60% of the cost of the project and that doesn’t include the state level incentives. If you have strong state level incentives it really helps” Benoy Thanjan, Episode #39
“In states that have better incentives the land owners are going to benefit from that” Suzanne Waters, Episode #39
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, Steve Schwerd from Schwerd Consulting, and Juan Truyol from Strata Solar.
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 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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