Episode Summary
DG Energy Partners founder Michael DellaGala joins Benoy to talk about his path to being a provider of development capital. They cover a lot of ground including what DGEP does, his partnership with Metropolis Capital, his experience in project development, and how the market is in need of this type of capital.
About our Guest:
Mike DellaGala, is the Founder and Managing Partner of DG Energy Partners (DGEP) and leads the firm's Project Finance and Advisory Groups. Mike has been financing and advising on projects in the clean and renewable energy space since 2008. Areas of expertise include solar, wind, biomass and carbon/emission technologies.
During his career, Mike has structured, advised on and financed more than 35MW of distributed generation solar, totaling more than $200MM. He has 5 years of experience in fixed income and interest rate derivatives sales,trading and risk management.
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.
Insight from this episode:
Quotes from the show:
“Not every project will work, especially that early, which creates an opportunity in the marketplace.” Benoy Thanjan, Episode #35
“There’s not a lot of people that are providing development capital that early which gives you an advantage, meaning seeing a lot of projects.” Benoy Thanjan, Episode #35
“Solar is almost like the Wild Wild West. Even as the market gets more sophisticated and mature, there are a lot of players coming into the market and everyone says they are a developer.” Benoy Thanjan, Episode #35
“We’ve talked about the merits of the project but the merits of the developer are probably just as important, if not more so.” Mike DellaGala, Episode #35
“When it comes to development capital the dollar stretches pretty far. So, we feel like we’ll run out of deals before we run out of capital.” Mike DellaGala, Episode #35
“It’s a really good thing that there’s more capital here and that it’s moving early on. It just goes to show that the risk and the macro assumption of this asset within the overall investment community is something meaningful.” Mike DellaGala, Episode #35
Stay Connected:
Benoy Thanjan
info@reneuenergy.com
LinkedIn.com/bthanjan
www.reneuenergy.com
Facebook: Reneu Energy
Michael DellaGala
mike@dgepm.com
http://www.dgenergypartners.com/
www.metromezz.com/
SMP 79: Building the Solar Future Through Solar Forecasting
SMP 78: Social Dynamic Selling System For Solar Energy
SMP 77: Expert Insights: Driving Growth in the Energy Storage Industry
SMP 76: How CS Energy has grown rapidly and differentiated itself from other solar installers?
SMP 75: Mid-Year Solar Trends 2020
SMP 74: Impacts of COVID-19 on Residential Solar
SMP 73: Policy Discussion on the NJ and NY Solar Market
SMP 72: COVID-19 Impacts on the Solar Industry
SMP 71: Guest Episode - Renewable Energy Goals - Benoy Thanjan on the Create Your Life Series
SMP 70: Insights and Perspectives from the CEO of Canadian Developer that is developing large number of solar projects in the US
SMP 69: Solar/Roof Integrated Funding Program
SMP 68: A great team and technology platform has allowed CleanCapital to increase substantially their ownership of solar assets
SMP 67: Investor/Developer's Perspective on the Indian Solar Market and Other International Markets
SMP 66: How Relationships Allow an Investor to Scale Ownership of Solar Projects
SMP 65: 20 Year Solar Veteran and Entrepreneur Provides Perspective on the Solar Market
SMP 64: How Solar is Powering Extra Space Storage.
SMP 63: 2020 Solar Predictions and Trends
SMP 62: Impact of Renewable Energy on the Future of Real Estate
SMP 61: Guest Episode - Start-Up Accelerator, Investing, Solar & Podcasting with Benoy Thanjan on The Formula
SMP 60: Developing Renewable Energy in Opportunity Zones
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