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 38: Why Commercial & Industrial Building Owners Should Go Solar?
SMP 37: Guest Episode - Making an Impact While Saving the World - Benoy Thanjan on the Create Your Life Series
SMP 36: The State of the Project Finance Market for Solar Energy
SMP 34: The importance of solar estimating in the construction of a solar project
SMP 33: The New York Solar Market
SMP 32: The NJ Solar Market
SMP 31: Why Operations & Maintenance is so important for the useful life of the solar project
SMP 30: How to construct a great solar project
SMP 29: SREC 101
SMP 28: The Virginia Solar Market
SMP 27: How Climate Change has impacted the Economy? The PG&E Example.
SMP 26: A Developer's Perspective on the US Solar Market
SMP 25: Unique Customer Acquisition and Financing Solutions for the Commercial Energy Market
SMP 24: 2019 US Solar and Energy Storage Discussion and Solar Opportunity Zone Investment
SMP 23: Community Solar 101 with Suzanne Waters
SMP 22: US Solar Module Market Discussion and Female Entrepreneur’s Perspective with Lauren Carson
SMP 21: An Investor's Perspective on the US Solar Market
SMP 20: The Solar Intrapreneur Story: How Nate helped IGS become one of the biggest solar asset owners in the US
SMP 19: Customer Acquisition and Billing in Community Solar
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