Episode summary:
In this episode, Steve Raeder sits down to talk about the opportunities and challenges of solar over the past 10 years. Steve also discusses Summit Ridge’s focus on community solar and offering solar to the residential community and their initiatives throughout multiple states. Also, Summit Ridge is working to overcome the financing through the lenders to bring the solar option to more residential customers. Steve talks about the next phase of the company which is to own all the projects that they develop and co-develop.
About our Guests:
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.
Steve Raeder
Steve Raeder CEO and Founder of Summit Ridge. In the beginning, the company’s focus was commercial customers, cities and federal agencies that Steve had worked with for years, but over time, Summit Ridge Energy changed to working with communities and developing community solar. They developed a nearly 7-megawatt community solar project in Maryland, and the company is heavily invested across Illinois. He was previously the managing director of Northeast Business Development a Sun Edison.
Insights from this episode:
Quotes from the show:
Stay connected:
Benoy Thanjan
https://www.reneuenergy.com
https://www.linkedin.com/in/bthanjan/
info@renewenergy.com
Facebook: Reneu Energy
Summit Ridge
linkedin.com/company/summitridgeenergy/
http://www.srenergy.com/
Steve Raeder
linkedin.com/in/steve-raeder-5283a0?trk=org-employees_mini-profile_cta
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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
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SMP 67: Investor/Developer's Perspective on the Indian Solar Market and Other International Markets
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SMP 65: 20 Year Solar Veteran and Entrepreneur Provides Perspective on the Solar Market
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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
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