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
SMP 19: Customer Acquisition and Billing in Community Solar
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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