The Solar Maverick Podcast is the insiders guide to where the solar and energy markets meet entrepreneurship and trailblazing. Hosted by Benoy Thanjan - a serial entrepreneur and founder of Reneu Energy
Episodes
Wednesday Jan 24, 2024
Wednesday Jan 24, 2024
Episode Summary
In this episode of the Solar Maverick Podcast, Benoy speaks with Mike Hall who is CEO of Anza Renewables. Anza helps solar module and energy storage equipment buyers optimize and accelerate their buying process. Mike speaks about many interesting topics like Effective $/Watt and total value, when most solar developers will be able to take advantage of the domestic content adder, and what storage technology is most popular.
Benoy Thanjan
Benoy Thanjan is the Founder and CEO of Reneu Energy and he is also an advisor for several solar startup companies. He has extensive project origination, development, and financial experience in the renewable energy industry and in the environmental commodities market.
This includes initial site evaluation, permitting, financing, sourcing equipment, and negotiating the long-term energy and environmental commodities off-take agreements. He manages due diligence processes on land, permitting, and utility interconnection and is in charge of financing
and structuring through Note to Proceed (“NTP”) to Commercial Operation Date (“COD”). Benoy composes teams suitable for all project development and construction tasks. He is also involved in project planning and pipeline financial modeling. He has been part of all sides of the
transaction and this allows him to provide unique perspectives and value. Benoy has extensive experience in financial engineering to make solar projects profitable.
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 was the Vice President at Vanguard Energy Partners which is a national solar installer where he focused on project finance solutions for commercial scale solar projects. He also worked for Ridgewood Renewable Power, a private equity fund, where he analyzed potential investments in renewable energy projects and worked on maximizing the financial return of the projects in the portfolio. Benoy also worked on the sale of all of the renewable energy projects in Ridgewood’s portfolio.
He was in the Energy Structured Finance practice for Deloitte & Touche and in Financial Advisory Services practice at Ernst & Young. 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. He has a MBA in Finance from Rutgers University and a BS in Finance and Economics from the Stern School of Business at New York University. Benoy was an Alumni Scholar at the Stern School of Business.
Mike Hall
Mike Hall currently serves as Chief Executive Officer and board member at Anza. Mike began his career in renewable energy in 2002 when he co-founded Borrego with his brother, Aaron, and his ultimate frisbee teammate Chris Anderson. Mike’s 21-year career at Borrego included serving as the company’s CEO from 2009 to 2023. Borrego built several successful downstream solar and storage business lines during that time. One of the businesses was a leading middle-market solar, storage, and distributed wind developer. Energy Capital Partners bought that business in 2022, now New Leaf Energy. In 2020, Mike and his brother Aaron developed the initial Anza business strategy after observing Borrego’s IPP customers’ challenges in managing a rapidly changing module supply environment. Today, Mike’s focus is working with the Anza team to help the entire solar and storage industry achieve superior project outcomes. He is passionate about building high-performing teams, developing leadership, and maintaining a lean philosophy of continuous improvement—in all things related to renewable energy. Before joining Borrego, Mike worked as a Process Engineer for Applied Materials in Santa Clara. Mike holds an M.S. in Chemical Engineering from Stanford University and a B.S. in Chemical Engineering from the University of California Santa Barbara.
Stay Connected:
Benoy Thanjan
Email: info@reneuenergy.com
LinkedIn: Benoy Thanjan
Website: https://www.reneuenergy.com
Mike Hall
Website: https://www.anzarenewables.com
Linkedin: https://www.linkedin.com/in/natejov/
We would like to thank our sponsor Schwerd Consulting for sponsoring this episode of the Solar Maverick Podcast.
Schwerd Consulting is a leading solar consulting firm dedicated to design, engineering, owner representation and technical consulting in all areas of solar photovoltaics and energy storage for the Commercial & Industrial and Utility markets. At Schwerd Consulting we like to say that We Know Solar. We don’t just Do Solar. What sets us apart is our 100% focus on solar, while having an extensive background in building and utility engineering, and understanding the business of our clients. We are involved with the trends, technologies, vendors, policies, utilities, codes, and financial considerations for the industry. Therefore, value add for us is not just a slogan, it’s what we practice in order to have loyal customers and gain trust.
In its 9 years of business, Schwerd Consulting has provided services for approximately 1 GW of PV across over 800 sites and 17 US states plus the Caribbean. Let Schwerd Consulting take the burden off you and bring ease and expertise in all areas of Engineering & Design or help you navigate the technical world of solar. If you are interested in learning more about Schwerd Consulting, you can call 215-219-6718 or email to admin@schwerdconsulting. Schwerd Consulting’s website is www.schwerdconsulting.com.
Wednesday Dec 20, 2023
Wednesday Dec 20, 2023
Episode Summary
In this episode of the Solar Maverick Podcast, Benoy speaks with Paul Warley who is the CEO of Ascent Solar Technologies which is manufacturer of innovative, high performance, flexible thin-film solar panels for both existing and emerging agrivoltaic, space, and aerospace applications. Paul talks about how thin-film solar will play a vital role with the renewable energy transition specially in space and agrivoltaics and the rapid rise of solar power in space.
Benoy Thanjan
Benoy Thanjan is the Founder and CEO of Reneu Energy and he is also an advisor for several solar startup companies. He has extensive project origination, development, and financial experience in the renewable energy industry and in the environmental commodities market.
This includes initial site evaluation, permitting, financing, sourcing equipment, and negotiating the long-term energy and environmental commodities off-take agreements. He manages due diligence processes on land, permitting, and utility interconnection and is in charge of financing
and structuring through Note to Proceed (“NTP”) to Commercial Operation Date (“COD”). Benoy composes teams suitable for all project development and construction tasks. He is also involved in project planning and pipeline financial modeling. He has been part of all sides of the transaction and this allows him to provide unique perspectives and value. Benoy has extensive
experience in financial engineering to make solar projects profitable.
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 was the Vice President at Vanguard Energy Partners which is a national solar installer where he focused on project finance solutions for commercial scale solar projects. He also worked for Ridgewood Renewable Power, a private equity fund, where he analyzed potential investments in renewable energy projects and worked on maximizing the financial return of the projects in the portfolio. Benoy also worked on the sale of all of the renewable energy projects in Ridgewood’s portfolio.
He was in the Energy Structured Finance practice for Deloitte & Touche and in Financial Advisory Services practice at Ernst & Young. 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. He has a MBA in Finance from Rutgers University and a BS in Finance and Economics from the Stern School of Business at New York University. Benoy was an Alumni Scholar at the Stern School of Business.
Paul Warley
Prior to Ascent, Warley was president of Warley & Company LLC, a strategic advisory firm from 2015 to 2022 – providing executive management services, capital advisory, and M&A to middle-market companies in the service, construction, technology, oil & gas, clean energy, food, retail and green-building sectors.
While at Warley & Company from 2018 to 2019, he was engaged as chief executive officer and CFO of 360Imaging, a provider of products and services for implant surgery and digital dentistry.
From 2011 to 2015, Warley served clients in the alternative energy industry as a managing director and chief compliance officer with Deloitte Corporate Finance.
From 1997 to 2011, Warley was managing director and region manager for GE Capital.
From 1984 to 1997, Warley served as senior vice president with Bank of America and Bankers Trust.
Stay Connected:
Benoy Thanjan
Email: info@reneuenergy.com
LinkedIn: Benoy Thanjan
Website: https://www.reneuenergy.com
Paul Warley
Website: https://ascentsolar.com/
Linkedin: https://www.linkedin.com/in/paul-warley-015203a/
Our Sponsor:
We would like to thank Schwerd Consulting for sponsoring this episode of the Solar Maverick Podcast.
Schwerd Consulting is a leading solar consulting firm dedicated to design, engineering, owner representation and technical consulting in all areas of solar photovoltaics and energy storage for the Commercial & Industrial and Utility markets. At Schwerd Consulting we like to say that We Know Solar. We don’t just Do Solar. What sets us apart is our 100% focus on solar, while having an extensive background in building and utility engineering, and understanding the business of our clients. We are involved with the trends, technologies, vendors, policies, utilities, codes, and financial considerations for the industry. Therefore, value add for us is not just a slogan, it’s what we practice in order to have loyal customers and gain trust.
In its 9 years of business, Schwerd Consulting has provided services for approximately 1 GW of PV across over 800 sites and 17 US states plus the Caribbean. Let Schwerd Consulting take the burden off you and bring ease and expertise in all areas of Engineering & Design or help you navigate the technical world of solar. If you are interested in learning more about Schwerd Consulting, you can call 215-219-6718 or email to admin@schwerdconsulting. Schwerd Consulting’s website is www.schwerdconsulting.com.
Tuesday Dec 12, 2023
Tuesday Dec 12, 2023
Episode Summary
In this episode of the Solar Maverick Podcast, Benoy speaks with Nathan Jovanelly who is the CEO and Founder of SunRaise Capital. Nate talks about his new company SunRaise Capital which provides affordable and accessible renewable energy options to homeowners. Nate talks about how transferability of the tax credit from the Inflation Reduction Act(“IRA”) will lead to a lot more solar deployment and allow solar installers to own their projects.
Benoy Thanjan
Benoy Thanjan is the Founder and CEO of Reneu Energy and he is also an advisor for several solar startup companies. He has extensive project origination, development, and financial experience in the renewable energy industry and in the environmental commodities market.
This includes initial site evaluation, permitting, financing, sourcing equipment, and negotiating
the long-term energy and environmental commodities off-take agreements. He manages due
diligence processes on land, permitting, and utility interconnection and is in charge of financing
and structuring through Note to Proceed (“NTP”) to Commercial Operation Date (“COD”). Benoy
composes teams suitable for all project development and construction tasks. He is also involved
in project planning and pipeline financial modeling. He has been part of all sides of the
transaction and this allows him to provide unique perspectives and value. Benoy has extensive
experience in financial engineering to make solar projects profitable.
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 was the Vice President at Vanguard Energy Partners which is a national solar installer where he focused on project finance solutions for commercial scale solar projects. He also worked for Ridgewood Renewable Power, a private equity fund, where he analyzed potential investments in renewable energy projects and worked on maximizing the financial return of the projects in the portfolio. Benoy also worked on the sale of all of the renewable energy projects in Ridgewood’s portfolio.
He was in the Energy Structured Finance practice for Deloitte & Touche and in Financial Advisory Services practice at Ernst & Young. 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. He has a MBA in Finance from Rutgers University and a BS in Finance and Economics from the Stern School of Business at New York University. Benoy was an Alumni Scholar at the Stern School of Business.
Nathan Jovanelly
Jovanelly LLC is a problem solver in the solar industry. Nathan, the CEO, has a proven track record of simplifying complex issues and helping solar companies:
Develop business strategies and tactics to gain a competitive advantage;
Connect to affiliates, partnerships, and vendors to scale faster;
Gain access to project and growth capital;
Increase market share through operational efficiency; and
Coach and mentor sales leadership.
We are not just another consulting firm. Jovanelly LLC works side by side with your team to identify the gaps that are holding you back from reaching your business goals. We develop an implementable plan structured to optimize your current resources, and stick with you all the way through completion. We become part of your team and are invested in your success. Jovanelly LLC focuses on helping your company reach its full potential; making your solar business limitless.
Nate is the CEO and Founder of Sunraise Capital’s mission is to provide affordable and accessible renewable energy options to homeowners, while reducing carbon footprints and creating a sustainable future for generations to come. They achieve their mission by partnering with industry leading solar installers to provide our customers with the best possible solar experience at competitive rates.
Stay Connected:
Benoy Thanjan
Email: info@reneuenergy.com
LinkedIn: Benoy Thanjan
Website: https://www.reneuenergy.com
Nathan Jovanelly
Email: nate@jovanellyllc.com
Website: https://jovanelly.io/
SunRaise Capital Website: https://www.sunraisecapital.com/
Limitless Podcast: https://jovanelly.io/limitless-podcast
Linkedin: https://www.linkedin.com/in/natejov/
Nate’s other interviews on the Solar Maverick Podcast
Solar Maverick Episode 147: RE+ Takeaways
https://solarmaverick.podbean.com/e/smp-147-re-conference-takeaways/
Solar Maverick Episode 139: Opportunities and Challenges with the PJM Solar Market
https://www.youtube.com/watch?v=u14GHBkqcqo
Solar Maverick Episode 134: 2023 Solar Predictions
https://solarmaverick.podbean.com/e/smp-134-2023-solar-predictations/
SMP 131: How Technology and Software are innovating the Solar Industry?
https://solarmaverick.podbean.com/e/smp-131-how-technology-and-software-is-innovating-the-solar-industry/
SMP 100: US Residential Solar, Storage, and Electric Vehicle Trends
https://solarmaverick.podbean.com/e/smp-100-us-residential-solar-storage-and-electric-vehicles-trends/
SMP 74: Impact on COVID-19 on Residential Solar
https://podcasts.apple.com/us/podcast/smp-74-impacts-of-covid-19-on-residential-solar/id1441876259?i=1000475840259
SMP 58: Residential Solar Financing and Other Interesting Topics
https://podcasts.apple.com/tc/podcast/smp-58-residential-solar-financing-other-interesting/id1441876259?i=1000459212910
SMP 20: The Solar Intrapreneur Story: How Nate helped IGS become one of the biggest solar asset owners in the US
We would like to thank Schwerd Consulting for sponsoring this episode of the Solar Maverick Podcast.
Schwerd Consulting is a leading solar consulting firm dedicated to design, engineering, owner representation and technical consulting in all areas of solar photovoltaics and energy storage for the Commercial & Industrial and Utility markets. At Schwerd Consulting we like to say that We Know Solar. We don’t just Do Solar. What sets us apart is our 100% focus on solar, while having an extensive background in building and utility engineering, and understanding the business of our clients. We are involved with the trends, technologies, vendors, policies, utilities, codes, and financial considerations for the industry. Therefore, value add for us is not just a slogan, it’s what we practice in order to have loyal customers and gain trust.
In its 9 years of business, Schwerd Consulting has provided services for approximately 1 GW of PV across over 800 sites and 17 US states plus the Caribbean. Let Schwerd Consulting take the burden off you and bring ease and expertise in all areas of Engineering & Design or help you navigate the technical world of solar. If you are interested in learning more about Schwerd Consulting, you can call 215-219-6718 or email to admin@schwerdconsulting. Schwerd Consulting’s website is www.schwerdconsulting.com.
Saturday Dec 02, 2023
Saturday Dec 02, 2023
Episode Summary
In this episode of the Solar Maverick Podcast, Benoy speaks with Jigar Shah who is the Director for the Loan Programs Office(“LPO”) at the U.S. Department of Energy(“DOE”). Jigar speaks about Virtual Power Purchase Agreements(“VPPAs”), DOE’s $3 Billion Partial Loan Guarantee to Sunnova’s Project Hestia, and how the solar industry has to innovate.
Benoy Thanjan
Benoy Thanjan is the Founder and CEO of Reneu Energy and he is also an advisor for several solar startup companies. He has extensive project origination, development, and financial experience in the renewable energy industry and in the environmental commodities market.
This includes initial site evaluation, permitting, financing, sourcing equipment, and negotiating the long-term energy and environmental commodities off-take agreements. He manages due diligence processes on land, permitting, and utility interconnection and is in charge of financing
and structuring through Note to Proceed (“NTP”) to Commercial Operation Date (“COD”). Benoy composes teams suitable for all project development and construction tasks. He is also involved in project planning and pipeline financial modeling. He has been part of all sides of the
transaction and this allows him to provide unique perspectives and value. Benoy has extensive experience in financial engineering to make solar projects profitable.
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 was the Vice President at Vanguard Energy Partners which is a national solar installer where he focused on project finance solutions for commercial scale solar projects. He also worked for Ridgewood Renewable Power, a private equity fund, where he analyzed potential investments in renewable energy projects and worked on maximizing the financial return of the projects in the portfolio. Benoy also worked on the sale of all of the renewable energy projects in Ridgewood’s portfolio.
He was in the Energy Structured Finance practice for Deloitte & Touche and in Financial Advisory Services practice at Ernst & Young. 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. He has a MBA in Finance from Rutgers University and a BS in Finance and Economics from the Stern School of Business at New York University. Benoy was an Alumni Scholar at the Stern School of Business.
Jigar Shah
Jigar Shah is the Director for the Loan Programs Office at the U.S. Department of Energy, where he leads and directs the organization's considerable loan authority within manufacturing, innovative project finance, and tribal energy. With more than 25 years of experience in clean energy, he is an expert in project finance, clean technology, and entrepreneurship, as well as a visionary leader and innovator in the field of sustainable infrastructure.
Stay Connected:
Benoy Thanjan
Email: info@reneuenergy.com
LinkedIn: Benoy Thanjan
Website: https://www.reneuenergy.com
Jigar Shah
Loan Programs Office Website: https://www.energy.gov/lpo/loan-programs-office
Loan Program Office Linkedin Page: https://www.linkedin.com/company/doe-loan-programs-office/
Linkedin: https://www.linkedin.com/in/jigarshahdc/
Article in WSJ about Jigar: https://www.wsj.com/articles/green-energy-climate-loans-49fda73b
DOE content about VPPAs
DOE Announces $3 Billion Partial Loan Guarantee to Sunnova’s Project Hestia
THE PATHWAY TO: VIRTUAL POWER PLANTS COMMERCIAL LIFTOFF
https://liftoff.energy.gov/vpp/
Reneu Energy and Solar Maverick Podcast Holiday Fundraiser
Reneu Energy and the Solar Maverick Podcast are having their Holiday Fundraiser and Networking Event on Tuesday, December 5th, 2023 from 6pm to 10pm at Hudson Hall in Jersey City, NJ.
Hudson Hall is a Czech Biergarten and Smokehouse. Benoy who is the CEO of Reneu Energy and host of Solar Maverick Podcast is one of the owners.
It is $64 to attend. The Admission Fee goes to two charities that we are fundraising at the event which are Let's Share the Sun Foundation and the Boys & Girls Club and covering our expenses for the event. Appetizers will be served.
We will be partnering with Grand Stand Sports & Memorabilia. They will be selling memorabilia proceeds will go to charities.
At our last two events, we raised $1,450 for the Boys & Girls Club and $1,450 for Let's Share the Sun Foundation. We are raising money for both charities at this event.
If you are interested in sponsoring the event, please email Reneu Energy at info@reneuenergy.com.
The eventbrite link is below.
We would like to thank our sponsors for the holiday fundraiser which is Summit Ridge Energy and SolaREIT.
Summit Ridge Energy is the nation’s leading commercial solar company. Through its strategic partnerships and project financing expertise, the company develops, acquires, owns, and operates energy projects within the rapidly growing commercial solar and battery storage sectors.
In the past six years, Summit Ridge Energy has deployed over $1.6B USD into cleanenergy assets. With a development pipeline of more than 2 GW, Summit Ridge Energy will have more than 400 MW of PV online by the end of 2023, providing solar power to 50,000 homes and businesses. Learn more at srenergy.com and connect with us on LinkedIn.
SolaREIT, based in Vienna, Virginia, focuses on making investments in acquiring, developing, and managing climate-friendly real estate assets that support solar and battery storage projects, furthering the transformation to a low-carbon economy. SolaREIT offers practical and streamlined financing options that deliver maximum flexibility to developers, project owners and landowners based on their individual needs and financial goals. SolaREIT’s products include land purchases, solar and storage land loans, and lease purchases among other innovative solutions for clients. For more information, please visit www.solareit.com or follow us on LinkedIn.
We would like to thank Schwerd Consulting for sponsoring this episode of the Solar Maverick Podcast.
Schwerd Consulting is a leading solar consulting firm dedicated to design, engineering, owner representation and technical consulting in all areas of solar photovoltaics and energy storage for the Commercial & Industrial and Utility markets. At Schwerd Consulting we like to say that We Know Solar. We don’t just Do Solar. What sets us apart is our 100% focus on solar, while having an extensive background in building and utility engineering, and understanding the business of our clients. We are involved with the trends, technologies, vendors, policies, utilities, codes, and financial considerations for the industry. Therefore, value add for us is not just a slogan, it’s what we practice in order to have loyal customers and gain trust.
In its 9 years of business, Schwerd Consulting has provided services for approximately 1 GW of PV across over 800 sites and 17 US states plus the Caribbean. Let Schwerd Consulting take the burden off you and bring ease and expertise in all areas of Engineering & Design or help you navigate the technical world of solar. If you are interested in learning more about Schwerd Consulting, you can call 215-219-6718 or email to admin@schwerdconsulting. Schwerd Consulting’s website is www.schwerdconsulting.com.
Friday Dec 01, 2023
Friday Dec 01, 2023
Episode Summary
In this episode of the Solar Maverick Podcast, Benoy speaks with Garren Bisschoff who is the Senior Vice President of Business Development at Summit Ridge Energy(“SRE”). Garren speaks about Summit Ridge Energy 100 MW Community Solar Portfolio in Virginia, the magnificent growth of Summit Ridge Energy, and his solar journey.
Here is the press release discussed on the Solar Maverick Podcast.
Summit Ridge Energy Becomes Market Leader in Virginia with 100 MW Community Solar Portfolio
Projects will lower electricity rates for low-income households located throughout the Commonwealth
Benoy Thanjan
Benoy Thanjan is the Founder and CEO of Reneu Energy and he is also an advisor for several solar startup companies. He has extensive project origination, development, and financial experience in the renewable energy industry and in the environmental commodities market.
This includes initial site evaluation, permitting, financing, sourcing equipment, and negotiating the long-term energy and environmental commodities off-take agreements. He manages due diligence processes on land, permitting, and utility interconnection and is in charge of financing
and structuring through Note to Proceed (“NTP”) to Commercial Operation Date (“COD”). Benoy composes teams suitable for all project development and construction tasks. He is also involved in project planning and pipeline financial modeling. He has been part of all sides of the
transaction and this allows him to provide unique perspectives and value. Benoy has extensive experience in financial engineering to make solar projects profitable.
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 was the Vice President at Vanguard Energy Partners which is a national solar installer where he focused on project finance solutions for commercial scale solar projects. He also worked for Ridgewood Renewable Power, a private equity fund, where he analyzed potential investments in renewable energy projects and worked on maximizing the financial return of the projects in the portfolio. Benoy also worked on the sale of all of the renewable energy projects in Ridgewood’s portfolio.
He was in the Energy Structured Finance practice for Deloitte & Touche and in Financial Advisory Services practice at Ernst & Young. 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. He has a MBA in Finance from Rutgers University and a BS in Finance and Economics from the Stern School of Business at New York University. Benoy was an Alumni Scholar at the Stern School of Business.
Garren Bisschoff
Garren is the Senior Vice President of Business Development at Summit Ridge Energy. He has worked in various roles in the solar industry for over 13 years at SRE, SunEdison, IGS Solar, PV Pros, and Mgwezi Consultants.
Stay Connected:
Benoy Thanjan
Email: info@reneuenergy.com
LinkedIn: Benoy Thanjan
Website: https://www.reneuenergy.com
Garren Bisschoff
Website: https://srenergy.co
Linkedin: https://www.linkedin.com/in/garren-bisschoff-a2528559/
Other Episodes with Summit Ridge Energy(“SRE”) on the Solar Maverick Podcast
How Summit Ridge Energy became one of the largest owners of the community solar projects in the US?
A Developer’s Perspective on the US Solar Market
https://solarmaverick.podbean.com/e/smp-26-a-developers-perspective-on-the-us-solar-market/
Reneu Energy and Solar Maverick Podcast Holiday Fundraiser
Reneu Energy and the Solar Maverick Podcast are having their Holiday Fundraiser and Networking Event on Tuesday, December 5th, 2023 from 6pm to 10pm at Hudson Hall in Jersey City, NJ.
Hudson Hall is a Czech Biergarten and Smokehouse. Benoy who is the CEO of Reneu Energy and host of Solar Maverick Podcast is one of the owners.
It is $64 to attend. The Admission Fee goes to two charities that we are fundraising at the event which are Let's Share the Sun Foundation and the Boys & Girls Club and covering our expenses for the event. Appetizers will be served.
We will be partnering with Grand Stand Sports & Memorabilia. They will be selling memorabilia proceeds will go to charities.
At our last two events, we raised $1,450 for the Boys & Girls Club and $1,450 for Let's Share the Sun Foundation. We are raising money for both charities at this event.
If you are interested in sponsoring the event, please email Reneu Energy at info@reneuenergy.com.
The eventbrite link is below.
We would like to thank our sponsors for the holiday fundraiser which is Summit Ridge Energy and SolaREIT.
Summit Ridge Energy is the nation’s leading commercial solar company. Through its strategic partnerships and project financing expertise, the company develops, acquires, owns, and operates energy projects within the rapidly growing commercial solar and battery storage sectors.
In the past six years, Summit Ridge Energy has deployed over $1.6B USD into cleanenergy assets. With a development pipeline of more than 2 GW, Summit Ridge Energy will have more than 400 MW of PV online by the end of 2023, providing solar power to 50,000 homes and businesses. Learn more at srenergy.com and connect with us on LinkedIn.
SolaREIT, based in Vienna, Virginia, focuses on making investments in acquiring, developing, and managing climate-friendly real estate assets that support solar and battery storage projects, furthering the transformation to a low-carbon economy. SolaREIT offers practical and streamlined financing options that deliver maximum flexibility to developers, project owners and landowners based on their individual needs and financial goals. SolaREIT’s products include land purchases, solar and storage land loans, and lease purchases among other innovative solutions for clients. For more information, please visit www.solareit.com or follow us on LinkedIn.
We would like to thank our sponsor Schwerd Consulting for sponsoring this episode of the Solar Maverick Podcast.
Schwerd Consulting is a leading solar consulting firm dedicated to design, engineering, owner representation and technical consulting in all areas of solar photovoltaics and energy storage for the Commercial & Industrial and Utility markets. At Schwerd Consulting we like to say that We Know Solar. We don’t just Do Solar. What sets us apart is our 100% focus on solar, while having an extensive background in building and utility engineering, and understanding the business of our clients. We are involved with the trends, technologies, vendors, policies, utilities, codes, and financial considerations for the industry. Therefore, value add for us is not just a slogan, it’s what we practice in order to have loyal customers and gain trust.
In its 9 years of business, Schwerd Consulting has provided services for approximately 1 GW of PV across over 800 sites and 17 US states plus the Caribbean. Let Schwerd Consulting take the burden off you and bring ease and expertise in all areas of Engineering & Design or help you navigate the technical world of solar. If you are interested in learning more about Schwerd Consulting, you can call 215-219-6718 or email to admin@schwerdconsulting. Schwerd Consulting’s website is www.schwerdconsulting.com.
Thursday Nov 30, 2023
Thursday Nov 30, 2023
Episode Summary
In this episode of the Solar Maverick Podcast, Benoy speaks with Nathan Jovanelly who is the owner of Jovanelly LLC and the CEO and Founder of SunRaise Capital. Nate and Benoy speak about Takeaways from RE+ in Las Vegas in September. RE+ is the biggest renewable energy trade show in the world with over 43,000 people who attended this past year.
Benoy Thanjan
Benoy Thanjan is the Founder and CEO of Reneu Energy and he is also an advisor for several solar startup companies. He has extensive project origination, development, and financial experience in the renewable energy industry and in the environmental commodities market.
This includes initial site evaluation, permitting, financing, sourcing equipment, and negotiating
the long-term energy and environmental commodities off-take agreements. He manages due
diligence processes on land, permitting, and utility interconnection and is in charge of financing
and structuring through Note to Proceed (“NTP”) to Commercial Operation Date (“COD”). Benoy
composes teams suitable for all project development and construction tasks. He is also involved
in project planning and pipeline financial modeling. He has been part of all sides of the
transaction and this allows him to provide unique perspectives and value. Benoy has extensive
experience in financial engineering to make solar projects profitable.
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 was the Vice President at Vanguard Energy Partners which is a national solar installer where he focused on project finance solutions for commercial scale solar projects. He also worked for Ridgewood Renewable Power, a private equity fund, where he analyzed potential investments in renewable energy projects and worked on maximizing the financial return of the projects in the portfolio. Benoy also worked on the sale of all of the renewable energy projects in Ridgewood’s portfolio.
He was in the Energy Structured Finance practice for Deloitte & Touche and in Financial Advisory Services practice at Ernst & Young. 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. He has a MBA in Finance from Rutgers University and a BS in Finance and Economics from the Stern School of Business at New York University. Benoy was an Alumni Scholar at the Stern School of Business.
Nathan Jovanelly
Jovanelly LLC is a problem solver in the solar industry. Nathan, the CEO, has a proven track record of simplifying complex issues and helping solar companies:
Develop business strategies and tactics to gain a competitive advantage;
Connect to affiliates, partnerships, and vendors to scale faster;
Gain access to project and growth capital;
Increase market share through operational efficiency; and
Coach and mentor sales leadership.
We are not just another consulting firm. Jovanelly LLC works side by side with your team to identify the gaps that are holding you back from reaching your business goals. We develop an implementable plan structured to optimize your current resources, and stick with you all the way through completion. We become part of your team and are invested in your success. Jovanelly LLC focuses on helping your company reach its full potential; making your solar business limitless.
Nate is the CEO and Founder of Sunraise Capital’s mission is to provide affordable and accessible renewable energy options to homeowners, while reducing carbon footprints and creating a sustainable future for generations to come. They achieve their mission by partnering with industry leading solar installers to provide our customers with the best possible solar experience at competitive rates.
Stay Connected:
Benoy Thanjan
Email: info@reneuenergy.com
LinkedIn: Benoy Thanjan
Website: https://www.reneuenergy.com
Nathan Jovanelly
Email: nate@jovanellyllc.com
Website: https://jovanelly.io/
Limitless Podcast: https://jovanelly.io/limitless-podcast
Linkedin: https://www.linkedin.com/in/natejov/
Nate’s other interviews on the Solar Maverick Podcast
Solar Maverick Episode 139: Opportunities and Challenges with the PJM Solar Market
https://www.youtube.com/watch?v=u14GHBkqcqo
Solar Maverick Episode 134: 2023 Solar Predictions
https://solarmaverick.podbean.com/e/smp-134-2023-solar-predictations/
SMP 131: How Technology and Software are innovating the Solar Industry?
https://solarmaverick.podbean.com/e/smp-131-how-technology-and-software-is-innovating-the-solar-industry/
SMP 100: US Residential Solar, Storage, and Electric Vehicle Trends
https://solarmaverick.podbean.com/e/smp-100-us-residential-solar-storage-and-electric-vehicles-trends/
SMP 74: Impact on COVID-19 on Residential Solar
https://podcasts.apple.com/us/podcast/smp-74-impacts-of-covid-19-on-residential-solar/id1441876259?i=1000475840259
SMP 58: Residential Solar Financing and Other Interesting Topics
https://podcasts.apple.com/tc/podcast/smp-58-residential-solar-financing-other-interesting/id1441876259?i=1000459212910
SMP 20: The Solar Intrapreneur Story: How Nate helped IGS become one of the biggest solar asset owners in the US
Reneu Energy and Solar Maverick Podcast Holiday Fundraiser
Reneu Energy and the Solar Maverick Podcast are having their Holiday Fundraiser and Networking Event on Tuesday, December 5th, 2023 from 6pm to 10pm at Hudson Hall in Jersey City, NJ.
Hudson Hall is a Czech Biergarten and Smokehouse. Benoy who is the CEO of Reneu Energy and host of Solar Maverick Podcast is one of the owners.
It is $64 to attend. The Admission Fee goes to two charities that we are fundraising at the event which are Let's Share the Sun Foundation and the Boys & Girls Club and covering our expenses for the event. Appetizers will be served.
We will be partnering with Grand Stand Sports & Memorabilia. They will be selling memorabilia proceeds will go to charities.
At our last two events, we raised $1,450 for the Boys & Girls Club and $1,450 for Let's Share the Sun Foundation. We are raising money for both charities at this event.
If you are interested in sponsoring the event, please email Reneu Energy at info@reneuenergy.com.
The eventbrite link is below.
We would like to thank our sponsors for the holiday fundraiser which is Summit Ridge Energy and SolaREIT.
Summit Ridge Energy is the nation’s leading commercial solar company. Through its strategic partnerships and project financing expertise, the company develops, acquires, owns, and operates energy projects within the rapidly growing commercial solar and battery storage sectors.
In the past six years, Summit Ridge Energy has deployed over $1.6B USD into cleanenergy assets. With a development pipeline of more than 2 GW, Summit Ridge Energy will have more than 400 MW of PV online by the end of 2023, providing solar power to 50,000 homes and businesses. Learn more at srenergy.com and connect with us on LinkedIn.
SolaREIT, based in Vienna, Virginia, focuses on making investments in acquiring, developing, and managing climate-friendly real estate assets that support solar and battery storage projects, furthering the transformation to a low-carbon economy. SolaREIT offers practical and streamlined financing options that deliver maximum flexibility to developers, project owners and landowners based on their individual needs and financial goals. SolaREIT’s products include land purchases, solar and storage land loans, and lease purchases among other innovative solutions for clients. For more information, please visit www.solareit.com or follow us on LinkedIn.
We would like to thank our sponsor NYSEIA for this episode of the Solar Maverick Podcast.
Founded in 1994, New York Solar Energy Industries Association (NYSEIA) is the only statewide membership and trade association dedicated solely to advancing solar energy use in New York State.
NYSEIA proudly represents hundreds of businesses across New York that employ thousands of workers throughout the solar value chain. Led by its active board of directors, NYSEIA strives to achieve significant, long-term, and sustainable growth of solar energy for New York State.
Founded in 1994, New York Solar Energy Industries Association (NYSEIA) is the only statewide membership and trade association dedicated solely to advancing solar energy use in New York State.
NYSEIA proudly represents hundreds of businesses across New York that employ thousands of workers throughout the solar value chain. Led by its active board of directors, NYSEIA strives to achieve significant, long-term, and sustainable growth of solar energy for New York State.
If you are interested in learning more about NYSEIA, their website is https://www.nyseia.org/.
Thursday Nov 02, 2023
Thursday Nov 02, 2023
Episode Summary
In this episode of the Solar Maverick Podcast, Benoy speaks with Albie Fong who is the Sr. Director of Business Development at Erthos. Erthos offers a full suite of products and services aimed at helping developers dramatically reduce the levelized cost of energy (“LCOE”) on utility-scale solar power plants.
Albie discusses how Erthos innovates utility solar construction, how the company has gotten investors comfortable with their new innovative technology, and Albie speaks about the book that he wrote about Solar Project Development.
Benoy Thanjan
Benoy Thanjan is the Founder and CEO of Reneu Energy and he is also an advisor for several solar startup companies. He has extensive project origination, development, and financial experience in the renewable energy industry and in the environmental commodities market.
This includes initial site evaluation, permitting, financing, sourcing equipment, and negotiating the long-term energy and environmental commodities off-take agreements. He manages due diligence processes on land, permitting, and utility interconnection and is in charge of financing and structuring through Note to Proceed (“NTP”) to Commercial Operation Date (“COD”). Benoy composes teams suitable for all project development and construction tasks. He is also involved in project planning and pipeline financial modeling. He has been part of all sides of the transaction and this allows him to provide unique perspectives and value. Benoy has extensive experience in financial engineering to make solar projects profitable.
Before founding Reneu Energy, he was the Environmental Commodities 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 Tesla to move into the east coast markets.
Benoy was the Vice President at Vanguard Energy Partners which is a national solar installer where he focused on project finance solutions for commercial scale solar projects. He also worked for Ridgewood Renewable Power, a private equity fund, where he analyzed potential investments in renewable energy projects and worked on maximizing the financial return of the projects in the portfolio. Benoy also worked on the sale of all of the renewable energy projects in Ridgewood’s portfolio.
He was in the Energy Structured Finance practice for Deloitte & Touche and in Financial Advisory Services practice at Ernst & Young. 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. He has a MBA in Finance from Rutgers University and a BS in Finance and Economics from the Stern School of Business at New York University. Benoy was an Alumni Scholar at the Stern School of Business.
Albie Fong
Albie Fong is the Sr. Director of Business Development at Erthos. He has over 16 years in the solar industry. He has worked at Idemitsu Renewables, Solar Frontier, Cogenra Solar, Talesun Solar, and Albiasa.
Solar Project Development Book discussed on the podcast written by Albie Fong.
Project Development in the Solar Industry by Albie Fong (Editor), Jesse Tippett (Editor)
Below is the Amazon Link.
https://www.amazon.com/Project-Development-Solar-Industry-Albie/dp/0367576619/ref=sr_1_5?crid=36MI64HYLEMYV&keywords=solar+project+development&qid=1687177550&sprefix=solar+project+development%2Caps%2C143&sr=8-5&ufe=app_do%3Aamzn1.fos.18630bbb-fcbb-42f8-9767-857e17e03685
Stay connected:
Benoy Thanjan
Website: www.reneuenergy.com
Email: info@reneuenergy.com
LinkedIn: Benoy Thanjan
Facebook: Reneu Energy
Albie Fong
Website: www.erthos.com
Linkedin: https://www.linkedin.com/in/albiefong/
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Email: Albie.Fong@erthos.com |
Reneu Energy and the Solar Maverick Podcast Holiday Fundraiser and Networking Event on Tuesday, December 5th, 2023 from 6pm to 10pm at Hudson Hall in Jersey City, NJ.
It is $64 to attend. Part of the Admission Fee goes to two charities that we are fundraising at the event and covering our expenses for the event. Appetizers will be served and make sure to come hungry.
At our last two events, we raised $1,450 for the Boys & Girls Club and $1,450 for Let's Share the Sun Foundation. We are raising money for both charities at this event.
The eventbrite link is listed below.
If you are interested in sponsoring the event, please email Reneu Energy at info@reneuenergy.com.
PROMO Code MAVERICK to attend the New York Solar Summit for 15% discount
The New York Solar Summit is coming up on November 9th in Albany, NY which is a great event about the NY Solar and Storage Market organized by New York Solar Energy Industries Association (NYSEIA). Reneu Energy is a member of NYSEIA and our CEO Benoy Thanjan has spoken at past New York Solar Summits.
New York leads the clean energy revolution with ambitious distributed solar and storage goals as part of its historic climate legislation that was passed in 2019. The recent passage of the Inflation Reduction Act helps to bring these goals within reach, and clean energy leaders are gathering on November 9th to discuss the necessary solutions to challenges along the way.
When you register for the New York Solar Summit, you will be joining over 600 clean energy leaders for ample networking and learning opportunities, expert panel discussions, and a trade show filled with leading clean energy companies! Plus, we have exciting keynote addresses from Doreen Harris, CEO and President of NYSERDA, and Jigar Shah, Director of Loans Programs at the U.S. Department of Energy.
Don’t miss the New York Solar Summit, hosted by New York Solar Energy Industries Association and presented by NYSERDA, on November 9th at the Albany Capital Center! Visit www.nyseia.org for more information and register today. Register using the promo code MAVERICK for a 15% discount on tickets and hope to see you there!
Subscribe to our podcast + download each episode on iTunes, Podbean, YouTube, and most of the major podcast platforms.
This episode was produced and managed by Podcast Laundry.
Monday Oct 16, 2023
Monday Oct 16, 2023
Episode Summary
In this episode of the Solar Maverick Podcast, Benoy speaks with Sarah Moon who is the Co-Founder & Principal at Fieldworks Power. Fieldworks Power is a forward-thinking distributed energy development company focused on developing community solar projects in the United States. Sarah discusses the different community solar markets in the United States, the benefits of the Inflation Reduction Act(“IRA”) for renewables, and her entrepreneurship journey.
Benoy Thanjan
Benoy Thanjan is the Founder and CEO of Reneu Energy and he is also an advisor for several solar startup companies. He has extensive project origination, development, and financial experience in the renewable energy industry and in the environmental commodities market.
This includes initial site evaluation, permitting, financing, sourcing equipment, and negotiating the long-term energy and environmental commodities off-take agreements. He manages due diligence processes on land, permitting, and utility interconnection and is in charge of financing and structuring through Note to Proceed (“NTP”) to Commercial Operation Date (“COD”). Benoy composes teams suitable for all project development and construction tasks. He is also involved in project planning and pipeline financial modeling. He has been part of all sides of the transaction and this allows him to provide unique perspectives and value. Benoy has extensive experience in financial engineering to make solar projects profitable.
Before founding Reneu Energy, he was the Environmental Commodities 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 Tesla to move into the east coast markets.
Benoy was the Vice President at Vanguard Energy Partners which is a national solar installer where he focused on project finance solutions for commercial scale solar projects. He also worked for Ridgewood Renewable Power, a private equity fund, where he analyzed potential investments in renewable energy projects and worked on maximizing the financial return of the projects in the portfolio. Benoy also worked on the sale of all of the renewable energy projects in Ridgewood’s portfolio.
He was in the Energy Structured Finance practice for Deloitte & Touche and in Financial Advisory Services practice at Ernst & Young. 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. He has a MBA in Finance from Rutgers University and a BS in Finance and Economics from the Stern School of Business at New York University. Benoy was an Alumni Scholar at the Stern School of Business.
Sarah Moon
Sarah is the Co-Founder & Principal at Fieldworks Power which is a greenfield distributed energy development company focused on shaping new markets across the US. She was the Senior Director of Community Solar Origination at Distributed Solar Development. She was the Director Of Business Development at Solstice which is a Community Solar Customer Acquisition Company.
Below is an article that Sarah wrote about the extended value and growing importance of community solar.
https://pv-magazine-usa.com/2023/02/24/the-extended-value-and-growing-importance-of-community-solar/
Below is the article on Imposter Syndrome she was mentioning during the interview.
https://news.mit.edu/2022/imposter-syndrome-upside-0415
Stay connected:
Benoy Thanjan
Website: www.reneuenergy.com
Email: info@reneuenergy.com
LinkedIn: Benoy Thanjan
Facebook: Reneu Energy
Sarah Moon
Website: https://fieldworkspower.com/
Linkedin: https://www.linkedin.com/in/sarahmoon93/
|
Email: sarah@fieldworkspower.com |
Subscribe to our podcast + download each episode on iTunes, Podbean, YouTube, and most of the major podcast platforms.
This episode was produced and managed by Podcast Laundry.
Thursday Oct 12, 2023
Thursday Oct 12, 2023
Episode Summary
In this episode, Benoy and his co-host, Andy Daniels, Head of Tech Support for the Americas at LuxpowerTek, delve into the fascinating journey of their Shenzhen-based solar and storage inverter manufacturing company as they establish a local team and services to 'back up the backup' in the competitive US market. Join them as they explore the unique aspects of the US market, including its stringent regulations, solar production bankability, and policy incentives such as the Inflation Reduction Act, which set it apart from other markets worldwide.
Benoy Thanjan
Benoy Thanjan is the Founder and CEO of Reneu Energy and he is also an advisor for several solar startup companies. He has extensive project origination, development, and financial experience in the renewable energy industry and in the environmental commodities market.
This includes initial site evaluation, permitting, financing, sourcing equipment, and negotiating the long-term energy and environmental commodities off-take agreements. He manages due diligence processes on land, permitting, and utility interconnection and is in charge of financing and structuring through Note to Proceed (“NTP”) to Commercial Operation Date (“COD”). Benoy composes teams suitable for all project development and construction tasks. He is also involved in project planning and pipeline financial modeling. He has been part of all sides of the transaction and this allows him to provide unique perspectives and value. Benoy has extensive experience in financial engineering to make solar projects profitable.
Before founding Reneu Energy, he was the Environmental Commodities 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 Tesla to move into the east coast markets.
Benoy was the Vice President at Vanguard Energy Partners which is a national solar installer where he focused on project finance solutions for commercial scale solar projects. He also worked for Ridgewood Renewable Power, a private equity fund, where he analyzed potential investments in renewable energy projects and worked on maximizing the financial return of the projects in the portfolio. Benoy also worked on the sale of all of the renewable energy projects in Ridgewood’s portfolio.
He was in the Energy Structured Finance practice for Deloitte & Touche and in Financial Advisory Services practice at Ernst & Young. 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. He has a MBA in Finance from Rutgers University and a BS in Finance and Economics from the Stern School of Business at New York University. Benoy was an Alumni Scholar at the Stern School of Business.
LuxpowerTek
In today's world, an increasing number of people recognize distributed energy storage systems as the ultimate solution for achieving energy independence. These cutting-edge systems empower users with energy freedom and help alleviate imbalanced energy transmission for power grids.
At LuxpowerTek, they stand at the forefront of this transformative industry. Backed by an experienced R&D team boasting over two decades of expertise, their unwavering commitment is to provide high-quality energy storage solutions tailored explicitly for residential users.
They take pride in excelling in key areas, including intelligence, affordability, ease of installation, safety, and adaptability to diverse scenarios. These attributes position them as one of the most attractive choices available in the global solar and energy storage market today.
In 2023, LuxpowerTek has gone the extra mile by establishing a local service and technology team in Chino Chill, California. This strategic move ensures that they offer “always accessible locally” service to clients and users. It reflects their commitment to maintaining a strong local presence, achieved through the establishment of dedicated teams and valuable partnerships with local experts, distributors, and installers.
HQ Website: https://luxpowertek.com
US Website: http://www.luxpowertek.us
Facebook: https://www.facebook.com/LUXPOWERTEK
Andy Daniels
Andy is the Head of Tech Support and training in the USA/North America and South Africa for Luxpower. His responsibility is to manage and set up a network of Tech Support for Luxpower in these regions using various communication channels.
He is also the MD of Aspergo Energy Pty Ltd in South Africa, where we import and distribute Luxpower in southern Africa.
Andy studied Mechanical Engineering and Design and started out as a designer. In 2001, Andy completed a Bachelor of Technology in Business Management and started Aspergo in 2008.
Stay connected:
Benoy Thanjan
Website: www.reneuenergy.com
Email: info@reneuenergy.com
LinkedIn: Benoy Thanjan
Facebook: Reneu Energy
Subscribe to our podcast + download each episode on iTunes, Podbean, YouTube, and most of the major podcast platforms.
This episode was produced and managed by Podcast Laundry.
Thursday Sep 21, 2023
Thursday Sep 21, 2023
Episode Summary
Benoy and his co-host David Magid, who is the founder and managing member of YSG Solar which is solar plus storage developer, discuss current major news and insights on the US Solar and Storage Market. They are calling it the League which will be a weekly update of the major news in the Renewable Energy Industry.
In the first episode of the League, David and Benoy discuss the great opportunity with the Inflation Reduction Action(“IRA”), US community solar update, and the difference between developing solar on rooftops compared to land.
Benoy Thanjan
Benoy Thanjan is the Founder and CEO of Reneu Energy and he is also an advisor for several solar startup companies. He has extensive project origination, development, and financial experience in the renewable energy industry and in the environmental commodities market.
This includes initial site evaluation, permitting, financing, sourcing equipment, and negotiating the long-term energy and environmental commodities off-take agreements. He manages due diligence processes on land, permitting, and utility interconnection and is in charge of financing and structuring through Note to Proceed (“NTP”) to Commercial Operation Date (“COD”). Benoy composes teams suitable for all project development and construction tasks. He is also involved in project planning and pipeline financial modeling. He has been part of all sides of the transaction and this allows him to provide unique perspectives and value. Benoy has extensive experience in financial engineering to make solar projects profitable.
Before founding Reneu Energy, he was the Environmental Commodities 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 Tesla to move into the east coast markets.
Benoy was the Vice President at Vanguard Energy Partners which is a national solar installer where he focused on project finance solutions for commercial scale solar projects. He also worked for Ridgewood Renewable Power, a private equity fund, where he analyzed potential investments in renewable energy projects and worked on maximizing the financial return of the projects in the portfolio. Benoy also worked on the sale of all of the renewable energy projects in Ridgewood’s portfolio.
He was in the Energy Structured Finance practice for Deloitte & Touche and in Financial Advisory Services practice at Ernst & Young. 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. He has a MBA in Finance from Rutgers University and a BS in Finance and Economics from the Stern School of Business at New York University. Benoy was an Alumni Scholar at the Stern School of Business.
David Magid
David Magid is the founder and managing member at YSG Solar which is a solar plus storage developer primarily based in New York City. In 2018, Forbes recognized David’s leadership and listed him on the “30 under 30” list in the energy sector. YSG has executed power purchase agreements with clients such as the New York Military Academy, the New York Botanical Garden, The City of New York and many other local municipalities ,counties and towns.
David’s interviews on the Solar Maverick Podcast
https://podcasts.apple.com/us/podcast/smp-09-how-david-started-his-solar-company-with-david/id1441876259?i=1000426815949
Episode 114
https://solarmaverick.podbean.com/e/smp-114-solar-developer-provides-insights-on-what-us-states-are-good-markets-to-develop-solar/
Stay connected:
Benoy Thanjan
Website: www.reneuenergy.com
Email: info@reneuenergy.com
LinkedIn: Benoy Thanjan
Facebook: Reneu Energy
David Magid
Website: https://www.ysgsolar.com
Linkedin: https://www.linkedin.com/in/davidmagid/
Subscribe to our podcast + download each episode on iTunes, Podbean, YouTube, and most of the major podcast platforms.
This episode was produced and managed by Podcast Laundry.