SELECT * FROM conferences_ny WHERE nom_CR_conf='DG_Business_Models_Third_Party_Ownership'

Distributed Generation (DG) Business Models: Third Party Ownership

Monday, November 19th, 2012, 9:30am- 12:30pm ET/ Streamed Panel Discussion: 7:00am - 9:00am PT / 10:00am - 12:00pm ET / 16:00 - 18:00 (Paris-Frankfurt)

Meeting in New York

 

 

 

Location: 10 Rockefeller Plaza, 16th Floor, New York, NY 10020

 

Between the California Solar Initiative (CSI) launch in 2007 and 2011, solar installations in the state grew at an average annual rate of 38.2%1. Its incentives spawned a shift toward third party financing, revolutionizing and galvanizing the residential rooftop market. This can be seen in figures reported by GTM Research that show third party ownership of residential PV systems growing from a 13% share in 2009 to 41% in 2011, making it the fastest growing segment in the residential market. This shift toward third party ownership also correlates heavily with an uptick in the number of median income households installing solar, another testament to its growing appeal.

 

Many, such as Jonathan Bass from SolarCity and Nat Kreamer from Clean Power Finance, respectively tout the versatility of the ownership model as well as the sizeable benefits to both the installer and home-owners. Third party financing provides month to month energy savings to the homeowner while removing the upfront costs and maintenance risks. Meanwhile, third party owners see, as a result of the Investment Tax Credit (ITC), up to “45% of their capital outlay come back as tax benefit in the first year of the loan” and returns ranging from “the high single digits to the mid-teens” according to Kraemer of Clean Power Finance.

 

This increasingly popular model, however, can be hampered by legislative uncertainty and high soft costs. The third party ownership PPA model is active in the following states: California, Colorado, Michigan, Nevada, New Jersey, New Mexico, Oregon and Virginia according to NREL. Fortunately, there is legislation that supports third party financing through solar leases in many of the remaining states. Still, according to a report by NREL2 “third-party electricity sales face regulatory and legislative challenges pertain[ing] to whether third-party owners are deemed to act as monopoly utilities, competitive service suppliers (competitive suppliers), or both depending on the degree of retail electricity market deregulation.” In terms of soft costs, the complexity of “roof owner/system financier contract legalities represents one of the biggest market barriers to third party ownership of residential rooftop systems.

 

Major developers and institutional lenders are still bullish however. Lynn Jurich, president of SunRun said recently that residential solar was “at the tip of the iceberg in terms of growth…as costs continue to drop and more homeowners realize they can go solar without high upfront payments, adoption will scale exponentially”.

 

In this meeting, experts will weigh in on innovation in the third party financing space, its applications in non-residential sectors, and ways of eliminating uncertainties and barriers to entry.

 

  • How will the plummeting module prices affect the balance between cash-owned and third party owned installations?
  • What are the biggest risks associated with third party ownership of PV?
  • How effective has third party ownership been in C&I markets?
  • What is the optimal size for a third party owned system (residential vs. commercial)?
  • How can securitization enhance third party ownership models?

 

 

1Calculated using data from Figure 1 of California Solar Initiative Annual Program Assessment, June 2012

2 Katharine Kollins, Bethany Speer, Karlynn Cory, ‘Solar PV Project Financing: Regulatory and Legislative Challenges for Third-Party PPA System Owners’, February 2010

 

Speakers:

Ram Akella, Centrosolar, President

 

Madeleine M.L. Tan, Kaye Scholer, LLP, Partner, Structured Finance and Co-Head of Energy Group

 

Alison Kling, Sustainable CUNY | NYC Solar America City Initiative, Solar Coordinator

Eli Katz, Chadbourne & Parke, LLP, Partner

David Angel, KeyBanc Capital Markets, Managing Director

Event Announcement 

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Attendees list
89 people will attend this meeting, among them
Will attend in person Via streaming
M.J. Beck Consulting
Senior Associate
Sourcing-Direct
Managing Director
The Sallan Foundation
Executive Director
Edison Electric Institute
Director Regulatory Legal Affairs
University of Arizona Renewa
Research Assistant
Tecta Solar
Senior Developer and Project Counsel
Bryant Park Capital
Managing Director
Clean Energy Finance & Inves
CIO
Geo Investors
Advisory Board Member
Sungevity
Finance Operations Specialist
Green Charge Networks
CFO
Energy Policy Consulting
Senior Associate
Asia Cleantech Gateway
General Manager, North America
Booz Allen Hamilton
Senior Renewable Energy Project Finance Advisor
SoCore Energy
VP Finance
ADP
Responsable optimisation énergétique
octus energy
president
Northeast Utilities
Manager, Emerging Technologies
Greenpeace International
Senior IT Analyst
The Green Economy, Inc
Managing Editor
SMUD
Principle Demand Side Specialist
Carbon War Room
Senior Associate
SunWize Technologies
CFO
Encap Renewables LLC
Managing Director
MPSC
Economist
MBA/MIA 2015, Columbia Unive
International Energy Management and Policy
Natural Systems Utilities, L
Vice President
EmPower Solar
Commercial Acct Mgr
Solis Partners, Inc.
Production Manager
UC Berkeley
Coordinator - Berkeley Rural Energy Group
Lightway Solar America
Director, U.S. Market Strategy
Energistics LLC
Managing Director
AECOM
Project Engineer
Sorrento Solar Farm, LLC
Managing Director
Couch White, LLP
Attorney
Ewing Bemiss & Co.
Associate
Navigant
Senior Consultant
Cupertino Electric
Business Development Manager
Vermont Energy Investment Co
Program Coordinator
Samba Energy
Managing Director
Samba Energy
Managing Director
Stem
Financial Products Manager
NREL
Research analyst
BofAML
Alternative Energy Analyst
Reznick Capital Markets
Associate, Investment Banking
IPPsolar
Partner
power analytics
director
GEA
Director of Sustainable Services
Aeris Communications
Director of Sales
The Green Economy, Inc.
Publisher
Barrett Capital Corporation
Managing Director
Total - Gas & Power
Scientific intelligence manager
CLF Ventures, Inc.
Project Specialist
City of Boston Environment D
Energy Efficiency and Renewable Energy Finance Mgr.
Junto Consulting Group
Director of Sustianability Initiatives
Con Edison
DG Specialist
SLA
S. Mgr
Chadbourne
Associate
Cornell University
Graduate Student
BJM Solar Energy Capital
Principal
Energime Energy Efficiency
Advisor
EnerNex
Principal Consultant
UVSQ
Professeur
National Energy Cost Service
VP
Black & Veatch
Principal, Management Consulting
Bloom Energy
VP Process and Quality Engineering
5 Lakes Energy, LLC
Principal
Tecta Solar a division of Te
VP Business Development
Philips Research
Member Research Staff
P.W. Grosser Consulting
Senior Project Manager
Adamas
Managing Partner
Fulcrum Solar
General Counsel and Director of Business Development
Township of Montclair, NJ
Sustainability Officer
Hydrovolts
Director
Lightway Solar America
Sr. Director, US Sales
Bayern AG
Advisor to the U.S. Department of Energy
Sharp Labs of America
Sr. Strategic Business Development Manager
PwC
Associate
Coalition for Green Capital
Officer
CT Department of Energy and
Utilities Examiner 2
Kaye Scholer
Partner, Structured Finance; Co-Head, Energy Group
Entera Invest
Principal
Con Edison
Engineer
Skystream Markets
Auctions and Market Development
TTC
Program Coordinator
Lighthouse Solar
Managing Director
10EQS
CEO
Water Defense
Program Director
Sustainable Development Capi
Business Development
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Speakers
Ram Akella
Centrosolar America
President
Madeleine Tan
Kaye Scholer LLP
Partner
Alison Kling
CUNY
NYC Solar Coordinator
Eli Katz
Chadbourne & Parke
partner
David Angel
Key Equipment Finance
Director