Renewable Backed Securities: Funding for Solar Projects

Wednesday, August 1st, 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)



The Markle Foundation at 10 Rockefeller Plaza, 16th Floor New York, NY 10020

Time Schedule:

9:30am-10:00am: Networking Breakfast

10:00am-11:30am: Discussion and Q&A

11:30am-12:00pm: Networking and Roundtable Close



Given the accelerating growth of the solar market and the uncertainty regarding tax grant policies, the current financing landscape of solar-lease agreements and PPA’s may not be adequate. A new report by Standard & Poor’s1, points to securitization as a viable financing tool that may accommodate the projected increase in the rate of installations. Securitization offers diversification and greater access to cheaper capital, but comes with risks outlined by the authors of the report as coming from a lack of data regarding offtaker default rates, utility rates and recovery prices among other risks. In this meeting, we look at the issue of securitization of solar contracts from the developer, ratings agency and financier perspectives. 


Andrew J. Giudici, Jeong-A Kim, Brian Yagoda, ‘Will Securitization Help Fuel the U.S. Solar Industry?’, 2012



Alfred Griffin, Citigroup, Director

Michael Mittleman

Michael Mittleman, MJM Consulting, Founder 

Howard Altarescu

Howard Altarescu, Orrick, Herrington & Sutcliffe, LLP, Partner

Jeong-A Kim, Standard & Poor's, Director

Mary Rottman, Rottman-Associates, Principal and Founder (Moderator)




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