Suncast

655: How do you Finance Solar Project Development? Insight from Encore Renewable Energy’s Blake Sturcke

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Sinopsis

How do you fund a solar project?  What about the business operations costs necessary to get the project going to begin with?What structures can you consider, and HOW do you choose the one that’s right for you?We’re pulling back the veil so you don’t have to wander in the darkness here. The business of developing solar power projects is complex, time-consuming, and capital intensive. And for the last decade, hundreds of entrepreneurs have endeavored to apply their creative efforts and work ethic towards solving both the development of the solar projects (not dissimilar to other land-based development deals tbh) and the financing of them.  The latter has proven the more arduous to accomplish as the solar industry had to earn its keep in the world of high finance and prove that the product and its cashflow was durable and risk-mitigated. Unsurprisingly, those who have fared the best are those professionals who were already working in finance in some way, and were able to turn their