innovative financing for renewable energy n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Innovative Financing for Renewable Energy PowerPoint Presentation
Download Presentation
Innovative Financing for Renewable Energy

Loading in 2 Seconds...

play fullscreen
1 / 13

Innovative Financing for Renewable Energy - PowerPoint PPT Presentation


  • 146 Views
  • Uploaded on

Innovative Financing for Renewable Energy . Richard Ottinger & John Bowie Pace Law School Pace Energy and Climate Center IUCNAEL 2014 Colloquium. Background. Divided mechanisms into three groups: Off-grid or underdeveloped infrastructure Community-scale grids National grids.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

Innovative Financing for Renewable Energy


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
    Presentation Transcript
    1. Innovative Financing for Renewable Energy Richard Ottinger & John Bowie Pace Law School Pace Energy and Climate Center IUCNAEL 2014 Colloquium

    2. Background • Divided mechanisms into three groups: • Off-grid or underdeveloped infrastructure • Community-scale grids • National grids

    3. Selected Mechanisms • On-bill Finance Mechanisms • Microgrids • Internet Mechanisms • Yieldcos

    4. On-Bill Finance 1 • What is On-bill finance? • Third party (non-financial institution) provides finance for the initial high capital cost of an energy asset. • Uses an existing bill collection as a mechanism to collect payment for a renewable energy or energy efficiency asset. • In practice, this may be a utility bill or a property tax surcharge.

    5. On-Bill Finance 2 • On-Bill Finance – Utility-financed project installs a renewable energy or energy efficiency asset, and adds a recurring charge on the customer’s monthly bill. The monthly rate is designed to use the savings created by use of the energy asset to pay the loan. • Property Tax Assessed Clean Energy – State-financed project provides funding for renewable energy or energy efficiency assets.

    6. Microgrids • Community Microgrids present a unique opportunity for renewable energy systems. • Local projects benefit from community stakeholders in billing, enhanced economic opportunities, and benefits in biomass reuse.

    7. Internet Mechanisms • Prepaid Meters • Peer-to-Peer Finance • Crowdfunding • Peer-to-Peer (“P2P”) Finance

    8. Prepaid Meters • Prepaid meters function like other prepaid services such as prepaid cellular phones. • Customers text message a prepaid code to the billing company, which then credits the meter for a specified amount of power. • The meter company distributes payment to the specific electricity provider, while retaining a small service fee.

    9. Lumeter Networks • Lumeter Networks provide prepaid meters and cloud accounting for renewable energy installations. • An energy company can install a solar panel in a remote or off grid setting, and then recover bill payments through Lumeter’s wireless prepaid billing.

    10. P2P & Crowdfunding • Peer-to-peer (P2P) funding and crowdfunding allow a potential borrower to post their proposed project on the internet, where one or more people may then act as lenders. • Atypical lenders • Small scale loans • Favorable rates • Ethical lending

    11. Yieldcos • “Yield Companies” or “Yieldcos” • Yieldcos package long term profits from renewable energy assets into tradable securities. • Enables the Yieldco to quickly raise capital, which can then be used to purchase developers’ renewable energy assets. • Renewable end-game?

    12. Conclusions • Many more mechanism are currently being deployed to speed investment in renewable energy. • Functioning private sector financing solutions are essential to the long-term health of renewable energy. • Innovative to Conventional Thank you