Press Release
Size of US Solar Market Set to Double as Industry Poised For Growing Investment in 2010
22 February 2010
With the American Recovery and Reinvestment Act firing up solar projects across the nation and Venture Capital spiking in the second half of 2009 with over $576 million invested in solar deals.
All signs point towards a time of relative prosperity for the solar investment climate.
However, the recession has meant not only that some projects, deals and technology poised to succeed in the peak of 2008 have tanked, but those that were in a position to get investment during the good times now have to contend with reduced equity availability and rigorous risk mitigation. Plus, whilst Stimulus money penned for the solar industry is flooding into the industry, questions are being asked about the feasibility of using government funds to finance renewable projects - leaving lenders worried about possible penalties for failed projects. In addition, the process of applying for funding continues to slow down and eat into the success rate.
It’s off the back of these challenges that New Solar Today have put together the 3rd Solar Energy Investment & Finance Summit USA (May 5-6, San Francisco). Following on from the immense success of the last event in November 2009, the summit will address the key issues facing developers and solar companies in getting finance including:
• Government Money and Subsidies: What you need to know about the various government requirements you have to meet to receive your stimulus funds
• Getting Your Hands on The Finance: An insightful update into the world of solar investment in 2010
• Real World Solar Secrets - Case studies from up and running projects in the US and around the globe on how they navigated the world of private and public solar finance
The 2010 event has a new and important emphasis on Case Studies from those who have done it, with examples of successful First Round Investment, Tax Equity Financing in partnership with a utility, and much more!
With top speaker representation from JPMorgan, Nord LB, US Bancorp, Credit Suisse, NREL, the US Department of Energy, US Department of the Treasury, SMUD, PG&E and many more, plus over 200 top level investors, developers, utilities and industry experts in attendance, this event is generating interest across the US and beyond.
For more information please see the website at www.newsolartoday.com/usafinance or contact Sara Lloyd-Jones on sara@newsolartoday.com or on US TF: 1800 814 3459
