On June 13, the Solar Energy Industry Association (SEIA) hosted a webinar featuring two Sol Systems team members: Vice President and CFO, George Ashton, and Renewables Trader Amber Rivera. George and Amber spoke alongside Scott Wiater of Standard Solar and Mike Judge from the Massachusetts DOER. The webinar, which was moderated by SEIA Senior Vice President of State Affairs Carrie Hitt, focused on how Solar Renewable Energy Credit (SREC) market conditions and legislation affect solar project development in Maryland, Massachusetts, and the District of Columbia. In case you missed it, here are the highlights.
George and Amber began by discussing the historical dynamics, current SREC prices, and future prospects for the each of the Maryland, Massachusetts, and District of Columbia SREC markets. Our SREC prices are also available to the public.
Michael Judge, the Associate RPS Program Manager at the Massachusetts Department of Energy Resources, explained the format of the Massachusetts RPS and SREC market, including the Clearinghouse mechanism. In addition, he reviewed the emergency regulations that have been proposed as the 400 MW program application period comes to a close, as well as the tentative outline for the ”SREC II” program. An in-depth discussion of the recent developments in the Massachusetts solar market can be found at our past blog on the subject.
Scott Wiater, President of Standard Solar, then closed the discussion by commenting on the impact of SREC prices and market dynamics on distributed solar project development, and how developers factor SREC prices into their project economics.
About Sol Systems
Sol Systems is a boutique financial services firm that offers investor clients direct access to the renewable energy asset class and provides developers with sophisticated project financing solutions. Founded in 2008, Sol Systems focuses on meeting the most critical needs of the industry, including SREC monetization, capital placement, tax equity, and New Market Tax Credits. To date, the company has arranged financing for thousands of projects and facilitated hundreds of millions in investment on behalf of Fortune 100 companies, private equity, family offices and individuals.
For more information, please visit www.solsystemscompany.com