Jigar Shah, a guest on past shows, is a true international leader on financing a clean energy economy. This article directly hits out sweet spot on the business side of green. Seed money, capital, proper tax credits, good financing, readily available financing to developers is key...on every continent. This reaffirms what happens when that money flows. Growth in local, clean energy, ,jobs, better technology, more control to communities and rate payers.
LINK FOR FULL STORY: https://www.linkedin.com/pulse/cleancapital-generate-capital-partnership-brings-300-million-shah
In 2009, the US Government made it attractive for real estate and other investors to invest in renewable energy projects through the 1603 Grant Program. The 1603 grant program did not increase the total spending on subsidies, but instead democratized the program to make the tax credits available to private taxpayers in the form of grants.This in turn allowed thousands of young companies access to much needed capital for their projects. There are over 105,000 projects that took advantage of this program. Many of these real estate investors have received solid returns since 2009 and are looking to sell their assets. The challenge is that projects under $10 million are generally too small for institutions to bother. Clean Capital has a put in place a platform to process these deals cost effectively.