#522: CEA Targets $800M of Solar Investment With New Partners

Never miss another interview! Join Devin here: http://bit.ly/joindevin. Subscribe to this podcast on iTunes by clicking here: http://bit.ly/ymotwitunes or on Stitcher by clicking here: http://bit.ly/ymotwstitcher. Read the full Your Mark on the World article and watch the interview here: http://bit.ly/2o3l3Gf. ------------------ Clean Energy Advisors announced a major new financing that will take the firm from having invested about $140 million in solar energy projects to about $800 million. CEA President Scott Hill also notes that building on this success, the firm will establish a foundation to fund more charitable initiatives. (Watch or listen to my discussion with Scott using the players above.)Scott explains that the unnamed financing partners, two "multinational families," have committed about $350 million. Combined with additional debt financing, the firm anticipates reaching $800 million in financed projects, "completing the pipeline of projects in North Carolina." He anticipates that deploying the capital will take 18 to 24 months. Scott explains that the unnamed financing partners, two "multinational families," have committed about $350 million. Combined with additional debt financing, the firm anticipates reaching $800 million in financed projects, "completing the pipeline of projects in North Carolina." He anticipates that deploying the capital will take 18 to 24 months. He notes that the cost of installation for small utility scale projects is about $1.50 or $1.60 per watt, yielding a cost of about $1.5 million per megawatt. The new financing should allow CEA to install another 400 MW in North Carolina. He also notes that the scale they are achieving should allow the firm to look beyond their traditional structure where Duke Energy is the primary "off-taker" or buyer of the energy from the projects financed. ------------------ Read the full Your Mark on the World article and watch the interview here: http://bit.ly/2o3l3Gfb. Need a corporate social responsibility speaker? Learn more about Devin Thorpe at http://corporatesocialresponsibilityspeaker.com.