SEIA and SEFA create joint council to push for more tax equity and securitizations

Written By: Stratton Report
January 3, 2017

SEIA

On January 3, the Solar Energy Industries Association announced that it was joining forces with the Solar Energy Finance Association to support wide-scale, low-cost solar deployment through better access to investment capital.

The associations will create the Solar Energy Finance Advisory Council with the goals of expanding the supply of tax equity from banks, corporations and other potential investors; promoting asset-backed securitizations; reducing tension points in debt and tax equity which can often complicate solar project finance; and communicating the technical and financial performance record of solar projects to improve understanding and confidence among investors.

Tom Kimbis, interim president of SEIA noted:

“We are excited to combine with SEFA for the good of the solar industry. Solar projects represent a high-quality source of long-term cash flows, making them great investment opportunities. Through this finance advisory council, we aim to lower the cost of capital and make solar even more cost-effective for residential, business and utility customers.”

Mary Rottman, president of SEFA observed: “This is an important strategic move for us. Backed by the staff and resources from SEIA, we are very optimistic that we will achieve our mission of reducing the cost of capital and furthering growth in the solar industry.”

Mike Mendelsohn, SEIA’s Sr. Director of Project Finance & Capital Markets. Finance Advisory Council will be the point of contact for the Finance Advisory Council.