With the notable exception of Intersolar North America, it’s surprisingly rare for a major solar conference to be held here in San Francisco. So when Solarplaza extended an invitation for us to speak at its 2nd annual Solar Asset Management conference here in the city, we leapt at the opportunity.
This past week, our CEO Richard Matsui joined 6,000 structured finance professionals in Las Vegas to discuss the latest trends in asset backed securities. He spoke on a panel entitled “Solar ABS Panel: Understanding Market Potential” that included Danny Abajian (Director of Structured Finance, Sunrun), Andrew Giudici (Senior Director, Kroll Bond Ratings Agency), and Manish Kapoor (Managing Principal, West Wheelock Capital). It was exciting to see a packed, standing room-only session of more than a hundred professionals on what is usually a slow Tuesday afternoon.
Now that 2014 has come to an end and we’ve seen a preview of what 2015 has in store, we felt it was the right time to put together our projections for the year. We look forward to picking this back up in 2016 and seeing how many of these actually materialized over the course of the year.
This past Wednesday (10/9), 30 leaders from the solar industry descended upon Washington to attend an invite-only meeting convened by the White House on “Increasing Capital Flows into the Solar Market.” It was a fascinating conversation, led by the President’s Counselor, John Podesta. Out of respect for the intimate nature of the dialogue, we won’t attribute statements to individuals, although we are glad to share some overall observations.
We followed with great interest this week as SolarCity unveiled their MyPower residential loan product. Many articles have already covered some of the unique aspects of the loan, including that it is available to customers with a 680+ FICO and comes with a 30-year warranty, production guarantee, and monitoring service package. While we don’t yet know the particulars of exactly how the loan is structured, we think the structure raises a few interesting topics. We discuss below those elements that we have not yet seen covered by other articles. In particular, we think the loan highlights a central thesis held by our firm: the likelihood of customer payment in any solar financial product is a function of both credit risk and technical risk.
kWh Analytics CEO Richard Matsui is honored to be joining other solar industry leaders at the White House at an invite-only discussion about the future of the industry on October 8, 2014.
kWh Analytics CEO Richard Matsui joined 3,000 structured finance professionals in Miami to discuss the nascent solar asset class. With the continuation of the low interest rate environment, the investment community was eager to learn about this new investment opportunity–but were also equally wary of the risks inherent in this new frontier.
In May 2014, the SunShot Initiative held a peer review to receive unbiased expertise from industry, government agencies, nonprofit organizations, utilities, and consultants on the performance of the SunShot Initiative. These findings were summarized in a comprehensive 350 page report, entitled the “2014 Peer Review Report” (link here).
The State of Hawaii’s Energy Excelerator Program, a state-supported incubator funded in part by the U.S. Department of Energy and Office of Naval Research, announced today that kWh Analytics has been accepted as one of only 17 companies to their 2015 cohort.