Upcoming Event: Solar Project Financing Workshop 2011:An Inside Look at the Aerojet Project
February 24, 2011 8:30 - 10:00 a.m.
Computer History Museum
1401 N. Shoreline Avenue
Mountain View, CA
PRESENTERS:
- Steve Kircher, CEO, Solar Power, Inc., project developer
- Don Danh, Senior Vice President, East West Bank, a lender for the project
- Dirk Michels, Cleantech Practice Partner, K&L Gates, lender’s law firm
- Moderator - Fred Greguras, Cleantech Practice Partner, K&L Gates
SPONSORS: K&L Gates, East West Bank, and Solar Power, Inc.
This year will be a major growth year for solar implementation in the U.S. Why? As European feed-in tariffs are reduced, the U.S market will be a primary focus for global solar players. The extension of the successful Section 1603 cash grant program and the creation of 100% bonus depreciation for 2011 at the federal level will stimulate investments in renewable energy projects. The availability of state level incentives for solar financing is also increasing making financing more readily available for solar energy projects in 2011.
The panelists will discuss the financing of solar projects with these incentives at a practical, hands-on level using lessons learned in a real solar project by Solar Power, Inc. – the Aerojet project in Northern California. This large-scale PV solar system was built at an EPA brown field site and combines the implementation of solar for electricity generation with the reuse of a contaminated site.
What are the lessons learned in a real project? What are the pitfalls you want to avoid? How can these lessons help in securing financing and ensuring successful implementation of other solar projects?
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