60 seconds with Glen Davis, Agile Energy


Source: FCBI Energy

New Solar Today Press Release April 14 2010 Ahead of the 3rd Solar Energy Investment & Finance Summit (May 5-6 in San Francisco), New Solar Today catches up with Glen Davis from Agile Energy, who will be sharing his expertise on the session ‘Overcoming Common Stumbling Blocks – Effective Planning for Financeable Projects’. For more information please see www.newsolartoday.com/usafinance New Solar Today: Hi Glen! To kick off… Do you see the finance market easing up significantly in the next few months and what are your company’s plans and aims? Our view is that there is no current shortage of project capital. There is plenty of project debt, sponsor equity and even tax equity available for projects. However, the cost of that money remains relatively high, while the risk appetite of investors and lenders has diminished. As a result, projects that may have gotten financed prior to 2008 are now unable to close their deals under current conditions. Our view is that conditions (price and risk appetite) have already started to ease and will continue to do so throughout 2010, but they will stop short of the conditions prevailing during 2006-07. New Solar Today: How did you and your company decide on a certain method of financing and why? Agile Energy recently secured an investment of operating capital from Good Energies, Inc. However, given the status of our project pipeline, we are unlikely to be securing project finance until 2011 New Solar Today: Please provide a brief testimonial for the conference based on what the delegates can expect to learn from your contribution New Solar Today’s conference are always fabulous for keeping up with the latest activity and thinking in solar, reconnecting with colleagues across the industry, and for making new connections among utilities, financiers, developers and service providers. I fully expect the 2010 Solar Investment & Finance Summit USA will be their best one to date. I hope to contribute by stimulating discussion, in more detail than usually occurs at conferences, of the various hurdles any solar project must overcome in order to secure project financing. The 3rd Solar Energy Investment & Finance Summit is taking place on May 5-6 in San Francisco For more information on these events please contact the Event Director, Sara Lloyd-Jones on sara@newsolartoday.com or +44 207 375 7153

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