24 Jun '14, 1pm

Challenges to Financing Renewable Energy Projects on US Military Sites

Challenges to Financing Renewable Energy Projects on US Military Sites

In the interests of full disclosure, my firm is a strong supporter of utility-scale solar and provides services to clients in this sector; however, this particular issue is one that needs to be more fully explored for its policy implications. One problem centers on the duration of the federal procurement processes. DOD clean energy projects take longer to develop and finance than private sector projects. Growing solar companies in a white hot market find the duration of these negotiations tough to endure in an incredibly competitive sector. Yet, regulated utilities can outwait private competitors by drawing on deep cash reserves, resulting in uncompetitive, expensive power bills for U.S. taxpayers. A second problem with allowing regulated utilities to build, own and operate federal solar facilities is increased federal dependence on state-run public utilities. If a base co...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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