As part of its goal to spur investment and financial innovation, the Solar Energy Industries Association (SEIA) has launched the SEIA Finance Initiative.
Rhone Resch, president and CEO of SEIA, said: "The solar industry has set its own, independent goal of facilitating wide-scale investment from an array of low-cost sources of capital. We believe this effort will culminate in greater manufacturing and deployment opportunities for solar technologies, and will be a boon for solar customers.”
The SEIA Finance Initiative was designed to help allow investment and allotting of funds into liquid securities that will be investable by large-scale capital managers such as pension funds.
The Finance Initiative will also go about removing roadblocks and pushing solar adoption for stakeholders that could benefit from PV energy.
SEIA’s new endeavor will focus on three specific areas — collaborating with potential sources of investment such as capital markets and asset managers, opening commercial markets, including multi-tenant retailers, as well as creating financial innovations designed to leverage credit enhancement and pool sector funds for low-cost debt investment by pension funds and other capital managers.
Participation in the initiative will be available to open to both SEIA members and nonmembers — with meetings scheduled for once per month through conferences calls and twice per year in person.