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NREL’s Securitization Activities

NREL’s Securitization Activities. February 12 , 2013 Mike Mendelsohn, NREL. Securitization to expand availability of capital. Conducted roundtables , investigating public financing mechanisms 3 year, $3M+ funding award from DOE to advance securitization

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NREL’s Securitization Activities

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  1. NREL’s Securitization Activities February 12, 2013 Mike Mendelsohn, NREL
  2. Securitization to expand availability of capital Conducted roundtables, investigating public financing mechanisms 3 year, $3M+ funding award from DOE to advance securitization Lead and convene industry working groups Securitization analysis Data collection Solar Access to Public Capital (SAPC) created to standardize contracts, development process NREL will act as facilitator, analyst, and organizer Download: http://www.nrel.gov/docs/fy12osti/55021.pdf
  3. SAPC Working Group – Goals & Description Goal: Expand availability and lower the cost of solar through ubiquitous financing enabled by access to public capital: Asset-backed Securities (ABS) Real Estate Investment Trusts (REITs) Master Limited Partnerships (MLPs) Other debt products How: By standardizing various aspects of the project development process in order to: Lower risk perception and due diligence requirements Pool projects across the market & enable scale economies
  4. Value: Expand the availability of capital Source: The CityUK
  5. Current SAPC Participating Organizations
  6. SAPC Progress Timeline Contracts: Data:
  7. Data requirements Credit rating agencies and potential investors need to get comfortable with the asset class: Component and system performance Payment (default) performance O&M requirements Extended duration of data would add significant value
  8. Thank you Mike Mendelsohn michael.mendelsohn@nrel.gov 303-218-0456
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