New York-based Mercatus Inc., a developer of solar energy investment tools, has adopted the Solar Access to Public Capital (SAPC) Working Group standard contract documents for both residential and commercial solar.
‘The SAPC public-private initiative provides the credibility and gravitas necessary to drive the establishment of standards needed to accelerate securitization and other financing options necessary to bring residential and commercial solar investment to the next level of scale,’ says Haresh Patel, CEO of Mercatus. ‘We saw a similar initiative in the semiconductor industry called Sematech in the late 1980s and early 1990s that helped ignite the U.S. semiconductor market. We feel SAPC will have a similar impact on the solar industry.’
The U.S. National Renewable Energy Laboratory convened the SAPC working group in 2013 to promote the securitization of solar photovoltaic assets and associated cash flows in the marketplace.
In an effort to advance the availability of capital and financing options for the solar and other distributed energy technologies, which now includes solar securitization, Mercatus says it will also support the Solar Energy Finance Association in their efforts to advance the availability of capital and financing options for the solar and renewable energy industries.