Smart infrastructure was the original topic on this blog. Smart grids, smart water, you name it! I'd like to come back to this topic with a fresh new angle. Financing. Aligning bottom line results with environmental change has always been a hurdle for clean technology solutions to achieve mainstream adoption. When you face a challenge, it is better to turn it into an opportunity. That is a trait of many entrepreneurs.
Project financing turned out to be a key innovation in the success of commercial and residential solar installations. I will meet Jigar Shah at the local energy symposium tomorrow. He invented the concept of Power Purchase Agreement (PPA) when he was at SunEdison. It had a profound impact on the growth of the solar industry Last year, California approved Prop 39 and the $1B in loan financing has spurred not only the greening but also the modernization of schools and university campuses. Energy efficiency is becoming a way to modernize old infrastructure: schools, farms, etc.