Customer access to clean energy has increased dramatically in the past 15 years, as technology cost reductions, electricity market deregulation, and financial creativity have combined to produce more accessible renewable products for end-users. The most recent product class is the offsite solar PPA, a category that OneEnergy pioneered with our Purpose-Built SolarTM product. This product represents the fourth major way that large electricity buyers can access the benefits of renewables. It’s the most flexible and satisfying yet, and appeals to a broad range of end-users, from universities to corporations, from manufacturers to municipalities and other government agencies.
With the cost of utility-scale solar power approaching grid parity in many parts of the United States, a key barrier to growth is cheap, easy access to capital. Yieldcos are poised to play a significant role in this growth over the coming years.