A Government/Industry Collaboration
Project finance is an effective financing tool for long-term infrastructure industry projects, and is used extensively to fund solar installations. The U.S. solar industry continues to experience booming growth with a 97% increase in the Photovoltaic (PV) market 2016 over 2015; and 260,000 American jobs in solar today. Complex project finance programs involve multiple parties such as developers, investors, utilities, and contractors, with a tremendous amount of information changing hands, that must be tracked over multi-year contracts that can run from 20 to 25 years in length.
The vast amount of data involved can lead to great inefficiency, unnecessary data processing costs, reduced timeliness and inaccuracies. These issues have led the U.S. Department of Energy, in collaboration with the solar and investment industry, to support an effort to use data standards to bring down the soft costs of financing through a program called Orange Button.
Watch the replay of this webinar to find out what Orange Button is and how the solar industry is working with the XBRL standard to drive down costs and reduce the burden on businesses and financial institutions in renewable energy projects. Learn about the pain points of solar financing and how standards can help resolve them.
- Daniel Boff, Analyst – Sunshot Initiative, U.S. Department of Energy
- Mark Goodhand, Head of Research, CoreFiling
- Christopher Mills, Technical Consultant, CoreFiling
- Jonathan Previtali, Vice President, Environmental Finance Group, Wells Fargo
- Tom Tansy, Chairman, Sunspec Alliance
- Campbell Pryde, President and CEO, XBRL US
- Michelle Savage, Vice President, Communication, XBRL US