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Wednesday, May 7, 2014
Solar Crowdfunding Promises Growth but Requires Careful Management | Clean Energy Finance Forum
Crowdfunding solar power allows companies to diversify and expand their capital sources but requires careful risk management, according to a panel called "Crowdfunding for Renewable Energy Projects: How Big Could It Be?" at the Bloomberg New Energy Finance Future of Energy Summit on April 8.
"I think it's going to explode," said Lee Bailey, managing director and co-managing partner at US Renewables Group. "Conventional areas of financing have proven difficult and expensive. The pools of capital have dried up significantly."