Published on May 26th, 2015 | by Guest Contributor0
Free Book: How To Choose The Best Solar System & Financing Offer For You
May 26th, 2015 by Guest Contributor
By Michał Bacia
There is nothing more important for our lifestyle, for our quality of living, than energy. With enough energy, we can fulfill all of our basic needs; provide enough fresh water, and produce enough food. We can manufacture enough goods to fulfill any and all other needs. Interestingly, nothing has a greater impact on the prosperity of nations and individuals than energy.
Throughout the 20th century, the energy industry was centralized, monopolized, strictly controlled, and regulated. It was a ‘strategic’ industry, both politically and financially. Capital expenditures were huge, so the financing of energy infrastructures required government support. Thus, the flow of cash was also centralized, monopolized, and strictly controlled.
Currently, we are seeing the old systems and solutions becoming obsolete. It has happened with information technology, telecommunications, and the media, for example. Centralized structures, like mass media corporations or telecom monopolies, are losing ground to newcomers such as internet start-ups and mobile operators.
I’ve witnessed (and still am witnessing) the same process in the energy business. After graduating university, my first job was in a huge global energy corporation, the Public Service Enterprise Group (“PSEG”). I was part of the local team in Poland managing PSEG’s power plant. Even though it was a 210MW, $300 million project, it was still one of the smallest projects in the company’s portfolio. It was a coal-fueled power plant delivering energy to the national energy grid, because back then no one took solar seriously. Distributed generation was regarded as “an interesting novelty but too expensive.”
Recent developments in solar PV technology have made it extremely cost competitive with other generation technologies. The situation in the financial markets after 2008, combined with fuel prices and supply issues, drew financiers’ attention to distributed generation and renewable energy, where project risks are lower and are usually spread over a portfolio of smaller projects.
This book is based on 9 years of experience in project finance and project management. Therefore, the focus here is on finance; on the money that solar can generate. The process of introducing decentralized, renewable energy (solar rooftop in particular), will influence everyone who consumes energy. Because of this, the perspective of my book is for individuals and the financial decisions they make regarding their homes, businesses and investments. My book will help you, the consumer, understand the process from a financial perspective so that you can make decisions beneficial for yourself and your finances.
I appreciate your interest in solar and distributed generation. I wish you great success on your way to energy independence and abundance.
Malta, December 2013
The above is an excerpt from Solar Energy Book 1. The book is now available for free!
Solar Energy Book 1: How to choose the best solar system and financing offer for you is a book that explains solar from the perspective of an everyday user. It is a step-by-step guide showing people how solar is beneficial for them.
Solar energy is no longer about saving the planet or the environment. It is now a very personal business and involves anyone who uses electricity.
The book walks readers through how to obtain the best solar solution on the market. It’s a good read, interesting, not too long, and full of real-life examples.
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