Projects that can actually be built —Jeff Glavan of MP2 Capital

Representing a San Francisco venture capital firm, MP2 Capital, Jeff Glavan said he’s looking for medium to large scale projects that can actually get built, with partners in each geographic market, since development is very local.

MP2 also does projects with municipalities that can’t take tax credits because they are tax exempt. MP2 funds instead.

It’s not just all about large systems…. There’s a market for 1 to 5 megawatt systems.

The three things they look at are credit, commercial terms, and economic terms. Commercial terms are what hold up most projects. MP2 likes to be involved in negotiating a Power Purchase Agreement (PPA) to avoid terms like host may need to repair roof which could involve removing the solar system for some undefined amount of time.

MP2 is actively looking for solar partners.

-jsq