Energy Project See Solar as Easier Than Wind

“The solar comes a bit easier,” said multinational energy giant Macquarie Group’s (NYSE:MIC)
Managing Director Thomas Houle at the Texas Renewable Energy Industry Association (TREIA) Renewable Energy Finance Forum. “But it does present unique challenges. One is land rights and producing a clean title.”

In markets where developers are unfamiliar with commercial and utility-scale solar, he said, “there can be a view that issues like mineral rights will sort themselves out. But when you get to financing, there is nothing more important than having a clean title and good title insurance.”.

With a wind project, it is less crucial, he said, “because you are not covering the vast majority of the land area with equipment. You’re only using 2 percent to 5 percent of your land area for all the roads and foundations and the rest.”

Source: Green Tech Media

Labels: Solar Energy, wind energy

posted by GM at 9:07 AM