Despite more capital coming into the solar industry than ever before, healthy unit economics, rising utility rates, and even declining equipment costs, equity and debt instruments are trading at distressed levels, with working capital increasingly scarce. What's causing this disconnect, and how can the industry recover?
John Berger, Founder and CEO of Sunnova, is a veteran in the energy market with over two decades of experience. His company is one of the largest solar installation companies in the world, so it’s safe to say he has a privileged view from inside the industry. In today’s conversation, Berger discusses the pressures facing the solar industry, including regulatory hurdles, rising interest rates, and the perpetual whipsaw of the capital markets. He sheds light on how Sunnova is navigating these headwinds, as well as his thoughts on the path forward for the solar revolution.
John spoke with Nico about:
This conversation answers a lot of questions about the current state of solar in capital markets, so hit play!
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CPS July 2024 V2