EP 3 — Shor Power’s Adam Shor on Building Relationships in the Solar Industry

In this episode of The Future of CRE Sustainability, Sean chats with Adam Shor, Principal at Shor Power. They explore the evolving landscape of renewable energy financing, and Adam shares his insights on the critical role of relationships in the solar industry and how they can expedite project development. 

 

Adam dives into the complexities of tax equity financing, explaining how property owners can leverage tax credits to maximize their solar investments. Additionally, he highlights the growing need for talent in the renewable energy field and encourages newcomers to seek mentorship and educational resources. 

 

Topics discussed:

 

• The intricacies of tax equity financing and its importance for solar projects, emphasizing how it can enhance project viability and returns.
• The significance of establishing strong relationships within the solar industry and how they can facilitate smoother project development and financing processes.
• How property owners can assess their sites for solar projects, focusing on identifying the most accretive locations for investment.
• The nuances of various fund structures, including tax-advantaged options, and how they impact project financing and investor returns.
• The need to understand the unique risk profile each solar project comes with when seeking financing
• The importance of understanding the financing ecosystem, including the types of investors and lenders that align with project goals.
• The anticipated human capital constraints in the renewable energy sector, stressing the need for more skilled professionals in the field.
• Encouragement for newcomers to seek mentorship and educational resources, with emphasis on the value of learning from experienced professionals in the industry.
• The different partnership structures used to monetize tax benefits in solar projects, explaining how each structure optimizes for specific financial goals. 

 

Note: This podcast used to be titled "The Future of Commercial Real Estate." The name was adjusted in October 2024 to better reflect the focus on clean energy within the CRE sector.