The current system of financing renewable energy projects is broken and inadequate, especially when compared to the framework for participating in oil and gas ventures. The solution lies in borrowing accepted energy business practices and adapting them to solar and wind energy projects. This Article focuses on the current issues facing renewable energy project financing in the United States, analyzes failed attempts to stimulate growth, and presents the securitization of renewable energy assets as a solution. Drawing on current legal structure and debates from the corporate sphere, this Article also discusses specific securitization techniques that can help to democratize and grow investment in renewable energy projects.
Andrew C. Fink, Securitize Me: Stimulating Renewable Energy Financing by Embracing the Capital Markets, 12 U.N.H. L. REV. 109 (2014), available at http://scholars.unh.edu/unh_lr/vol12/iss1/7