truSolar recently announced the formation of the truSolar Accreditation Body and adoption of the Solar Access to Public Capital (SAPC) commercial documents. truSolar is integrating the SAPC commercial PPA terms with its Risk Screen and Criteria Methodology (RSCM), and will score deviations from these standard terms against BETA testing of projects during Q2.
truSolar has been collaborating with SAPC since its formation in 2013. Convened by the U.S. Department of Energy’s (DOE) National Renewable Energy Laboratory (NREL), SAPC aims to accelerate the securitization of solar assets and cash flows as secondary markets begin to play a material and positive role in the industry.
“Launching the Accreditation Body is well-harmonized with the efforts of SAPC,” says NREL Senior Financial Analyst Michael Mendelsohn. “truSolar will provide a robust, independent risk assessment methodology open to broad industry participation consistent with SAPC.”
Mendelsohn believes the Accreditation Body can play a valuable role in standardizing C&I project risk analysis and lowering associated due diligence and financing costs.
The Rocky Mountain Institute, with support from market-leading businesses throughout the solar industry value-chain, is leading formation of the Accreditation Body in 2014. The national body will be an independent non-profit organization committed to wide-spread adoption of uniform, accessible and affordable risk scoring standards and rating criteria for non-residential solar projects.