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The urgent need to simplify clean energy finance [partner content]

The urgent need to simplify clean energy finance [partner content]

FromThe Carbon Copy


The urgent need to simplify clean energy finance [partner content]

FromThe Carbon Copy

ratings:
Length:
15 minutes
Released:
Mar 12, 2024
Format:
Podcast episode

Description

Early in her career, Amanda Li worked on many deals in solar and storage as part of a billion-dollar sustainable infrastructure fund. And she discovered a problem that often hinders deployment: the underwriting process is cumbersome and slow.
“All of it was in spreadsheets, word documents, emails. When you look at a solar deal, there's a lot of documentation, a lot of counterparties to deal with, and that information needs to be processed somehow. It felt like we were spending a lot of time just trying to process the information,” explained Li.
This problem has only grown over time as more distributed assets need financing, and policies like the Inflation Reduction Act support smaller clean energy projects at the community level. These small- to mid-sized projects often require as much diligence and paperwork as much larger deals.
So in 2018, Amanda co-founded Banyan Infrastructure, a software platform that simplifies transactions for a wide range of sustainable infrastructure projects – replacing spreadsheets, email, and PDFs with digitized loans and workflows.
The company has raised more than $42 million and works with green banks, Wall Street firms, and local lenders to make deals simpler. 
“If at every single layer there aren't standards, there aren't connected processes, it's going to move really slowly,” said Li.
In this episode, produced in partnership with Banyan Infrastructure, we explore the shifting world of sustainable finance. 
Stephen Lacey talks with Banyan COO Amanda Li about solving financial bottlenecks, how the IRA is bringing in new players to the market, and what it will take to unlock trillions of new dollars per year for the energy transition.
Banyan Infrastructure is simplifying and accelerating the financing of sustainable infrastructure. Read the company’s white paper on unlocking the full potential of sustainable finance, or request a demo to learn how the software works.
Released:
Mar 12, 2024
Format:
Podcast episode

Titles in the series (100)

Everything is a climate story. The Carbon Copy covers our shifting carbon-based economy, one news story at a time. Host Stephen Lacey covers climate change through the lens of business, technology, culture, and politics, to explain how the planet is transforming. The show is a co-production of Post Script Media and Canary Media.