SMP 245: Community Solar Slowdown & the Grid Power Act Explained

This is episode 37 of The League, hosts David Magid and Benoy Thanjan (aka The Solar Maverick) break down the biggest clean energy headlines of the week.

They discuss why community solar installations fell 36% in early 2025, how storage pairing and IRA incentives could reignite growth, and the impact of Abby Hopper’s departure from SEIA after nine years of leadership. David also unpacks the Grid Power Act and how new FERC mandates could finally ease the interconnection backlog. Tune in for clean energy briefing packed with sharp insights and industry updates.

 

Host Bio: Benoy Thanjan

Benoy Thanjan is the Founder and CEO of Reneu Energy, solar developer and consulting firm, and a strategic advisor to multiple cleantech startups. Over his career, Benoy has developed over 100 MWs of solar projects across the U.S., helped launch the first residential solar tax equity funds at Tesla, and brokered $45 million in Renewable Energy Credits (“REC”) transactions.

 

Prior to founding Reneu Energy, Benoy was the Environmental Commodities Trader in Tesla’s Project Finance Group, where he managed one of the largest environmental 

commodities portfolios. He originated REC trades and co-developed a monetization and hedging strategy with senior leadership to enter the East Coast market.

 

As Vice President at Vanguard Energy Partners, Benoy crafted project finance solutions for commercial-scale solar portfolios. His role at Ridgewood Renewable Power, a private equity fund with 125 MWs of U.S. renewable assets, involved evaluating investment opportunities and maximizing returns. He also played a key role in the sale of the firm’s renewable portfolio.

 

Earlier in his career, Benoy worked in Energy Structured Finance at Deloitte & Touche and Financial Advisory Services at Ernst & Young, following an internship on the trading floor at D.E. Shaw & Co., a multi billion dollar hedge fund.

Benoy holds an MBA in Finance from Rutgers University and a BS in Finance and Economics from NYU Stern, where he was an Alumni Scholar.

Connect with Benoy on LinkedIn: https://www.linkedin.com/in/benoythanjan/
Learn more: https://reneuenergy.com

 

Host Bio: David Magid

David Magid is a seasoned renewable energy executive with deep expertise in solar development, financing, and operations. He has worked across the clean energy value chain, leading teams that deliver distributed generation and community solar projects. David is widely recognized for his strategic insights on interconnection, market economics, and policy trends shaping the U.S. solar industry.

Connect with David on LinkedIn: https://www.linkedin.com/in/davidmagid/

 

If you have any questions or comments, you can email us at info@reneuenergy.com.