Episode Summary

In this episode of the Solar Maverick Podcast, Benoy speaks with David Magid who is Managing Member and Founder of YSG Solar which is a solar developer based in New York City with a solar pipeline in excess of 100MWs. David speaks about many interesting topics like how to develop a good solar project, what are great markets in the US to develop solar, and how the grid should compensate energy storage.

Benoy Thanjan

Benoy Thanjan is the Founder and CEO of Reneu Energy, as well as an advisor for several solar startup companies. Reneu Energy is a premier international solar energy consulting firm and developer, and the company focuses on developing commercial and industrial solar, as well as utility-scale solar plus storage projects. The company also sources financing for solar projects and hedges both energy and environmental commodities.

Benoy received his first experience in Finance as an intern at D.E. Shaw & Co., which is a global investment firm with 37 billion dollars in investment capital. Before founding Reneu Energy, he was the SREC Trader in the Project Finance Group for SolarCity, which merged with Tesla in 2016. He originated SREC trades with buyers and co-developed their SREC monetization and hedging strategy with the senior management of SolarCity, to move into the east coast markets. Benoy also worked at Vanguard Energy Partners, Ridgewood Renewable Power, and Deloitte & Touche.

David Magid

David Magid is the managing member at YSG Solar which is a solar developer based in NYC. In 2018, Forbes recognized David’s leadership and listed him the “30 under 30” list in the energy sector. David has been involved with Community Solar development since 2015, with over 20 MW Residential Community Solar of executed projects and a 250 MW pipeline of utility and DG solar projects. YSG has executed power purchase agreements with clients such as the New York Military Academy, the New York Botanical Garden , The City of New York and many other local municipalities ,counties and towns.