Solar Maverick Podcast SMP 242: Inside Imperial Star’s U.S. Module Strategy
Episode Summary:
Chris Lettman of Imperial Star Solar, an American-made solar module manufacturer, joins Benoy on the Solar Maverick Podcast to unpack how projects truly qualify for the 10% domestic content adder, why U.S. cells and traceability drive eligibility, and what U.S. manufacturing looks like at Imperial Star’s Houston facility. They also discuss supply realities, Tier 1 vs. bankability, and practical insights for developers and EPCs when procuring panels.
Biographies
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.
Chris LettmanSales Manager
Chris serves as the Sales Manager of the US office at Imperial Star with a primary focus on Utility Scale and C&I clients. He started his solar energy career in 2009 selling turnkey systems to residential and mid-size commercial properties. Since that time, he has been involved in the development, acquisition and construction of numerous large utility scale and commercial scale solar projects throughout the United States. Chris has extensive experience and knowledge in the areas of project development, project finance and equipment sales.
Prior to starting his career in the solar industry, Chris was a marketing manager for a publicly held pharmaceutical company in the United States.
He is a U.S. Marine Corps veteran and served in Southwest Asia during Operation Desert Shield/Desert Storm. He holds an MBA in Business from the University of Redlands California and currently lives in Southern California.
Stay Connected:
Benoy Thanjan
Email: info@reneuenergy.com
LinkedIn: Benoy Thanjan
Website: https://www.reneuenergy.com
Linkedin: https://www.linkedin.com/in/chrislettman/
Website: https://www.imperialstar.com/