SMP 190: Tom Weirich Discusses His Book About The Original Risk Takers in Renewable Energy

In this episode of the Solar Maverick Podcast, I had the pleasure of speaking with Tom Weirich, the Head of Marketing & Stakeholder Relations - North America at EDP Renewables North America. Tom is also the author of the insightful book "We Took the Risk: The Stories Behind the Early Risk Takers in the U.S. Renewable Energy Industry and the Leadership Traits that Made Them a Success." During our discussion, Tom delves into the essence of his book, sheds light on current trends in the industry, and offers valuable insights for those aspiring to build a career in renewable energy.

 

Benoy Thanjan

Benoy Thanjan is the Founder and CEO of Reneu Energy and he is also an advisor for several solar startup companies.  He has extensive project origination, development, and financial experience in the renewable energy industry and in the environmental commodities market.  

This includes initial site evaluation, permitting, financing, sourcing equipment, and negotiating the long-term energy and environmental commodities off-take agreements. He manages due diligence processes on land, permitting, and utility interconnection and is in charge of financing
and structuring through Note to Proceed (“NTP”) to Commercial Operation Date (“COD”). Benoy composes teams suitable for all project development and construction tasks. He is also involved in project planning and pipeline financial modeling. He has been part of all sides of the
transaction and this allows him to provide unique perspectives and value. Benoy has extensive experience in financial engineering to make solar projects profitable.

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 was the Vice President at Vanguard Energy Partners which is a national solar installer where he focused on project finance solutions for commercial scale solar projects.  He also worked for Ridgewood Renewable Power, a private equity fund, where he analyzed potential investments in renewable energy projects and worked on maximizing the financial return of the projects in the portfolio.  Benoy also worked on the sale of all of the renewable energy projects in Ridgewood’s portfolio.  

He was in the Energy Structured Finance practice for Deloitte & Touche and in Financial Advisory Services practice at Ernst & Young.  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. He has a MBA in Finance from Rutgers University and a BS in Finance and Economics from the Stern School of Business at New York University.  Benoy was an Alumni Scholar at the Stern School of Business.  

 

 

Tom Weirich

Tom Weirich is a key facilitator that has connected pivotal players in the global renewable energy industry for over eighteen years, working with teams that have closed 300+ renewable energy transactions across a variety of technologies. Throughout his renewables journey, it’s been the stories of how colleagues got their start in renewables that continues to inspire and empower him in his daily work.

As an award-winning marketing leader in the energy sector, he’s a frequent industry panel moderator, speaker and OpEd contributor, focusing on innovation, entrepreneurship and market opportunities surrounding the US’ clean energy transition. Weirich’s passion for renewables extends beyond the confines of his day job, with countless hours spent promoting philanthropic efforts focused on technology innovation, career mentoring, workforce development and STEM education.

 

Professional Experience

Weirich previously worked with two key clean energy investment banking advisory firms based in New York as Director of Marketing at Rubicon Capital Advisors and Director of Marketing & Business Development at CohnReznick Capital. Prior to that, Tom was Senior Vice President of Corporate Relations and interim Chief Operating Officer at the American Council On Renewable Energy (ACORE) in Washington, D.C., where he managed and oversaw corporate relations and public affairs for 12 years working with key global developers, financiers and power generators.

 

Weirich served under the Obama Administration twice in honorary roles, advising both the Secretary of Commerce and the U.S. Trade Representative on renewable energy trade and manufacturing policies. He has been acknowledged for his contributions to the solar industry by Renewable Energy World as part of its inaugural “Top 40 under 40 in Solar”, and has been listed five years in a row on kWh Analytics’ #Solar100 List, which recognizes key solar energy thought leaders in the United States. Weirich is a previous Emerging Leaders in Energy & Environment Program Fellow with the Atlantic Council, as well as the previous Chairperson for North America for the Word Council on Renewable Energy (WCRE).

He serves as an Advisor to The Cleanie Awards, which recognizes innovators and those making an impact in clean energy, and is a Fellow with Humanity in Action (HIA), an international non-profit that educates and connects young leaders on issues related to human and minority rights.

 

Stay Connected:

Benoy Thanjan

Email: info@reneuenergy.com 

LinkedIn: Benoy Thanjan

Website: https://www.reneuenergy.com

 

Tom Weirich

Linkedin:  https://www.linkedin.com/in/tomweirich/

Book’s Website:  https://wetooktherisk.com