Solar Maverick Podcast SMP 186: Concentro: Innovative Platform for Clean Energy Tax Credits
In this episode of the Solar Maverick Podcast, host Benoy chats with Iñigo Rengifo Melia and Tao Mantaras from Concentro, a platform specializing in distributed generation clean energy tax credits. Iñigo and Tao explore the opportunities presented by the new transferability rules introduced under the Inflation Reduction Act. They also share insights on how the new presidential administration could influence clean energy tax credits and offer valuable advice for aspiring entrepreneurs.
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.
Iñigo Rengifo Melia
Inigo is the Co-founder & CEO of Concentro. Before Concentro, he spent three years as a consultant at McKinsey, focusing on new business building and clean energy projects. Prior to that, he was the first employee at Neboola, a startup studio, where he was part of the founding team of two startups: Loopas and Bonofit. Inigo holds an MBA from Harvard Business School and both a Bachelor’s and Master’s degree in Electromechanical Engineering.
Tao Mantaras
Tao is the Co-founder & COO of Concentro. Before Concentro, he co-founded BibliU, a venture-backed EdTech company that enables universities to access digital learning materials. Earlier in his career, he was a consultant in the energy sector and also gained experience in investment banking. Tao holds an MBA from Harvard Business School and a dual Bachelor's degree in Science and Commerce.
Stay Connected:
Benoy Thanjan
Email: info@reneuenergy.com
LinkedIn: Benoy Thanjan
Website: https://www.reneuenergy.com
Iñigo Rengifo Melia
Email: inigo@concentro.io
Linkedin: https://www.linkedin.com/in/inigo-rengifo-melia/
Website: https://www.concentro.io/
Tao Mantaras
Email: tao@concentro.io
Linkedin: https://www.linkedin.com/in/taomantaras/
Website: https://www.concentro.io/
Concentro NPM Press Release
Concentro ready to enable USD 300m in tax credit transfers; focus on DG markethttps://newprojectmedia.com/news/concentro-ready-to-enable-usd-300m-in-tax-credit-transfers-focus-on-dg-market
Join Reneu Energy, Positive Deviancy, Concentro, and the Solar Maverick Podcast for the Winter Solstice Fundraiser
Celebrate the holidays with us at the Winter Solstice Fundraiser, hosted by Reneu Energy, Positive Deviancy, Concentro,, and the Solar Maverick Podcast. This special evening will take place on Wednesday, December 4th, from 6 PM to 10 PM at Hudson Hall in Jersey City, NJ. We'll also be raising funds for the Let's Share the Sun Foundation, which aids impoverished communities in harnessing solar energy.
Event Highlights:
- Venue: Hudson Hall, a Czech biergarten and smokehouse co-owned by Benoy, CEO of Reneu Energy.
- Time: 6 PM to 10 PM, with an open bar from 6 PM to 8 PM and delicious food throughout the evening.
- Tickets: Early Bird Pricing of $65 per person. The pricing would be $75 starting on 11/27. You can RSVP using the link provided below.
Partnership with Grand Stand Sports & Memorabilia: We're excited to partner with Grand Stand Sports & Memorabilia, who will be offering sports memorabilia and experiences for sale. A portion of the proceeds will benefit the Let's Share the Sun Foundation.
Sponsorship Opportunities: If you're interested in sponsoring this event and helping make a difference, please contact us at info@reneuenergy.com.
https://www.tickettailor.com/events/reneuenergy/1448299