This is not a traditional luncheon, but rather an opportunity to participate in a pretty historic celebration. Jigar Shah, founder of SunEdison (world's largest solar power services provider) will keynote Solar San Antonio's 10th anniversary and founder Bill Sinkin's 96th birthday. Mr. Sinkin was adamant that this event not be overrrun with corporate sponsors and that seats be reserved for individuals who are passionate about solar and renewable energy.
Please join fellow advocates, activist and socially/environmentally conscious neighbors for a celebratory luncheon in honor of the 10th anniversary of Solar San Antonio & Bill Sinkin’s 96th birthday
May 19, 2009
11:15 a.m. Registration
12:00 p.m. Luncheon & Program
The Historic Pearl Brewery
312 Pearl Parkway, San Antonio, Texas 78212
Individual Tickets: $96
Purchase tickets online at www.solarsanantonio.org
or R.S.V.P. by May 15 to 210.313.2445 or firstname.lastname@example.org
Essentially SunEdison installs the solar system and continues to own and maintain the system. The energy user pays a fixed fee over a long term for the energy consumed. Using the contracts to purchase energy as collateral, SunEdison attracts lenders, who also benefit from a package including city and state solar rebates, accelerated depreciation benefits, and a thirty percent Federal tax write-off.
The energy user benefits from a fixed energy price, savings in electricity cost over time, and reduction in carbon emissions.
This win-win combination brought SunEdison from a start-up company in 2003 to a company that operates 200 commercial installations with a total capacity of 60 megawatts.
Overall, from 2000 to 2007, worldwide investment in solar rose from $66 million to $12.4 billion. In the 2004-2007 period, United States investment rose from $215 million to $3.2 billion. With innovators like Mr. Shah, this level of investment will skyrocket over the next decade.
Mr. Shah left SunEdison to pursue new and innovative endeavors. He will share his experience at SunEdison and his newest ideas at the luncheon on May 19.
The online version of OnEarth's article of Jigar Shah can be found here: