In an exclusive interview with Energías Renovables, Pancho Pérez, General Manager for SunEdison in Europe and MENA, discusses his company's strategy in the solar market.
SunEdison recently created a joint venture (commercial agreement) with First Reserve Corporation, the main aim of which is "to turn solar power from a small business into a major energy source". Pérez believes a combination of two factors is needed to achieve this: a company with great development potential such as SunEdison, and an infrastructure investor such as First Reserve, which is a leader in energy finance (the fund manages $20,000 million dollars in assets, many in energy).
"Until now, solar energy has only been rolled out through small projects, each of which has been handled on a stand-alone basis, including the procurement of project finance. We understand that solar PV is already at that point where it really can compete with conventional energy sources and attract funding that supports its growth," says Pérez. "This alliance will allow us to execute all the projects we have in the pipeline in the US, Italy, Spain and Canada more quickly."
Pérez believes that, "the market has to "transition" away from small developers that have been trying to make money towards large companies that can actually achieve technological progress", warning that "the sector must become more professional".
To read the interview with Pancho Pérez, click here:
Interview with Pancho Pérez, General Manager for SunEdison in Europe and MENA
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