Solar costs down 70% and is now ‘the cheapest electricity in history’.

April 23, 2022
Posted in CIG News
April 23, 2022 Charles Carey

Charles D. Carey, Managing Partner at CIG Capital, Speaks on the Funding the Entire Capital Stack in Forbes

Solar has become more than a need to decline global climate battles. It’s now a necessity for the capital markets as a proving asset. It has become:

  • Reliable. Fitch Rating Agency reported in 2020 the solar as reliable and has ‘over performed’ compared to original projects. Solar has become the number one renewable resource.
  • Low Cost. Solar has seen one of the most drastic changes in the last 10 years. For development and technology to fall 70% shows a sustainable and stable model.
  • New Asset Class. With real estate being the cornerstone of our economy’s infrastructure. It’s crucial to add reliable, stable and diverse new asset classes. Solar has become a new asset class and allowing for new investments

Charles Carey, the Co-Founder of CIG Companies (Carey International Group) discusses the the ‘new capital stack’ for solar development.