✅ Quick pivot after a nerve-wracking capital raise led to success in the solar energy industry.
✅ Community solar projects provide renewable energy to local communities, democratizing access to solar power.
✅ Political alignment and favorable legislation contribute to the growth of the solar sector.
✅ Opportunities lie in developing more projects, especially in community solar, and expanding into different states.
✅ Stefano Ratti emphasizes the importance of finding investors who align with your values and have a shared vision.
✅ Overcoming obstacles and building trust with investors is crucial for long-term success.
In this episode 129 of "Failing to Success", Chad interviews Stefano Ratti, founder of Chaberton Energy, a solar energy development company. Stefano shares the nerve-wracking experience of raising capital and the subsequent need for a quick pivot in their business strategy. Despite initial setbacks, Chaberton Energy successfully adapted and found opportunities in the solar industry.
The company focuses on community solar projects, providing renewable energy to local communities. Stefano explains the concept of community solar, where subscribers benefit from off-site solar installations. This approach enables individuals without suitable roofs or upfront capital to access solar energy, fostering inclusivity and democratizing renewable power.
Stefano emphasizes the favorable political alignment and legislative frameworks that support the solar sector's growth. While each state may have unique challenges and opportunities, community solar projects are gaining momentum across the country. Chaberton Energy has expanded to 11 states, including Maryland, Delaware, Virginia, Pennsylvania, Ohio, New Mexico, California, and Oregon.
The conversation delves into the company's involvement in project origination, permitting, interconnection, design, engineering, financing, and construction. Stefano shares the significance of community solar in improving the electrical distribution system, connecting directly with customers, and benefiting low to moderate-income subscribers. The industry's trendiness and alignment with environmental concerns have contributed to its overall success.
Reflecting on the experience of raising capital, Stefano highlights the importance of finding investors who share the company's values and long-term vision. Despite the initial risks and uncertainties, building trust and maintaining a strong relationship with Green Backer, their investor, has proven beneficial.
Timestamps:
00:00:00 Intro
00:00:17 Raising Capital
00:01:46 Pivoting
00:04:38 Solar Sector Opportunities
00:08:32 The Benefits of Raising Capital
00:10:41 Contact Stefano
