Solar photovoltaic costs have sharply reduced over the past decade, enabling their widespread penetration. Benjamin Cook (Stanford GSB '01) will provide an overview of past and current solar photovoltaic (PV) system economics and discuss how financing has been used to facilitate US solar PV adoption.
Mr. Cook has over 20 years of experience in solar development and financing, during which he has financed over ten thousand commercial and residential solar systems collectively worth over $5 billion. He formed NextPower Capital in 2016 to provide financing solutions and platforms for distributed energy project developers. Prior to NextPower Capital, Mr. Cook was a Vice President in the Structured Finance & Global Markets groups at SolarCity. He was instrumental in building SolarCity's project and structured financing capabilities for the company, which has raised capital to support over $9 billion of solar projects. Prior to SolarCity, Mr. Cook led the finance group at Recurrent Energy, a distributed utility-scale solar project developer, and with SunPower, where he was director of structured finance and business development. Earlier in his career, Mr. Cook developed and financed projects for Bechtel Enterprises, the project finance and project development group of the Bechtel construction group. He also started and ran SELCO, a solar power developer, financier, and operator focused on emerging markets. Mr. Cook holds an MBA from the Stanford Graduate School of Business and graduated with honors in economics and physics from the University of Virginia. Mr. Cook holds Series 7, 63, and 79 securities licenses, and serves as an advisor to the Novogradac Journal of Tax Credits.