Re:Legends Solar – Buy operating solar panels on commercial ...
by yepnopemaybe on Wednesday June 01, 2022 @12:02AM
(#31577924)
The exact legal and financial structuring is still in progress. We will likely use a structure similar to that used by Reg A+ crowdfunding platforms like Masterworks.io. In fact, I've been in regular contact with their GC to validate this. There are other structures we could use, as well.
Re:Legends Solar – Buy operating solar panels on commercial ...
by yepnopemaybe on Wednesday June 01, 2022 @12:04AM
(#31577933)
My plan is to keep things simple, to answer your other question. As little abstraction and structured securitization as possible. We want it to be as close to a one-for-one analogy for true direct equity ownership in an actual panel as we can make it.
I am very familiar with the Howey Test. From time to time, HN try to "hack" the Howey Test with various mental gymnastics, but always fail.
Real question: Could Legends Solar structure the investment like Cadence Real Estate? (Not a shill for them!) Cadence is basically mortgage-backed securities on multi-family properties for retail / mass affluent. They are operating for more than 10 years now. If their legal structure was not sound, I assume they would be enforced upon by SEC & friends.
I feel "direct green energy investment" for retail / mass affluent investors has huge untapped potential -- like 10s of billions of USD, maybe 100s. It makes me so frustrated that I cannot push ahead solar and wind projects with my own money. I want to transition power supply as fast as possible. Oh yeah, please add utility-sized battery installations to that list also. When I look at solar potential in India (see "Bhadla Solar Park"), it boggles my mind. There is SO much potential. Same for Middle East, North Africa, and Australia. All could use/export the electricity or convert water to hydrogen, then use/export.