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The mission of the Your Mark on the World Center is to solve the world's biggest problems before 2045 by identifying and championing the work of experts who have created credible plans and programs to end them once and for all.

Crowdfunding for Social Good
Devin D. Thorpe
Devin Thorpe

CEA Targets $800M of Solar Investment With New Partners

Clean Energy Advisors is a sponsor of the Your Mark on the World Center.


Clean Energy Advisors announced a major new financing that will take the firm from having invested about $140 million in solar energy projects to about $800 million. CEA President Scott Hill also notes that building on this success, the firm will establish a foundation to fund more charitable initiatives. (Watch or listen to my discussion with Scott using the players above.)Scott explains that the unnamed financing partners, two “multinational families,” have committed about $350 million. Combined with additional debt financing, the firm anticipates reaching $800 million in financed projects, “completing the pipeline of projects in North Carolina.” He anticipates that deploying the capital will take 18 to 24 months.

Scott explains that the unnamed financing partners, two “multinational families,” have committed about $350 million. Combined with additional debt financing, the firm anticipates reaching $800 million in financed projects, “completing the pipeline of projects in North Carolina.” He anticipates that deploying the capital will take 18 to 24 months.

He notes that the cost of installation for small utility scale projects is about $1.50 or $1.60 per watt, yielding a cost of about $1.5 million per megawatt. The new financing should allow CEA to install another 400 MW in North Carolina. He also notes that the scale they are achieving should allow the firm to look beyond their traditional structure where Duke Energy is the primary “off-taker” or buyer of the energy from the projects financed.

The new scale also creates an opportunity for CEO to increase its philanthropic efforts. Scott says the firm has started the process of creating a foundation that will fund charitable work. Last year, the firm backed nonprofits Reverb and Headcount to build support for environmental causes at 25 concerts across the country. Scott says they’ll be doing that again. “People who attend concerts have a natural affinity for nonprofits.”

Scott also hopes that the firm can use the foundation to fund solar projects in the developing world like putting solar panels on schools that don’t have access to the grid. He says the firm will donate its time to manage projects that the foundation funds and hopes donors will help them make a big impact.

The acceleration of the solar industry is creating a bright future for the world, both in the developing world and here in the developed world.

Scott Hill, courtesy of Clean Energy Advisors

Scott Hill, courtesy of Clean Energy Advisors

More about Clean Energy Advisors:

Twitter: @cleanenergyadv

Clean Energy Advisors (CEA) creates ownership opportunities for investors in utility scale solar energy projects that generate tax-advantaged predictable income, preserve capital, and have positive social and environmental impact.

Scott’s bio:

Twitter: @williamandhill

Scott Hill has over twenty years of entrepreneurial experience including a significant perspective on business start-ups and building successful small businesses. Mr. Hill has been with CEA since April 2014.

His duties include overseeing the firms family office, endowment, foundation, and UHNW client strategies. He has served as a panelist at US based family office conferences and enjoys speaking on impact investing, renewable energy opportunities, and the future of Solar PV worldwide.

Scott is a 1991 graduate of Columbia University and four year member of the football program. He lives near Nashville, TN with his wife and children. He’s also actively involved in his community and church.

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Devin is a journalist, author and corporate social responsibility speaker who calls himself a champion of social good. With a goal to help solve some of the world’s biggest problems by 2045, he focuses on telling the stories of those who are leading the way! Learn more at DevinThorpe.com!

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