Radian Generation is very thankful this holiday season!

On the Eve of Thanksgiving, we at Radian Generation want to express our gratitude.

If you’ve been following our progress here at RadianGEN, then you’re likely aware that 2014 has been an active, eventful and exciting year for us.

In the spirit of the season, we wanted to share some of the things for which we’re feeling especially thankful:

-We are thankful for our customers.  In 2014, we’ve been hired to manage and optimize over 140MW worth of solar PV assets covering over 60 sites.  Working with our stellar roster of customers, we act as the owners’ advocates, deploying best practices in operations and management (O&M) strategies.  We’ve identified new opportunities with our customers to improve system performance for both utility and commercial projects.  These productive partnerships not only enable our clients to realize maximum return on investment, but they also free them up to focus on building their project pipelines.

-We’re thankful for our growing team, which has doubled in size over the last 12 months.  We’re now a company of eight solar professionals located both in San Francisco and on the East Coast, in addition to our valuable support staff at Quietstream.  It’s exciting to add new team members to service our growing customer base.

-We’re thankful for our RadianGEN investors, led by Quietstream Financial and their family of companies.  We’re incredibly grateful for their unwavering support.  Quietstream’s backing, supported by Summit Partners, has helped propel our robust growth, enabling us to extend our geographic reach and customer base.  Quietstream has also experienced strong growth this year, reaching over 100 employees at offices in California, Florida, Massachusetts and North Carolina.  Quietstream provides RadianGEN with tremendous strategic and operational support, as well as capital, so we can help even more solar developers and investors accomplish their objectives.

We’re thankful for the increasingly rapid rate of solar deployment in the U.S.  Currently there are approximately 16GWs of solar photovoltaics deployed across the United States (more than double the cumulative deployment of 7.7GW in 2012).

It’s anticipated that solar installations will grow to 20GW (+ 2.1 GW of CSP) by the end of 2016.  We find it incredibly heartening to see the world’s cleanest energy resource secure a significant foothold in our nation’s energy portfolio.

We’re thankful for the growing recognition by the solar industry and investment community that proactive asset management / O&M are critical to successful projects.

As we travel the globe and convene with colleagues at conferences and trade shows, we’re pleased to see the growing emphasis on robust asset management.   Solar power system owners and operators increasingly realize that as our industry matures, they have an obligation to manage significant capital assets efficiently and responsibly.  Asset management is a marathon, not a sprint, and it requires incremental improvement.  We’re heartened –and grateful– for our industry’s acknowledgement that thoughtful asset management is crucial to the long term success of the solar industry.

-Finally, we’re thankful for the amazing support of our family and friends as we build out the company.  Without the help, energy, and patience of these amazing people, we could not make RadianGEN the success it’s becoming.

We hope you all enjoy the upcoming holidays and celebrate the time with your friends, colleagues, and most importantly, your family.  There is much to be thankful for.  Happy Holidays.

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Chad Sachs is CEO of Radian Generation, a leading independent solar asset management and advisory firm. Since 2005, Mr. Sachs has raised over $1.1 billion of permanent financing (tax equity and permanent debt) for solar projects in operation (165MW). He was a co-founder of Renewable Ventures (RV), a pioneering solar developer and financier that was acquired by MMA Financial.Mr. Sachs has led and managed the structured finance teams as a senior executive at some of the industry’s top solar power producers: RV, MMA Renewable Ventures, Fotowatio Renewable Ventures and SunEdison.He has raised over $320MM of capital for over 42MW of commercial solar projects, which involved four separate funds with investors such as Wells Fargo, John Hancock, Citibank and Allstate. He successfully divested several utility scale plants, raising over $470MM.Prior to RV, Mr. Sachs worked at JPMorgan Partners, the private equity arm of JPMorgan Chase, where he focused on growth equities and LBOs, and as a financial analyst for Credit Suisse First Boston. Mr. Sachs holds a M.B.A. from the Stanford Graduate School of Business and a B.S. in International Economics from Georgetown University, School of Foreign Service.

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