Are You GREEN Enough?
I am moderating a panel at the upcoming Crittenden Commercial Real Estate Conference and I need panelists… are you GREEN enough for it?
I recently ran across this quote and it changed my life:
“You put yourself out on a board. A lot of waves come in, but only about one wave in ten is a big motherin’ wave that will give you a great ride. That’s the only wave I want to catch.”
– Billionaire Terry Matthews of March Networks
As I surveyed the wreckage of the commercial real estate landscape where I’d spent the last 26 years of my career I doubted that hacking loans to real estate speculators was the “next great wave”. As I thought more deeply about the image of the “big motherin’ wave” one thought that kept flooding into my mind… the multi-trillion dollar GREEN WAVE sweeping through the energy and real estate industries. Over the next 30 years nearly EVERY electric plant put in place before 1990 will need to be replaced.
Over the last two years I’ve redirected my energy and intellectual curiosity to finding a way to make money in the multi-trillion dollar greening of the world’s energy supply. Over the last 6 months I’ve “cracked the code” by aligning myself with providers of debt and equity capital to the renewable energy world. I found a source of capital that is building a fleet of power production facilities via joint venture relationships with local “boots on the ground” project developers. Our investor is seeking “shovel ready” with all permits/interconnect agreements/PPAs in place. They will buy the project or provide 100% funding to the joint venture with very attractive compensation to the project developer capable of taking the pre-development risk. We are working on solar, wind, geothermal, hydro, hybrid, waste-to-energy projects worldwide. It is the coolest thing I have ever done in my career. I can look my 3 young daughters in the eye and tell them that I am doing my part to make our planet a better place for them and their children.
This brings me to the panel discussion. Catching The Multi-Trillion Dollar Green Wave will be presented at The Crittenden Commercial Real Estate Finance Conference September 18-20, 2011 in South Beach (Miami), FL.
Bullet Points for discussion:
- Green is the new Red, White & Blue
- Out of the box ideas for real estate investors, developers and brokers
- Trillions of dollars MUST be invested over the next 30 years to replace nearly every power generating facility worldwide that has been put in place after 1990 – Why? And how?
- Opportunities to make money by building or retrofitting existing buildings to LEED standards
The panel will run one hour. I will be moderating the panel and discussing opportunities to adapt the real estate developer’s skill set into renewable energy. Transportation fuels like oil & gas get all the ink in the press, but the elephant in the room no one is talking about is how much energy is WASTED in buildings. Buildings (residential, commercial & industrial) use nearly 70% of all the energy that runs through our global infrastructure. Need panelist(s) prepared to talk about building/retrofitting to LEED standards.
Do you have a story to tell about your shift to GREEN? If so please drop me a note and share with me why you would make a GREAT panelist.