Mercatus just released its North America Solar Trend Report for the first half of 2014. It’s worth paying attention to, as it highlights some interesting industry trends. For those new to Mercatus, the company started in 2009 with the express goal of creating a software platform that would provide more transparency to investors. The idea, according to CEO Haresh Patel was to close “a massive gap between capital markets and developers building projects. They weren’t finding each other, or speaking the same language.” As a result, there were significant inefficiencies that needed to be addressed.
Mercatus has come a long way since 2009, and now serves 60% of the U.S. commercial and utility-scale solar market, including some of the biggest developers, investors, utilities and independent power producers. To date, the company has assessed 22,000 megawatts of projects, with a software-as-a-service platform offering that is an “all-in-one solution for energy investors to screen, diligence, and manage a portfolio of projects, and a platform for developers and asset owners to solicit projects and portfolios to investors and the capital markets.”