Seller’s market for solar energy projects

If you think buying a home in this red-hot market is a challenge, try investing in solar energy development. Why it matters: Major funders from private equity to major asset managers are offering outsize premiums, unleashing unprecedented competition for solar energy projects. “There’s so much competition for projects that they’re getting snapped up at earlier stages — which may have been considered too risky a few years ago,” Marlene Motyka, U.S. renewable energy leader for Deloitte, tells Axios.What’s happening: Industry insiders say the huge influx of capital into climate tech has forced investors and development platforms to put more on the table, exposing developers to greater risk. At a recent solar and wind energy conference, instead of the usual untucked button-downs and flannel, “I was elbowing my way through a sea of blue blazers,” says Anthony Sibilia, who leads the…

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