Mondial Energy Inc. was founded in 2004 as a financial intermediary. Mondial’s role is to contract with the building owner to sell them renewable energy over a long term contract period, concentrating initially on solar thermal energy. Mondial then purchases a system from a design – build supplier to be installed on the customer’s roof. Mondial’s role is to provide the contracting and financing only, concentrating on projects that generate return on investment to satisfy commercial capital rates of return. Mondial then accesses financial markets for investors interested in renewable energy assets with predictable rates of return.
One significant key to the business model is scalability; provided a renewable energy system can meet investment hurdles, the system’s value is only typically limited by the project’s ability to use the energy. Thus an entire portfolio of buildings, or a solar thermal power plant, fit the model as well as a single building installation.
