Jigar Shah is a clean energy entrepreneur creating market-driven solutions and eliminating market barriers to address climate change. Shah has recognized this as “Creating Climate Wealth.” Shah maintains that Climate Wealth is created when mainstream investors team up with entrepreneurs, corporations, mainstream capital, and governments at scale to solve the big problems of our time while generating compelling financial returns – not concessionary returns.
Shah is the co-founder and President of Generate Capital. https://www.generatecapital.com
Shah is author of Creating Climate Wealth: Unlocking the Impact Economy, 2013 Icosa Publishing. The book talks about the prominent role of business model innovation, more than new technology, in attracting mainstream capital and unlocking transformational change. In the book, the author pictures reaching our 2020 climate change goals as means to create the next economy with the equivalent of 100,000 companies worldwide, each generating $100 million in sales. Shah argues that, while new technical innovation is valuable, deployment of existing technologies are the key to reaching our near-term climate targets.
Shah serves as a board member of the Carbon War Room, a global organization he previously served as CEO.[
Shah has also become an outspoken advocate to end all energy subsidies, including those for renewable energy, to "create a level playing field.
From 2009 to March 2012, Shah served as the first CEO of the Carbon War Room, the global organization founded by Richard Branson and Virgin United that works to harness the power of entrepreneurship to deploy solution technologies at scale.
Prior to his tenure as Carbon War Room CEO, Shah founded SunEdison in 2003. The company simplified solar as a service through the implementation of the power purchase agreement (PPA) business model. That model changed the status quo, allowing organizations to purchase solar energy services under long-term predictably priced contracts and avoid the significant capital costs of ownership and operation of solar energy systems. The SunEdison business model is a recognized catalyst that helped turn solar PV into a multi-billion dollar industry worldwide.
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