Securitize Me: Stimulating Renewable Energy Financing by Embracing the Capital Markets

The current system of financing renewable energy projects is broken and inadequate, especially when compared to the framework for participating in oil and gas ventures. The solution lies in borrowing accepted energy business practices and adapting them to solar and wind energy projects. This Article focuses on the current issues facing renewable energy project financing in the United States, analyzes failed attempts to stimulate growth, and presents the securitization of renewable energy assets as a solution. Drawing on current legal structure and debates from the corporate sphere, this Article also discusses specific securitization techniques that can help to democratize and grow investment in renewable energy projects

On arithmetic and asymptotic properties of up-down numbers

Let $\sigma=(\sigma_1,..., \sigma_N)$, where $\sigma_i =\pm 1$, and let $C(\sigma)$ denote the number of permutations $\pi$ of $1,2,..., N+1,$ whose up-down signature $\mathrm{sign}(\pi(i+1)-\pi(i))=\sigma_i$, for $i=1,...,N$. We prove that the set of all up-down numbers $C(\sigma)$ can be expressed by a single universal polynomial $\Phi$, whose coefficients are products of numbers from the Taylor series of the hyperbolic tangent function. We prove that $\Phi$ is a modified exponential, and deduce some remarkable congruence properties for the set of all numbers $C(\sigma)$, for fixed $N$. We prove a concise upper-bound for $C(\sigma)$, which describes the asymptotic behaviour of the up-down function $C(\sigma)$ in the limit $C(\sigma) \ll (N+1)!$.Comment: Recommended for publication in Discrete Mathematics subject to revision

Development of digital computer program for thermal network correction. Phase 2 - Program development. Phase 3 - Demonstration/application Final report

Developing digital computer program for correcting soft parameters of thermal network by Kalman filtering metho

Retrieving time-dependent Green's functions in optics with low-coherence interferometry

We report on the passive measurement of time-dependent Green's functions in the optical frequency domain with low-coherence interferometry. Inspired by previous studies in acoustics and seismology, we show how the correlations of a broadband and incoherent wave-field can directly yield the Green's functions between scatterers of a complex medium. Both the ballistic and multiple scattering components of the Green's function are retrieved. This approach opens important perspectives for optical imaging and characterization in complex scattering media.Comment: 5 pages, 4 figure

ROSAT monitoring of persistent giant and rapid variability in the narrow-line Seyfert 1 galaxy IRAS 13224-3809

We report evidence for persistent giant and rapid X-ray variability in the radio-quiet, ultrasoft, strong Fe II, narrow-line Seyfert 1 galaxy IRAS 13224-3809. Within a 30 day ROSAT High Resolution Imager (HRI) monitoring observation at least five giant amplitude count rate variations are visible, with the maximum observed amplitude of variability being about a factor of 60. We detect a rise by a factor of about 57 in just two days. IRAS 13224-3809 appears to be the most X-ray variable Seyfert known, and its variability is probably nonlinear. We carefully check the identification of the highly variable X-ray source with the distant galaxy, and it appears to be secure. We examine possible explanations for the giant variability. Unusually strong relativistic effects and partial covering by occulting structures on an accretion disc can provide plausible explanations of the X-ray data, and we explore these two scenarios. Relativistic boosting effects may be relevant to understanding the strong X-ray variability of some steep spectrum Seyferts more generally.Comment: 14 pages, submitted to MNRA