Today, Conergy, one of the largest downstream solar companies operating globally, announces a strategic move into selective asset ownership with a new regional leadership team to execute the company’s plan to become a solar independent power producer (IPP) starting in the Americas.
"This is a strategic move that will build on Conergy's key strengths in the Americas and seventeen years of solar experience globally," said Andrew de Pass, CEO of Conergy. “We’ve put the right team in place with a quarter century of relevant experience to execute on the plan.”
Conergy specializes in the development, finance, construction and long-term maintenance of rooftop and ground mount solar. Operating in sixteen countries, Conergy has built over a GW of solar and is contracted for over 500 MW of Operations and Maintenance (O&M).
The first projects Conergy has taken under direct ownership are a portfolio of five ground mount projects in North Carolina, totaling 28 MW. Conergy completed construction of these five installations in September and will sell the electricity to Duke Energy under a 15-year PPA.
Yann Brandt will take the leadership role of Region Head of The Americas. Formerly Head of Global Marketing & PR at Conergy, Yann will now take development and operations responsibility for Conergy in North America, Central America, the Caribbean and South America. Yann has over a decade of solar experience. Yann is also the founder and managing editor of SolarWakeup, a daily newsletter that thousands of solar industry professionals have been reading since 2012.
“I’m excited to lead Conergy across the Americas at a time when the markets are strong. Conergy brings access to capital, flexibility, and an outstanding development team with outside-of-the-box thinking,” said Brandt. “We are well under way developing high-quality solar assets to own and operate in the Americas.”
David Munksy and Michael Cocchimiglio, who have been with Conergy since April 2015, will serve as Co-Heads of Rooftop and Ground Mount Solar Development in the Americas. David has over seven years of solar development and finance experience and joined Conergy from Nautilus Solar. Michael has over eight years of solar development and operations experience and joined Conergy from ConEdison Solutions. Since joining in April, David and Michael have helped Conergy develop over 127 MW of solar and well over $100 million in project financing.
This announcement follows a series of accomplishments by Conergy globally. Recently, Conergy won 60MW of projects in Brazil’s highly competitive auctions and upsized its bank guarantee facility to $75 million with funding from Tennenbaum Capital Partners and Goldman Sachs BDC, Inc.
Conergy (conergy.com) is one of the world's largest downstream solar companies, specializing in the design, finance, build and operation of high-performance solar systems for homes, business, and utilities around the world. Founded in 1998, the company has pioneered the expansion of solar power globally and, today, combines industry-leading solar PV experience with access to capital across six continents. Conergy is privately held and majority-owned by Miami-based asset management firm Kawa Capital Management, Inc.