The Board of Directors of sPower (Sustainable Power Group), a renewable energy provider, recently appointed Jigar Shah, founder of SunEdison, to its Board of Directors, effective immediately.
Shah is an expert on energy project finance and changing energy policy. He works closely with a number of the world’s leading influencers and guides policy makers around the globe on key issues surrounding renewable energy, climate change and sustainability. Under Shah’s leadership, SunEdison transformed the renewable energy sector by creating the power purchase agreement (PPA) business model which eliminated upfront capital costs associated with renewables deployment.
“Mr. Shah is a visionary,” says Ryan Creamer, sPower CEO. “His track record of revolutionizing sustainable energy, coupled with Fir Tree Partners’ commitment to strategic and meaningful advancements in the renewables sector, will have a profound impact on maintaining sPower’s trajectory of growth and success.”
Shah holds an MBA from the University of Maryland and is a graduate from the University of Illinois. In addition to founding SunEdison, Shah is the author of Creating Climate Wealth: Unlocking the Impact Economy and the first CEO of the Carbon War Room (the global organization founded by Sir Richard Branson and Virgin United to help entrepreneurs address climate change). He is also on the board of the New York State Energy Research and Development Authority to which he was nominated by Governor Andrew M. Cuomo and approved by the New York State Senate.
“sPower is incredibly well positioned to transform the marketplace through accelerated renewable deployment and lowered capital costs, while making a real difference in reducing global emissions,” says Shah. “I’m honored and excited to be a part of such a dynamic opportunity and to work with this exceptional company.”
Want more? Try these related posts:
SunEdison Purchases 50MW, Largest In Massachusetts History
SunEdison Signs Purchase Agreement For Up To 1.85 GW Of NEXTracker Solar Trackers
Vikram Solar Names Ken Oatman Head Of Business Development
Trina Solar CEO Elected As First President Of CPIA