Source Renewables Hires Nicholas Whitcombe as Managing Director
Renewable energy finance and development veteran to serve in leadership role with growing community solar and retail energy organization
GREENWICH, Conn., October 21, 2020 (Newswire.com) - Source Renewables, LLC (“Source”) is pleased to announce, Nicholas Whitcombe has joined the Team, as Managing Director. In his new role, Nick will assist in development, acquisitions, divestitures and project financing for Source’s growing community solar businesses.
Nick has nearly 30 years of experience sourcing and structuring corporate and project finance transactions in the energy sector. Prior to joining Source Renewables, Nick led the financing of over 50 transactions totaling more than $900 million in a diverse portfolio of investments in residential, C&I and community solar, wind, energy efficiency and corporate financings at New York Green Bank, a state-sponsored investment fund. In New York State, Nick spearheaded a focus on community solar, resulting in the financing of over 300 MW of community solar projects.
Prior to New York Green Bank, Nick was a federal officer responsible for U.S. Department of Energy loan guarantees for nuclear enrichment and generation, wind and solar generation, and automotive manufacturing projects. Nick has also worked in a variety of roles at Jefferies, CIT, Fleet, and NatWest, including energy derivatives and loan syndications, originations and restructuring. Nick earned a BS from Cornell University and an MBA from Vanderbilt University.
“The addition of Nick to the Source team strengthens our ability to execute our growth plan and positions our organization as a leader in the community distributed generation industry in New York,” said Todd Coffin, Managing Partner of Source Renewables LLC.
About Source Renewables:
Source Renewables is a vertically integrated renewable energy company focused on the development and financing of distributed solar generation and energy storage projects throughout New York. Source Renewables’ subsidiary, Source Power Company is a regulated Energy Service Company and Distributed Energy Resource Supplier. Source pairs retail energy supply with customer management for community distributed generation projects. Source’s innovative approach provides savings for retail customers and enhances returns for its development partners. Source’s unique and creative solutions will help New York meet its renewable energy goals to reduce the local effects of climate change.
Media Contact:
Andrew Day
Phone: 917-426-0805
Email: [email protected]
Source: Source Renewables, LLC
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Tags: community solar, esco, New York, NYSERDA, project finance, renewable energy, retail energy, solar energy
