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24 July 2009
US independent solar power producer Solar Power Partners, Inc. has appointed G Robert Powell as president and CEO. Former president and CEO Alexander von Welczeck will continue with the company as chief strategy officer.
Powell joined SPP earlier this year, following his previous role as CFO at Pacific Gas and Electric Company. Prior to PG&E, Powell was a partner in PricewaterhouseCoopers’s national energy practice.
Previously, he was a partner at Arthur Andersen’s worldwide energy and communications practice.
John Eastwood, SPP’s chairman of the board of directors, said, ‘We are delighted to have a recognised industry leader like Bob Powell at the helm at Solar Power Partners,’ said Eastwood. ‘His extraordinary track record in the industry is a tremendous asset to SPP at this time of rapidly expanding business. Combined with Alexander von Welczeck, who continues to make valuable contributions as Chief Strategy Officer, our management team is unrivaled in the industry.’
As vice president and CFO, Powell oversaw SPP’s financial activities, which included working with financial partners, guiding the company’s overall finance strategy, and leading other corporate development functions.
‘Solar Power Partners is transforming the way schools and public agencies embrace solar energy with its ‘no capital down’ power purchase agreement business model,’ said Powell. ‘With 37 systems and nearly 13MW operational and more nearing completion, SPP has generated significant growth, profitability, and customer satisfaction in fewer than three years, and is clearly in the industry vanguard. I am very pleased to work with the best team in the business to move solar energy forward — one school, university, airport, water district, and utility at a time — throughout California and across the country.’
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