Gareth Miller Joins Clean Energy Capital's Board at TGC

Gareth Miller's Appointment to Clean Energy Capital Board

True Green Capital Management LLC ("TGC" or the "Firm"), a prominent investment firm in the renewable energy arena, has appointed Gareth Miller to Clean Energy Capital's ("CEC") board. This landmark move represents TGC's third significant investment in the European market. Gareth brings with him over twenty years of executive experience in infrastructure project finance and energy policy. Before his tenure as CEO at Cornwall Insight, he held pivotal roles at Barclays and lent his expertise to the Department for Energy and Climate Change.

Strategic Insights from Gareth Miller

In a statement regarding the appointment, Will Morgan, TGC's Managing Director for Europe, shared insights on the firm’s vision. He expressed confidence in CEC’s potential to respond to the increasing demand for renewable energy in the UK, emphasizing that Gareth's extensive experience will be invaluable in shaping CEC's growth strategy. Gareth himself expressed excitement about joining a committed team dedicated to delivering impactful renewable energy solutions. He highlighted CEC’s innovative approach to renewable power projects, which unlock both economic benefits and contribute to decarbonization efforts.

Welcome from Alexander Goodall

Alexander Goodall, the Founder and CEO of CEC, warmly welcomed Gareth to the board, underscoring the significance of his expertise in driving the firm’s objectives forward. With TGC's robust investment backing, Goodall believes they are positioned for substantial growth to provide direct renewable energy capacity at scale for the UK's leading power consumers.

About True Green Capital Management

True Green Capital Management LLC is a private equity manager specializing in renewable infrastructure, focusing on distributed solar power generation. With offices in Westport, Connecticut, and London, the firm actively pursues opportunities in the United States and Europe. Founded in July 2011, TGC is led by seasoned professionals equipped to originate, finance, construct, and operate renewable power projects.

Market Opportunities and Industry Trends

TGC remains optimistic about the renewable energy landscape, particularly with rising power costs and falling entry barriers for distributed generation technologies. They view favorable regulatory environments as catalysts for tapping into compelling investment opportunities that offer stable returns with low market correlation.

Substantial Investment Focus

The firm has its sights set on the expansive distributed power generation market, estimated at over $2 trillion, with particular emphasis on solar power initiatives. The rapid technological advancements have made solar power generation not only viable but competitive against traditional energy sources, allowing for quick and efficient integration into existing power networks.

Successful Energy Projects across Regions

TGC has successfully invested in a diverse portfolio of solar power generation projects throughout 17 US states, the UK, and France. This extensive portfolio underscores their commitment to delivering clean energy solutions across different markets, significantly impacting the shift towards sustainable power generation.

About Clean Energy Capital

Established in May 2021, Clean Energy Capital has set a precedence in the realm of private wire renewable energy solutions, particularly focusing on large-scale behind-the-meter projects. The firm specializes in developing tailored energy solutions for Large Power Users (LPUs), reducing reliance on the national grid, enhancing local energy security, and promoting distributed power generation.

Frequently Asked Questions

What is the significance of Gareth Miller's appointment?

Gareth Miller's appointment to the board of Clean Energy Capital is significant as he brings extensive experience in energy policy and infrastructure finance, which will guide the firm’s strategic growth.

What does True Green Capital Management focus on?

True Green Capital Management specializes in renewable infrastructure investments, particularly in distributed solar power generation opportunities across the US and Europe.

How does TGC view the renewable energy market?

TGC sees the renewable energy market as ripe with opportunities due to increasing power prices and decreasing costs of technology, believing it provides stable cash flow with low risk.

What is Clean Energy Capital's operational focus?

Clean Energy Capital focuses on private wire renewable energy solutions, developing projects that allow large power users to benefit from lower-cost renewable energy options.

When was True Green Capital Management founded?

True Green Capital Management was founded in July 2011 and has built a strong reputation in the renewable infrastructure investment sector since its inception.

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