CHICAGO, Sept. 30 /PRNewswire/ -- Lincoln Renewable Energy (LRE), a developer of U.S. solar and wind projects, today announced the appointment of Sanjeev Menon to the new position of vice president of finance. Menon, former director of structured finance and business development at SunPower Corp., will play a key role in the financing of LRE's upcoming new solar projects.
"Sanjeev's 20-year track record in raising capital, particularly his recent successes in financing solar Photovoltaic (PV) projects, makes him a valuable addition to our team," said LRE CEO Declan Flanagan. "This appointment completes a strong management team as we move into construction mode on LRE's first solar projects in New Jersey in 2011."
At SunPower, Menon oversaw more than $250 million in financings within the solar market. He has extensive experience in senior and mezzanine debt, tax equity and equity placements as well as in project development. Previously, he served as vice president, syndications, at United Financial of Illinois and director, TL1 Partners Inc. He also was co-founder and chief financial officer of RealHub.com Inc. and an assistant vice president at GE Capital. During his career, Sanjeev has closed over $1.5 billion in debt and equity financings.
He received a Bachelor of Science degree in electrical engineering from the University of Texas at Austin and a Master of Business Administration degree from Columbia University.
"Lincoln Renewable Energy has a great pipeline of solar and wind projects in development," said Menon. "I am excited to join a strong team that has the experience and drive to realize these projects and push the industry forward and provide real renewable-energy solutions."
Recently, the company announced plans to start construction by year end of a $60 million, 10-megawatt solar energy facility in Fairfield Township, N.J. The NJ Oak Solar project would create about 100 construction jobs for the six-month construction phase. It is one of several projects in development in New Jersey. Earlier this year, the company also opened a regional office in Woodstown, N.J.
About Lincoln Renewable Energy
Lincoln Renewable Energy is in the business of developing solar and wind power projects across the United States from Greenfield concept through to commercial operation. LRE's management team has a proven track record in renewable energy development. Their efforts have led to the construction of more than 3,000 megawatts of renewable energy in North America and Europe over the past 10 years. LRE has a pipeline of over 1,000 megawatts of solar and wind projects under development. For more information, please visit www.lincolnrenewableenergy.com.
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SOURCE Lincoln Renewable Energy