FOLSOM, CA, September 16, 2015 â€“ 8minutenergy, Renewables, LLC, the leading independent solar developer in the U.S., today announced that the company has named Marc Atlas as Chief Financial Officer (CFO).
Atlas will oversee all accounting and finance functions at 8minutenergy, including directly leading efforts to raise several hundred million dollars of institutional capital to support the companyâ€™s multi-gigawatt pipeline in the U.S., India and Latin America.
Atlas is a highly experienced energy finance executive who has raised more than $2.5 billion in capital to finance the construction and operations of more than 2,200 megawatts (MW) of now operating wind, solar, natural gas and battery storage projects.
â€œTo date, we have developed 1,400 MW of contracted projects, and we continue to rapidly expand within the U.S. and in selected international markets,â€ said 8minutenergy Chief Executive Officer Martin Hermann. â€œWe are extraordinarily pleased to have Marc join our ranks as CFO. Marc is extremely experienced and well prepared to help 8minutenergy drive value moving forward.â€
Prior to joining 8minutenergy, Atlas simultaneously served as Vice President of Finance and Director of International Development for Invenergy LLC. Throughout his renewable energy career, Atlas has structured and managed project debt and equity financings, overseen corporate capital raising initiatives, managed an internationally based development team and led his predecessor companyâ€™s international efforts to source debt and equity capital for power projects in Japan, Mexico and various other Latin American countries.
â€œMarcâ€™s experience and proven track record in energy financing will help 8minutenergy further enable the development and operations of the worldâ€™s leading solar projects,â€ said Tom Buttgenbach, President of 8minutenergy.
Atlasâ€™ professional background also includes previously working for Charles River Associates, an economic consulting company, and Falconwood, a commodity fund and investment company. Atlas received an MBA from the University of Chicagoâ€™s Booth School of Business.