Conergy unveils new management

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Conergy has announced its new management team, headed by Andrew de Pass, who takes the helm at the solar developer as chief executive officer.

The company’s new management comes a year and a half after the original Conergy AG filed for insolvency in Germany.

Addional key executives include Alexander Gorski as chief operating officer, Marc Lohoff as chief sales officer and Christina Welsch as chief financial officer.

Since its acquisition in 2013 by Miami-based asset management firm Kawa Capital Management, Inc., the same team has steered the company towards its current position, achieving nearly half a billion in revenue and operating profitability and become one of the solar industry’s fastest growing downstream players. In 2014, the company developed and installed 300 MW of utility-scale projects, bringing its total installed capacity to nearly 1 GW and placing it among the largest solar companies globally.

This year, the company has deepened its partnership with European utility RWE to offer rooftop solar in Germany. It also closed a major bank guarantee facility with Deutsche Bank.

The company said the success was largely due to its global competitive advantage, which allows it to allocate resources to the fastest growing markets across the world.

Conergy currently has a project pipeline of 4 GW and goals to expand its businesses in solar development, finance, engineering, procurement and construction (EPC), and operations and maintenance (O&M).

The company said it would continue its operations in utility-scale solar and expand its business in the fast-growing rooftop segment across existing and new markets in its global footprint.

De Pass will assume the role of CEO from his previous position as executive chairman of the Conergy board. At Kawa Capital Management, de Pass led the

acquisition of Conergy in 2013 and oversaw its restructuring and financial strengthening.

"In the last year, Andrew and the leadership team made significant changes to Conergy’s business model, refocusing the company away from manufacturing

towards its key strengths in downstream operations, most notably project development and PV asset ownership," the company said.

De Pass previously worked in various senior positions at

Greentech Capital Advisors, Citi Venture Capital International, where he founded and headed Citigroup’s Sustainable Development Investments (SDI) group, and Morgan Stanley.

"Since Kawa acquired Conergy in 2013, we’ve turned Conergy around from a loss making position to profitability, with nearly half a billion in revenue," de Pass said. "I am convinced that we will continue to accelerate our growth this year and that we have the right team and experience to execute globally."

Gorski, based in both Hamburg and Miami, will serve as Conergy’s chief operating officer and oversee the Americas, Europe and Africa. Prior to Conergy, Gorski spent 15 years in the semiconductor industry, where he served as corporate vice president for Qimonda AG.

Lohoff, based in Singapore, will serve as chief sales officer and continue to be

responsible for the Asia, Pacific and Middle East regions, including Japan and Australia. Lohoff has run these regions since 2009. Before joining Conergy, Lohoff held senior management roles at Qimonda AG, Infineon Technologies AG and Siemens Semiconductor Group.

Welsch, based in Hamburg, takes the role of chief financial officer from her

prior role as vice president of Corporate Finance for Conergy. Welsch joined Conergy in 2010 after nearly a decade of experience in finance and corporate performance related positions. Before Conergy, she worked as Project Manager in the restructuring and corporate finance unit of Roland Berger Strategy Consultants.

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