DP Energy names Chief Investment Officer
DP Energy, an Ireland-based renewable energy company, has appointed Andrew Smith as its Chief Investment Officer.
Smith, currently Head of the Renewable Energy Investment Fund (REIF) at the Scottish Investment Bank, will join DP Energy later this month.
His role will include work on the funding round for DP Energy’s FORCE tidal projects in Nova Scotia and the financing of the company’s 375 MW hybrid wind/solar PV Australia project, as well as the wider company’s development portfolio, DP Energy informed.
Simon De Pietro, DP Energy’s CEO, said: “Andrew brings a wealth of experience in the legal and finance sectors, including the lead role in the public sector investment in the flagship MeyGen tidal project. We share a common vision for tidal energy and the wider renewables sector, and his deal-making skills and wider business experience will be an invaluable asset to DP Energy as we move forward.”
Commenting on his appointment, Andrew Smith said: “I firmly believe that, together, we can materially contribute to delivering meaningful and profitable renewables projects across the world. There are opportunities for a range of funding partners to join us in that endeavour. I look forward to identifying and working with them.”
DP Energy is currently developing 330 MW of tidal projects along the coasts of Canada, Scotland and Ireland.
The company informed it currently finalising a planning submission for a 100 MW tidal array which would be installed about 1 km south east of Fair Head, County Antrim.