An affiliate of 547 Energy is to partner with European clean energy industry veteran Andy Kinsella, to create a portfolio of onshore wind, solar and energy storage projects throughout Europe.
The new company Aer Soleir aims to develop, construct, own, and operate a multi-gigawatt platform.
It will be headquartered in Dublin, Ireland.
Kinsella brings over 35 years of experience in the international energy sector and has held leadership positions at companies including Ireland’s Electricity Supply Board (ESB), ESB International, GE, Siemens and most recently Mainstream Renewable Power where he served as chief executive.
In addition, Kinsella has been a member of the Renewables Industry Advisory Board of the International Energy Agency , was chairman of Smartwind, a member of the Energy sub-Committee of the British Irish Chamber of Commerce and Member of the Advisory Committee to the Independent Committee on Climate Change.
547 Energy is the clean energy investment platform of Quantum Energy Partners.
Its chief executive and president Gabriel Alonso said: “The European Green Deal provides the policy roadmap to transition Europe to a clean energy economy and sets into motion Europe’s political ambition to be the world’s first climate-neutral continent by 2050.
“We believe there is no better time than now to invest in the accelerating clean energy transition and are thrilled to partner with Andy as he leads the charge in this new venture.
“We have full confidence in Andy’s ability to grow Aer Soléir into a leading European pure-play renewable energy developer and look forward to working closely in the journey.”
Quantum managing director Sean O’Donnell added: “We have known Andy for years and are excited to further expand Quantum’s presence in the clean energy space through this partnership with him.
“He is a proven, execution-focused executive who can deliver strong results for his investors.
“The task of decarbonising the European power grid is a meaningful undertaking that will require the vision and dedication of entrepreneurs like Andy and the Aer Soléir team.”
Kinsella, who takes on the role of partner and chief executive officer at Aer Soléir, added: “I am personally very pleased to be leading this exciting effort with the support, vision and expertise provided by both 547 Energy and Quantum.
“Aer Soleir’s mission is to develop and build best-in-class, large-scale, energy transition projects that will provide material, long-lasting economic benefits to communities across Europe.
“We look forward to supplying safe, reliable, and valuable clean energy to our customers and to delivering superior returns for our investors.
“Our vision is that one day, everyone’s life will be electrified sustainably, and we are pleased to be playing an active part in creating a create a cleaner energy future for all.”