Good Energies promotes solar executive

The Switzerland-based clean energy private equity firm has promoted William Nesbitt, who joined the firm's solar team in 2007, to managing director. Nesbitt has participated investments including a $140m financing for solar power company Solar Reserve.

Clean energy investor Good Energies has promoted solar-focused William Nesbitt to managing director in the firm’s New York office.

Nesbitt joined Good Energies’ solar team in 2007 as a director and executive vice president. He was previously a managing director at boutique merchant banking firm Kirkland Investment Corp and was earlier a partner at Park Avenue Equity Partners.

Green Energies invests in solar, turbine-based renewables, green building technologies and other emerging areas within clean energy with the goal of contributing to a low-carbon economy.

The firm is one of the largest investors in the renewable energy and energy efficiency industry and maintains offices in London, New York, Toronto, Washington, DC and Zug, Switzerland. It is owned by COFRA, the family office of the Brenninkmeijer family in Zug and has an annual investment budget of €350 million.

Recent transactions by Good Energies include participation in the $140 million second round of financing for Solar Reserve, a California-based developer of utility-scale solar power plants, in September 2008. Good Energies-backed Continental Wind Partners last summer sold two Romanian wind farm developments to Czech-owned power utility CEZ Group for €1.1 billion.