San Francisco—April 16, 2013—Clean Power Finance (CPF), the online marketplace for residential solar financing and solar sales software, today announced the appointment of Rajiv Ghatalia as chairman of its board of directors.
“Rajiv has an impressive track record of repeated success in complex financial transactions,” said Nat Kreamer, CEO of Clean Power Finance. “His deep experience leading teams for global financial institutions such as Goldman Sachs adds unique capabilities to our team that will help take our business to the next level.”
Rajiv A. Ghatalia is currently the president of Hennessey Capital Management, a San Francisco-based investment firm. Rajiv spent sixteen years in Asia, first as a partner and co-head of investment banking for the Asia-Pacific region for Goldman Sachs, and later as a partner at Warburg Pincus where he focused on the firm’s special situations and financial services investments in Asia. Rajiv also worked with Goldman Sachs in New York and London. He received a BA and BS from the University of Pennsylvania and an MBA from Harvard Business School. Rajiv has served on public, private and non-profit company boards, such as Nikko Asset Management, Transpacific Industries and Junior Achievement. He is currently advisor to the board of Proterra Inc., a provider of zero-emission solutions to the commercial transit sector, and is working with UCSF in the areas of healthcare delivery and personalized medicine.
“Clean Power Finance is uniquely positioned to transform the way that clean energy is bought and financed,” Rajiv said. “Its model is scalable, robust and attractive to both traditional and emerging solar investors. Most importantly, CPF boasts an impressive management team, which, along with a great business model, creates very exciting opportunities.”
In addition to Nat, the CPF management team includes Robert Prigge (IBM), Adam Marsh (Clean Power Finance co-founder), Kristian Hanelt (Tioga), Kirstin Hoefer (Sungevity and SunRun), Nicholas Mack (Sungevity and Mainstream Energy), Micah Myers (Claremont Creek Ventures) and Steve Olszewski (Discover and Capital One). The board of directors, now headed by Rajiv, includes Nat Kreamer, Silicon Valley veteran Joe Kraus, project finance expert Ed Feo, and venture capitalists Ben Kortlang, Paul Straub and Alex Weiss.
About Clean Power Finance
San Francisco-based Clean Power Finance (CPF) operates the CPF Market™, the online business-to-business marketplace for distributed solar financing, and provides solar professionals with CPF Tools™, the leading solar sales SaaS application. The solar industry uses CPF to access a variety of 100% third-party owned, unbranded finance products and easy-to-use solar sales quoting and design tools. Investors and lenders use CPF to invest in distributed solar projects that provide reliable rates of return with managed risk. Founded in 2007, CPF now manages more than half a billion dollars of project financing on behalf of third-party solar investors. To learn more about Clean Power Finance, visit www.cleanpowerfinance.com.