Leeward Renewable Energy has hired an attorney who was once deputy general counsel at Duke Energy Corp. as chief legal officer and senior v.p. for corporate development.
Theodore “Tedd” Matula joined Leeward this month and reports to the developer's ceo Greg Wolf, a former colleague of Matula's at Duke, in the company’s Dallas headquarters.
"After closing our transaction with OMERS in 2018, Leeward has moved to a growth phase as part of our Leeward 2.0 strategic plan," said Wolf in a statement. "Tedd will play a key role in helping execute more acquisitions and development than we’ve ever done at Leeward."
OMERS Infrastructure Management acquired Leeward from ArcLight Capital Partners last year and refinanced its operational portfolio shortly afterward (PFR, 3/22/18, 9/11/18). Since then, the developer has been raising finance for wind repowering projects such as its Mendota Hills facility in Lee County, Ill., for which it secured tax equity in the third quarter of last year (PFR, 10/4).
With its acquisition push, the company is aiming to diversify its portfolio by adding utility-scale solar, Wolf tells PFR, noting the relevance to this strategy of Matula's experience at Duke and solar developer High Road Clean Energy.
"We've got a few early-stage greenfield solar projects based on existing land positions, but we're looking to either acquire or partner with other developers who may have pre-PPA and/or mid-stage projects," he adds. "We're also looking at selectively acquiring one to two operating solar projects within the next year."
Matula's move to Dallas follows more than a decade in Austin, Texas, where he spent the past two years as managing director of High Road Clean Energy, the wind and solar developer he co-founded after leaving Duke.
He was associate general counsel at Duke from 2007 to 2010 and then deputy general counsel between 2010 and 2016.
He started his career in private practice at Vinson & Elkins in Dallas before transferring to Hogan & Hartson in Denver, staying in Colorado when he moved in-house at Black Hills Corp. in 2002. He returned to Texas in 2006 to join Austin-based Tierra Energy as general counsel.
Matula and Wolf are not the only Duke alumni at Leeward. Chief operations officer Jason Allen worked in various roles at the utility holding company from 2010 to 2016.