A senior project finance professional has left NextEra Energy Resources to take up a new position in New York.
Rahul Sharma joined Brookfield Renewable, the renewables platform of Brookfield Asset Management, as director and head of U.S. capital markets this month, according to his profile on LinkedIn.
He had been with the NextEra Energy group for over 20 years, having joined Florida Power & Light in 1998 after a career as an engineer in the telecommunications industry.
Since then, he has worked as a quantitative analyst, financial trader, renewables business manager and project and corporate finance executive. He has handled tax equity, distributed solar and energy storage financings among other matters.
A NextEra representative in Juno Beach, Fla., did not respond to an inquiry about who would take on his responsibilities, while Sharma and spokespeople for Brookfield in Toronto did not reply to questions about his new responsibilities and who he reports to.
Brookfield has several assets it expects to commission across the Americas in the near future, including:
- the 19 MW Silea Verde 4 (Savana) hydro project in Brazil, which is expected to be online this year,
- the 30 MW Foz do Estrela hydro facility, also in Brazil, which is expected to be online in 2021, and
- a 63 MW storage project at its Bear Swap hydro plant in Massachusetts, which it aims to commission in 2021 (PFR, 12/10/15).
Meanwhile, the asset manager is in the process of selling a 25% stake in the 413 MW Canadian hydro portfolio it owns through its yield company, Brookfield Renewable Partners, according to a February investor presentation (PFR, 11/30/18).