The former head of Siemens Financial Services’ global energy finance business, Kirk Edelman, is working at a U.S. solar project developer and owner.
Edelman left Siemens FS in April as the company trimmed its company structure and relocated senior leadership roles to its headquarters in Munich (PFR, 5/3).
He is now working at Safari Energy, the solar developer and power producer owned by PPL Corp., as its chief development officer in New York, says a deal watcher.
Safari recently launched an acquisition and financing program aimed at early-stage developers, which is being led by co-founder and president John Nordeman.
The company has completed 19 acquisitions across the U.S. so far in 2019 and expects to close dozens more by the end of the year.
“With more than a decade of experience closing sophisticated solar project deals, Safari Energy has developed a nuanced understanding of the asset class and we’re very excited to deploy our expertise to continue advancing the solar industry,” said Matt Rudey, the company’s CEO. “We’re uniquely positioned with our expertise in solar development and project finance to offer low-cost solutions with a streamlined and expedited deal closing process.”
In April, Safari hired SunEdison’s former head of corporate development and acquisitions for the Asia Pacific region, Ola Olaniyi, as managing director for asset acquisition. Olaniyi has also worked in private equity at Temasek and, more recently, as a director at Triox Capital in Singapore.