Westerly Wind LLC (Westerly), a provider of development capital and expertise to the wind industry, announced that it has hired Steve Schauer to the position of President.
Mr. Schauer has over 22 years of energy finance experience, serving most recently as Senior Vice President of Finance and Treasurer of First Wind Holdings. Over his career, Mr. Schauer has raised over $7 billion of capital for wind energy projects. Prior to joining First Wind, Mr. Schauer served as Executive Director of solar development and as Assistant Treasurer for NextEra Energy. Prior to joining NextEra, Mr. Schauer was Director of Origination, Energy & Shipping Group for BTM Capital and also worked for 10 years for Bank of America as a Senior Relationship Manager in the Energy & Utilities Division in Boston.
“Steve’s considerable experience and expertise raising capital for wind energy projects makes him the ideal candidate to help lead the Westerly team to develop and expand our 1,000 MW wind energy portfolio,” said Westerly CEO, Joe Cofelice. “Steve has a proven track record of successfully driving wind energy projects through the financing process to commercial operations. We are very pleased that Steve has joined the Westerly team.”
About Westerly Wind – Westerly Wind is a portfolio company of US Renewables Group. Westerly provides development capital and expertise to wind projects at all stages in the development cycle and currently has approximately 1,000 MWs under development. – Founded in 2003, US Renewables Group is one of the largest private equity firms focused exclusively on investing in renewable power, biofuels and clean technology infrastructure. More information about the Westerly is available at: www.westerlywind.com.