Nicholas Whitcombe joins Source Renewables as the managing director.
FREMONT, CA: A community solar and retail energy organization, Source Renewables has appointed Nicholas Whitcombe as its new managing director. Joining the team as the MD, Nick would be assisting in development, acquisitions, divestitures, and project financing for the company’s growing community solar businesses. Nick is recognized as a renewable energy finance and development veteran with around 30 years of experience in sourcing and structuring corporate and project finance transactions in the energy sector.
Serving as a leader at Source, Nick had previously led the financing of over 50 transactions, coming up to over $900 million in a diverse portfolio of investments in residential, C&I and community solar, wind, energy efficiency, and corporate financings at New York Green Bank, a state-sponsored investment fund. In addition to all this, Nick also focuses on community solar, resulting in the financing of over 300 MW of community solar projects.
Nick worked as a federal officer responsible for the U.S. Department of Energy for nuclear enrichment and generation, wind and solar generation, and automotive manufacturing projects, before which he served in the New York Green Bank. Nick has got a B.S. degree from Cornell University and an MBA from Vanderbilt University.
A vertically integrated renewable energy company, Source Renewables focuses on the development and financing of distributed solar generation and energy storage projects throughout New York. The company brings together retail energy supply with customer management for community distributed generation projects. The company follows an innovative approach to provide savings for retail customers and also increase returns for its development partners. The novel, effective and creative solutions that are offered by Source Renewables are sure to realize environmental sustainability.