13 Nov 2016

Private Equity Wire article: Modern Energy Management adds to project finance team

Modern Energy Management (MEM), which delivers project lifecycle certainty to renewable energy developers, financiers and investors, has appointed Jack Kneeland as head of finance and Supattana (Tina) Ngimhoung as financial controller.

Kneeland and Ngimhoung will be based out of the firm’s Bangkok office, working on wind energy development projects.

Kneeland joins MEM from AWR Lloyd, where he worked as a managing director for several years. He also acts as a partner for Clean Energy Advisors, which aims to create investment opportunities in the renewable energy sector.

Ngimhoung previously spent five years as a senior financial advisory manager at KPMG Thailand, and most recently worked as a management consultant for Access Energy.

“MEM is committed to delivering client success on all projects that it works on. Tina and Jack bring skills that will allow MEM to continue to support our clients and partners at the highest level as we grow,’’ says Aaron Daniels, co-founder, Modern Energy Management.

When providing consultancy to renewable energy investors in emerging markets, MEM has in recent years accepted minor equity stakes in projects as partial payment for its services. By sharing risk with its clients for each project, MEM receives compensation for its consultancy only if the project is a success for the client.

Daniels adds: “Our attitude to risk and asset performance based compensation is unique in the industry. Our extensive experience delivering successful renewable energy projects in emerging markets in Asia, Latin America and Africa, and the innovative way we model challenges and understand risks, means we are very comfortable adopting this approach to working with clients. By partnering with our clients in risk management, we ensure our interests are fully aligned, and demonstrate we are as committed to success as they are. This approach is a cornerstone of our strategy to deliver world class energy projects for our clients.”


Link to original article: http://www.privateequitywire.co.uk/2016/10/21/244971/modern-energy-management-adds-project-finance-team