Ecofin Hires Eileen Fargis to Lead Private Equity Sustainable Infrastructure Group

Rhea-AI Summary

Ecofin has appointed Eileen Fargis as the new Group Lead for its Private Equity Sustainable Infrastructure team, effective immediately. With over 20 years of experience, Fargis previously managed a 2.1 GW energy generation portfolio and co-led a $1 billion private equity fund. Her expertise in project finance and connections in the power generation sector are expected to significantly enhance Ecofin's operations. The appointment is timely, following the Inflation Reduction Act which allocates $369 billion towards renewable energy, boosting prospects for U.S. private renewables.

Positive

• Eileen Fargis brings over 20 years of industry experience, enhancing leadership in Private Equity Sustainable Infrastructure.
• Her previous management of a significant energy portfolio (2.1 GW) and a $1 billion fund provides valuable expertise.
• The appointment aligns with favorable policy developments from the Inflation Reduction Act, supporting growth in U.S. renewable energy investments.

Negative

• None.

OVERLAND PARK, KS / ACCESSWIRE / October 24, 2022 / Ecofin is pleased to announce the appointment of Eileen Fargis as the Group Lead for its Private Equity Sustainable Infrastructure team, effective today. In her role as Managing Director - Private Equity Sustainable Infrastructure, Eileen will work closely with the team of experienced professionals, originating and managing the firm's U.S. renewable assets.

"We are thrilled with Eileen's addition to the Ecofin team. She will make an immediate impact on our team and the firm given her leadership and experience in the private sustainable infrastructure space. She brings expertise across all aspects of project finance along with strong connections in the power generation industry," said Brent Newcomb, President of Ecofin.

Eileen has over 20 years' industry experience in North and Latin America, most recently as the head of investments for a 2.1 GW energy generation portfolio and co-head of a $1 billion multi-sector private equity fund.

"I'm delighted to join the Ecofin team as we provide this compelling investment opportunity to investors," said Eileen Fargis, Managing Director. "I firmly believe that U.S. private renewables are well positioned for sustained growth, driven by multi-year U.S. policy tailwinds supporting renewables. I look forward to meeting many of our investors in the very near future."

One such tailwind is the passage of the Inflation Reduction Act (IRA) in August 2022 as it represents an unprecedented long-term policy boost for U.S. renewable energy with approximately $369 billion allocated towards climate infrastructure and energy security. The IRA includes provisions for extending tax credits for solar and wind through 2035 and introduces a new tax credit for standalone battery storage.

About Eileen Fargis
Eileen is the former Head of Investments for InterEnergy Holdings (UK) Ltd, an independent developer, owner, and operator of 2.1 GW of energy generation assets and a utility in the Caribbean and Latin America. Eileen is the former Co-Head of the $1 billion IFC African, Latin American and Caribbean Fund LP, a private equity fund investing on behalf of the International Finance Corporation.

Eileen started her career in energy and infrastructure with Skadden Arps and spent 9 years at GE Capital Markets, GE Energy Financial Services and GE Structured Finance. Eileen has previously served on the Boards of InterEnergy Holdings, Hoteles CityExpress and SURA Asset Management, the largest pension management firm in Latin America. Eileen is a graduate of Hamilton College and the John Hopkins School of Advanced International Studies.

About Ecofin
Ecofin is a sustainable investment firm with roots dating to the 1990s and a global footprint with offices in the US and UK. We are driven by the idea that sustainable investment can deliver strong risk-adjusted returns while making a true impact on the environment and society. Our strategies offer global solutions in private and public securities that address global challenges in climate action, water and sustainable communities. Through these strategies we seek to achieve positive impacts that align with the UN Sustainable Development Goals and are accessible through a variety of vehicles. Ecofin Investments, LLC is the parent of registered investment advisers Ecofin Advisors, LLC and Ecofin Advisors Limited (collectively "Ecofin"). Learn more at www.ecofininvest.com.

Forward-Looking Statement
This press release contains certain statements that may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although Ecofin believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, Ecofin does not assume a duty to update this forward-looking statement.

Safe Harbor Statement
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

Contact information
For more information contact Jen Ashlock at (913) 981-1020 or info@tortoiseecofin.com.

SOURCE: Ecofin

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FAQ

What is the significance of Eileen Fargis's appointment at Ecofin?

Eileen Fargis's appointment as Group Lead for Private Equity Sustainable Infrastructure at Ecofin is significant due to her extensive experience and expertise in renewable energy, which positions the firm for growth in the sustainable investment sector.

How does the Inflation Reduction Act impact Ecofin?

The Inflation Reduction Act, allocating $369 billion for renewable energy, provides a favorable environment for Ecofin, enhancing its investment opportunities in U.S. private renewables.

What previous roles did Eileen Fargis have before joining Ecofin?

Before joining Ecofin, Eileen Fargis was the Head of Investments for InterEnergy Holdings and co-head of a $1 billion private equity fund, showcasing her strong background in energy and finance.

What are Eileen Fargis's qualifications?

Eileen Fargis has over 20 years of experience in the energy sector, holding key positions in investment management and serving on boards of significant companies in Latin America.