ERSEY CITY, N.J., Feb. 24, 2011/PRNewswire/ --Soltage, LLC, a renewable energy provider that develops, finances, builds, owns and operates solar energy systems under a power purchase agreement at client facilities across the U.S. — is delighted to announce the addition of Kwon-Kyun Chung to its staff as Vice President of Finance. Mr. Chung has more than 15 years experience in the energy/power sector, including developing, arranging, and financing the construction of large solar projects. Amongst other notable projects, he played a critical role in the financing of one of the first merchant power plants in the US, Sithe Boston Generating (1,500 MW), located in Boston, MA in 2001.
Soltage's CFO, George P. Schaefer says, "We are proud to announce that Kwon Chung has joined the firm. Kwon has worked in developing and funding renewable energy projects both in the US and abroad. His experience and expertise bring additional strength to solar energy project development and finance to Soltage that is very exciting." Kwon worked for three years at Alinda Capital Partners, where he was responsible for the origination of investments in energy and infrastructure projects in excess of $2 billion. He has been with Dresdner Kleinwort Wasserstein and WestLB where he completed various energy project financings in excess of $1 billion.
Jesse Grossman, CEO of Soltage adds, "Kwon's experience in diverse energy and infrastructure project development and financing is a tremendous asset to Soltage. We are pleased to have him join the team at this stage of our growth and look forward to his contributions in 2011 and beyond." Kwon holds the degrees of B.A. and Master of International Affairs from Columbia University with a major in international finance. He lives in Jersey City, NJ.
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