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Back to newsNu Energy, a leading Australian renewable energy provider, is pleased to announce the appointment of Mr Gerry Moriarty AM to the Board as Chairman.
Mr Moriarty has significant experience in the infrastructure and financial services sector. He was Chairman of ASX listed Macquarie Communications Infrastructure Group from 2002 to 2008 and an Executive Director of Macquarie Group Ltd from 2003 until 2008. He has held several senior management and director positions within Macquarie Group, Telstra, and UK and New Zealand communications companies. Mr Moriarty is currently Chairman and a Director at several leading communication infrastructure companies.
Mr Moriarty will play a key role in the development of Nu Energy as it grows its core solar business, expands into energy management and launches new renewable energy products.
Commenting on the appointment Nu Energy CEO Simon Schauble said:
“I am very pleased to welcome Gerry to the Board. He is an astute and respected businessman. His considerable background in infrastructure and investment adds to the Board’s depth of experience and expertise while bringing a fresh perspective to the team. As a leader in the renewable energy sector, Nu Energy has an exciting future and Gerry will be a valuable addition as we expand the business.”
Mr Moriarty said:
“The renewable energy sector is in its infancy in Australia and there are many untapped opportunities to continue to grow the business. I am confident that my skills and expertise are a good fit with the company and will enable me to make a worthwhile contribution to the business.”
Nu Energy is pleased to welcome SAM Private Equity, a leading global investor in the renewable energy sector and part of Robeco and the Rabobank Group, as a shareholder of Nu Energy. Based in Zurich Switzerland, SAM Private Equity is a market leader in investing in companies and technologies that improve the productive and responsible use of natural resources which greatly reduce or eliminate negative ecological impact. SAM Private Equity manages approximately USD 1billion in sustainable assets across several countries and joins US based Angeleno Group, Australian based companies Cleantech Ventures and ES Link Services as major shareholders in Nu Energy.
Commenting on SAM’s investment in Nu Energy, Mr Moriarty commented:
“Nu Energy has a strong, experienced and committed domestic and international shareholder base who bring significant resources to the company and provide valuable insight into energy markets around the world. SAM is a pioneer in sustainable investments and has significant expertise in supporting and growing established companies with a solid customer base like Nu Energy. We are delighted to welcome them as a shareholder in our company.”
About Nu Energy
Nu Energy has provided renewable energy solutions to Australia’s commercial and residential sectors for more than 20 years. Nu Energy is a fully accredited member of the Clean Energy Council and has installed more than 28,000 solar systems in households, large industrial sites, government sites and small commercial operations throughout Australia. A private company, with a strong domestic and international shareholder base, Nu Energy generates annual revenue around $150 million. www.nuenergy.com.au
About SAM
SAM is an investment boutique focused exclusively on Sustainability investing. The firm’s offering comprises asset management, sustainability indexes and private equity. SAM is a member of the global asset manager Robeco, which was established in 1929 and offers a broad range of investment products and services. Robeco is committed to Responsible Investing (RI) and the group-wide implementation of RI principles. Robeco is part of Rabobank Group, one of the few privately owned banks in the world with AAA credit ratings from Moody’s and Standard & Poors. As of 31 December 2010, SAM’s total assets amounted to USD15.8 billion. www.sam-group.com
