The head of renewable energy investment at the Scottish Investment Bank has moved into the private sector as chief investment officer at DP Energy.
Andrew Smith joins Ireland-based DP Energy later this month, where his new role will include work on the funding round for DP Energy’s FORCE Tidal energy projects in Nova Scotia, Canada and the financing of the company’s flagship Australia project, the 375-MW hybrid wind/solar PV development at Port Augusta in South Australia, as well as the wider DP development portfolio.
Simon De Pietro, Chief Executive, DP Energy, said: “Andrew brings a wealth of experience in the legal and finance sectors, including his lead role in the public sector investment in the flagship MeyGen tidal project in the Pentland Firth.
“We share a common vision for tidal energy and the wider renewables sector, and his deal-making skills and wider business experience will be an invaluable asset to DP Energy as we move forward.”
Before joining the Scottish Investment Bank in 2013, Smith practised as a mercantile and energy lawyer. The bank will appoint an interim internal successor to Smith until a permanent replacement is appointed.
As well as wind and solar, DP Energy, based in Buttevant, Co. Cork, is currently developing 330-MW of tidal projects along the coasts of Canada, Scotland and Ireland and is finalising a planning submission for a 100-MW tidal array which would be installed off Fair Head, Co. Antrim.