Edmée Kelsey brings a wealth of solar asset management domain expertise to her role as founder and CEO of 3megawatt. 3megawatt provides software, methodology and support for renewable portfolio owners and operators. 3megawatt's Bluepoint solar asset management platform is currently used to manage over 4 GW of operational solar assets worldwide.
As former CFO of Main Street Power, a North American solar developer/operator, she closed project financing for over 100 of distributed solar PV projects and was responsible for the asset management of those solar assets. Before that Edmee was the CFO at Axiopower, a US based utility-scale solar developer, which has since been sold to SunEdison.
Edmee has gained start-up experience as the founder and CEO of a European telecom service company backed by venture capital from 3i. She started her career as technology M&A investment banker at JP Morgan in London and New York. Edmee is fluent in English, French, German, Dutch, Italian and Spanish.
CEO @ 3megawatt provides software, methodology and support for solar asset management. Its BluePoint solar asset management software platform is designed to assist solar owners and operators with mitigating risk, reducing costs and enabling growth.
BluePoint includes solar project contract management (with comprehensive support for PPAs, leases, incentives, EPC/O&M contracts, loan agreements and other operational contracts), PPA billing, compliance management, legal and insurance claim administration, asset register administration, financial performance analysis, investor reporting, "industry best practice" solar asset management workflows and much more.
3megawatt's BluePoint currently manages >3 GW of solar operating assets in the US, Europe and Asia. From May 2012 to Present (3 years 8 months) Solar Asset Management Consultant @ Lightsource Renewable Energy is the UK's leading solar energy generator. Advised Lightsource with the set-up of their Solar Asset Management business for the management of their 150MW portfolio of 300 operational solar sites. From January 2012 to June 2012 (6 months) London, United KingdomCFO @ Main Street Power Company (now AES Distributed Energy) is a financier, owner and operator of solar projects across North America.
• Closed project financing for >120 of distributed solar PV projects (rooftop and ground mount), including schools, universities, prisons and municipal and commercial buildings;
• Closed on transaction structures involving Investment Tax Credits (ITC), RECs and PBIs, New Market Tax Credits (NMTCs), Power Purchase Agreements (PPAs), Feed-in-Tariffs (FITs), partnership flip structures and master tenant leases. Financial transaction partners included Morgan Stanley, US Bank, NordLB and Bank of New York;
• Responsible for financial, management, credit and investor reporting - prepared monthly financial consolidation to include >30 legal entities with lease accounting and foreign exchange conversions.
• Responsible for Solar Asset Management of a 30MW portfolio of 100 operational solar PV sites - monthly PPA invoicing, incentive collection and reconciliation, insurance management, property and sales tax declarations, warranty administration, O&M provider performance monitoring, regulatory, legal and credit compliance. From December 2009 to December 2011 (2 years 1 month) CFO @ Axio Power (now SunEdison) is a utility scale solar developer. From 2009 to 2009 (less than a year) Managing Director CleanTech @ From 2008 to 2009 (1 year) Entrepreneur-in-Residence @ From 2007 to 2009 (2 years) Senior Manager @ From 2004 to 2006 (2 years) CEO and founder @ Founded telecom company, providing voice and data least cost routing service for business customers. Raised venture funding from 3i Plc. Company was sold to a subsidiary of Belgacom. From 1997 to 2001 (4 years) London, United KingdomM&A @ M&A transactions in the Technology Industry From 1996 to 1997 (1 year) London, United KingdomVice President M&A @ M&A transactions in the Technology Industry From 1989 to 1995 (6 years) London, United KingdomAccount Manager Equity Origination @ From 1987 to 1989 (2 years) Amsterdam Area, Netherlands
Bachelor's of Business Administration, Finance @ Nyenrode Business Universiteit From 1983 to 1987 Edmée Kelsey is skilled in: Project Finance, Solar Energy, Cleantech, Venture Capital, Mergers, Strategy, Business Planning, Investment Banking, Renewable Energy, Asset Managment, Due Diligence, Start-ups, Photovoltaics, Corporate Development, Corporate Finance