Co-Founder Longroad Energy Partners and CEO
Areas of Responsibility: Development, M&A, Capital Allocation, Fundraising
Mr. Gaynor has more than 25 years of experience in the energy field, encompassing leadership and finance roles in the energy, power, pipeline, and renewable energy sectors. In addition, he has been engaged in several landmark energy and power transactions and financings across the globe.
Mr. Gaynor co-founded Longroad Energy Partners with his former First Wind colleagues: Michael Alvarez, Peter Keel, and Charles Spiliotis. At Longroad, Mr. Gaynor is responsible for the strategic direction and overall management of Longroad’s businesses.
Prior to co-founding Longroad, Mr. Gaynor worked for SunEdison as the EVP responsible for its Global Utility scale development business. In January 2015, First Wind was acquired by SunEdison and an affiliate. At First Wind, Mr. Gaynor was the CEO, an investor, and on its board of directors. Mr. Gaynor co-founded First Wind in 2004 and grew the company from a clean sheet of paper to $1.5 billion equity value when it was sold.
Mr. Gaynor was formerly Chief Financial Officer of Noble Power Assets, LLC, a private equity-backed power acquisition company. Prior to that, he was the Senior Vice President and Chief Financial Officer of Singapore Power Group and then later the Chief Development Officer of Singapore Power Group (SP) and Chief Operating Officer of SP International (SPI).
From 1998 to 2000, Mr. Gaynor was the Senior Vice President and Chief Financial Officer of PSG International, a pipeline development company owned by GE Capital and Bechtel Enterprises. It was at PSG International, that Mr. Gaynor and Mr. Alvarez first worked together.
Before PSG, Mr. Gaynor was Vice President and Manager of Asia Pacific operations for GE Capital’s Structured Finance Group (SFG). He also worked at GE Capital SFG in the U.S. before moving to Asia, and he sold power plants for GE Power Systems prior to attending business school.
Mr. Gaynor holds a Bachelor of Science in Mechanical Engineering from Worcester Polytechnic Institute and a Master of Business Administration from the University of Chicago Graduate School of Business.
Michael U. Alvarez
Co-Founder Longroad Energy Partners and COO
Areas of Responsibility: Construction, Asset Management and Operations
As Chief Operating Officer, Mr. Alvarez is responsible for managing all engineering, procurement, construction and asset management activities for Longroad. In addition, he oversees the HR, IT, External Affairs, and Facilities functions.
Mr. Alvarez co-founded Longroad after having worked at SunEdison where he was Executive Vice President of Global EPC and Global Asset Management where he managed all engineering, procurement, construction and asset management, IT and Facilities activities for the company around the world.
Prior to the acquisition of First Wind, Mr. Alvarez served as its President and Chief Financial Officer, where he oversaw Finance and Accounting, Development, EPC, Operations, HR, IT, and Facilities. He was also an investor in First Wind.
Before joining First Wind, Mr. Alvarez served as Vice President of Strategic Planning at Edison International, the parent of Southern California Edison and Edison Mission Energy.
Earlier, he served as Executive Vice President, Chief Financial Officer, and General Counsel at Nexant Inc., a private company providing software and advisory services to the global energy industry.
Before Nexant, Mr. Alvarez managed the development of the $2.3 billion, 1,700-kilometer TransCaspian natural gas pipeline while at PSG International in London.
He was also President at Kenetech Energy Systems Inc., successfully managing the development of electric power generation projects, as well as a global operating portfolio of wind, gas, biomass, and oil-fired projects.
Mr. Alvarez began his career with the San Francisco law firm of Thelen, Marrin, Johnson & Bridges where he was a partner specializing in commercial and project finance.
Mr. Alvarez holds a Bachelor of Arts in Economics and a Juris Doctor from the University of Virginia.
Co-Founder Longroad Energy Partners and CFO
Areas of Responsibility: Financing, Accounting, Financial Planning
As Chief Financial Officer, Mr. Keel is responsible for managing all of Longroad’s finance-related activities.
Prior to co-founding Longroad, Mr. Keel served as the CFO for SunEdison’s Global Utility scale development business and then as General Manager of the North America division. Mr. Keel led numerous transactions including an $800 million JV with Dominion, a $500 million equity warehouse facility with JP Morgan Asset Management, and construction loans, term loans, and tax equity investments well in excess of $1 billion with counterparties including Berkshire Hathaway Energy, US Bank, and Citigroup.
At First Wind, Mr. Keel was the SVP of Finance and Treasurer, where he was responsible for finance, accounting, treasury, planning, and investor relations. Mr. Keel led the successful negotiation of over $5 billion in total financings across the capital structure, including First Wind’s Northeast Joint Venture with Emera, a first ever tax equity investment by CIRI, and a prepay PPA with LADWP/SCPPA.
Previously, Mr. Keel held a variety of roles in the energy field including engineering, commercial, finance, and management positions. He structured debt and equity transactions related to power generation and pipeline assets with GE Energy Financial Services, held commercial roles with GE Power Systems and GE Wind Energy, and completed GE’s Junior Officer Leadership Program.
Prior to GE, Mr. Keel served as a U.S. Coast Guard Officer where he operated and maintained a gas turbine propulsion plant aboard the U.S. Coast Guard Cutter Dallas and served as a White House Military Social Aide.
Mr. Keel holds a Bachelor of Science in Civil Engineering with Honors from the United States Coast Guard Academy and a Master of Arts in Liberal Studies, Public Policy from Georgetown University.
Co-Founder Longroad Energy Partners and CIO
Areas of Responsibility: Financing, M&A, Development
As Chief Investment Officer, Mr. Spiliotis is responsible for managing all of Longroad’s M&A and capital investment activities.
Prior to co-founding Longroad, Mr. Spiliotis served as the Vice President of Strategy and M&A at SunEdison, where he led M&A, partnerships and strategic initiatives in support of the global utility-scale development platform. His work at SunEdison included leading the acquisition of more than 2 GW of operating and development stage renewable energy assets as well as various capital raising activities.
Previously, Mr. Spiliotis was Vice President, Corporate Development and Project Finance at First Wind, an independent renewable energy company focused on the development, financing, construction, ownership and operation of utility-scale power projects in the United States.
In this role, Mr. Spiliotis led First Wind's corporate and project financing efforts as well as the company's long term strategic planning. While at First Wind, Mr. Spiliotis executed transactions totaling more than $7 billion including corporate debt and equity, project construction and term debt, and structured tax equity and lease transactions.
Prior to joining First Wind, Mr. Spiliotis worked in a variety of roles in institutional asset management and services at State Street Corporation.
Mr. Spiliotis holds a Bachelor of Arts in Philosophy from Hamilton College.