Longroad Energy is a Boston, MA-headquartered renewable energy developer focused on the development and operation of wind and solar energy projects throughout North America. Longroad Energy was founded by the former executive team of First Wind Energy: Paul Gaynor (First Wind co-founder and CEO), Michael Alvarez, Peter Keel, and Charles Spiliotis. In 2015, First Wind was sold to a strategic investor for $2.4 billion.
The Longroad team has a consistent track record of successfully financing wind and solar projects, with several company principals and key employees focusing on sourcing construction and long-term capital for the projects, including debt and tax equity. The following provides a summary of the team’s collective track record since 2008:
In October 2016, Longroad secured a significant investment from the New Zealand Superannuation Fund, a sovereign wealth fund, and Infratil Limited, a publicly traded energy and infrastructure investment company. These investors have deep experience in the renewable energy sector, a long-term horizon, and flexibility, providing Longroad with a competitive advantage in the growing U.S. renewables market.
In addition to developing, financing, and constructing renewable energy projects, Longroad provides operations and asset management services to wind and solar projects across the US. Longroad has the ability to be the long-term operator and asset manager for the projects it develops or on behalf of third party owners.
Our vision is to create lasting value for our shareholders, communities, and employees by responsibly developing and operating sustainable renewable energy projects.
Our values include:
Respect: Cultivate an environment that values differences and creates equal opportunity, recognition, and a sense of purpose for all. Our actions reflect respect for each other, our environment, and the communities where we operate.
Integrity: Demonstrate a commitment to honesty, trustworthiness, and ethical conduct in all we do.
Community: Engage responsibly with our communities and investors to create sustainable and locally beneficial renewable energy projects.
Excellence: Execute our goals, produce the highest quality output, and consistently deliver results while maintaining a culture where safety is our top priority.
Teamwork: Promote an inspiring and inclusive workplace that fosters open communication, collaboration, and personal growth.
The operating principles that we live and work by: