Renewable Energy Developer of Utility-scale Wind and Solar Power Plants
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About Us

Our experience led us here, our passion drives us forward

Our Story

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:

 

  • Completed development and closed financing for 33 projects with approximately 3,300 MW of nameplate capacity, including four high-voltage transmission lines.
  • Raised over $11 billion of capital, including project finance debt, tax equity, corporate debt, partnerships, and sponsor equity (with notable financing transactions closed during the global financial crisis).
  • In 2015 post acquisition of First Wind, raised over $4 billion of capital

 

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

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:

 

  • Protect the health and safety of our employees and our environment
  • Create renewable energy solutions that add value to our stakeholders
  • Attract, retain, and develop the best talent in the industry
  • Communicate with transparency, honesty, and respectful candor
  • Make and honor well thought out commitments
  • Produce the best quality work product in the industry
  • Operate to highest standards of corporate governance and ethical behavior
renewable energy developer

Meet the Team

renewable energy developer
Paul Gaynor
CEO

As Chief Executive Officer, Paul is responsible for the overall management and strategic direction of Longroad.  Prior to co-founding Longroad, Paul served as CEO of First Wind, which he founded in 2004.  Paul has also held various roles within Noble Power Systems, Singapore Power, PSG International, GE Capital, and GE Power Systems.

renewable energy developer
Michael Alvarez
COO

As Chief Operating Officer, Michael is responsible for managing Longroad’s operations, asset management, construction, HR, IT and facilities activities.  Prior to co-founding Longroad, Michael served as President and CFO of First Wind, which he joined in 2006.  Michael has also served as Vice President of Strategy at EIX, a utility holding company, as well as President of energy project developer, Kenetech Energy Systems.

renewable energy developer
Peter Keel
CFO

As Chief Financial Officer, Pete is responsible for managing Longroad’s finance-related activities.  Prior to co-founding Longroad, Pete served as Treasurer at First Wind, which he joined in 2006.  He has also held commercial and finance roles within GE’s various energy divisions and served as an Officer and Engineer in the U.S. Coast Guard.

Charles Spiliotis
CIO

As Chief Investment Officer, Charles is responsible for managing Longroad’s M&A and capital investment activities. Prior to co-founding Longroad, Charles served as Vice President, Corporate Development and Project Finance at First Wind, which he joined in 2007. Previously, he worked in a variety of roles spanning institutional asset management and services at State Street Corporation.

Investors

Infratil

Infratil is an owner and operator of businesses in the energy (mainly renewable), transport, data centres and social infrastructure sectors.  Its energy operations are predominantly through Trustpower in Australia and New Zealand.  Infratil is listed on both the New Zealand and Australian Stock Exchanges (IFT.NZ, IFZ.AX) and currently owns assets in excess of NZ$6.5 billion, visit www.infratil.com.

New Zealand Superannuation Fund
New Zealand Superannuation Fund

The New Zealand Superannuation Fund is a NZ$30 billion sovereign wealth fund established by the New Zealand Government to partially pre-fund the future cost of universal pension payments.  A long-term, growth-oriented investor, the Fund has returned 9.7% p.a. since inception in 2003.  The Fund is managed by the Guardians of New Zealand Superannuation, a Crown entity.  The Fund is a 50:50 shareholder in RetireAustralia, alongside Infratil.  For more information, visit www.nzsuperfund.co.nz.

investors
Longroad Energy Partners

Founded in 2016 by the former founder and executive team of First Wind

  • Paul Gaynor – CEO
  • Michael Alvarez – COO
  • Pete Keel – CFO
  • Charles Spiliotis – CIO

Now that you know us, let us help you with what you’re working on. Contact us today.