[June 30, 2022, New York, New York]- Greenwood Sustainable Infrastructure (GSI) has promoted Joseph Sacks to Chief Financial Officer (CFO), effective June 2022. Joe has a long-standing career with GSI, having been one of the original team members when the company was founded in 2010. He rejoined the GSI a decade later to help promote the growth of their energy infrastructure investments and assets – and to identify and invest in innovative, diverse sustainable infrastructure projects in North America.
Joe has proven experience in financing and investing, having served in a number of principal roles, including direct equity investments as well as bank and non-bank lending within the middle market and project finance spaces. In his role as CFO Joe’s focus will be on continuing the GSI’s commercial growth in the energy sector, managing risk and investment strategies, as well as a new remit of overseeing the company’s financial health as he looks to build robust internal financial and operational processes.
Mazen Turk, CEO of GSI says: “Joe is a tremendous asset to GSI and his promotion is thoroughly well-deserved. He has worked tirelessly as a founding team player, and will play an integral part of our growth right across the renewable energy spectrum. Having someone as resilient and formidable as he is, will prove invaluable in his role as CFO. ”
Joe Sacks, CFO of GSI, says: “This is an exciting phase of growth for GSI and I am eager to rise to the challenges and maximise the opportunities which lie ahead. The strength and scalability of our investment, development, operation and financing of both distributed generation and utility-scale solar energy projects across North America is central to that growth. I look forward to working with the team to continue the on the growth trajectory which will enable us to meet our ambitious growth and sustainability goals.”
GSI, one of Libra Group’s renewable energy subsidiaries, is a New York-based renewable energy operator and investor with interest in developing solar and storage facilities across the United States. As of January 2022, the GSI has developed approximately 200 MW in 32 renewable energy projects, many of which are still owned and operated by GSI. GSI recently closed the acquisition of 233 MW of utility scale solar developments with more in the pipeline.
Libra Group’s four clean energy subsidiaries will soon reach the one-gigawatts mark in the development of renewable energy projects, including solar, wind, and waste-to-energy. This includes more than 220 projects owned, currently under development, or previously developed in six countries.
About Greenwood Sustainable Infrastructure
Greenwood Sustainable Infrastructure (GSI) (www.greenwoodinfra.com) is one of the clean energy subsidiaries of Libra Group. GSI is a renewable energy company focused on the development, construction and operation of distributed generation and utility-scale solar energy and battery storage projects in North America. As of March 2023, the company developed approximately 178 MW across 43 renewable energy projects, many of which are still owned or operated by GSI, and has an additional project pipeline of 1.6 GW. GSI’s seasoned team also has a proven track-record investing in power assets and partnering with multiple top-tiered investors.
About Libra Group
Libra Group (www.libra.com) is a privately owned, global business group that encompasses 30 operating entities: 20 businesses predominately focused on aviation, renewable energy, maritime, real estate, hospitality, and diversified investments, and 10 social initiatives. With assets and operations in nearly 60 countries, the Group applies the strength of its global network and capabilities to deliver cross-sector insights and growth at scale, while mitigating risk. Today, Libra’s Social Responsibility Programs include 10 social initiatives created to address unmet needs and grantmaking that helps people worldwide.