Enrico Ambrosini has been appointed as global head of origination at UK-headquarted solar company, Solarcentury. He will lead the company's energy management and power offtake agreements, developing trading and hedging strategies.
Frans van den Heuvel, CEO of Solarcentury said he was confident that Ambrosini’s experience would enhance the team, “enabling us to manage and maximise the opportunities presented by long-term ownership of generating assets.”
“The appointment of Enrico is a significant milestone for Solarcentury as we increase our asset ownership on a global scale and accelerate our development of international subsidy-free, utility scale solar projects, which will play a vital role in the future global energy mix.”
Ambrosini previously worked at global commodities trader, TrailStone. He has worked in trading for over 15 years for companies including Deutsche Bank, Noble Group and EDF Trading.
Ambrosini said: “As the cost of solar and storage has plummeted, the opportunity for subsidy-free solar has grown exponentially. It is now widely predicted that solar will become the dominant energy source globally by 2030.
“The sector is rapidly moving away from dependence on long-term government subsidies – and therefore this is the right time to develop the capability to manage long-term solar and storage assets on the open market to reduce global carbon emissions.”
Solarcentury, founded in 1998, now operates across four continents, with a pipeline of 5GW. The company achieved “record financial results” for the year ending 31 March 2019, seeing a 60% surge in earnings, which it in part attributed to developments in Spain, the Netherlands, France and other international markets.
Solarcentury's pipeline includes a number of high profile projects in the UK, including Blackfriars Bridge, Glastonbury Festival and partnerships with IKEA and the Mayor of London.