Starwood Energy Group

Stephens Ranch
SEIF II Investment, Located near south of Lubbock, Texas
Starwood Solar Sault Ste. Marie
SEIF I Investment, Located in Ontario, Canada
Berlin Station
SEIF I Investment, Located in Berlin New Hampshire
Berlin Station
SEIF I Investment, Located in Berlin, New Hampshire
Hudson Project
SEIF I Investment, Located in Ridgefield, New Jersey

Team

Management Team
Professionals
Finance and Accounting and Investor Relations

The Starwood Energy team combines extensive specialized and sophisticated experience in acquiring, financing, developing and optimizing energy infrastructure assets.

Executive team is deeply experienced in energy and infrastructure investing with more than eight decades of combined experience in the power sector and approx. $7 billion in principal transactions.

Management Team

Himanshu Saxena, Chief Executive Officer

Himanshu Saxena is Chief Executive Officer of Starwood Energy and is responsible for supervision of the Firm’s investment program and strategy, as well as overall management of the Firm. Mr. Saxena sits on both the Investment Committee and the boards of portfolio companies. Mr. Saxena is also responsible for the development and management of the investment team. In addition, he maintains responsibilities for origination, structuring, execution, monitoring and exiting investments across the energy industry. Mr. Saxena has led the acquisition and development of numerous power generation and transmission projects and midstream and downstream assets in North America, with aggregate enterprise value of more than $11 billion.

Prior to joining Starwood Energy in early 2008, Mr. Saxena was an investment banker with JPMorgan’s global energy and utilities group. Before that, Mr. Saxena worked at American Electric Power, where he focused on managing financial risks in the power trading business and on optimizing a power generation portfolio. Mr. Saxena was previously a Chemical Engineer at industrial gas company Praxair, where he filed for several patents.

Mr. Saxena currently serves on the Advisory Board at Cornell University’s Program in Infrastructure Policy (CPIP), as a Board Member for the American Council on Renewable Energy (ACORE), and on the Advisory Council of Cornell Energy Systems Institute.

Mr. Saxena earned an MBA from Duke University, where he was a Fuqua Scholar, an M.S. in Chemical Engineering from Cornell University, and a Bachelor’s of Technology in Chemical Engineering from the Indian Institute of Technology (“IIT”) in Bombay, India.

Madison F. Grose, Vice Chairman, Senior Managing Director and General Counsel

Madison Grose is Vice Chairman, Senior Managing Director and Co-General Counsel of Starwood Energy Group. In addition, he serves as a Senior Managing Director and Co-General Counsel of Starwood Capital Group. In 2004, Mr. Grose led the structuring and underwriting of Starwood Energy’s first investment, Neptune, a 660 MW undersea transmission line connecting New Jersey (PJM grid) and Long Island. Mr. Grose has served as General Counsel or Co-General Counsel of Starwood Energy Group from its inception and as General Counsel or Co-General Counsel of Starwood Capital Group since 1992, as a Trustee or Director of Starwood Hotels & Resorts Worldwide (formerly NYSE: HOT, since merged with Marriott Hotels) from 1994 until 2001, and as a Director of iStar Financial (NYSE: STAR), from 1999 until 2003.

Prior to joining Starwood Capital in 1992, Mr. Grose was a Senior and Founding Partner with Pircher, Nichols & Meeks, a law firm specializing in complex real estate-related transactions.

Mr. Grose holds a B.A with distinction and highest departmental honors from Stanford University and a J.D. from UCLA School of Law, where he served as the Chief Comment Editor of the UCLA Law Review.

Professionals

Alex Daberko, Managing Director

Alex Daberko is a Managing Director of Starwood Energy Group. Since joining Starwood in 2007, he has played an active role in many of the firm’s M&A and development transactions, including conventional generation (Thermo Ft. Lupton, Starwood Power Midway, Richland-Stryker), solar (Starwood SSM), biomass (Gainesville Renewable Energy Center), and transmission (Neptune and Hudson). More recently, Mr. Daberko has led Starwood’s wind development efforts, successfully financing and constructing six projects totaling more than 1,100MW in four years. Mr. Daberko was also instrumental in the formation and financing of Compass Power in 2017.

Prior to Starwood, Mr. Daberko was a part of the Energy & Power Investment Banking team at Merrill Lynch where he specialized in commodity and commodity-linked transactions. Mr. Daberko holds an M.B.A. from Columbia University and a B.A. in Mathematics & Economics from Yale University.

Philipp Pletka, Managing Director

Philipp Pletka is a Managing Director of Starwood Energy Group and plays an active role in the firm’s investment activities. Mr. Pletka joined the firm from BlackRock’s Energy & Power private equity team where he played an active role in implementing the division’s growth strategy within BlackRock’s Real Assets direct investment platform. Prior to BlackRock, Mr. Pletka was a director at Quantum Energy Partners where his primary responsibilities included structuring and executing of capital deployments across all active funds focused in the power, midstream and upstream sectors. Mr. Pletka started his career in JPMorgan’s Natural Resources Investment Banking team. He has 17 years of experience in the energy space.

Jeffrey Delgado, Managing Director

Jeffrey Delgado is a Managing Director of Starwood Energy Group. In this role, he is responsible for the asset management and commercial optimization of Starwood’s operating assets. In addition, Mr. Delgado supports acquisition, development and construction activities. Mr. Delgado has over 28 years of experience in operations and management of power and transmission projects.

Prior to joining Starwood Energy Group in 2015, Mr. Delgado was Director of Business Management with Caithness Energy where he was responsible for asset management and operations oversight of sixteen projects totaling over $3B. Mr. Delgado began his career at Con Edison where he held various operating positions at the utility’s power generation and substation facilities, and asset management and operations responsibility for its unregulated subsidiary’s PJM assets.

Mr. Delgado holds a Bachelor of Science in Mechanical Engineering from Polytechnic University and a Master of Business Administration degree in Finance and Investments from Baruch College’s Zicklin School of Business.

Ali Amirali, Senior Vice President

Ali Amirali is a Senior Vice President of Starwood Energy Group. In this role, he is responsible for the expansion of Starwood Energy Group’s StarTrans high-voltage transmission assets, as well as for new business/project opportunities in the transmission and distribution arena in North America. He also supports the origination, development and acquisition activities associated with utility-scale power generation and storage projects.

Prior to joining Starwood Energy Group in 2010, Mr. Amirali held a variety of key technical and leadership positions at Element Power, LS Power, Calpine Corp., California Independent Systems Operator and Pacific Gas and Electric Company. He has participated in the development and interconnection of more than 5,000 megawatts of electric generation in the Western U.S. and Mexico, and has developed and managed several large transmission line projects designed to improve reliability, reduce congestion, and deliver energy from thermal and renewable resources. Mr. Amirali received a B.S. degree in electrical engineering from the Iowa State University, an M.S. in electrical engineering from University of Idaho, a Master’s of Engineering in engineering management from the University of Colorado, and an MBA from Colorado State University. He is also a licensed Professional Engineer registered in the state of California.

Anik Gandhi, Vice President

Anik Gandhi is a Vice President for Starwood Energy Group. In this role, he is responsible for principal investing and asset management within the power sector.

Prior to joining Starwood Energy in 2014, Mr. Gandhi was an Associate in Goldman Sachs’s Global Natural Resources Investment Banking group. At Goldman Mr. Gandhi focused on transactions involving regulated utilities, merchant generators, and conventional generation assets.

His responsibilities included creating and assessing operational and financial valuation models for potential merger and acquisition opportunities, analyzing potential impacts of market regulations on generation assets, developing and presenting client pitchbooks and investment marketing materials, and performing industry research and transaction due diligence.

Mr. Gandhi holds an MBA from New York University’s Stern School of Business and a Bachelor’s degree from Dartmouth College.

Cheng Chang, Vice President

Cheng Chang is a Vice President of Starwood Energy Group. In this role, he leads energy management, strategy and market analysis for Starwood’s energy portfolio. In addition, Mr. Chang supports due diligence, acquisition and development of investment opportunities.

Prior to joining Starwood Energy Group in 2017, Mr. Chang led the global commercial and development teams of Intergen where he was responsible for asset management, origination, structuring and operations oversight of eighteen gas, coal, wind, compression station and pipeline projects in Australia, Europe, Mexico and U.S. markets totaling over $4B.

Mr. Chang began his career at GDF Suez (now Engie) where he held various positions in strategic planning, M&A, finance, commercial and marketing, focusing on the deregulated power and gas markets in North America.

Mr. Chang is a graduate of Tsinghua University and Stanford University.

William Ouyang, Vice President

William Ouyang is a Vice President of Starwood Energy Group. In this role, he is responsible for principal investing and asset management in the power sector. He was actively involved in the acquisition and development of the Stephens Ranch I and II, Shannon, Horse Creek, Electra, and Northwest Ohio projects.

Prior to joining Starwood Energy in 2013, Mr. Ouyang was an Analyst in Citigroup’s Alternative Energy Finance group where he worked primarily on renewable energy transactions involving wind, solar PV, and solar CSP facilities.

Mr. Ouyang holds a B.S. in Economics, Statistics, and Business Administration from Carnegie Mellon University.

David Siegel, Vice President

David Siegel is a Vice President of Starwood Energy Group. In this role, he is responsible for principal investing and asset management in the power sector.

Prior to joining Starwood in June 2019, Mr. Siegel was a Vice President of Beowulf Energy, where he focused on opportunistic operational and distressed power investments. His responsibilities also included asset management functions, such as portfolio financings, asset redevelopment and power/capacity optimization.

Mr. Siegel holds a B.S., cum laude, with a concentration of Financial Analysis Honors from the State University of New York at Albany.

Lela Jgerenaia, CFA, Vice President

Lela Jgerenaia is a Vice President of Starwood Energy and is responsible for principal investing and asset management in the power sector.

Prior to joining Starwood Energy in 2018,
Ms. Jgerenaia was a Senior Analyst at GE Capital’s Energy Financial Services group where she worked on thermal, renewable and energy storage transactions. Her responsibilities included

managing a portfolio of assets, supporting asset sale processes and conducting due diligence on potential investment opportunities. Prior to
GE, Ms. Jgerenaia worked at Bloomberg New Energy Finance as a
North America Power Market Analyst.

Ms. Jgerenaia holds an M.A. in International Economics with a concentration in Finance and Energy from Johns Hopkins University, and a B.A. in International Relations in Political Science from Wellesley College.

Finance and Accounting and Investor Relations

David Arbia, Chief Financial Officer

David Arbia is the CFO of Starwood Energy Group. In this role, he is mainly responsible for financial reporting to investors, tax compliance, cash management, tax structuring for investments, and fundraising.

Prior to joining Starwood Energy in 2013, Mr. Arbia served as the Controller of Credit Suisse USA subsidiary Asset Management Finance LLC, where he oversaw an investment portfolio consisting of $700 million in assets. Before that, Mr. Arbia was an Audit Manager in the financial services division at Deloitte & Touche LLP.

Mr. Arbia received a B.S. degree with honors in accounting and finance from the State University of New York at New Paltz, where he graduated magna cum laude. He is also a Certified Public Accountant.

Olga Bruce, Investor Relations

Olga Bruce is responsible for investor relations, marketing, fundraising and public relations activities at Starwood Energy. Mrs. Bruce has over five years of experience in investor relations in Private Equity.

Prior to joining Starwood Energy in 2005, Mrs. Bruce worked in The Quantitative Analysis Group at Citigroup Asset Management. Mrs. Bruce holds a B.S. in Business Management from Albertus Magnus College and an MBA in Business Administration from Colorado State University.