Giles Clark joined National Energy in early 2018 as CIO and is a highly seasoned solar executive and value investor. Given his deep industry expertise in renewable energy, Giles advises the company on strategic planning, especially across cross-border M&A activities. As a solar entrepreneur over the past 15 years, Giles has a long track investing across differentiated markets and at various stages of the solar value chain. He has executed over $2bn of successful solar transactions, representing more than 2GWp of project rights and project assets which returned significant value for underlying investors. He founded Primrose Solar in 2013 which acquired and built 253 MWp of solar in the UK, including three of the largest ground-mounted farms in the UK at the time – these businesses were successfully sold to Bluefield, Greencoat and Equitix in 2016. Previously, Giles founded Sunray Renewables in 2006 which developed a pipeline of 1.4GWp of utility-scale solar projects across southern Europe which was acquired by Sunpower in 2010 for $277m in cash.
Giles originally trained as an accountant at Deloitte having specialized in cross-border corporate tax. He is a PPE graduate from Brasenose College, Oxford University and holds an MBA with distinction from London Business School. He sits on several boards including the Gresham House Renewable Energy VCT 2 Plc. Giles was an early evangelist of clean energy and supports and promotes the company ethos of delivering profitable renewable energy projects with a positive community impact. He is an underwater enthusiast who enjoys encountering all forms of marine life and actively scuba dives having experienced over 150 underwater challenges.
538.4 MW of renewables capacity was awarded in the recent Greek tender and the country will continue to hold tenders throughout 2023. Whilst lower than the 1 GW of renewables targeted by the country’s regulator, RAE, the figure represents 372 MW of solar PV at an average price of Euros 47.98/MWh. This panel will investigate this tender, as well as upcoming auctions and the proposed Euros 340 million grid-scale storage plan which should represent 900 MW or storage capacity.
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