PEHUB announces Tangent’s new management team member — Charles Costenbader. An expert in project finance, Costenbader joins Tangent as VP of Corporate Development.
Costenbader will be responsible for finding, negotiating and closing on project financing for Tangent, which lowers commercial and industrial (C&I) energy prices by combining on-site clean generation assets with efficiency technologies to save customers 10 percent to 20 percent in energy costs.
“Charles deep expertise in project finance, along with his extensive network in the energy and finance industries, will help drive growth for Tangent throughout the region and the country,” said Dean Musser, President and CEO of Tangent. “He will be a key addition to our team.”
Prior to joining Tangent, Costenbader was an Associate Director with Macquarie Energy LLC in Houston, Texas, where he primarily sourced power and gas storage assets for investment and commodity trading opportunities.”
…Costenbader was instrumental in Macquarie Energy LLC sourcing and closing a recent $41 million deal with Lincoln Renewable Energy to develop the 10 megawatt New Jersey Oak Solar project. As part of the transaction team, Costenbader negotiated the documents providing the construction and term financing, along with off-take support using a pre-pay structure.
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