Kevin Parker, who stepped down as global head of asset management at Deutsche Bank last March, has resurfaced in a senior role at US-based renewable energy investment firm Green Partners LLC.
Green Partners appears a good fit for Parker, who while at Deutsche oversaw the creation of DB Climate Change Advisors, an in-house environmental research and investment division. The division has since been disbanded, as reported by Responsible Investor last month.
On its website, Green Partners said its mission is to “invest with companies focused on renewable energy, energy efficiency and climate change and incubate and develop technologies with applications in complementary areas”.
“Our goal is to be at the forefront of the global movement reducing greenhouse gas emissions and replacing fossil fuels with alternative sources of energy,” it continues.The New York-based firm’s managing partner George Parker, understood to be Kevin Parker’s brother, could not be reached for further comment. George Parker was formerly with Aventis Capital, the venture capital and equity management division of the pharmaceutical giant sanofi-aventis.
Green Partners’ biggest project to date was helping to launch German biogas firm agri.capital in 2005. Thanks in part to subsidies, agri.capital has emerged as that country’s leading biogas firm, providing 69MW of power.
In March 2011 Alinda Capital Partners, an infrastructure investor backed by US and European pension funds, became agri.capital’s majority stakeholder. “With capital from Alinda, agri.capital is poised for tremendous growth,” said Alinda managing partner Chris Beale at the time.
Agri.capital has since entered the UK market via a partnership with BioWatt, a project developer. There, the two partners aim to establish biogas plants with a capacity of 50 MW.