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Geronimo Enters the Solar Market

  Geronimo Enters the Solar Market

          Nathan Franzen Hired to Lead Geronimo’s Solar Development

Business Wire

MINNEAPOLIS -- February 19, 2013

Geronimo Wind Energy has begun a solar power project development practice,
prompting the firm to change its name to Geronimo Energy. Geronimo has hired
Nathan Franzen as Director of Solar Development to lead the company’s foray
into the market.

Nathan Franzen, Director of Solar Development (Photo: Geronimo Energy)

Nathan Franzen, Director of Solar Development (Photo: Geronimo Energy)

“The solar market opportunity has become very clear given the tremendous cost
declines in the industry that are making solar power competitive in new
markets, such as the Midwest, where we have focused,” said Geronimo President
Blake Nixon. “Hiring Nathan to lead our efforts enables us to hit the ground
running, given his vast experience and the tremendous reputation he holds in
the solar industry.”

“I’m very excited to join such an innovative and competitive team and I look
forward to leading Geronimo’s solar development to the success that it has had
with wind,” said Mr. Franzen.

Mr. Franzen comes to Geronimo from Westwood Professional Services, where he
was the Director of Solar Energy. His experience comprises of oversight and
project management of over 100 commercial and utility-scale solar projects in
16 states, including overseeing project development, interconnection studies,
engineering, and construction services. Nathan has a Masters of Urban and
Regional Planning from the Hubert H. Humphrey School of Public Affairs in
Minneapolis and actively promotes renewable energy policy and regulatory
framework at the local and national level.

“The solar market has experienced exponential growth in the US as installed
costs continue to decline and energy markets move towards market-based pricing
structures that value the on-peak power solar provides,” said Franzen. “With
nearly 100% on-peak power production, solar is providing the marketplace with
a clean alternative to traditional peaking facilities and capacity
improvements.”

Similar to how it develops wind, Geronimo plans to develop solar projects for
commercial, industrial, and utility clients and will leverage its in-house
project development and power marketing expertise to launch its commercial and
utility-scale solar business.

About Geronimo Energy

Geronimo Energy (Geronimo), based in Edina, Minnesota, is a developer of
utility-scale wind and solar energy projects throughout the United States.
Geronimo has developed three operating wind farms, including the recently
completed 200 MW Prairie Rose Wind Farm in southwestern Minnesota. Geronimo
has a strategic partnership with Enel Green Power, the second largest producer
of renewable energy in the world, which gives it added expertise and capital
strength necessary to deliver on projects for customers and communities. For
more information about Geronimo Energy, please visit www.geronimoenergy.com.

Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20130219007111/en/

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Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50568989&lang=en

Contact:

Geronimo Energy
Tate Krosschell, 952-988-9000
tate@geronimoenergy.com
www.geronimoenergy.com
 
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