Our Team

George Sorenson | Partner, Chairman and Member of Investment Committee

Mr. Sorenson is a co-founder and Chairman of FE. Mr. Sorenson has devoted the past 21 years to originating, structuring, negotiating and executing direct equity investments in electric, gas, water, and telecommunications utilities in the emerging markets throughout Asia, Central and Eastern Europe, and Latin America. Prior to founding FE, Mr. Sorenson was co-founder and chairman of FondElec Group, Inc., a private equity firm specializing in Latin American utility investments. In his role at FondElec Group and then FE, Mr. Sorenson led the formation and management of four investment funds totaling more than $246 million. Prior to co-founding FondElec Group in 1992, Mr. Sorenson spent more than eight years based in Asia as First Vice President and regional head of high yield finance and capital markets product origination and placement for Drexel Burnham Lambert. He also served in a similar capacity as a Director at Bear Stearns. While at Drexel Mr. Sorenson was involved in structuring financing for Japanese investors for Midland Cogen Ventures, a gas fired conversion of a newly built but not operated nuclear power plant in Midland Michigan. Midland Cogen was the largest co-generation facility built in the United States up to that time. Mr. Sorenson also coordinated the origination and structuring of floating rate note and yen based bond offerings for Coastal Corporation, RJR Nabisco, Enron, and MCI Corporation to name a few.

Mr. Sorenson currently serves as a member of the Board of Director’s of Sanchuan Energy Development Co. Ltd., a hydroelectric business with more than 350 MW of operating hydroelectric plants in southwestern China, Eagle Valley Clean Energy LLC, an 11.5 MW biomass plant in Colorado, and Swasti Power Engineering Limited, a hydroelectric business located in India. He has also served on the Board of Directors of Elektrocieplownia Gorlice Spolka Z.o.o., a combined heating and power facility that furnishes steam for the municipality of Gorlice, Poland, Ambuthirtha Power Private Limited, a hydroelectric company located in Bangalore India, San Carlos Bioenergy, an ethanol producer in the Philippines, Empresas de Entre Rios, an electric distribution company located in the province of Entre Rios in Argentina and Lightning Dock Geothermal in New Mexico.

In his role as a founding partner of FondElec Group Mr. Sorenson led transactions to purchase electric utilities in Peru, Argentina, Brazil, Bolivia and Chile. He has structured other energy investments including the formation of investment partnerships to invest in Gazprom, the world's largest gas distribution company and supplier, Odessa Oblenergo, the electric distribution company in the city of Odessa, Ukraine, and in Teplarney Brno, a steam heating company located in the city of Brno, Czech Republic.

Mr. Sorenson has a B.A. degree in Finance from University of Utah, and a Masters in International Management from the American Graduate School of International Management (Thunderbird) in Glendale, Arizona. Mr. Sorenson is fluent in Japanese.

Francisco Hoyos | Partner, Vice Chairman and Member of Investment Committee

Mr. Hoyos co-founded FE in 2001 and is its Vice Chairman.He has spent the last ten years originating, structuring, and building out direct equity investments in Latin America, Eastern Europe, Asia, and the U.S., in addition to structuring and marketing the firm's partnership vehicles. He has expertise in bio-fuels, hydro power, wind power, solar power, biomass power, geothermal power, and energy efficiency. This expertise in bio-fuels (ethanol and bio-diesel) currently being commercially produced using first generation technologies extends to the requisite biomass feedstock strategies using plant oils, animal fats, or sugar and starch plants available in South America and Southeast Asia. He currently serves as a member of the Board of Director's of each of the firm's investment management companies, each of its portfolio company holding companies, and its Latin American portfolio companies, including Bioenergetica Aroeira Ltda. (Brazil), a sugar cane based ethanol business for which he was the firm's investment deal team leader in 2011.

Mr. Hoyos has considerable experience in Central and Eastern Europe including as FE's lead on the investment in EETEK Hungary, and its Croatian, Slovak, and Bulgarian affiliates, with its diversification from a company focused on energy efficiency and energy outsourcing solutions to a renewable energy project platform developing wind, biomass, and solar projects.

Mr. Hoyos also served as the firm's Chief Compliance Officer until 2011, and in this capacity developed a number of the core processes and protocols of the firm, including the FE Project Development Framework and Investment Approval Process, required for all projects and investments in the firm's deal pipeline, business plan templates for sponsors seeking equity funding from the FE managed partnership vehicles, outline templates for the FE portfolio companies' financial policies and procedures, and a template to be used by new CFOs at portfolio companies with which to prepare a diagnostic report within weeks of joining the respective portfolio company.

Prior to founding FE and serving as a Managing Director of its predecessor firm, FondElec Group Inc., Mr. Hoyos spent eighteen years in the emerging markets corporate finance and capital markets areas at Chase Manhattan Bank (then Manufacturers Hanover Trust and subsequently Chemical Bank) primarily in Latin America. He has proven managerial experience in building and leading financial advisory teams that have originated and executed pioneering debt and equity financing mandates across the capital markets continuum from trade finance syndications to equity private placements and private equity limited partnerships. In Buenos Aires, as the Deputy General Branch Manager, where he had bottom line responsibility and oversight of a staff of 120 lending, corporate finance, full service treasury, operational, and administrative professionals he originated and structured the first debt to equity swap in the local market and for the bank in Latin America. In Caracas, as Country Manager he originated, negotiated, and structured the first syndicated loan after the Latin American debt crisis, with a US$ 200 million trade finance bridge to a US$ 240 million SEC registered EXIM bundling securitization for PDVSA. Mr. Hoyos originated and advised the Andean Development Corporation (CAF) on the first Eurobond offering of US$ 100 million for Latin America's first investment grade issuer.

Upon his return to New York to Chemical Securities Inc., Mr. Hoyos was responsible for corporate finance advisory services to Utilities in the Emerging Markets Investment Banking Group where he sponsored the creation of the Latin American Energy and Electricity Fund, L.P., with the participation of Chemical Venture Partners as the Fund's first investor and Chemical Securities Inc., as financial advisor. He also designed the top to bottom US$ 150 million financing package for the consortium that acquired 60% of Edelsur in Peru, including Chemical's first placement of equity for an Emerging Markets client raising US$ 70 million from institutional investors for this privatization of a state owned electricity distribution company.

Mr. Hoyos has a B.A. from the University of Virginia and an M.B.A. from Columbia University's Graduate School of Business where he was an International Fellow. Raised in Italy and Austria, Mr. Hoyos is a native speaker of English, Spanish, and Italian, is fluent in Portuguese, and is conversational in German and French. He lives in Greenwich, Connecticut with his wife and three sons.

John Keller | Venture Partner & Managing Director

Mr. Keller is the Venture Partner & Managing Director of FE Global Clean Energy North America Initiative. Mr. Keller is also the founder, president and CEO of InventivEnergy. With more than 25 years of experience in the power generation space, Mr. Keller commands extensive knowledge in all technologies ranging from renewables to natural gas to fossil fuels. Prior to launching InventivEnergy, John served as Chief Operating Officer a $1.8 BB start-up, where he led and managed the operations of a 1,800 MW portfolio of single cycle, combined cycle, and hydro facilities.

From 2004, Mr. Keller was President of JR Keller, Inc., an energy sector consulting firm focused on the asset management and development of power generation facilities. Mr. Keller started JR Keller, Inc. in 2004 with the primary intent of providing asset management and development services focused on renewable energy, specifically wind power. Since starting JR Keller, Inc., Mr. Keller provided asset management and development services overseeing 23 US windpower projects, with over 4,000 turbines and 815 MW. He also completed the development and transition to operations of two major wind power projects totaling 170 MW. Mr. Keller was contracted by a large multinational company to oversee their partnership interests (over $500MM) and provide asset management services for a large portfolio (almost 4,000 MW) of conventional US power generation projects.

From 1999 to 2004, Mr. Keller held various executive positions at Enron Corp, including Director, Power Operations for Central America and Caribbean Regions, Vice President, Engineering and Construction for Enron Gas Pipelines, Vice President, Operations for Enron Gas Pipelines and Chief Operating Officer of Enron Wind. There, Mr. Keller led a number of high performing organizations with very successful accomplishments including: completion of the first combined cycle power plant in Central America (Panama), installation and operation of large diesel plants in Nicaragua and Guatemala and the turnaround of a troubled combined cycle facility in the Dominican Republic. Mr. Keller led an organization of over 150 people in the completion of engineering and construction projects of $100MM+ on 25,000 miles of natural gas pipelines. Furthermore, Mr. Keller also oversaw the day-to-day operations and asset management of one of the world’s largest wind energy companies with over 25 operating projects and 3,000 wind turbines totaling 650 MW.

Mr. Keller completed the leadership program at the Chief Executive Leadership Institute, Yale University, in 2001. Mr. Keller has an MBA from Rensselaer Polytechnic Institute with a focus on the management of technology, a BS in Physics from the State University of New York at Stony Brook and an AS degree from the State University of New York at Farmingdale.

Anand Prakash | Partner, Managing Director and Member of Investment Committee

Mr. Prakash is a Partner and Managing Director of our Asia investment team based in Singapore. In his decade of experience at FE, he has helped establish FE as one of the premier private equity investors in Asia in the clean energy space by identifying, developing and managing investments in India, China, Thailand, Philippines and Singapore. Mr. Prakash has led FE's efforts to invest in projects and companies valued at over $1.2 billion in this period with virtually each of them raising non-recourse loans from either domestic or international financial institutions. These investments have been in areas as diverse as hydro power, wind power, solar power, biomass power, biofuels, waste-to-energy and energy efficiency. Mr. Prakash serves as a member of the Board of Director's of each of FE's portfolio companies in Asia including Bhilwara Energy Limited (India), NSL Renewable Private Power Company Limited (India), Sanchuan Energy Development Company (China) and Impress Ethanol Co. Ltd (Thailand) to name a few. He is a regular speaker at clean energy and private equity conferences in Asia.

Mr. Prakash started his career at The Coastal Corporation as part of the core management team with the mandate to grow the power division from a local U.S. player to a diversified international power company contributing over $100 million in earnings – a goal that was achieved. During his time with the South Asia team, Mr. Prakash identified and developed several energy projects in India, Bangladesh and Sri Lanka. Mr. Prakash led the acquisition of the first IPP project in Bangladesh – the Khulna Power Project – and invested $77 million of Coastal’s equity in the Project. Subsequently, Mr. Prakash managed the Western Region of the United States for Coastal Power. He led the successful closing of a 300 MW power project in Denver, Colorado in which Coastal invested $114 million. Anand also managed another 500 MW power project near Colorado Springs that closed a few months after he left Coastal.

Mr. Prakash joined with other core members of the Coastal Power team to form Hart Energy International with the aim of acquiring power generating assets in Latin America. Hart Energy led a consortium of 8 companies, including Enron, raised $145 million, and successfully acquired the power generation assets of the Dominican Republic utility.

Immediately prior to FE, Anand worked at Sithe Energies Inc. as a Vice President responsible for project development and finance in the US, Mexico and Canada. He led the divestiture of certain New York assets of Sithe, as part of Sithe’s acquisition by Exelon Corporation and the development of large power projects in Mexico and Canada.

Anand has a very distinguished academic career. He has a Bachelor’s degree in Mathematics from St. Stephen’s College in New Delhi, India where he graduated with First Class Honors. Anand obtained one of only four Cambridge Nehru Scholarships to study for the Economics Tripos degree at St. John’s College, Cambridge University, England finishing in the top 1 percent of the University. Anand also obtained a tuition waiver to study a Master’s in Public Administration from Cornell University, where again he graduated at the top of his class. Mr. Prakash is a native speaker of Hindi and English.

Christian Bjoel | Venture Partner & Director

Mr. Bjoel is the Venture Partner & Director of FE Global Clean Energy North America Initiative. Mr. Bjoel is also the Chief Development Officer for InventivEnergy where he leads the business development efforts. Mr. Bjoel has more than 7 years of experience in the development of renewable energy plants. Before joining InventivEnergy, Mr. Bjoel served as Country Manager for Italy and Sweden at European Energy A/S, a Danish developer/IPP, and has as such been managing portfolios of more than 1,000 MW of wind projects and more than 120 MW of solar PV projects. While at European Energy, Mr. Bjoel also oversaw the project management group working in the Swedish and Italian markets while simultaneously applying valuable insight in all facets of project finance, M&A and analysis.

As Country Manager, Mr. Bjoel accomplishments include: successfully negotiated a 13 million EUR (16.2 million USD) EPC contract for a 4.1 MW PV plant with Iberdrola Ingeniería y Construcciòn, a world leader in renewable energy construction. He closed the financing for the given project with three major European leasing companies and was also deeply instrumental in the subsequent sale of the plant to a Danish utility. Mr. Bjoel also led and completed the partial sale of a portfolio of 34 MW wind projects to a Nothern Italian multi-utility, negotiating the PPA terms with the buyer as part of the sales process.

Mr. Bjoel holds two Master degrees; a M.S. in Economics and Business Administration from Copenhagen Business School, Denmark and a pan-European Master in International Management from the Copenhagen Business School and the Università Luigi Bocconi, Milan, Italy. Mr. Bjoel also holds a B.S. in Economics and Business Administration from Copenhagen Business School.


M.K. Balaji | Director and Member of Investment Committee

Mr. Balaji is a Director with FE’s Asia investment team in Thailand. Mr. Balaji has more than 22 years of experience in project development and operations management. Mr. Balaji has worked on several industrial cogeneration, trigeneration, and thermal systems related projects. Mr. Balaji’s technical expertise includes several renewable energy technologies related to biomass, biogas, waste-to-energy and energy efficiency. Mr. Balaji has developed and operated several projects using these technologies with tailor made solutions across a wide range of industry segments. Previously, Mr. Balaji was Managing Director at Asia Energy Concepts Co. Ltd., where he developed several clean energy projects with carbon credits generation as the prime focus. Prior to Asia Energy Concepts, Mr. Balaji was Country Manager in Thailand for Thermax Ltd., an energy and environmental solutions company wIth over $1 billion in revenues , where be built a sustainable operation for the company in Thailand. Mr. Balaji has an M.B.A. in International Business from Webster University (Bangkok Campus), and a degree in Chemical Engineering from National Institute of Technology, Rourkela, India. Mr. Balaji also has a Certificate on Solar Thermal Technologies from The Renewables Academy (Renac) in Berlin, Germany.

Jose Luis Guerrero | Director of Deal Monitoring Group and Member of Investment Committee

Mr. Guerrero is Director of FE’s Deal Monitoring Group based in our Darien, Connecticut office. As head of the Deal Monitoring Group, Mr. Guerrero is responsible for monitoring activities, including analysis, performance follow-up and valuations, of existing investments in all investment funds across the markets and regions where FE has interests. Mr. Guerrero has more than 20 years of experience in corporate finance of downstream oil industries/manufacturing companies and project development experience in private equity firms. Mr. Guerrero also has extensive experience in the analysis and evaluation of energy projects in Emerging Markets, as well as operational and development project exposure to deals in Asia, Eastern Europe and Latin America. Previously, Mr. Guerrero spent 7 years in the corporate finance, forecasting and accounting divisions of manufacturing and oil companies. From 1995 to 1998, during the liberalization of the marketing and refining activities in the Ecuadorian oil sector, Mr. Guerrero was Treasurer of all Mobil Oil Corp. affiliates in Ecuador. Mr. Guerrero completed his B.S. in Business (Licenciado en Administracion) and holds a Commerical Engineering Degree from the Pontificia Universidad Católica del Ecuador. Mr. Guerrero is a native Spanish speaker, is fluent in English and conversational in Portuguese.

Niraj Chhajer | Director

Mr. Chhajer is based in Singapore with FE’s Asia investment team. Mr. Chhajer has more than 7 years of experience in private equity investing and has closed deals totaling more than $320 million. Previously, Mr. Chhajer was Assistant Vice President at Wachovia Bank in India where he was responsible for investing money in structured debt and equity instruments in infrastructure sectors such as power, roads, ports and airports. Prior to Wachovia Bank, Mr. Chhajer worked as Investment Banker at Axis Bank where he raised private equity financing for various unlisted and listed companies in India. Mr. Chhajer was also an audit clerk for 3 years as part of his training for the Chartered Accountant designation in India. Mr. Chhajer stood at all India 26th rank in his Chartered Accountant examination. Mr. Chhajer has a Master’s Degree in Commerce from Gujarat University and a Bachelor’s Degree from the H.L. Institute of Commerce in India. Mr. Chhajer achieved University rank holder status at both the graduate and postgraduate levels. Mr. Chhajer is a native Hindi speaker and is fluent in English.

Samrat Bose | Vice President

Mr. Bose is based in Thailand with FE’s Asia Investment Team. Mr. Bose has more than 18 years of experience in various engineering disciplines such as project design, development and management of renewable energy projects. Previously, Mr. Bose spent more than 14 years with Praj Industries Ltd., a biofuels technology and project engineering company. At Praj Industries, Mr. Bose was Regional Head of Business of South East Asia based in Thailand where he gained significant project development experience in challenging economies. With a bachelor’s degree in Chemical Engineering from Pune, India, Mr. Bose brings to FE his significant knowledge of engineering, project implementation, feedstock management, networking, business management and vision of the Renewables markets. Mr. Bose is a native Hindi speaker and is fluent in English.

Greg Owens | Venture Partner & Vice President

Mr. Owens is the Venture Partner & Vice President of FE Global Clean Energy North America Initiative. Mr. Owens is also the Manager of Business Development for InventivEnergy. In this capacity, Mr. Owens manages essential elements of complex transactions, including the identification of targets in connection with merger and acquisition activity and strategic/financial investors in connection with project dispositions. Responsibilities also include supporting contract negotiation of a wide variety of arrangements such as purchase and sale agreements, loan agreements, debt offerings, product sale agreements, service agreements, non-disclosure agreements as well as ancillary documentation.

Prior to joining InventivEnergy, Mr. Owens headed up business development and recruitment of tenured professionals in the Sales & Marketing division at Michael Page International. Mr. Owens received certificate degrees from National Taiwan University and is a recipient of the Taiwan Ministry of Education’s Huayu (Chinese) scholarship. He earned his BA in Chinese with a concentration in Peace and Conflict Studies from College of the Holy Cross.

Iris Lin | Vice President of Deal Monitoring Group

Ms. Lin is based in our Darien, Connecticut office. Previously, Ms. Lin was an Assistant Accounting Manager with Chiawenn Corporation in Taiwan where she was responsible for corporate budgeting, tax, accounting and reporting. Prior to Chiawenn Corporation, Ms. Lin was Senior Auditor with KPMG in Taiwan where she worked as part of the engagement teams providing IPO, acquisition and audit services for over 20 clients in various industries. Ms. Lin has also worked as an intern for nLight Corporation performing acquisition due diligence and creating financial models for quarterly forecasting. Ms. Lin has an M.B.A. from University of Washington and a B.B.A. degree in Accounting from National Taiwan University. Ms. Lin is also a Certified Public Accountant in Taiwan. Ms. Lin’s native language is Mandarin and she is fluent in English.

Darice Bochniak | Controller

Ms. Bochniak is based in our Darien, Connecticut office. Ms. Bochniak manages the accounting and financial reporting for all of FE’s investment funds, holding companies, and corporate entities. Ms. Bochniak is also in charge of the annual audits and manages FE’s compliance and investor relations activities.  Ms. Bochniak was previously a Controller with Weston Capital Management, where she was in charge of fund accounting and was part of the deal structuring team and provided support for compliance and investor relations activities. Prior to Weston, Ms. Bochniak was Senior Accountant with Oak Investment Partners, where she managed all aspects of accounting for investment funds, as well as the required tax returns. Ms. Bochniak began her career in public accounting which included working at KPMG, and worked in public industry for 5 years before moving to the private sector. Ms. Bochniak has a Master’s degree in Taxation from the University of New Haven and a Bachelor’s degree in Accounting from the University of Rhode Island.

Dorian Bailey | Senior Accountant

Mr. Bailey is based in our Darien, Connecticut office. Mr. Bailey is responsible for the accounting and reporting for FE’s private equity funds and holding companies. Mr. Bailey also provides support for the funds’ annual audits and investor relations activities. Mr. Bailey was previously a Senior Portfolio Accountant with Bridgewater Associates in Westport, Connecticut. Prior to Bridgewater, Mr. Bailey was Senior Fund Accountant with FMG Funds LLC in Stamford for 5 years where he was responsible for the accounting and reporting for hedge fund and private equity assets. Prior to FMG Funds, Mr. Bailey was Staff Auditor with Royal Bank of Scotland and Tax Accountant with Chartis based in New York. Mr. Bailey has a M.B.A. in Finance from University of Bridgeport and B.B.A. in Accounting from Baruch College.

Ewa Kmiecik | Administration and Accounting

Ms. Kmiecik is in charge of Administration in our Darien, Connecticut office. Ms. Kmiecik also handles certain bookkeeping functions for FE’s corporate entities. Previously, Ms. Kmiecik provided support for the back office at Sempra Energy Trading, and has also served as a bookkeeper for a family owned company operating in the U.S. and Poland. Ms. Kmiecik has a Bachelor of Arts degree from The College of New Rochelle with a concentration in International Communications. Ms. Kmiecik is a native Polish speaker, is fluent in English and conversational in Russian.

Josephine Aw | Administration and Accounting

Ms. Aw is in charge of Administration for our Asia investment team based in Singapore. Ms. Aw also oversees the accounting, reporting, and statutory audit for our corporate subsidiary in Singapore. Previously, Ms. Aw worked as Human Resource Manager for AmaTech Singapore Pte. Ltd., and has also served as Administrator and Office Manager for Tuthill Singapore Pte. Ltd. Ms. Aw has a certificate in Management Studies from Singapore Institute of Management, and a certificate in Human Resource Management from Singapore Human Resource Institute. Ms. Aw is a native English speaker and is fluent in Cantonese and Mandarin.