Energy market expert tapped as Vivint Solar’s new EVP
PROVO, Utah—Thomas Plagemann has joined Vivint Solar as executive vice president and head of capital markets, the company recently announced. Vivint Solar is a division of home automation/home security provider Vivint. Plagemann formerly was managing director of Santander Global Banking & Markets.
With 20 years experience in energy and infrastructure financing and investments, Plagemann will develop Vivint Solar’s tax equity and capital markets fundraising, leading financing beyond its current third-party financing structures, the company said.
“I am thrilled to lead the financing strategy in this promising, high-growth segment of the renewable sector for an organization with an impressive track record of success,” Plagemann said in a prepared statement.
Vivint Solar bills itself as the nation’s second largest residential solar installer, and currently operates in California, Hawaii, Maryland, Massachusetts, New Jersey, New York and Washington, D.C.
“We welcome Thomas to our team and are confident in his energy market expertise to expand out financing strategies which are critical to our growth,” said Greg Butterfield, Vivint Solar CEO, in a prepared statement.