SolarCity, the U.S. solar provider, recently announced the appointment of Marco Krapels as Senior Vice President of Structured Finance and Strategy. Krapels will report to Chief Financial Officer Brad Buss and oversee the company’s project financing division.
Krapels joins SolarCity from Pegasus Capital Advisors, where he was a partner. Prior to that, he was an Executive Vice President with Rabobank, managing various divisions over his 18-year career with the multinational banking and financial services company, a global leader in food, agriculture and sustainability-oriented banking.
“Marco’s vast experience in commercial and project financing—particularly within the renewable energy field—in addition to his management expertise and personal passion for sustainability make him a perfect fit for this position. He will be a tremendous asset as SolarCity embarks upon its next stage of growth.”
From 2004-2007, Krapels managed Rabobank’s European Corporate Debt Capital Markets and derivative sales groups. From 2007-2013, he led Rabobank N.A.’s capital markets, specialty finance areas, and renewable energy finance division in California. The latter included a number of transactions with SolarCity to finance residential and commercial solar projects.
During Krapels’ tenure, Rabobank also partnered with SolarCity to create the world’s first solar-power enhanced, fast-charge electric car charging corridor from Los Angeles to San Francisco, with EV chargers and solar power systems co-located at Rabobank branch locations.
“We have pioneered many things together and share a rich history,” said Krapels. “I look forward to partnering with SolarCity’s executive team as we pursue growth opportunities.”
Krapels has closed over $10 billion of debt transactions in his career. At Rabobank N.A., he further served as a member of the bank’s credit committee and its balance sheet risk management committee. He also co-chaired Rabobank’s corporate social responsibility committee. He is a board member of two renewable energy focused non-profit foundations, The Solutions Project and Empowered by Light.