Ceraphi Energy

Increasing investment interest in geothermal leads CeraPhi Energy to strengthen its advisory board 26 April 2021 Ashima Goyal

Increasing Investment Interest In Geothermal Leads CeraPhi Energy To Strengthen Its Advisory Board

26 April 2021

Geothermal delivery company CeraPhi Energy has reinforced its advisory board’s renewable energy finance and funding expertise by bringing in a senior renewables finance executive.

Rising interest in investing in large-scale geothermal energy projects as an “anywhere and scalable plug and play solution” has prompted the business to bring in Sital Joshi, CEO of of Boustead Renewables BRL.

Joshi brings 20 years’ experience of renewable energy infrastructure finance advisory and funding services and renewable energy project finance.

As well as energy infrastructure experience, he has advised on rail, education, central government projects and other sector projects ranging from £5million to £6billion transactions.

Karl Farrow, CEO of CeraPhi Energy, based in Great Yarmouth with offices in London and Houston, said: “ Josh brings a wide experience of project risk management, banking and funding. We have looked at a number of geothermal opportunities together already, so he is already an integral piece of our strategic jigsaw.

“I am sure Josh will play an instrumental role in the day to day strategic growth of the business.”

Joshi said: “Having been in the investment sector for over 20 years and having focused on renewables for a number of them now, Investment interest in Geothermal is certainly increasing its baseload offering and now with companies like CeraPhi increasing the ability to make geothermal an anywhere and scalable plug and play solution its great to be able to be part of their Advisory Board.

BRL is headquartered in London, England, with associate offices in USA, Africa and Mauritius through its association with Boustead Asset Management, has deep sector knowledge in the tenewables sector, with long-standing experience in investment banking, fund management, research, institutional investing and public sector consulting. It operates in markets including solar PV, onshore wind, geothermal, WTE, hydro, biomass and infrastructure-related innovation, engaging from early stage in the development cycle to consult on finance provision to help clients enter the construction phase.