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Clifford Aron
GreenMax Capital Advisors
Professional Background
Clifford (Cliff) Aron is a renowned energy finance expert with a wealth of experience across multiple facets of management, marketing, project finance, and policy-regulatory affairs. With a career spanning nearly three decades, Cliff has developed a comprehensive understanding of the energy and environmental sector, particularly in the domains of renewable energy and energy efficiency. His expertise is reflected in his extensive work across international emerging markets primarily located in Eastern and Southeastern Europe, the West Balkans, Latin America, and Sub-Saharan Africa. Since 1994, Cliff has been actively involved in these regions, advocating for sustainable energy practices and contributing to various energy initiatives.
Currently, Cliff leads the activities of GreenMax Capital Advisors throughout Africa, where he is instrumental in promoting renewable energy solutions and finding innovative financing mechanisms. His role in this organization underscores his deep commitment to advancing sustainable energy practices, fostering economic growth, and enhancing the living conditions of underserved communities worldwide.
Education and Achievements
Cliff Aron completed his undergraduate studies in Political Science, focusing on International Relations, at Binghamton University. This educational foundation equipped him with critical analytical and strategic skills pertinent to navigating the complexities of global energy policies and international business relations. The insights gained through his education have undoubtedly played a crucial role in shaping his successful career.
In the course of his professional journey, Cliff has held several significant positions that highlight his leadership capabilities and dedication to the energy sector. As the Principal at GreenMax Capital Advisors, he is at the forefront of addressing the financial challenges related to energy projects, particularly in regions where energy poverty prevails. His previous role as an Advisory Board Member at Solar SEED reflects his dedication to promoting solar energy solutions and innovative financing methods for renewable energy projects.
Cliff also served as the President at BEI Energy, where he was responsible for guiding the strategic direction and operational efficiency of the organization, emphasizing energy development initiatives. His experience as the Director of Energy and Economic Development at the New York City Energy Office further solidifies his expertise in energy policy and economic strategy. Through these roles, he has gained considerable insight into the interplay between governmental regulations and market dynamics, allowing him to effectively advocate for sustainable energy policies.
Notably, Cliff's career reflects a strong commitment to social impact and job creation. As a former Program Manager for the National Committee for Full Employment, he worked towards advocating for policies that enhance employment opportunities within the energy sector. His involvement with various organizations, including his program management roles with Environmentalists for Full Employment and SANE, further underscores his passion for aligning environmental sustainability with economic development, making a meaningful difference in the communities he serves.
Achievements
Cliff Aron has amassed a number of noteworthy accomplishments throughout his career that underscore his role as a thought leader in energy finance. He has successfully facilitated the financing of numerous renewable energy projects across diverse geographic regions, demonstrating his ability to navigate complex regulatory frameworks and foster partnership opportunities between public and private sectors. His leadership at GreenMax Capital Advisors signifies his commitment to not only advancing clean energy initiatives but also scaling them in market environments that often face significant financial barriers.
Through his educational and professional journey, Cliff has proven to be a versatile leader adept at tackling the multifaceted challenges of the energy and environmental sectors. His work expands beyond traditional finance; he integrates innovative policy recommendations that shape the future of sustainable energy. Empowering others to embrace renewable technologies is a significant part of his ethos, and Cliff continues to inspire others with his vision for a greener, more sustainable future for all.
Highlights
Today at the US-Kenya Business Forum in Washington DC on the last day of President William S. Ruto’s historic State visit I had the enormous pleasure to meet Director of the U.S. Trade and Development Agency (USTDA), Enoh T. Ebong and key members of their Africa Region team, Heather Lanigan and Lisa Coppe . As GreenMax Capital Group celebrates our 30th year, it’s important to reflect on the partnerships that helped us get to where we are today as a leading fund manager in the Africa energy access and e-mobility space.
We have a nearly 25 year history with this small but critical and dynamic US Government Agency. Without question it is our relationship with USTDA that first allowed us to explore business opportunities in Africa. As a small clean energy finance consulting firm, USTDA funded us to undertake a series of “Definitional Missions” to Rwanda, Kenya, Tanzania and Uganda from 2005-2011 to identify energy infrastructure projects worthy of USTDA feasibility study grants. Without this experience there is no question that we would not have been able to collect the market information and build the high level public and private sector relationships that has allowed us to grow our footprint in Africa across two decades first as advisors and today as fund managers. Later as we became more established with offices and staff on the continent, we were fortunate to secure feasibility study grants to support our work with IPP and mini grid developers in Uganda, Sierra Leone, Nigeria and Zambia. Through this work we cemented our position as go-to clean energy experts in Africa that led directly to our selection in 2014 as Transaction Advisors to Kenya’s Geothermal Development Company and indirectly to our current fund manager mandates providing essential blended capital for mini grids, productive uses of clean energy and EVs with a staff of nearly 40 in Nairobi, Lome, Lagos and soon also Kinshasa.
USTDA’s success is usually measured by the volume of US exports generated by the infra projects it supports. What is often overlooked are the opportunities the agency creates for US companies to enter new markets and grow their business internationally, creating long term employment for local professionals and important development impacts. We are a good example of the latter. We will be forever grateful for the confidence and support from USTDA.
Emily Lundberg
Live at the US Chamber of Commerce in Washington DC, President William S. Ruto Vice President Kamala Harris and Ambassador Meg Whitman discuss the exciting possibilities and developments in the US-Kenya relationship.
VP Harris - “Africa is the future. By 2050 1/3 of the global workforce will reside on the African continent. It’s time to reset the US-Africa relationship from aid to investment and partnership”.
President Ruto - “Investment in technology is the key to uplifting Africa. With Kenya’s natural resources and incredible human talent we have the ability to change the narrative from Africa sitting on the sidelines to contributing to transformation of the global economy”
