With the recent hire of Steven Cowan as its new Chief Investment Officer, the Maryland Clean Energy Center (MCEC) team includes a seasoned executive skilled in facilitating access to capital and structured financing for energy projects.
Mr. Cowan is a veteran corporate finance professional with over 20 years of work in the energy and renewables sectors. He has executed over 80 debt, equity, and M&A transactions globally valued at more than $15 billion. His expertise in originating, structuring, managing, and executing complex transactions will assist MCEC in developing new and innovative financing solutions, sourcing capital through leveraged and direct investment, and operating existing financing programs targeted to serve various consumer audiences.
Mr. Cowan has worked previously in the energy groups of Jefferies, Deutsche Bank, Canaccord Genuity Inc., and Clarksons Platou plc, among others. More recently, he served as the Chief Financial Officer of Global Energy Solutions, Inc. and Global Environmental Solutions, Inc. Mr. Cowan earned an MBA in Accounting and Finance from the Booth School of Business at the University of Chicago and a BBA in Accounting from the University of Texas at Austin.
MCEC serves as a statewide green bank and has leveraged over $100M in private capital to address its mission to transform the energy economy in the State of Maryland by increasing clean energy jobs, technical innovations, entrepreneurial businesses, and consumer adoption of clean energy products and services. Cowan will oversee the Maryland Clean Energy Capital Program (MCAP) using the bond issuance authority of the instrumentality, as well as programs that offer Property Assessed Clean Energy (PACE) financing for commercial property owners, and the Clean Energy Advantage program which will offer access to loans for homeowners in the state.
Contact MCEC for more information about our financing programs and technical support and procurement services for consumers seeking to develop, build, finance, own and operate clean energy and energy efficiency systems, infrastructure, and technologies.