Andreas Mustad, one of Sonnedix’s co-founders, currently serves as the company’s Chief Executive Officer and is also a member of the Board of Directors. In his role, he oversees a global portfolio of projects exceeding 1,200MW of production capacity with an asset value of over €2.5 billion. His successful career spans more than 20 years in the energy and industrial sectors, with experience ranging from global executive leadership positions with accountability for all aspects of running a business, including strategy, performance, development, staffing and execution, to earlier roles in M&A and turn-around management.
Prior to joining Sonnedix, he was the country manager for AES Solar Spain, where he was responsible for originating and delivering more than $150 million in direct investments in the country, resulting in 25MW of solar photovoltaic plants. He was also in charge of the development, staffing and execution of the Spanish market strategy for the company. Before AES Solar, Andreas was the president and principal equity stakeholder in Arbortech USA, a company specializing in the manufacture of high-end precision mechanized components. While acting as COO for the company, he engineered and launched several new successful product lines, turning Arbortech into a highly profitable business.
Earlier in his career, Andreas worked for Sithe Energies Inc., an independent power producer, in New York, Beijing, Seoul and Hong Kong. At Sithe, he was responsible for, among other things, the first local bank non-recourse project financing of a $250 million cogeneration plant in South Korea. While at Sithe, he was also a director of the company’s Pakistani business and negotiated project financing for assets totaling over 800MW of predominantly coal-fired assets in China. He also served as corporate finance manager of the divestiture of Sithe Asia’s $1 billion asset portfolio.
Andreas graduated as a structural engineer from Cornell University’s School of Civil and Environmental Engineering in the US and has an MBA from IESE Business School, Spain. He is fluent in Spanish, French, English and Norwegian as well as conversant in German and Italian.