Bridge Bank today announced the hiring of Michael Bachrodt as business line manager in its Renewable Resource Group based out of San Jose. As the group’s new lead, Bachrodt will be in charge of overseeing the entire Renewable Resource Group portfolio with his day-to-day responsibilities including risk management, deal selection and navigation of the group’s business strategy.
Bridge Bank’s Renewable Resource Group (RRG) offers a full complement of debt financing, advisory, and banking services to developers of renewable energy generation facilities. RRG assists clients in getting their projects ‘off the drawing board’ and on the path to installation and operations.
“Renewable resource companies face a unique set of challenges and varying degrees of complexity when it comes to project financing,” said Bachrodt. “I am proud to be a part of a group that understands these complexities and crafts customized solutions that will ultimately help our clients turn their plans into a reality.”
Prior to joining Bridge Bank, Bachrodt served as director of structured finance for SunEdison, Inc. Before its acquisition by SunEdison, Michael led the customer finance function at EchoFirst, where he coordinated with sales, channel, IT, asset management, accounting and financial planning and analysis to finance third-party owned solar systems. Michael also worked for PG&E’s Energy Procurement organization as principal of renewable transactions. He holds a bachelor’s degree in business administration from the University of Notre Dame and earned his MBA from Harvard Business School.
“As a finance professional who is passionate about clean energy, Michael is well suited to lead the Renewable Resource Group and steer the group’s future as we look to expand into additional renewable asset classes,” said Dan Pistone, senior vice president and business line director in Bridge Bank’s Technology Banking and Renewable Resource Groups. “We are confident that his versatile experience in residential, commercial/industrial and small-scale utility project finance, coupled with his strong leadership qualities, will make him a beneficial resource for current and prospective clients alike.”
