David Flory Joins Avantus as CFO for Energy Growth

Avantus, a premier U.S. utility-scale solar and storage developer, has announced the appointment of David Flory as Chief Financial Officer to lead the company in its next stage of financial and operational growth. This key milestone comes as Avantus transitions from development to owning and operating assets. 

David Flory has nearly 30 years of experience in energy finance with over $10 billion in project financing, looking for global opportunities. Before Avantus, he was Executive Vice President and Global Head of Project Finance at Sonnedix. Flory also held senior and executive-level project finance positions at AES Corporation and Silver Ridge Power. His significant experience in corporate finance and project finance, private equity, and Mergers & Acquisitions will be integral to Avantus becoming a stronger competitor in the renewable energy market.

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The CEO of the company, Cliff Graham, stated, “As we evolve from a pure developer of solar and storage to a project owner and operator, we are lucky to have an experienced and dedicated practitioner like David guiding our journey. David brings a depth of expertise across all aspects of corporate and project financing that will prove invaluable to our next phase of growth.” 

Flory’s appointment also fits with Avantus’ overall growth momentum. The company recently completed a majority equity deal with Kohlberg Kravis Roberts & Co. (KKR) and appointed Cliff Graham as its CEO and Venkatesh Inti as its Chief Development Officer. Avantus is one of the largest clean energy firms in the country, with 30 GW of solar and 94 GWh of storage projects in the pipeline, particularly across California and the Southwest.