team of former Wall Street bankers have launched a financial advisory firm focused on the alternative energy and clean technology (clean-tech) sectors.

Headed by Jeffrey McDermott, former joint global head of investment banking at UBS Investment Bank, Greentech Capital Advisors will advise on project finance, mergers and acquisitions, restructurings and private placements.

“For these companies to thrive, and for America to transition to a cleaner and more energy efficient economy, there is a need for a dedicated team of experienced bankers,” McDermott said. “Alternative energy and clean-tech companies need bankers with deep industry knowledge, a wide array of product skills, and relationships with large industrial, power and utility companies who are the ultimate customers, strategic partners and consolidators for these companies.”

McDermott is joined at the New York City-based firm by former members of Morgan Stanley, Goldman Sachs and Citi, among others. These include Robert Schultz as COO, a former managing director at Morgan Stanley Fund Services; Timothy Vincent, formerly a managing director at Goldman Sachs and BNP Paribas; and Craig Wellen, formerly a senior banker at Citi.

Richard Kauffman, CEO of renewable energy and energy efficiency industry investor Good Energies, said: “After many years, the renewable energy sector is finally growing up. The sector needs capital and good advice.” (link)