Deputy Head of Investment Management

Grace
Kankindi

Investing in the infrastructure of the energy transition — across Europe, Africa, and beyond.

7 GW+ Clean energy assets
10+ Years experience
10+ Global markets
Grace Kankindi

Grace Kankindi is an investment executive operating at the intersection of capital, infrastructure, and the global energy transition. As Deputy Head of Investment at Aquila Clean Energy, she brings a decade of experience leading complex renewable energy transactions across global markets.

She has contributed to the development and investment of more than 7 GW of clean energy assets spanning solar PV, onshore wind, and battery energy storage systems (BESS). Her recent transaction leadership includes over 1.3 GW of BESS investments in Italy, alongside diversified renewable platforms across Germany, Finland, Bulgaria, Belgium, Spain, and Greece.

Beyond origination and execution, Grace focuses on portfolio optimisation, strategic divestments, capital recycling, and firm-level investment strategy — driving disciplined capital allocation and long-term value creation.

Previously, she advised public and private sector stakeholders on infrastructure investments, market growth, and strategic partnerships for the Government of Rwanda, and worked in Tax Equity Investment at Sol Systems in the United States. She holds a Master's degree from Yale University and brings a global, multilingual, and multidisciplinary perspective to energy transition investing.

Current role
Deputy Head of Investment Management, Aquila Clean Energy EMEA
Based in
Hamburg, Germany
Focus
BESS, Solar PV, Onshore Wind — European Markets
Education
M.E.M., Yale University
Career path
Rwanda · USA · Europe
Board
Alumni Association Board Member, Yale School of the Environment (2021–2025)
Speaking

Panels & Engagements

I speak on energy storage finance, merchant vs. tolling models, European market development, the bankability of BESS projects, and the convergence of AI infrastructure and energy.

Sep 2026
Berlin
Energy Storage Summit Germany — Day 1 Keynote Panel
Bankable German BESS Projects
Upcoming
1 Jul 2026
Milan
How to Secure Equity and Debt for Solar, Wind and BESS Projects in Italy
RENMAD Invest Italia 2026 — Aquila Capital
Upcoming
22 Jun 2026
Munich
Energy Storage as an Investable Asset Class: Risk Assessment, IRR Structures and Project-Specific Investment Strategies
4th Solar Energy Storage Future Germany 2026 — with Czech Energy Storage Association, Hec Solar, Clean Horizon, Altlas Grid, Eight Advisory, RWE · Moderated by Vertex Energy GmbH · 16:30–17:15
Upcoming
11 Jun 2026
Stuttgart
How Does German Storage Deployment Differ from Other European Markets?
The Battery Show Europe / Energy Storage Europe 2026 — with Wood Mackenzie, Kyon Energy, Eku Energy · 11:50 AM
Upcoming
Mar 31 2026
Frankfurt
Banking on Risk: Financing Merchant and Tolling Models for Storage
Battery Business & Development Forum — with Santander CIB, Rabobank, Gresham House · Moderated by Pexapark
Past
Oct 2025
Berlin
Diversified Energy BESS Investments with Stable Returns
BVES Investor Summit Europe — Aquila Clean Energy
Past
Oct 2025
Berlin
Panel: Releasing a Multi-Billion Euro Business — How the Storage Industry is Shaping Energy Infrastructure Markets
BVES Investor Summit Europe — with ads-tec Energy, Elevion Group, Terra One Climate Solutions
Past
Oct 2019
New Haven
Women in Clean Energy — Career Panel
Yale School of the Environment, Kroon Hall
Past

Available for speaking engagements on BESS finance, European energy markets, and infrastructure investing.

Areas of Focus

01
BESS Investment & Development
End-to-end transaction leadership on battery energy storage systems — from origination through financial close. Experience across merchant, tolling, and hybrid revenue structures.
02
Structured Finance
Debt structuring, mini-perm facilities, project finance, and equity underwriting for clean energy infrastructure. Prior experience in US tax equity transactions.
03
European Market Development
Active in German, Italian, Spanish, Finnish, Belgian, and Lithuanian markets. Deep understanding of regulatory frameworks, grid economics, and bankability conditions.
04
Renewable Energy Transactions
Over 7 GW of clean energy assets across solar PV, onshore wind, and storage — spanning development, acquisition, due diligence, and exit.
05
AI Infrastructure & Energy
Exploring the intersection of AI-driven data centre demand and energy infrastructure. As hyperscalers require vast, reliable power, the convergence of storage, grid flexibility, and compute creates compelling new investment opportunities.
06
Global Markets
Career spanning Europe, Africa, and North America. Cross-border transaction experience with an eye for emerging market opportunity, regulatory nuance, and long-term value creation.
Germany Italy Spain Finland Belgium Bulgaria Greece
Contact

Let's Build the Future
of Energy Together

Open to speaking invitations, investment conversations, and connecting with others building the energy transition. I am also actively exploring board positions in clean energy, infrastructure, and sustainability-focused organisations.

LinkedIn Grace Kankindi → Work Email grace.kankindi@aquila-capital.com Personal Email grace.kankindi@gmail.com

With a decade of experience at the intersection of development and institutional investment — across BESS, renewable energy, and global infrastructure — Grace brings a transaction-oriented, commercially grounded perspective to board-level governance. She is actively exploring advisory and non-executive board roles in clean energy, infrastructure, and impact-driven organisations.

In the Press

Media & Coverage

ESS News · Energy Storage · Mar 31, 2026
BBDF 2026: Finance, Tolling, and Getting the Merchant Balance Right
"And early on, we went equity only. Beyond merchant risk, we have to look at what makes a project good — like a quality optimizer, for example."
— Grace Kankindi, Deputy Head of Investment Management, Aquila Clean Energy
Read Article →
Yale News · Oct 7, 2019
Yale Women in Clean Energy Defy Industry's Gender Imbalance
"I learned all the key terms and metrics in project finance of a renewable energy project which prepared me for my current job. When I applied to Sol Systems, they were impressed by my knowledge of the project finance space."
— Grace Kankindi '16 M.E.M., Yale School of the Environment
Read Article →

Publication

Research · Energy Policy
PURPA Reign: Michigan Could Grow Solar Market with New Avoided Cost Methodology
Published research on solar energy policy and avoided cost methodology in Michigan's energy market
View Publication →