Gaurav Raniwala will replace Kevin Walsh early next year as global renewable energy leader at GE Energy Financial Services (EFS), a major investor in renewables projects in the US and around the world.

Raniwala’s most recent position was business partner at GE EFS, where his work included financing deals for projects using equipment supplied by GE Renewable Energy.

A 36-year GE veteran, Walsh founded EFS’s renewables unit in 2006, and has since led it through more than $15bn of renewables investments globally.