BluEarth Renewables Announces New Leadership with Arun Banskota as President and CEO
CALGARY, Alberta – In a significant leadership transition, BluEarth Renewables has officially appointed Arun Banskota as its new President and Chief Executive Officer, effective February 2, 2026. The announcement marks a strategic move for the independent power producer as it continues to expand its renewable energy portfolio across North America.
Experienced Executive Takes the Helm
Mr. Banskota brings an impressive three decades of executive experience in the energy and infrastructure sectors, having worked extensively in both Canada and the United States. His career is characterized by a proven ability to lead large, complex organizations with a focus on performance, disciplined execution, and long-term value creation.
"I am proud to join the talented team at BluEarth Renewables and look forward to connecting with our employees, partners and stakeholders," said Arun Banskota in a statement. "BluEarth is a premier Canadian and U.S. independent power producer and we will leverage this position to execute our strategy – advancing new development and delivering operational excellence."
Notable Career Background
Most recently, Banskota served as President and CEO of Algonquin Power & Utilities Corp, where he demonstrated significant leadership in the utilities sector. His diverse background also includes:
- Vice President of Data Center Global Services at Amazon
- Various senior executive positions at NRG Energy Inc.
- Advanced education including an MBA from the University of Chicago
- A Master of Arts in Development Economics and International Management from the University of Denver
Strategic Positioning for Future Growth
Rick Brouwer, Chairman of the BluEarth Board of Directors, expressed confidence in the appointment, stating: "BluEarth has established a strong and resilient business over the last 15 years. With experienced leadership in place and Arun joining the team, BluEarth is well positioned to advance its strategic priorities."
The leadership transition also involves Shaun Wrubell, who served as interim President and CEO, moving into the role of Chief Legal Officer. The company's shareholder CVC DIF and the Board of Directors acknowledged Wrubell's leadership during the transition period and his ongoing commitment to BluEarth.
About BluEarth Renewables
BluEarth Renewables operates as a leading independent power producer specializing in renewable energy development across North America. The company's current portfolio includes:
- Over 750 MWAC (gross) in operation, under construction, or with power purchase agreements
- More than 7 GW of high-quality development projects actively being advanced
- Third-party operating support for over 300 MW of wind and solar facilities
The company focuses on acquiring, developing, building, owning, and operating wind, hydro, solar, and storage facilities, positioning itself as a significant player in North America's transition to cleaner energy sources.
