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Alternus Energy (ALT) strengthens executive team with appointment of experienced Chief Technical Officer

By April 22, 2021No Comments

Dublin, 22nd April 2021. Fast-growing pan-European independent power producer, Alternus Energy Group Plc (NOTC:ALT) (the “company” or “Alternus”), is pleased to announce the appointment of industry veteran, Mr. Gary Swan as Chief Technical Officer. Mr. Swan will join the executive management team filling a critical and strategic role for the business in supporting its goal of becoming one of the largest pan-European solar operators by 2030.

Mr. Swan is an experienced renewables senior manager and has been working in the international power and construction sectors for over 20 years, in the areas of design, construction, operation and the sale of renewable energy assets across Europe, Africa, North and South America. 

He comes from the position of acting Technical Director at BioTherm Energy Pty where since 2018 he has been responsible for the construction of several wind and solar PV projects totalling 284 MWp. He has previously held leading positions in Actis and Mainstream Renewable Power, amongst others, leading the construction of 12 wind and solar PV projects totalling 994 MWp. 

“I am personally very pleased to have Gary join our team at Alternus. He has the right combination of industry expertise, personal traits and business experience at senior levels to take on this challenging role. We are very excited to have him joining our dynamic team and he will play a pivotal role in the delivery of our current 1.2 GWp contracted pipeline that, when completed, will increase our power capacity tenfold by 2023”, said Vincent Browne, CEO of Alternus.

“I am very pleased to be part of this exciting adventure with Alternus. Having worked in the renewables industry for almost 10 years, I am confident that solar power will continue to be a fundamental factor in the transition from fossil fuel to green energy, and Alternus has a unique position and an important role to play in that regard”, said Mr. Swan. 

“As Alternus emerges as a market leader in European solar and renewables, we need to expand our management and expertise to support our ambitious growth plans. Gary is the perfect choice to lead that activity going forward”, Mr. Browne concluded.

Mr. Swan starts in the new position on the 4th of May. 

About Alternus Energy Group Plc

Alternus Energy Group (NOTC: ALT) is a fast-growing pan-European independent power producer (“IPP”), headquartered in Ireland, with a focus on the midsized utility solar PV market. Alternus owns and operates a diverse portfolio of utility scale solar PV parks that connect directly to national power grids on long-term government contracts (“FiT”) and/or Power Purchase Agreements (“PPAs”) with investment grade off-takers. Having started in 2016 with two parks and 6 MWp capacity, the current portfolio consists of 39 owned or contracted parks in Germany, Italy, Netherlands, Romania and Poland in excess of 140 MWp capacity. Alternus works closely with both local and international specialist development partners that each provide a constant pipeline of new projects for acquisition by Alternus. Alternus aims to own and operate over 2 GWs of solar parks by the end of 2025 and to become one of the largest pan-European IPPs by the end of the decade.

Forward Looking Statements: Certain information contained in this letter, including any information on the group’s plans or future financial or operating performance and other statements that express the group’s management’s expectations or estimates of future performance, constitute forward-looking statements (when used in this document, the words “anticipate”, “believe”, “estimate” and “expect” and similar expressions, as they relate to the group or its management, are intended to identify forward-looking statements). Such statements are based on a number of estimates and assumptions that, while considered reasonable by management at the time, are subject to significant business, economic and competitive uncertainties. The group cautions that such statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of the group to be materially different from the group’s estimated future results, performance or achievements expressed or implied by those forward-looking statements.