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Alternus Energy Appoints Tone Bjørnov To Board Of Directors

By August 23, 2021October 12th, 2021No Comments

Dublin, 23rd August 2021, Fast growing, pan-European independent power producer (“IPP”), Alternus Energy Group Plc (“Alternus” or “the Company”) is pleased to announce the appointment of Tone Bjørnov as a non-Executive Board Director with immediate effect.

Tone Bjørnov is a full-time portfolio non-executive chair of boards and board member. Ms. Bjørnov worked with DNB, Norway’s largest financial institution, for twenty years, primarily with large corporate clients in Oslo and London and held the position of Head of Investor Relations at the Oslo Headquarters. Since 2006, she has worked as a portfolio non-executive director in several Scandinavian companies across various sectors from banks and financial institutions to shipping, real estate, media, biotech and aquaculture. She has chaired multiple Board committees including risk, audit and nomination in listed companies. Present board positions include Atlantic Sapphire ASA, Aqua Bio Technology ASA, Filmparken AS and Varme og Bad AS. She received her undergraduate degree from the University of Oslo and an undergraduate degree from BI Norwegian Business School and resides in Oslo.

Speaking about the new appointment, Vincent Browne, Chairman and CEO of Alternus said:

We are delighted to welcome Tone to our Board of Directors. Her expertise in corporate finance and corporate governance will be a huge asset to the Company and assist with our ambitious growth plans following our recent listing on the Euronext Growth Market in Oslo. We very much look forward to working with her and utilizing her expertise of public listings in the Scandinavian markets.”   

Ms Bjørnov commented:

“I am thrilled to join the Alternus Board and begin to lend my expertise to the Company and Board. Alternus has achieved significant growth over the past 12 months in terms of portfolio and investment. I am excited to contribute to the Company’s further success and become part of their sunshine story.”

About Alternus Energy Plc

Alternus Energy Group (OSE: ALT) is a fast-growing pan-European vertically integrated independent power producer (“IPP”), headquartered in Ireland, with a focus on the midsized utility scale 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 Pow er Purchase Agreements (“PPAs”) with investment grade off-takers. Having started in 2016 with two parks and 6 MWp capacity, the current portfolio consists of 34 owned or contracted parks in Germany, Italy, Netherlands, Romania and Poland, in excess of 150 MWp capacity. Alternus works closely with both local and international specialist development partners that each provide a constant pipeline of new projects for acquisition and construction by Alternus. Alternus aims to own and operate over 3.5 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.