Dublin, 29 July 2022 International Renewable Independent Power Producer (IPP) Alternus Energy Group Plc (OSE: ALT) (the “Company” or “Alternus”) is pleased to announce the appointment of Mr. Jon Masdal as an Independent non-Executive Director, with immediate effect. Mr. Masdal’s appointment brings the board to a total of six members.
Mr. Masdal is an Oslo-based portfolio manager with the Ludvig Lorentzen family office. He has extensive capital markets experience in the energy sector having covered renewables and the broader energy sector as a sell side analyst at at Norway’s leading Investment bank, DNB Markets, for 10 years. During his time at DNB Mr Masdal was a top-ranked analyst in the Nordic energy sector. Prior to joining DNB he worked as an auditor at EY in Oslo. He graduated from the University of New Mexico in 2010 with a BBA in Finance and Accounting and resides in Oslo.
Speaking about the new appointment, Vincent Browne, Chairman and CEO of Alternus said:
“Jon’s expertise in the local capital markets should prove a real asset to Alternus as we continue our growth and will further assist us with local and international stakeholder engagement. His background in the energy sector will allow him to immediately comprehend our powerful growth engine and provide the board with insights on industry trends and positioning. We very much look forward to working with him and utilizing his experience to inform our business strategy.”
Mr. Masdal added:
“I believe this is a very fitting time for me to join the board of Alternus Energy. Their mission to support a clean energy future is one that I feel very passionately about and serves to benefit all stakeholders. The need for investment in clean energy has never been more critical. I look forward to lending my experience across the energy sector & capital markets to support the company’s continued growth.”
DISCLOSURE REGULATION This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
About Alternus Energy
Alternus Energy Group Plc is an international vertically integrated independent power producer (IPP). Headquartered in Ireland, and listed on the Euronext Growth Oslo, the Company develops, installs, owns, and operates midsized utility scale solar parks. The Company also has offices in Rotterdam and America. Alternus Energy aims to own and operate over 3.5 gigawatts of solar parks by the end of 2025.
Forward Looking Statements: Certain information contained in this letter, including any information on the Company’s plans or future financial or operating performance and other statements that express the Company’s management’s expectations or estimates of future performance, constitute forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Such statements are based on a number of estimates and assumptions that are subject to significant business, economic and competitive uncertainties, many of which are beyond the control of the Company. The Company cautions that such forward-looking statements involve known and unknown risks and other factors that may cause the actual financial results, performance or achievements of the Company could differ materially from the Company’s estimated future results, performance or achievements expressed or implied by the forward-looking statements. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
