Kibo Energy PLC Group Business Development Executive Appointment (4959S)
10 Marzo 2023 - 1:00AM
UK Regulatory
TIDMKIBO
RNS Number : 4959S
Kibo Energy PLC
10 March 2023
Kibo Energy PLC (Incorporated in Ireland)
(Registration Number: 451931)
(External registration number: 2011/007371/10)
Share code on the JSE Limited: KBO
Share code on the AIM: KIBO
ISIN: IE00B97C0C31
('Kibo' or 'the Company')
Dated: 10 March 2023
Kibo Energy PLC ('Kibo' or the 'Company')
Senior Management appointment: Group Business Development
Executive
Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable
energy-focused development company, is pleased to announce the
appointment of Mr. Peter Oldacre as the new Group Business
Development Executive for the Kibo Energy PLC Group of companies
('KEGC' or the 'Group').
Mr. Oldacre's impressive credentials distinguishes him as an
experienced renewable energy and energy-storage project developer
with deep technical, financial and commercial experience that has
seen him advise, guide, develop, acquire and revitalise businesses
within the energy, renewables, strategic minerals, investments and
global corporate markets. Mr. Oldacre will also add to the already
well-developed skill set of Kibo with his experience in and
exposure to, investment and equity sourcing, international project
finance and specialised blended financing, amongst others as per
his summarised curriculum vitae below.
The addition of Mr. Oldacre to the Executive Committee ('EXCO')
of Kibo aligns with the Company's strategic intent to develop, own
and operate clean/renewable energy solutions. As a member of EXCO,
Mr. Oldacre will be responsible for the development, management and
execution of appropriate plans to implement the Company's business
development strategy, with specific focus on the successful
completion of the crucial project development phase in the project
development cycle that commences at the completion of a bankable
feasibility study through financial close up to completion of
construction.
Louis Coetzee, CEO of Kibo Energy, says: "We are extremely
pleased to welcome Peter Oldacre to the Kibo Energy team. His
wealth of knowledge and expertise in renewable energy and energy
storage will further strengthen the Group's business strategy and
aligns with our commitment to advancing clean/renewable energy
generation and storage. The appointment of Mr. Oldacre further
demonstrates Kibo's commitment to deliver a portfolio of
operational revenue-generating projects within the next 18 to 24
months as previously announced.
Almost all the projects in the Company's project portfolio
currently find themselves in the specific development phase
referred to above. Peter's ability to join the dots across complex
deal-making mandates between investors, project developers, asset
owners and funders with significant performance success over the
last decade will add significant strategic capacity and momentum
towards the successful delivery of the Kibo projects portfolio.
"We look forward to working with Mr. Oldacre as a Group Business
Development Executive at Kibo."
Abbreviated Resume of Peter Oldacre BSc, BPhil, MBA, CAIA, FMVA,
Fellow SAIFM
Executive, Group Business Development, Kibo Energy PLC
Peter Oldacre, over the last 15 years, has been instrumental in
successfully developing 1,250 MW (One thousand two hundred and
fifty MW) of solar and wind projects across North America, Europe,
Middle East and Africa (EMEA), in a variety of senior Executive
Corporate Appointments to eventually head the Growth Strategy of
the Austrian battery energy storage system manufacturer, Enerox
GmbH (CellCube).
Hailing from the blue-chip international project development and
finance world, Peter accumulated deep project development skills to
close technically and commercially complex projects, including
integration with modelling and funding across various
technologies.
**ENDS**
For further information please visit www.kibo.energy or
contact:
Louis Coetzee info@kibo.energy Kibo Energy PLC Chief Executive Officer
James Biddle +44 207 628 3396 Beaumont Cornish Nominated Adviser
Roland Cornish Limited
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Claire Noyce +44 20 3764 2341 Hybridan LLP Joint Broker
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Damon Heath +44 207 186 9952 Shard Capital Partners Joint Broker
LLP
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Zainab Slemang zainab@lifacommunications.com Lifa Communications Investor and Media
van Rijmenant Relations Consultant
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Johannesburg
10 March 2023
Corporate and Designated Adviser
River Group
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END
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