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PINK:ALTN

Alternus Energy Inc.

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Market:
PINK
Market Cap:
$6.65 m
Price
0.08 USD
Change
0.25%
52 weeks high
0.58
52 weeks low
0.06

Vision
Our vision is to dynamically combine the benefits of green energy to the environment with strong investment returns to deliver a virtuous cycle for all parties involved.

Mission
Alternus Energy aims to become a leading independent power producer in green energy, by owning and operating a global network of distributed and connected green energy power plants, in countries where the combination of economic, environmental and political policies are optimized and supportive for long term solar growth, to cater for the ever growing need for clean renewable energy.

 

Italy
ALTN currently own and operate 3MW of ground and rooftop Solar PV Parks in Italy with 5MW under exclusivity contracts and ready to close in Q2 2019. The overall focus is to ramp up the acquisition of parks to 50MW in Italy in 2019. All parks benefit from Italian government Feed-in-Tariff revenues guaranteed for 20 years from initial operating year.

Germany
ALTN expanded operations to Germany in 2018, the primary focus being the acquisition and development of small to medium size utility scale rooftop and ground mounted Solar PV Parks. This includes commercial and industrial size rooftop projects of less than 750KW of solar power per project. ALTN have partnered with local developers and EPC operators to develop and build a minimum of 200MW of rooftop and ground mounted Solar PV Parks over the next 3 years with 10MW now complete.

All parks will benefit from German government Feed-in-Tariff revenues guaranteed for 20 years from initial operating year. Installations that are less than 750KW in size are automatically approved for the 20 year FiT incentives but also at a pre-determined FiT rate rather than an auction process.

Romania
ALTN currently own and operate 2 x Solar PV Parks in Romania with a total installed power capacity of 6.1MW. The company is looking to expand operations in Romania in 2019.

Italy, Germany & Romania

Vincent Browne
Chief Executive Officer and Chairman

Bringing a wealth of experience in both listed and private companies covering all aspects of finance and management, Vincent has an extensive background in finance and operations, including experience in merger & acquisitions, project finance and capital market transactions for both public and private companies. Since 2008, he has worked predominantly the US public markets as CEO/CFO of OTC listed companies and as a consultant to others involving M&A, spin outs, 10K and S1 SEC filings and corporate restructuring. From 2000 to 2005 founded numerous technology startups. He previously held the position of Head of Procurement with Esat Telecom Group, Ireland’s premier competitive telecom operator, quoted on NASDAQ. He holds a Bachelor of Commerce (Accounting) from University College Dublin and is also a contributor in commercialization of research and technology projects with the Technology and Enterprise Campus at Trinity College Dublin. Vincent joined the company in 2014 as CFO and became the CEO in September 2017 driving the company’s global expansion.

Joseph Duey
Chief Financial Officer

Joseph has over 20 years’ experience successfully developing, constructing and financing utility scale solar and wind generating assets.  His experience includes key operating management, finance and audit functions.  Prior to joining Alternus Energy, Joseph served as CFO of Green States Energy, Inc. (GSE), an independent power producer focused on developing, acquiring, owning and operating clean energy generation. He helped grow the company from zero assets to over $70M of assets and over $7M of annual long term contracted revenue in a 3 year period. He was the Controller for Power Partners a division of MasTec (MTZ). The Power Partners group installed over 3,500MW of wind assets in the United States as an electrical contractor over a 7 year period. Other positions have included various finance and operations roles with Fortune 500 manufacturing companies, including the SPX Corporation and the Goodrich Corporation. At Goodrich, at the time a $5B public company, he was the Manager of Consolidations Planning and Analysis which comprised over 40 consolidating entities in 17 countries. His early career experience was at Arthur Andersen, where he performed external, internal, and operational audits for Fortune 1000 Companies. He received an MBA from the University of Illinois and achieved CPA, CMA, CIA, and CFM designations.

Taliesin Durant
General Counsel

Taliesin joined Alternus Energy Inc. as General Counsel in December 2018.  Taliesin has served in senior operating roles in a variety of corporate and public enterprises for almost twenty years, providing general corporate legal advice and services.  Most recently she was the President of Dart Business Services LLC, a company she founded in 2010. Dart provided consulting services to a few small public and private companies, similar to those provided by a general counsel or in-house counsel and corporate secretary.  Prior to founding Dart, she was Chief Legal Officer and Corporate Secretary of Flint Telecom Group, Inc. Prior to that, she spent 8 years at Semotus Solutions, Inc. as General Counsel and Corporate Secretary. At Semotus she was part of the team that took the company from its listing on the OTC Markets to Amex and then to Nasdaq. Taliesin graduated with a BA in Economics from Connecticut College and is a member of the California State Bar Association, having earned a Juris Doctor degree at Northwestern School of Law at Lewis and Clark College and completed her final year at Santa Clara University School of Law.

Ovidiu Flaviu
Manager – Group Business Development

Ovidiu has over 5 years international experience in Project Procurement and Project Financing for the energy sector, primarily in the Solar Photovoltaic field. In 2013 he set up a company – Oresi Energy S.R.L which specializes in Project Procurement and Project Financing. He has been successful in securing civil and electrical works, project procurement and financing for numerous EPC’s and IPP’s internationally spanning over 200MW of PV projects. Some of these include securing civil and electrical contracts for PV projects consisting of 23.5MW from one of the world’s largest renewable energy EPC companies – Juwi AG. He has also supported numerous large EPC’s from Asia in securing project rights and financing for over 100MW of PV projects in Egypt and Kazakhstan. This includes ACME, one the of the world’s largest IPP/EPC in the world, from Asia who own and operate over 1000MW worldwide. Ovidiu holds a Masters Degree in European and National Business Law. He joined ALTN as Manager – Group Business Development and is responsible in assisting on project procurement, securing project finance and securing partnerships with EPC companies for development internationally.

Gita Shah
Manager – Strategic Planning

Gita has over 8 years’ experience in supporting the delivery of public and private infrastructure projects in European markets. Previous to joining Alternus Energy Gita held the position of Development Executive in Irish Renewable Energy Start-up Stream Bioenergy. She was part of a team of 3 who put together successful IED Licence and Planning Applications for 2 x 3.8MW Anaerobic Digestion (AD) plants in Dublin and Cork and a smaller award winning AD plant in Ballymena, Northern Ireland. Previously she held the position of Senior Technician for 4 years within Waterman Boreham, a Transport Engineering Consultancy, working on delivering various Infrastructure projects for the public and private sectors in Ireland, one of the main clients being Tesco Ireland. She holds a BSc in Spatial Planning and Environmental Management from Dublin Institute of Technology and studied at the Innovation Academy in UCD. Gita joined Alternus Energy in 2017 as the EA to the Chief Executive Officer and is now Manager of Strategic Planning.

Stefano Stavrogiannis
Italian Operations Manager

Stefano has over 15 years experience in consultancy activities. In 2003 he founded Deltasigma Ltd which specializes in Business Development and Strategy Consultation in the industrial fields of manufacturing, energy including oil and gas and renewables and infrastructures/buildings. Specifically, the company specializes in consultancy services for the growth and the development of Italian SME’s for the acquisition and construction of public infrastructure works in Greece. In 2010 the company entered the energy sector supporting its clients in the acquisition and construction of refineries, lines transmission and power plants powered with natural gas and renewables sources in Italy, Greece, Romania and Middle East. The company has supported the development of a number of renewables projects in the form of several biogas plant projects in Italy for Enerfin SPA. Stefano joined Alternus in 2016 as a Project Acquisition Consultant and is now the Italian Operations Manager responsible for all project operations in Italy.

Alternus Energy HQ
One World Trade Centre
Suite 8500
New York
NY 10007

European Operational Centre
Suite 11
Plaza 212
Blanchardstown Corporate Park 2
Dublin
D15 PK64

[email protected]

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