Alternus Energy Inc. is a global independent power producer (“IPP”). We develop, own and operate solar PV parks that connect directly to national power grids. Our current revenue streams are generated from long-term, government-mandated, fixed price supply contracts with terms of between 15-20 years in the form of government Feed-In-Tariffs (“FiT”) and other energy incentives. Our current contracts deliver annual revenues, of which approximately 75% are generated from these sources with the remaining 25% deriving from revenues generated under contracted Power Purchase Agreements (“PPA”) with other energy operators and by sales to the general energy market in the countries we operate. In general, these contracts generatean average sales rate for every kWh of green energy produced by our solar parks. Our current focus is on the European solar PV market. However, we are also actively exploring opportunities in other countries outside of Europe.
Board of Directors
Vincent Browne – CEO and Chairman
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 has served as a consultant to others involving M&A, spinouts, 10K and S1 SEC filings and corporate restructuring. From 2000 to 2005 he founded a couple of technology start-ups that became leaders in their respective fields. Prior to this, Mr. Browne was Head of Procurement with Esat Telecom Group, Ireland’s premier competitive telecom operator, quoted on NASDAQ. He holds a Bachelor of Commerce (Accounting) degree 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.
John Thomas – Non-Executive Director
John Thomas is the Co-Founder and Managing Partner of Doonbeg Group, Inc., an advisory and merchant banking firm founded in February of 2013. He is an accomplished Senior Executive with core skill sets of leadership, strategic, and operational management in an international environment. John has significant expertise in international trade and finance with proven success in the transportation, defense, and infrastructure industries with an emphasis in the emerging markets. John holds a B.S. in Business Administration from Manhattan College.
John McQuillan – Non-Executive Director
Mr. McQuillan is a fellow of Chartered Accountants Ireland and an Associate of the Chartered Institute of Arbitrators in Ireland. He trained with KPMG. Mr. McQuillan worked as Financial Controller of the ESB Group Network Business before starting his own practice in 2005. His practice worked primarily in the energy and regulated sectors in addition to audit, assurance and accounting services to a wide range of clients in the SME sector, including professional and financial services. He is currently Chief Financial Officer of Homecare Direct and a non-executive director in a range of industries in the leasing, accounting, utilities and consumer goods industries. He is a graduate of Trinity College Dublin.