Alternus Energy Group PLC has announced the appointment of David Farrell to the newly created role of chief commercial officer.
The company said Farrell will be integral to the preparations for delivery of the company’s contracted solar PV (photovoltaic) installations this year.
Alternus Energy noted that Farrell joins the executive management team and will oversee all commercial and M&A activity for the company in addition to leading the funding and investment activities in conjunction with its CFO and CEO.
The company pointed out that Farrell has over 20 years of experience in both the capital markets and finance industry and joins the company from advisory firm Grant Thornton where he was a director of Corporate Finance. Some of his previous roles include director of Mergers & Acquisitions at the investment bank, Duff & Phelps, regional head of Debt Structuring at the accountancy firm, FGS and various management roles in corporate, institutional and commercial banking, together with several advisory board roles.
In these roles, Farrell has acquired extensive experience on both sides of corporate, real estate, and infrastructure and renewable financings along with numerous M&A transactions, it added.
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Commenting about the latest appointment to the Alternus Energy executive team, Vincent Browne, the company's chairman and CEO said: “I am delighted to welcome David to the executive team at Alternus to support our continued rapid international expansion. We have worked closely with him as a client in recent years and I have experienced first-hand his strong work ethic and commitment. David’s initial focus will be completing the ongoing debt processes for pending acquisitions of operational solar PV parks in addition to securing financing for our contracted installation portfolio.”
Farrell added: “I am very excited to join Alternus at this time, having had the pleasure of working with the team as an advisor over the past eighteen months. I have been highly impressed with their strategic positioning and ability to execute their growth plans. The opportunity to exclusively focus on the renewable energy sector with Alternus is compelling. I firmly believe that Alternus is ideally positioned to continue to capitalise on this incredible commercial growth opportunity whilst delivering impactful change as markets transition from fossil fuels to renewable energy.”
The company noted that Farrell has a Bachelor of Business (Economics and Finance) from the University of Limerick and is an Associate Chartered Management Accountant (ACMA, CGMA). He also holds diplomas in Corporate Finance, Corporate Restructuring, and Insolvency.
Established in 2016, Alternus Energy is an international vertically integrated independent power producer (IPP). Headquartered in Ireland and listed on the Euronext Growth Market – Oslo, the company develops, constructs, owns, and operates utility-scale solar PV projects in multiple countries. The company also has offices in Rotterdam and America.
Contact the author at jon.hopkins@proactiveinvestors.com