Wrap Text
Senior Management appointment: Group Business Development Executive
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 Limited Nominated Adviser
Roland Cornish
Claire Noyce +44 20 3764 2341 Hybridan LLP Joint Broker
Damon Heath +44 207 186 9952 Shard Capital Partners LLP Joint Broker
Zainab Slemang zainab@lifacommunications.com Lifa Communications Investor and Media Relations
van Rijmenant Consultant
Johannesburg
10 March 2023
Corporate and Designated Adviser
River Group
Date: 10-03-2023 09:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
