Kibo Energy PLC announced the appointment of Mr. Peter Oldacre as the new Group Business Development Executive for the Kibo Energy PLC Group of companies. 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.

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. 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).