Camana Bay, Cayman Islands, August 22, 2024. Infinitum Energy (“Infinitum“, or the “Company“), a leading climate infrastructure and clean energy development company, is pleased to announce the appointment of Kola Adesina to the Company’s Board of Directors, effective August 21, 2024.
Mr. Adesina has more than 35 years’ experience in the energy and infrastructure sectors globally. He is currently the Group Managing Director of Sahara Group, operating in over 40 countries. Nearing 2GW of installed capacity, Sahara Group is the largest private distribution company in Sub-Saharan Africa.
He sits on the Board of Sahara Group Ltd, Ikeja Electric, Egbin Power Plc, First Independent Power Ltd, Port Harcourt Electricity Distribution Company, AXA Mansard Insurance Plc., and served as a member of the Presidential Committee of Nigeria.
Lindsay Nagle, Infinitum’s CEO, commented: “We are thrilled to announce the appointment of Mr. Adesina to our Board of Directors. His depth of experience in the African energy markets will provide insight and direction for our growth plans throughout the continent.”
About Infinitum Energy
Infinitum is a climate infrastructure company specializing in the development of clean energy projects within emerging markets. The Company’s core focuses are high-impact solar, wind, and innovative waste-to-energy projects. Through strategic partnerships with leading financial institutions, the team has executed on 42 clean energy projects spanning 13 countries to date, with investments amounting to over $12 billion. Infinitum’s current development stage projects are located in Sierra Leone and Sri Lanka; with teams actively developing additional projects in Mongolia, Uganda, and Turkey; totalling more than $2.5 billion of expected capital expenditures.
For further information on the Company, please visit https://www.infinitumenergygroup.com
ON BEHALF OF THE BOARD
“Lindsay Nagle”
Director & CEO
For more information contact:
Jeremy Wright, Director & CFO
+1 (604) 837-7990
[email protected]
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This news release may contain forward-looking statements and information concerning the Company; and includes its wholly owned subsidiaries.
The forward-looking statements and information are based on certain key expectations and assumptions made by the Company, including expectations and assumptions concerning the success of new project development, the continued ability to access capital through equity offerings to support the Company’s ongoing operations, and other factors that affect demand for the Company’s products.
Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause the Company’s actual results and experience to differ materially from the anticipated results or expectations expressed. These risks and uncertainties, include, but are not limited to a Company project successfully completing a financial close, being able to generate carbon credits, expenditures and other factors that affect demand for the Company’s products, industry competition, uncertainties as to the Company’s ability to implement its business strategy effectively on a global basis, labour, equipment and material costs, access to capital markets, interest and currency exchange rates, technological developments, political and economic conditions and the Company’s ability to attract and retain key personnel.
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