18 December 2023

Star Energy Group plc (AIM: STAR)

("Star Energy" or the "Company")

Board Change - Appointment of Non-executive Director

Star Energy is pleased to announce that Aneliya Erdly has accepted an invitation to join the Board as an Independent Non-executive Director with immediate effect. Aneliya will be a member of the Remuneration Committee.

Aneliya is a highly experienced energy executive with over 18 years in power projects execution and asset management. She brings a wealth of expertise in building from scratch and running renewable energy generation businesses, as well as in assisting businesses with their energy transition strategies.

Aneliya has held senior management positions with international, independent energy producers operating globally and specifically in Central, Eastern and Western Europe, and the EU.  Her sector expertise includes origination and business development, structuring the investment theses for renewable energy platforms, energy transition work, M&A and project financing and portfolio management.  Over her professional career she has acquired, developed, constructed, and managed sizeable solar, wind, hydro, landfill gas, storage, and biomass project portfolios. She has originated and developed over 10GW of renewable projects worldwide.

As a project developer she has worked extensively with multi-lateral funding agencies, local commercial and international banks focused on clean energy project finance. 

Aneliya is currently a Strategic Advisor to NTR PLC, a successful fund manager that has invested in and built close to 3GW of renewables assets across Europe and the US. She also sits on the investment committee of Globeleq - a power industry leader with a focus on emerging markets.

Prior to this Aneliya was a CEO of Silver Ridge Power, a multi-billion renewables portfolio company of Riverstone and The AES Corporation. In additional she has held executive, non-executive and advisory positions with The AES Corporation, Trafigura, Eco Atlantic Oil and Gas, the International Finance Corporation and KPMG.

Commenting Chris Hopkinson, CEO said:

"I am delighted we have attracted someone of Aneliya's calibre and experience in the renewable space to the Board.  Her specific expertise in complex project development, procurement, asset management and cost optimisation will be invaluable to us as we develop our geothermal business."

Aneliya Erdly added:

"I am very pleased to be joining Star Energy and bringing my international experience to the team. The company has made serious progress in its energy transition ambitions.  Its existing business provides operational skill sets that are very much in demand by capital providers focussed on building geothermal portfolios. I look forward to supporting them as they drive this forward in earnest."

Star Energy is well advanced in further expanding its Board to capitalise on the energy transition opportunities in geothermal.  A further Non-executive Director appointment is expected shortly. 

Additional information:

Aneliya Nikolova Erdly, aged 48, holds no shares in Star Energy Group plc. She has been a director or partner of the following companies or partnerships during the five years preceding the date of the announcement:

Save as set out in this announcement, there are no further details to be disclosed under Rule 17 or Schedule 2(g) of the AIM Rules for Companies in respect of Ms Erdly.

For further information please contact:

Star Energy Group plc                                                                     ?Tel: +44 (0)20 7993 9899

Ann-marie Wilkinson, Chief of Staff

Investec Bank plc (NOMAD and Joint Corporate Broker)        Tel: +44 (0)20 7597 5970

Virginia Bull/Chris Sim/Charles Craven

Canaccord Genuity (Joint Corporate Broker)                              Tel: +44 (0)20 7523 8000

Henry Fitzgerald-O'Connor/James Asensio

Vigo Consulting                                                                                 Tel: +44 (0)20 7390 0230

Patrick d'Ancona/Finlay Thomson/Kendall Hill