Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 1661

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 4
Chunk 1661
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msorgsbygg KF (Deputy Chair) and Varme og Bad AS (Credit Committee Chair).

Ms. Bjørnov received
her undergraduate degree from the University of Oslo and an undergraduate degree from BI Norwegian Business School and resides in Oslo.

We believe that Ms. Bjornov
is qualified to be a director on our board given her vast experience in the financial industry.

Rolf Wikborg,
Director

On January 28, 2025, Rolf
Wikborg was elected to the Board.

Mr. Wikborg has significant experience
in renewable energy and energies in general.  He is currently Chairman of Norhybrid a Norwegian based manufacturer of vertical
industrial wind turbines. He is also chair of Carbon Value Technologies and a Director of a Fintech company, FutureXchange.  From
2020 to 2024 he has been a partner with Greenlight Group, a fund that holds a variety of investments in solar, wind, battery management systems,
black pellets and biogas.  He has also been involved in some of the most CO2 reducing maritime projects with dual fuel, batteries
and wind assisted ships.Mr. Wikborg also served, from 2007 to 2015,  as Director of a NYSE listed transportation company, DHT,
where he was also chair of the compensation committee, and was a Director of an Oslo listed dry cargo transportation company, Western
Bulk, from 2012 to 2016.  Wikborg lived 16 years in the US from 1986 - 2002, establishing and building up AMA Capital Partners LLC,
New York based merchant bankers in M&A, restructuring of debt including bonds and managing equity and debt funds within maritime,
transportation and energy. Prior to New York, Wikborg was Managing Director of Fearnleys Mexico. He remained with AMA after moving
back to Norway and was involved in restructurings and M&A. From 2004 to 2008 he was an advisor to Kuwait Finance House in the
shariah based equity investment in maritime and energy and was a Partner with SinoEnergy Capital in Hong Kong, investing in harsh
environment jack up rigs.

74

Mr. Wikborg graduated from
University of Manchester Institute of Science & Technology with Honors.  He also studied marine law and marine insurance
law at the Norwegian Shipping Academy.  He is an officer of the Royal Norwegian Navy.

We believe