Peak Energy Appoints Chief Executive Officer and Chief Operating Officer

Stonepeak-backed platform names industry veterans Gavin Adda, Geoffrey Jahnke as Chief Executive Officer, Chief Operating Officer

Peak Energy Investments Ltd. ("Peak Energy"), a platform dedicated to the development, ownership, and operation of renewable assets in Asia, today announced the appointments of Gavin Adda as Chief Executive Officer and Geoffrey Jahnke as Chief Operating Officer, effective November 1, 2023. Both join from TotalEnergies (NYSE:TTE) Renewables Asia, where Gavin previously served as CEO, and Geoffrey previously served as COO / CFO.

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Peak Energy was formed in 2020 by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, as a dedicated platform to develop, construct, and operate renewables projects across Asia. The platform is led by a seasoned management team comprising professionals from major developers with extensive experience sourcing, developing, and managing renewables projects. To date, Peak Energy has developed two fully operational assets: Project Minamata, a 28 MW solar project in Kumamoto, Japan, and Project Iceberg, a 100 MW solar project in South Korea which is one of the largest in the country. Combined, these assets are expected to result in the avoidance of 144,800 metric tons of carbon dioxide annually, or the equivalent of taking ~25,500 passenger vehicles off the road for a year, underscoring the important role Peak Energy has the potential to play in advancing the region's energy transition.

"Gavin and Geoffrey will help lead Peak Energy into its next stage of growth as the platform seeks to expand its footprint in Japan, South Korea, and the ASEAN region," said Ryan Chua, Senior Managing Director at Stonepeak. "Both Gavin and Geoffrey have long-standing track records as expert developers, operators, and business leaders and are well-connected to the broader renewables landscape in the region. We are excited to have them on board and we look forward to seeing the results of their thoughtful stewardship of the platform's expansion."

"I'm thrilled to be joining Peak Energy, especially at this exciting juncture in the platform's growth," said Gavin Adda, incoming Chief Executive Officer of Peak Energy. "Asia is a great place to be investing in renewables, as more countries set ambitious targets for the energy transition – including Japan and South Korea, where Peak Energy is currently invested, but also other nations across the ASEAN region and beyond. I believe Peak Energy is uniquely positioned to drive the future development of the renewables markets, and I'm very excited to work with the Stonepeak team to deliver more renewables projects that will serve present and future generations across the region."

Geoffrey Jahnke, incoming Chief Operating Officer of Peak Energy, added, "With an outstanding team in place, deeply embedded principles of excellence, integrity, and agility, and continued support from Stonepeak, a trusted partner for critical infrastructure businesses around the world, Peak Energy has all of the right tools to become an example in the industry and make a meaningful difference in the region's energy transition. I am excited to dive in alongside Gavin and the rest of the Peak Energy team as we work to create more sustainable futures, together."

About Gavin Adda

Gavin Adda joins Peak Energy with more than 15 years of experience in the renewables space. He most recently served as CEO of TotalEnergies Renewables Utility-Scale Asia. Previously, he was CEO of TotalEnergies Distributed Generation (DG) Asia Pacific which was created when Geoffrey and he sold their start-up to TotalEnergies. He also held roles as Chairman of the TotalEnergies ENEOS Renewables Joint Venture and was a member of the Board of Directors at Maxeon Solar Technologies (NASDAQ:MAXN). Currently, he is a Co-Chairman of the Sustainability Committee at the European Chamber of Commerce in Singapore and a member of the Board of Directors of Lindström. Before joining TotalEnergies, Gavin founded multiple start-ups in the renewables sector, including Cleantech Solar, which became one of the largest B2B-focused developers in India and was subsequently acquired by Shell and Keppel in 2021. Prior to that, he held various executive level positions at REC Solar Limited and Samsung Group.

About Geoffrey Jahnke

Geoffrey Jahnke most recently served as Chief Operating Officer of TotalEnergies Renewables Distributed Generation (DG) Asia and Chief Financial Officer of TotalEnergies Renewables in Asia Pacific. Prior to TotalEnergies, he served as Chief Operating Officer at Cleantech Solar, where he industrialized the company's operations, implemented robust processes and scalable systems, and sourced and closed significant equity and debt funding for solar projects. Geoffrey was previously the Head of Corporate Development for Samsung Engineering & Construction, where he oversaw inorganic growth, strategic partnerships, and project investments in power and infrastructure.

About Peak Energy

Peak Energy is an Independent Power Producer that develops, owns, and operates renewable assets across Asia. In partnership with high-quality local partners, an experienced team manages Peak Energy's energy assets from origination and development through to operations and decommissioning with best-in-class industry best practices. Peak Energy has two fully operational solar assets jointly comprising 128 MW. For more information, please visit peakenergy.asia.

About Stonepeak

Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $57.1 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, and to have a positive impact on the communities in which it operates. Stonepeak sponsors investment vehicles focused on private equity and credit. The firm provides capital, operational support, and committed partnership to sustainably grow investments in its target sectors, which include communications, energy and energy transition, transport and logistics, and social infrastructure. Stonepeak is headquartered in New York with offices in Hong Kong, Houston, London, Singapore, and Sydney. For more information, please visit www.stonepeak.com.

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