Alternus Clean Energy set to Acquire Over 80 MWp of Operating Solar PV across eight states in the U.S.
Alternus Clean Energy, Inc. - Class A (ALCE)
Company Research
Source: GlobeNewswire
FORT MILL, S.C., May 01, 2024 (GLOBE NEWSWIRE) -- Alternus Clean Energy, Inc. (NASDAQ: ALCE) (“Alternus” or the “Company”), a leading utility-scale transatlantic, clean energy independent power producer (IPP) today announced the signing of definitive agreements with a U.S. based fund to acquire over 80 MWp of operating portfolio spanning across the U.S. The Portfolio consists of 33 projects, distributed across eight states, showcasing a geographical diversification within the U.S. The portfolio has significant long-term agreements (average remaining term of over 12 years) with 16 different counterparties. Notably, approximately 20% of these fall within the AAA and AA rating categories, such as Duke Energy, enhancing the financial stability and predictability of revenue streams. The Portfolio is expected to generate an average of $6.7 million of revenue and $5.1 million (before improvements) of operating income annually and represents an outstanding opportunity to acquire establis
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News
- Alternus Clean Energy, Inc. Announces Closing of $2.16 Million Private Placement of Convertible Notes and WarrantsGlobeNewswire
- Alternus Clean Energy, Inc. Reports FY 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
- Alternus Clean Energy, Inc. Reports FY 2023 Financial ResultsGlobeNewswire
- Alternus Clean Energy and Acadia Energy Announce JV to Develop 200 MW of Microgrid Projects in New York StateGlobeNewswire
- Alternus Clean Energy to Participate in Upcoming Investor Conferences and Industry EventsGlobeNewswire
ALCE
Sec Filings
- 5/16/24 - Form NT
- 5/8/24 - Form 8-K
- 5/6/24 - Form S-1/A
- ALCE's page on the SEC website