Alternus Hits Another Milestone with New Strategic Alliance with Hover Energy to Expand Capital-Light Business Development Pipeline
Alternus Clean Energy, a utility-scale transatlantic clean energy independent power producer (IPP), has formed a strategic alliance with Hover Energy (Hover). Based in Dallas, Hover specializes in developing and implementing wind-powered microgrid systems. The alliance allows Alternus to secure the rights to acquire operating projects in the future without paying for any development costs upfront. This will effectively give Alternus a capital-light way to secure new microgrid projects where it can own and operate utilizing much lower-cost capital sources through projects secured by high-quality offtake agreements. These microgrids will use a combination of solar, Hover wind turbines, and batteries. Each project is expected to take six to 12 months to construct and should provide revenue for Alternus beginning in 2025. Alternus states it has a current operational portfolio of 44MW, with a total identified project pipeline of 1.5GW in organic development and strategic acquisitions. Additionally, there are more than 500MW of owned development projects in pre-construction and late-stage development. Listen to a brief conversation with Alternus discussing the Hover strategic alliance. Link is accessible in our full report.
Water Tower Research is built on the foundation of democratizing information flow. We bridge the growing information gap between companies and investors through our investor engagement strategies and open-access research platform.
Our research analysts are Wall Street veterans with the experience and knowledge to work with companies and investors in tandem. We provide access to the information and content that anchors the due diligence process for both professional money managers and individual investors. We leverage traditional research distribution channels and the best of modern digital strategies and tactics to amplify this information flow globally to engage all categories of investors and stakeholders.
Information flow is the foundation for creating investor awareness, knowledge, and engagement. Our mission is to help companies and investors have the tools they need and achieve their goals.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.