Fireside Chat Highlights the Upbeat Outlook for Combined Company in 2024
We recently hosted CEO Vincent Browne and Executive Director Aaron Ratner for a fireside chat, which included a discussion of the company’s evolution and recent business combination, and a focus on the fast-growing, smaller-sized utility-scale solar space and fully vertically integrated business model. This report contains a transcript of the fireside chat from January 12, 2024, which can be accessed on demand in our full report. Focused on execution and growth. On the call, management highlighted its track record of project execution, delivering on time and on budget with its very experienced and efficient team. The company has grown 40x from its founding six years ago and is poised for further growth following the December completion of the merger, both in Europe and the US. Positioned in the fast-growing, smaller-sized utility-scale solar space with long-term recurring revenue contracts. Alternus targets projects in the 20-200 MW size, avoiding the large-scale projects that can take multiple years to permit and build and also consume significant capital resources. The company sells power to the grid under long-term (up to 30 years) PPAs with strong EBITDA metrics and stability. Flexibility to adapt to market conditions. The rapid increase in interest rates over the last 18 months, along with material inflation, have affected the entire solar market. On the call, management noted that Alternus has shown an ability to be flexible with the changing conditions, including divesting more mature projects to reduce debt and reinvest that in higher-margin development projects. Upbeat outlook for 2024. Following the completion of the merger and listing on NASDAQ in late December 2023, Alternus is expanding further, especially in the US market. Management notes it has exciting opportunities that it expects to be able to announce along with its investor outreach efforts. Alternus Clean Energy to present at Microcap Conference from January 31 to February 1. Investors can register for the conference and schedule a meeting with management via the conference website.
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