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Alternus Clean Energy Announces Termination of Membership Interest Pur...
Fort Mill, South Carolina--(Newsfile Corp. - September 19, 2024) - Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("Alternus" or the "Company"), a leading utility-scale transatlantic, clean energy independent power producer (IPP), has terminated its MIPSA with C2 Taiyo Fund I, LLP to acquire approximately 80MWp solar installations across 8 U.S. states, originally announced on May 1, 2024, due to seller's failure to meet the required closing conditions and fundamental changes in the portfolio of assets planned to be acquired.Alternus CEO Vincent Browne commented, "It is unfortunate that we cannot c...
Alternus Clean Energy and Partner Hover Energy Accelerating Pace of In...
Three more Wind-Powered Microgrid(TM) projects ordered for HawaiiFort Mill, South Carolina--(Newsfile Corp. - August 28, 2024) - Alternus Clean Energy Inc. (NASDAQ: ALCE) ("Alternus") is pleased that just ten days after its partner Hover Energy LLC ("Hover") and Hawaii Construction & Development Consulting ("HCDC") announced their first joint renewable microgrid project in Hawaii as part of HCDC's renovation of Union Plaza in downtown Honolulu, the parties have agreed to terms for three additional projects. Installation is expected to begin in Q4 2024, contingent on permitting, with revenues f...
Alternus Clean Energy Reports Financial Results for Three and Six Mont...
Debt reduced by $80 million(40%) during H1Additional market focus in microgridsFort Mill, South Carolina--(Newsfile Corp. - August 27, 2024) - International Renewable Independent Power Producer (IPP) Alternus Clean Energy Inc. (NASDAQ: ALCE) (OTC Pink: ACLEW) (the "Company" or "Alternus") recently announced its unaudited financial results for the three and six months ended June 30, 2024 and additionally restated results for its first quarter, 2024.Highights For the Three Months Ended June 30, 2024Operating assets generated over 18GW hours of clean energy delivered to local power grids. Overal...
Alternus Clean Energy and Hover Energy Announce Exciting New Joint Ven...
Microgrid Market forecast to reach over $100 Billion by 2032Fort Mill, South Carolina--(Newsfile Corp. - August 8, 2024) - Alternus Clean Energy (Nasdaq: ALCE) ("Alternus"), a transatlantic independent clean energy producer, and Hover Energy ("Hover"), a leading international microgrid solutions provider, are proud to announce the launch of a new joint venture company, specifically formed to help data centers and other commercial and industrial customers achieve net zero carbon emissions. The joint venture strategically leverages the strengths of both Alternus and Hover, including Hover Energ...
- Graham Mattison
- Shawn Severson
JV with Acadia Energy to Develop 200 MW of Microgrid Projects
Alternus Clean Energy and Acadia Energy have announced a joint venture to co-develop 200 MW of Sustainability Hub™ microgrid projects in New York State. Acadia has a pipeline of 1.5-2.0 GW of renewable energy projects in New York, with an average size of 20-50 MW per project. The partnership aims to develop and operate a portfolio of scalable microgrid projects over the next two to three years, which are expected to begin achieving commercial operations within two years. These microgrids will c...
- Graham Mattison
- Shawn Severson
Going Vertical with Alternus: A Clean Energy IPP Focused on Transatlan...
Alternus Clean Energy, Inc. (Alternus) is a transatlantic clean energy independent power producer (IPP) that develops, installs, owns, and operates small utility-scale and community solar parks (5 MW to 200 MW) in the US and Europe. The company aims to reach 1.5 GW of operational projects through organic development and strategic acquisitions within the next three years. Those interested can access our fireside chat with Alternus from January 12, 2024, on demand. Alternus differentiates itself b...
- Graham Mattison
- Shawn Severson
Alternus Hits Another Milestone with New Strategic Alliance with Hover...
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 c...
- Graham Mattison
- Shawn Severson
Fireside Chat Highlights the Upbeat Outlook for Combined Company in 20...
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 highlight...
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