reports
Alternus Clean Energy Announces Closing of $2.25 Million Private Place...
New York, New York--(Newsfile Corp. - January 24, 2025) - Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("ALCE", "Alternus" or the "Company") a renewable energy company, today announced the closing of its previously announced private placement of $2.25 million pursuant to the terms of a securities purchase agreement, dated January 21, 2025, with several institutional investors (the "Purchasers").The offering was in the form of an Unsecured 20% Original Issue Discount Promissory Note (the "Note"), resulting in proceeds (before expenses) to Alternus of approximately $2.25 million (out of the total ...
Alternus Clean Energy Announces Pricing of $2.25 Million Private Place...
New York, New York--(Newsfile Corp. - January 22, 2025) - Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("ALCE", "Alternus" or the "Company") a renewable energy company, today announced the pricing of an approximately $2.25 million private placement round pursuant to the terms of a securities purchase agreement, dated January 21, 2025, with several institutional investors (the "Purchasers"). The closing of the current private placement round is expected to occur on or about January 23, 2025, subject to the satisfaction of customary closing conditions.The offering is in the form of an Unsecured 20...
Alternus Clean Energy CEO Vincent Browne Highlights Milestones and Gro...
New York, New York--(Newsfile Corp. - January 16, 2025) - Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("Alternus"), a global provider of international renewable energy solutions, today announced that Vincent Browne, CEO of Alternus, participated in a video interview with .During the interview, Mr. Browne shared recent accomplishments for Alternus Clean Energy, including achieving full permitting for the first of 11 solar projects in Italy. Construction on the 18MW project will begin mid-2025, with plans to power the Italian grid within 18 months, generating up to $25 million in annual cash flow...
Alternus Clean Energy Secures Full Permitting for First of Its Eleven ...
Upon completion, the 18MW project is expected to generate approximately $2 million annually in recurring revenues.New York, New York--(Newsfile Corp. - January 8, 2025) - Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("ALCE", "Alternus" or the "Company") a renewable energy company, today announced that construction on the first of its eleven solar projects in Italy is scheduled to commence in Q2 2025. This milestone solidifies Alternus' expansion into one of Europe's most promising solar energy markets. The project, expected to be completed by mid-2026, is expected to generate over $2 million in...
Alternus Clean Energy Completes Acquisition of LiiON, a Leading US-Bas...
LiiON brings major clients like Amazon, Walmart, and NASACompleted acquisition is a significant step in Alternus' transition to become a more comprehensive clean energy providerNew York, New York--(Newsfile Corp. - December 12, 2024) - Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("Alternus"), a global provider of international renewable energy solutions, announces today it has completed the acquisition of LiiON, LLC ("LiiON") through an asset purchase agreement, entered into with one of Alternus' US subsidiaries. LiiON is a U.S.-based leader in advanced energy storage solutions. The company was...
Alternus Clean Energy Announces Binding Terms for Acquisition of Leadi...
Acquisition will bring proven pedigree and expertise in battery storage and support push into MicrogridsNew York, New York--(Newsfile Corp. - November 25, 2024) - Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("Alternus"), a growing international renewable energy provider, today announces the signing of binding terms with LiiON, LLC, ("LiiON") a U.S.-based expert in advanced energy storage solutions. LiiON was founded in 2009 by a group of senior power quality experts with extensive backgrounds in engineering, marketing and sales of storage technology and services with large battery companies in ...
Alternus Clean Energy Continues Deleveraging Program by Removing Addit...
New York, New York--(Newsfile Corp. - November 12, 2024) - Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("ALCE", "Company") announces that it recently completed the sale of certain of its SPVs to Alternus Energy Group Plc. ("AEG") a majority shareholder of the Company. As a result, the Company has removed approximately $30 million in debt and payables from the consolidated financials and improved ALCE's shareholder equity by approximately $4 million.ALCE has now reduced total debt by approximately $130 million, with resultant improvement in shareholders' equity of over $50 million with recent di...
Alternus Secures First Investment Tax Credit under the IRA to Finance ...
Net funds from tax credit transfer reduced existing debt, further deleveraging balance sheet.Fort Mill, South Carolina--(Newsfile Corp. - October 23, 2024) - Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("Alternus"), a leading utility-scale transatlantic, clean energy independent power producer (IPP), has completed its first closing of a tax equity transaction, using the investment tax credit (ITC) structure introduced in the Inflation Reduction Act (IRA).The transaction was completed by a wholly owned subsidiary of Alternus in the form of a tax credit transfer of approximately $1.74 million of ...
Alternus Clean Energy, Inc. Announces 1-for-25 Reverse Stock Split as ...
Fort Mill, South Carolina--(Newsfile Corp. - October 9, 2024) - Alternus Clean Energy Inc. (NASDAQ: ALCE) ("Alternus"), a leading utility-scale transatlantic, clean energy independent power producer (IPP), today announced that it will effect a 1-for-25 reverse stock split of its common stock. The reverse stock split will become effective at 12:01 a.m. Eastern Time on Friday, October 11, 2024, and the Company's common stock will commence trading on the Nasdaq Capital Market on a post-split basis at the opening of the market on October 11, 2024, pending confirmation by the Depository Trust Compa...
Alternus Sheds $100 Million of Debt and Payables, Improves Shareholder...
Fort Mill, South Carolina--(Newsfile Corp. - October 8, 2024) - Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("Alternus"), announces that on October 3, 2024, by mutual agreement and in furtherance of the Company's balance sheet improvement activities, Solis Bond Company DAC ("Solis"), a company formed under the laws of Ireland and an indirect wholly owned subsidiary of the Company, was sold, along with its subsidiaries in Romania, to Solis Trustee Special Vehicle Limited, the Solis Bondholders' ownership vehicle, for one Euro (€1.00) in accordance with the terms of the Solis Bonds, as amended. A...
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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