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Alternus Clean Energy has agreed to acquire an 80 MW portfolio of 33 operating PV projects, distributed across eight U.S. states. 

The portfolio has agreements in place, the company says, with an average remaining term of 12 years through 16 different counterparties. 

Total consideration is approximately $60 million including existing project debt. Alternus plans to fund the acquisition at the project level with the target for completion by the end of this quarter.

“We are excited with the signing of these definitive agreements as we mark the first of our many identified strategic acquisitions and other growth initiatives in the U.S., following our successful listing on Nasdaq in December,” says Vincent Browne, Alternus Clean Energy CEO.

“On completion, this will almost triple our operational projects to over 120 MW and will further enhance operational efficiencies and financial performance across our renewable energy assets in the U.S. and Europe. The portfolio will be immediately revenue and earnings accretive generated by a diverse mix of revenue streams from quality long term offtake contracts.”

Closing of the acquisition is still subject to certain closing conditions, including restructuring and assumption of the existing debt.

The post Alternus Clean Energy to Acquire 80 MW of Domestic Solar appeared first on Solar Industry.

Alternus Clean Energy to Acquire 80 MW of Domestic Solar

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Renewable Energy

Bravery Meets Tragedy: An Unending Story

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Here’s a story:

He had 3 days left until graduation.

STEM School Highlands Ranch. May 7, 2019.

Kendrick Castillo was 18. A robotics student. College bound. Accepted into an engineering program. The final week of school felt like countdown, not crisis.

Then a weapon appeared inside a classroom.

Students froze.

Kendrick did not.

Witnesses say he moved instantly. He lunged toward the attacker. No hesitation. No calculation.

Two other students followed his lead.

Gunfire erupted.

Kendrick was fatally sh*t.

But his movement changed the room.

Classmates were able to tackle and restrain the attacker until authorities arrived. Investigators later stated that the confrontation disrupted the attack and likely prevented additional casualties.

In seconds, an 18-year-old made a decision most adults pray they never face.

Afterward, the silence was heavier than the noise.

At graduation, his name was called.

His diploma was awarded posthumously. The arena stood in collective applause. An empty seat. A cap and gown without the student inside it.

His robotics teammates remembered him as curious. Competitive. Kind. Someone who solved problems instead of avoiding them.

He had planned to build machines.

Instead, he built a moment.

A moment that classmates say gave them time.

Time to escape.

Two points:

If you can read this without tears welling up in your eyes, you’re a far more stoic person than I.

Since Big Money has made it impossible for the United States to implement the same common-sense gun laws that exist in the rest of the planet, this story will reduplicate itself into perpetuity.

Bravery Meets Tragedy: An Unending Story

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Renewable Energy

Forced Transgendering of America’s Little Kids

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How often does this happen? How about never?

Trump loves to say that little boys go to school and come back home little girls.

He’s the most powerful person in the world for exactly one reason: We’re a nation of morons.

Forced Transgendering of America’s Little Kids

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Renewable Energy

Illegal Aliens and U.S. Veterans

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Two comments:

That the United States has homeless veterans is a national (and international) disgrace.

By definition, no one has the legal right to enter the U.S. illegally, but according to our constitution, everyone in America is entitled to due process.

Illegal Aliens and U.S. Veterans

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