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.
It depends on what you believe.
Fox News will tell you that our southern border is no longer being overrun, that we’ve discovered that vaccinations are unsafe, that we’re standing up against Sharia Law, we’re preventing Iran from building a nuclear weapon, prices are coming down (or soon will be), Trump is an honest and effective servant of the American people and that the U.S. is once again respected on the world stage.
We live in a country where tens of millions of idiots believe every word of this.
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I met a guy today from a rural part of Central England–“nothing but farms and pubs,” as he put it. His father was an epidemiologist working for the United Nations, and so, as a boy, he lived all over the world and grew up largely in developing countries that suffered from horrific diseases.
He and his wife had the conversation one would expect from such people:
- Why are we so content to ignore climate change that is ruining our planet?
- Why are people so indifferent to the suffering of others?
- How is it possible that billionaires expect to live well here on Earth while 99.9% of us suffering with wildfires, devastating storms, blistering heat, losses of landmasses, and desertification?
- At the end of the day, is money really that precious?
Obviously, not everyone thinks this way, but to be in something of a “lovefest” for just a few minutes was a great relief.
relief.
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