Alternus Clean Energy (ALCE) has shared an update.
Solis, a subsidiary of Alternus Clean Energy, issued green bonds totaling €200 million with a 6.5% coupon rate plus EURIBOR in 2021. After breaching financial covenants, bondholders granted multiple waivers and extensions, the latest until September 30, 2024, with potential month-to-month extensions until November 29, 2024. Meanwhile, Alternus Clean Energy announced accelerated installations and contracts for units valued at $3-4 million, but cautions that forward-looking statements are subject to risks and uncertainties that could affect actual results.
See more insights into ALCE stock on TipRanks’ Stock Analysis page.
