Alternus Energy Expands with Strategic Solar Parks Acquisition

Alternus Clean Energy (ALCE) has provided an update.

ALT US 01 LLC, a subsidiary of Alternus Clean Energy, Inc., has signed an agreement to acquire 100% of the membership interests in Taiyo Holding LLC, which owns a network of solar parks in the U.S. with a capacity of 80.7 MWp, for a net purchase price of about $15 million plus adjustments. The deal, expected to close by June 30, 2024, subject to conditions including debt restructuring and lender consent, forms part of the Company’s strategic expansion in clean energy, although there’s no certainty that the acquisition will be finalized within the expected timeframe.

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