Alternus Clean Energy to Participate at The Microcap Conference 2025 Alongside Top Growth Companies
New York, New York--(Newsfile Corp. - January 27, 2025) - Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("Alternus"), a global provider of international renewable energy solutions, today announced that it will participate at The Microcap Conference 2025, a premier event for growth-focused companies and investors. The conference will take place January 28-30, 2025, at the Borgata Hotel Spa & Casino in Atlantic City, NJ.Alternus will engage in one-on-one meetings with institutional and individual investors to discuss the Company's recent developments, growth...
2025-01-27 8:30 AM EST
Alternus Clean Energy Announces Closing of $2.25 Million Private Placement
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...
2025-01-24 8:30 AM EST
Alternus Clean Energy Announces Pricing of $2.25 Million Private Placement
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...
2025-01-22 8:30 AM EST
Alternus Clean Energy CEO Vincent Browne Highlights Milestones and Growth Vision for 2025 on Proactiveinvestors.com
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 Proactiveinvestors.com.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...
2025-01-16 8:30 AM EST
Alternus Clean Energy Secures Full Permitting for First of Its Eleven Italian Solar Projects; Construction is Expected to Start in Q2 2025
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 annual revenue, over...
2025-01-08 9:35 AM EST
Alternus Clean Energy Completes Acquisition of LiiON, a Leading US-Based Provider of Advanced Energy Storage Solutions
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...
2024-12-12 11:00 AM EST
Alternus Clean Energy Announces Binding Terms for Acquisition of Leading Storage and Solution Provider LiiON, LLC
New 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 the industry.The acquisition marks a pivotal expansion...
2024-11-25 9:14 AM EST
Alternus Clean Energy Continues Deleveraging Program by Removing Additional $30 Million of Debt, Improving Shareholder Equity by Approximately $4 Million
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...
2024-11-12 10:00 AM EST
Alternus Secures First Investment Tax Credit under the IRA to Finance Solar Projects
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 2023 ITCs. The project portfolio consists...
2024-10-23 8:30 AM EDT
Alternus Clean Energy, Inc. Announces 1-for-25 Reverse Stock Split as Part of Nasdaq Compliance Plan
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...
2024-10-09 8:30 AM EDT
Alternus Sheds $100 Million of Debt and Payables, Improves Shareholder Equity Position By Circa $45 Million From Disposal Of Certain Subsidiaries
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...
2024-10-08 8:30 AM EDT
Alternus Clean Energy Receives Nasdaq Delisting Notice; Intends to Appeal and Regain Compliance Within Timeframes Allowed
Fort Mill, South Carolina--(Newsfile Corp. - September 20, 2024) - Alternus Clean Energy Inc. (NASDAQ: ALCE) ("Alternus", "The Company") received a Delisting Notice from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq") informing the Company that Nasdaq has determined the Company had not regained compliance with the minimum closing bid price requirement for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2).In response, Alternus plans to appeal the decision under Nasdaq rules and intends to...
2024-09-20 4:00 PM EDT
Alternus Clean Energy Announces Termination of Membership Interest Purchase and Sales Agreement (MIPSA) for Portfolio of Solar Parks
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...
2024-09-19 4:02 PM EDT
Alternus Clean Energy and Partner Hover Energy Accelerating Pace of Installations with Contracts Completed for Additional Units Valued Between $3m- $4m
Fort 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...
2024-08-28 9:05 AM EDT
Alternus Clean Energy Reports Financial Results for Three and Six Months Ended June 30, 2024
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...
2024-08-27 9:29 AM EDT
Alternus Clean Energy and Hover Energy Announce Exciting New Joint Venture to Deliver Next Generation Microgrid Solutions to Data Centers and Corporate Customers
Fort 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 Energy's valuable microgrid patented...
2024-08-08 8:00 AM EDT