Alternus Clear Power has agreed to amass an 80 MW portfolio of 33 working PV tasks distributed throughout eight U.S. states.
The portfolio has agreements in place, the corporate says, with a median remaining time period of 12 years by 16 totally different counterparties.
Whole consideration is roughly $60 million together with present challenge debt. Alternus plans to fund the acquisition on the challenge degree with the goal for completion by the tip of this quarter.
“We’re excited with the signing of those definitive agreements as we mark the primary of our many recognized strategic acquisitions and different development initiatives within the U.S., following our profitable itemizing on Nasdaq in December,” says Vincent Browne, Alternus Clear Power CEO.
“On completion, this can nearly triple our operational tasks to over 120 MW and can additional improve operational efficiencies and monetary efficiency throughout our renewable power belongings within the U.S. and Europe. The portfolio shall be instantly income and earnings accretive generated by a various mixture of income streams from high quality long run offtake contracts.”
Closing of the acquisition remains to be topic to sure closing situations, together with restructuring and assumption of the prevailing debt.
