Alternus Clean Energy acquires 80 MW U.S. solar portfolio from investment fund for $60 million
Alternus Clean Energy, Inc. finalized an agreement to acquire a renewable energy portfolio totaling over 80 MWp from a U.S.-based investment fund for $60 million. The portfolio consists of 33 solar projects distributed across eight U.S. states, significantly expanding Alternus Clean Energy's geographical footprint. Upon completion, the acquisition will increase the company's operational solar capacity to over 120 MWp by mid-2024, with projected annual revenue of approximately $6.7 million. The deal underscores Alternus Clean Energy's strategic focus on scaling its renewable energy assets in the U.S. market. No additional details on project locations or specific financial terms beyond the total value were disclosed in the announcement.
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