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Alternus Clean Energy to Acquire 80-MWp Solar Portfolio for $60 Million, Boosting Revenue and Earnings.

US solar developer, installer and power producer Alternus Clean Energy Inc (NASDAQ:ALCE) has agreed to acquire an 80-MWp portfolio of solar parks across eight states in the US. The purchase, valued at approximately USD 60 million (EUR 56m), includes existing project debt. The portfolio includes 33 assets, with the output of these being contracted under long-term offtake agreements with 16 counterparties. The closing of the deal is dependent on restructuring and assumption of the portfolio’s existing debt, and is expected to occur by the end of this year’�s second quarter. The acquisition of these assets will immediately boost Alternus’ revenue and earnings accretive, adding to its books with average revenues of USD 6.7 million and USD 5.1 million annually.

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