Alternus Energy Inc (OTCMKTS:ALTN)

Alternus Energy Inc (OTCMKTS:ALTN)

Share Price
$ 0.02
0 (0.00 %)
Market Cap
$1.51 m
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Alternus Energy Inc

Alternus Energy formerly known as Power Clouds develops renewable and sustainable energy projects worldwide and engages in planning, creating and managing photovoltaic plants all over the world. It identifies optimal locations for its solar plants and then supports these projects with the coordination of business development activities and the strategic resources of engineers, suppliers,...

52-week High/Low: $0.20 / $0.02
Sector: Cleantech and Renewable Energy
Market Cap: $1.51M
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Alternus Energy Inc Snapshot

Power Clouds is rolling up small operational European Utility Scale Solar parks at discounts of up to 25% on secondary market pricing.  The main growth strategy is targeted on acquiring identical highly profitable operating power plants to build a diversified portfolio across multiple geographies. All parks are connected directly to national power grids under 20 year fixed priced Government contracts, that deliver stable and predictable income streams from the first day of ownership. The certainty of income from government contracts allows PWCL to fund up to 80% of the acquisition cost from leading local banks at very low interest rates that are fixed for 10 years or more. These combined elements deliver higher returns on investment for PWCL than are typical in the industry. The company currently has 10MW operational in Italy, Germany and Romania with contracts to acquire 200MW+ over the next 2-3 years in Germany alone.

Vincent Browne
Chief Excecutive Officer | Power Clouds Inc.

Bringing a wealth of experience in both listed and private companies covering all aspects of finance and management, Vincent has an extensive background in finance and operations, including experience in merger & acquisitions, project finance and capital market transactions for both public and private companies.

Gita Shah
Programme Manager – Project Acquisitions | Power Clouds Inc.

Gita has 7 years experience in delivering public and private infrastructure projects as part of a wider team. Previous to joining PWCL Gita held the position of Development Executive in Irish Renewable Energy Start-up Stream Bioenergy.

Stefano Stavrogiannis
Italian Operations Manager | Power Clouds Inc.

Stefano has over 15 years experience in consultancy activities. In 2003 he founded Deltasigma Ltd which specializes in Business Development and Strategy Consultation in the Industrial fields of Manufacturing, Energy including Oil and Gas and Renewables and Infrastructures/Buildings.

Francesco Messina
Romanian Operations Manager | Power Clouds Inc.

Francesco studied Electronics and Telecommunications in Bari, Italy. After completing his studies, he worked with numerous Italian companies in the electromechanical sector and acquired expertise in the design, processing and wiring of equipment and systems.

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Power Clouds HQ
One World Trade Centre
Suite 8500
New York
NY 10007

Power Clouds S.r.l
218 Calea Floreasca

Power Clouds Italy
36  Fulvio Renella str

Power Clouds Europe B.V.
Prins Bernhardplein 200

+1 212 220 7434

[email protected]

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