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Alternus Energy 1.2 GWp solar project acquisitions set to generate €85M in annual recurring revenues

Alternus Energy Group PLC (NOTC:ALT) CEO Vincent Browne tells Proactive the European independent power producer is set to see a nearly tenfold increase in its power capacity by the end of 2023. Browne says it has agreed terms to acquire over 1.2 GWp of additional solar PV projects, set to be acquired this year. If all projects reach commercial operation, the total asset base would increase by over ten times from today’s levels – and generate around €85 million in annual recurring revenues.

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