Alternus Energy (TKR: ALTN) is a US listed public company, that develops, owns and operates Utility Scale Solar projects internationally that provide clean energy to national power grids under long term, government supported, fixed price contracts. The Company currently has operational ground mounted parks in Romania (6.1MW) and recently completed the acquisition of 10MW’s worth of Commercial Rooftop Solar PV parks in Germany with a 200MW Frame Agreement in place over the next 3 years. Alternus also has an additional operational ground mounted park in Italy with 7.5MW of PV parks under exclusive contract for immediate close. The company is also exploring options for expansion into new European markets in 2019.
Alternus Energy acquires multiple independent solar parks within several countries so that income streams are generated from a diverse portfolio rather than a few large parks within one regulatory regime. In-country diversification of plants coupled with international diversification ensures that the economic, environmental and financial risk is spread out over multiple jurisdictions. Company strategy is that no more than 25% of group revenues will come from a single geography in medium term and beyond that the target is less than 15% from a single geography.