Alternus Clean Energy FY23 Revenue $20.08M Up From $17.09M YoY, Net Loss $(0.93) Down From $(0. 32) YoY
$ALCE
Power Generation
Utilities
Alternus Clean Energy FY23 Revenue $20.08M Up From $17.09M YoY, Net Loss $(0.93) Down From $(0. 32) YoY
Save time and jump to the most important pieces.
New York, New York--(Newsfile Corp. - November 12, 2024) - Alternus Clean Energy, Inc. (NASDAQ:ALCE) ("ALCE", "Company") announces that it recently completed the sale of certain of its SPVs to Alternus Energy Group Plc. ("AEG") a majority shareholder of the Company. As a result, the Company has removed approximately $30 million in debt and payables from the consolidated financials and improved ALCE's shareholder equity by approximately $4 million.ALCE has now reduced total debt by approximately $130 million, with resultant improvement in shareholders' equity of over $50 million with recent divestments and discontinuation of non-core or no longer economic activities. The Company is moving to
Net funds from tax credit transfer reduced existing debt, further deleveraging balance sheet.Fort Mill, South Carolina--(Newsfile Corp. - October 23, 2024) - Alternus Clean Energy, Inc. (NASDAQ:ALCE) ("Alternus"), a leading utility-scale transatlantic, clean energy independent power producer (IPP), has completed its first closing of a tax equity transaction, using the investment tax credit (ITC) structure introduced in the Inflation Reduction Act (IRA).The transaction was completed by a wholly owned subsidiary of Alternus in the form of a tax credit transfer of approximately $1.74 million of 2023 ITCs. The project portfolio consists of the Omohundro Solar Project ("Omohundro") and the White'
Fort Mill, South Carolina--(Newsfile Corp. - October 9, 2024) - Alternus Clean Energy Inc. (NASDAQ:ALCE) ("Alternus"), a leading utility-scale transatlantic, clean energy independent power producer (IPP), today announced that it will effect a 1-for-25 reverse stock split of its common stock. The reverse stock split will become effective at 12:01 a.m. Eastern Time on Friday, October 11, 2024, and the Company's common stock will commence trading on the Nasdaq Capital Market on a post-split basis at the opening of the market on October 11, 2024, pending confirmation by the Depository Trust Company and the Nasdaq. The Company's common stock will continue to trade on the Nasdaq Capital Market und
Debt reduced by $80 million(40%) during H1Additional market focus in microgridsFort Mill, South Carolina--(Newsfile Corp. - August 27, 2024) - International Renewable Independent Power Producer (IPP) Alternus Clean Energy Inc. (NASDAQ:ALCE) (OTC:ACLEW) (the "Company" or "Alternus") recently announced its unaudited financial results for the three and six months ended June 30, 2024 and additionally restated results for its first quarter, 2024.Highights For the Three Months Ended June 30, 2024Operating assets generated over 18GW hours of clean energy delivered to local power grids. Overall power production was up 14% when adjusted for the Italian parks included in 2023, that where sold in Dece
8-K - Alternus Clean Energy, Inc. (0001883984) (Filer)
8-K - Alternus Clean Energy, Inc. (0001883984) (Filer)
8-K - Alternus Clean Energy, Inc. (0001883984) (Filer)
Alternus Clean Energy Inc (NASDAQ:ALCE) shares are shooting higher after the company entered into a joint venture with Acadia Energy to co-develop 200 megawatts (MW) of Sustainability Hub microgrid projects in New York State. The partnership will leverage Alternus’ expertise in renewable energy development and operations with Acadia’s established track record and pipeline of projects in the region. The joint venture will focus on developing and operating a portfolio of microgrid projects over the next 2-3 years. The Acadia microgrids will combine renewable energy and storage and offer green, resilient power to support local economic growth and sustainability. Under the terms, A