Alternus Clean Energy Continues Deleveraging Program by Removing Additional $30 Million of Debt, Improving Shareholder Equity by Approximately $4 Million

Core Viewpoint - Alternus Clean Energy, Inc. has successfully reduced its debt by approximately $30 million through the sale of certain special purpose vehicles (SPVs) to its majority shareholder, Alternus Energy Group Plc, which has also improved shareholder equity by about $4 million [2][5]. Group 1: Debt Reduction and Financial Improvement - The company has now reduced total debt by approximately $130 million, resulting in an improvement in shareholders' equity of over $50 million through recent divestments and the discontinuation of non-core activities [3]. - The recent sale of assets is part of a broader strategy to reduce debt and enhance shareholder equity, positioning the company for future growth [5]. Group 2: Business Strategy and Expansion - Alternus Clean Energy is shifting its focus from an exclusive emphasis on utility-scale solar to diversifying its business activities and revenue streams, including high-margin segments such as microgrids and battery storage [3]. - The relocation of the company's headquarters from Ft. Mill, SC to New York, NY aims to strengthen ties with financial partners and the investment community [4]. Group 3: Company Overview - Alternus Clean Energy, Inc. is a transatlantic independent power producer (IPP) specializing in the development, installation, ownership, and operation of utility-scale solar parks in America and Europe [6].