Alternus Clean Energy Secures Full Permitting for First of Its Eleven Italian Solar Projects; Construction is Expected to Start in Q2 2025

Core Insights - Alternus Clean Energy has secured full permitting for its first solar project in Italy, with construction expected to start in Q2 2025, marking a significant step in its expansion into the European solar market [1][2] - The 18MW project is projected to generate approximately $2 million annually in recurring revenues over its 30-year lifespan, with an estimated EBITDA margin of 80% [1][3] - Upon completion, the company could realize $7 million in cash proceeds if it opts to sell the project once operational [1] - The entire portfolio of eleven solar projects is expected to achieve similar development status by Q4 2025 and Q1 2026 [1] Financial Projections - Once the entire Italian portfolio becomes operational, the company anticipates generating over $25 million in annual long-term income streams [3] - If the company decides to sell the entire portfolio, it could yield approximately $50 million in equity value [3] Company Vision and Strategy - Alternus aims to reach 3GW of operating projects within five years through organic development and strategic opportunities [4] - The company is committed to leading the renewable energy revolution by providing sustainable energy solutions that create lasting value for stakeholders [3][4]