Alternus Clean Energy Signs Agreement With A US Hedge Fund to Acquire 80 MWp Of Operating Portfolio; Portfolio Expected To Generate $6.7M Of Revenue Annually
Portfolio Pulse from Benzinga Newsdesk
Alternus Clean Energy (ALCE) has entered into an agreement with a US hedge fund to acquire an 80 MWp operating portfolio, which is anticipated to generate $6.7 million in annual revenue. This strategic move is expected to significantly enhance ALCE's asset base and revenue stream, marking a pivotal development in its growth trajectory.
May 01, 2024 | 12:59 pm
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Alternus Clean Energy's acquisition of an 80 MWp operating portfolio is set to boost its revenue by $6.7M annually, marking a significant step in its expansion and financial growth.
The acquisition directly impacts ALCE by expanding its operating portfolio and significantly increasing its annual revenue. This move is likely to be viewed positively by investors, as it indicates growth and an enhanced ability to generate revenue, potentially leading to an increase in stock price in the short term.
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