Alternus Clean Energy Secures Full Permitting for First of Its Eleven Italian Solar Projects; Construction is Expected to Start in Q2 2025
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Alternus Clean Energy, Inc. (NASDAQ: ALCE) has secured full permitting for its first solar project in Italy, with construction set to begin in Q2 2025. The 18MW project is expected to generate $2 million annually in recurring revenues.
January 08, 2025 | 3:00 pm
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Alternus Clean Energy has secured full permitting for its first Italian solar project, with construction starting in Q2 2025. The project is expected to generate $2 million annually.
The news of securing full permitting for the solar project is a positive development for Alternus Clean Energy, indicating progress in their expansion plans. The expected $2 million in annual revenue from the project suggests a potential increase in future earnings, which is likely to positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100