Alternus Energy gets bulk risk in solar designer as well as O&M provider Unisun

Jun 8, 2021 01:58 PM ET
  • Irish independent power manufacturer Alternus Energy Group has gotten a 60% stake in solar programmer Unisun Energy, including 250MW of PV projects in the Netherlands at various stages of growth to its portfolio.
Alternus Energy gets bulk risk in solar designer as well as O&M provider Unisun

In addition to providing design, procurement and building (EPC) services, Netherlands-based Unisun also carries out solar procedures and maintenance (O&M) resolve its Uper Energy Europe subsidiary.

Alternus paid EUR650,000 (US$ 791,000) in cash money as well as about EUR150,000 in shares for a 60% possession in Unisun Energy, with the previous two proprietors, Chief Executive Officer Andre Kempenaars and COO Leon Heijkoop, keeping a 40% risk and also keeping their positions with the firm.

Vincent Browne, CEO of Alternus, stated the offer implies the company can currently develop as well as build its own solar parks. "This ability will permit us to decrease the preliminary develop expenses and also produce long-term functional financial savings. The lower resources costs lower our demand for outside funding as the EPC margins otherwise paid to 3rd parties can currently be reinvested."

As part of the procurement, it is expected Alternus will certainly get expense savings of 60% in the operations and upkeep of its Zonnerpak Rilland plant in the Netherlands, a project that Unisun presently supplies O&M services for, having sold the park to Alternus in 2019.

Alternus's present solar portfolio contains 39 possessed or gotten solar projects in Germany, Italy, the Netherlands, Romania and Poland over of 150MWp ability. The business intends to own and operate more than 2GW of solar by the end of 2025.

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