Alternus Energy completes 24-MW solar buy in Poland

• Alternus Energy Group Plc (OSE: ALT) claimed Thursday it has wrapped up its purchase of 11 MW of solar parks in Poland, concluding a bigger, 24-MW purchase.

The Dublin-based independent power producer (IPP) hence reached 88.6 MW of functional capacity in the nation.

The solar farms, of 1 MW each, lie in various parts of Poland. Commercial procedures for the 11 MW began in the first quarter of this year under 15-year government offtake agreements. Alternus Energy will certainly supervise of the possession management while its unit Uper Energy BV will tackle the operations and also maintenance (O&M).

In December, Alternus completed the purchase of 13 MW from the same unrevealed programmer in Poland. It funded the two handle bond issuances in November 2021 as well as March 2022.

"Our acquired pipe goes beyond 350 MW, 150 MW of which has been secured with the same growth companion underpinning our commitment to long term development partnerships. We expect continuing this effective cooperation and contributing to Poland's decarbonisation initiatives," stated Vincent Browne, Chairman and chief executive officer.