Alternus' US Sunrise: 32MW Solar Scheme

• Alternus Energy acquires 32MW solar project in Tennessee, US, to generate $2.3m in annual revenue. 30-year power purchase agreements with two regional utilities ensure project's success, with tip of the spear CEO Vincent Browne expecting it to be operational for the 1st quarter of 2025.

Transatlantic renewable independent power producer Alternus Energy has acquired a 32MW solar project in Tennessee, US. The Dancing Horse scheme, part of a larger portfolio of three known as Sunrise, is expected to begin operations in the first quarter of 2025 and generate approximately $2.3m in annual revenue. The power generated will be offtaken by two regional utilities through 30-year power purchase agreements. Alternus CEO Vincent Browne stated that the acquisition marks "the tip of the spear" as the company looks to drive growth in the US. He believes the project will be connected on time and increase the company's revenue visibility.

What Growth Is Alternus Driving in US?

• Alternus Energy is positioning itself to capitalize on the growing US market for renewable energy, aiming to bring clean, cost-effective renewable power to customers.
• The company plans to invest in more solar projects in the US, and has an aggressive plan to develop and invest in up to 1.5GW of solar and wind projects in the near future.
• Alternus Energy's goal is to expand its presence in the US, helping to reduce emissions from traditional energy sources and increase renewable energy production.
• The company believes its solar projects will provide economic benefits to local communities, creating jobs in the area and contributing to local tax revenue.
• As part of its growth strategy, Alternus Energy is also looking to develop new technologies and research solutions to renewable energy challenges.
• Alternus Energy is committed to reducing its own emissions and helping to create a low-carbon future, with a goal to be carbon neutral by 2030.