Asset supervisor AVG invests USD 10m in solar energy co Alternus

• Luxembourg-based and also Nordics-focused possession supervisor AVG Group Sarl has spent NOK 80 million (USD 9.6 m/EUR 8m) in solar plants operator Alternus Energy Group Plc

Alternus is an independent power manufacturer (IPP) that focuses on mid-sized solar power plants. The company introduced procedures in 2016 with 6 MWp of capability as well as has actually because developed a profile of 39 possessed or gotten parks in Germany, Italy, Netherlands, Romania and Poland with an overall going beyond 140 MWp. It is preparing yourself to acquire a further 1.2 GW of projects and also has an objective of expanding to more than 2 GW of operational solar parks by the end of 2025.

AVG stated in a statement that it intends to provide additional financial support to Alternus in the coming years and to help it acquire funds from federal governments in the Nordic area. Additionally, it will certainly offer advice to a Norwegian subsidiary of Alternus.