Alternus Clean Energy Secures Permits for First Italian Solar Project, Eyes $25M Annual Revenue
January 8, 2025
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Alternus Clean Energy (NASDAQ: ALCE) has secured full permitting for the first of eleven solar projects in Italy, with construction scheduled to begin in Q2 2025. The 18MW project, expected to be completed by mid-2026, is projected to generate $2 million in annual revenue with an 80% EBITDA margin over its 30-year lifespan.
The project has completed its first 60-day challenge period, and the remaining portfolio is expected to achieve similar development status between Q4 2025 and Q1 2026. If sold after becoming operational, this initial project could generate $7 million in cash proceeds.
Once the entire Italian portfolio becomes operational, Alternus anticipates generating over $25 million in annual income. If the company decides to sell the complete portfolio, it could yield approximately $50 million in equity value.
Alternus Clean Energy (NASDAQ: ALCE) ha ottenuto tutti i permessi necessari per il primo dei undici progetti solari in Italia, con l’inizio della costruzione previsto per il secondo trimestre del 2025. Il progetto da 18 MW, che dovrebbe essere completato entro la metà del 2026, è previsto generare 2 milioni di dollari di entrate annuali con un margine EBITDA dell’80% nel corso della sua vita operativa di 30 anni.
Il progetto ha completato il suo primo periodo di sfida di 60 giorni, e si prevede che il portafoglio rimanente raggiunga uno stato di sviluppo simile tra il quarto trimestre del 2025 e il primo trimestre del 2026. Se venduto dopo essere diventato operativo, questo progetto iniziale potrebbe generare 7 milioni di dollari in ricavi in contante.
Una volta che l’intero portafoglio italiano sarà operativo, Alternus prevede di generare oltre 25 milioni di dollari di reddito annuale. Se l’azienda decidesse di vendere l’intero portafoglio, potrebbe generare circa 50 milioni di dollari di valore patrimoniale.
Alternus Clean Energy (NASDAQ: ALCE) ha conseguido todos los permisos para el primero de once proyectos solares en Italia, con la construcción programada para comenzar en el segundo trimestre de 2025. Se espera que el proyecto de 18 MW se complete para mediados de 2026, y se proyecta que generará 2 millones de dólares en ingresos anuales con un margen de EBITDA del 80% durante su vida útil de 30 años.
El proyecto ha completado su primer período de impugnación de 60 días, y se espera que el portafolio restante logre un estado de desarrollo similar entre el cuarto trimestre de 2025 y el primer trimestre de 2026. Si se vende después de convertirse en operativo, este proyecto inicial podría generar 7 millones de dólares en ingresos en efectivo.
Una vez que todo el portafolio italiano esté operativo, Alternus anticipa generar más de 25 millones de dólares en ingresos anuales. Si la empresa decide vender el portafolio completo, podría generar aproximadamente 50 millones de dólares en valor patrimonial.
Alternus Clean Energy (NASDAQ: ALCE)는 이탈리아에서의 11개 태양광 프로젝트 중 첫 번째 프로젝트에 대한 전면 허가를 확보하였으며, 건설은 2025년 2분기에 시작될 예정입니다. 18MW 규모의 이 프로젝트는 2026년 중반까지 완료될 것으로 예상되며, 30년 lifespan 동안 연간 200만 달러의 수익을 생성하고 80%의 EBITDA 마진을 기록할 것으로 보입니다.
이 프로젝트는 첫 60일 동안의 도전 과정을 완료하였으며, 나머지 포트폴리오도 2025년 4분기와 2026년 1분기 사이에 유사한 개발 상태를 달성할 것으로 예상하고 있습니다. 운영이 개시된 후에 판매될 경우, 이 초기 프로젝트는 700만 달러의 현금 수익을 창출할 수 있습니다.
이탈리아의 모든 포트폴리오가 운영되면, Alternus는 연간 2500만 달러 이상의 소득을 창출할 것으로 예상하고 있습니다. 회사가 전체 포트폴리오를 판매하기로 결정하면, 약 5000만 달러의 자본 가치를 창출할 수 있습니다.
Alternus Clean Energy (NASDAQ: ALCE) a obtenu tous les permis nécessaires pour le premier des onze projets solaires en Italie, dont la construction est prévue pour le deuxième trimestre 2025. Le projet de 18 MW, qui devrait être achevé d’ici la mi-2026, devrait générer 2 millions de dollars de revenus annuels avec une marge EBITDA de 80% sur toute sa durée de vie de 30 ans.
Le projet a complété sa première période de contestation de 60 jours, et le reste du portefeuille devrait atteindre un statut de développement similaire entre le quatrième trimestre 2025 et le premier trimestre 2026. S’il est vendu après être devenu opérationnel, ce projet initial pourrait générer 7 millions de dollars de recettes en espèces.
Une fois que l’ensemble du portefeuille italien sera opérationnel, Alternus prévoit de générer plus de 25 millions de dollars de revenus annuels. Si l’entreprise décide de vendre l’intégralité du portefeuille, cela pourrait représenter environ 50 millions de dollars de valeur d’équité.
Alternus Clean Energy (NASDAQ: ALCE) hat die vollständige Genehmigung für das erste von elf Solarprojekten in Italien erhalten, wobei der Bau für das zweite Quartal 2025 geplant ist. Das 18-MW-Projekt, das bis zur Mitte des Jahres 2026 abgeschlossen sein soll, wird voraussichtlich 2 Millionen Dollar an jährlichen Einnahmen mit einer EBITDA-Marge von 80 % über eine Lebensdauer von 30 Jahren erzielen.
Das Projekt hat seine erste 60-tägige Challenge-Phase abgeschlossen, und das verbleibende Portfolio soll zwischen dem vierten Quartal 2025 und dem ersten Quartal 2026 einen ähnlichen Entwicklungsstatus erreichen. Sollte es nach der Inbetriebnahme verkauft werden, könnte dieses erste Projekt 7 Millionen Dollar an Barerträgen generieren.
Sobald das gesamte italienische Portfolio in Betrieb ist, geht Alternus davon aus, über 25 Millionen Dollar an jährlichem Einkommen zu generieren. Wenn das Unternehmen sich entscheidet, das gesamte Portfolio zu verkaufen, könnte es einen ungefähren Wert von 50 Millionen Dollar in Eigenkapital erzielen.
Positive
- Secured full permitting for first Italian solar project
- Project expected to generate $2 million annual revenue with 80% EBITDA margin
- Potential $7 million cash proceeds if sold after completion
- Full portfolio projected to generate $25 million annual income
- Potential $50 million equity value from selling entire portfolio
Negative
- Construction won’t begin until Q2 2025
- Project completion delayed until mid-2026
- Remaining portfolio development extends into Q1 2026
Insights
This Italian solar project marks a substantial revenue opportunity for ALCE with compelling financial metrics. The $2 million annual revenue projection with an 80% EBITDA margin demonstrates exceptional operational efficiency. The dual-path monetization strategy is particularly noteworthy – either generating steady long-term income or capturing $7 million in immediate value through sale.
The broader portfolio potential of $25 million annual revenue or $50 million in equity value through sale represents a transformative opportunity for a company with a $3 billion market cap. The successful permitting process de-risks the project significantly, though investors should monitor construction execution in Q2 2025 and completion timeline by mid-2026.
Think of this as planting a money tree – ALCE can either harvest annual fruits ($2 million recurring revenue) or sell the whole tree ($7 million one-time). The 80% EBITDA margin is exceptional compared to the industry average of 30-40% for solar projects.
The successful permitting of this 18MW solar project in Italy represents more than just regulatory compliance – it demonstrates ALCE’s ability to navigate complex European energy markets. Italy’s solar sector is particularly attractive due to high irradiance levels, supportive feed-in tariffs and the country’s commitment to renewable energy expansion.
The completion of the 60-day challenge period significantly reduces development risk. The Q2 2025 construction timeline aligns well with typical seasonal construction patterns in Mediterranean climates. The 30-year projected lifespan is conservative and achievable given current solar technology reliability.
For context, this project’s 18MW capacity could power approximately 5,400 Italian households, contributing meaningfully to Italy’s renewable energy targets. The successful execution of this first project will likely streamline the development process for the remaining ten projects in the portfolio.
01/08/2025 – 09:35 AM
Upon completion, the 18MW project is expected to generate approximately $2 million annually in recurring revenues.
New York, New York–(Newsfile Corp. – January 8, 2025) – Alternus Clean Energy, Inc. (NASDAQ: ALCE) (“ALCE”, “Alternus” or the “Company”) a renewable energy company, today announced that construction on the first of its eleven solar projects in Italy is scheduled to commence in Q2 2025. This milestone solidifies Alternus’ expansion into one of Europe’s most promising solar energy markets. The project, expected to be completed by mid-2026, is expected to generate over $2 million in annual revenue, over its anticipated 30-year lifespan, with an estimated 80% EBITDA margin. In addition, if the Company elects to sell once the project is operational, it could realize $7 million in cash proceeds. The remaining portfolio is projected to achieve similar development status in Q4 of this year and Q1 of 2026.
The project recently achieved all of its relevant permitting and has successfully completed the first 60 days of a challenge period. Construction will commence in Q2 2025 following the mandatory waiting period. This progress underscores Alternus’ ability to manage complex regulatory and operational processes efficiently.
Vincent Browne, CEO of Alternus, stated, “2025 is off to a strong start with the achievement of this pivotal milestone in our Italian portfolio. I am immensely proud of our team’s dedication and excited about the opportunities as we continue to deliver long-term value for our investors, partners, and communities. Once the entire portfolio becomes operational, we anticipate generating over $25 million of long-term positive income streams annually. Additionally, if we decide to sell the portfolio in its entirety it could yield approximately $50 million in equity value. This positions the Company to optimize returns for shareholders effectively. We look forward to continuing to work with our partners in Italy to further expand this high value, high margin segment of our business.”
“We remain steadfast in our mission to lead the renewable energy revolution by providing clean, sustainable energy solutions that create lasting value for stakeholders while addressing global climate challenges. This first Italian project is not only a significant milestone but also a blueprint for our future success,” concluded Mr. Browne.
About Alternus Clean Energy, Inc.:
Alternus is a transatlantic clean energy independent power producer. Headquartered in the United States, we currently develop, install, own, and operate utility scale solar parks in North America and Europe. Our highly motivated and dynamic team at Alternus have achieved rapid growth in recent years. Building on this, our goal is to reach 3GW of operating projects within five years through continued organic development activities and targeted strategic opportunities. Our vision is to become a leading provider of 24/7 clean energy delivering a sustainable future of renewable power with people and planet in harmony. For more information, please visit https://alternusce.com/.
Forward-Looking Statements
Certain information contained in this release, including any information on the Company’s plans or future financial or operating performance and other statements that express the Company’s management’s expectations or estimates of future performance, constitute forward-looking statements. When used in this notice, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Such statements are based on a number of estimates and assumptions that are subject to significant business, economic and competitive uncertainties, many of which are beyond the control of the Company. The Company cautions that such forward-looking statements involve known and unknown risks and other factors that may cause the actual financial results, performance or achievements of the Company to differ materially from the Company’s estimated future results, performance or achievements expressed or implied by the forward-looking statements. These statements should not be relied upon as representing Alternus’ assessments of any date after the date of this release. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236395
FAQ
When will ALCE begin construction on its first Italian solar project?
Alternus Clean Energy will begin construction on its first Italian solar project in Q2 2025.
How much annual revenue will ALCE’s first Italian solar project generate?
The 18MW project is expected to generate approximately $2 million in annual recurring revenue with an 80% EBITDA margin.
What is the total expected annual income from ALCE’s entire Italian portfolio?
Once all eleven projects become operational, Alternus expects to generate over $25 million in annual income streams.
What is the potential equity value if ALCE sells its entire Italian portfolio?
If Alternus decides to sell the complete Italian portfolio, it could yield approximately $50 million in equity value.
When will ALCE complete its first Italian solar project?
The first Italian solar project is expected to be completed by mid-2026.
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