Alternus Clean Energy, Inc. announced on November 12, 2024, the completion of the sale of certain special purpose vehicles (SPVs) to Alternus Energy Group Plc (AEG), its majority shareholder. This transaction resulted in the removal of approximately $30 million in debt and payables from Alternus's consolidated financials.
The sale also improved Alternus's shareholder equity by approximately $4 million. Cumulatively, Alternus has now reduced its total debt by approximately $130 million, leading to an improvement in shareholders' equity exceeding $50 million through recent divestments and discontinuation of non-core activities.
In a related strategic move, Alternus has relocated its headquarters from Fort Mill, South Carolina, to 17 State Street, New York, NY. This relocation aims to position the company closer to its financial partners and the broader investment community, supporting its evolving strategy as a comprehensive energy provider.
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