Alternus Buys 60% Stake In Unisun Energy

Alternus Energy Buys 60% Stake In Netherlands-Based Clean Energy Group Unisun Energy, Adds Over 250 MW Of Solar Projects At Various Stages Of Development

Alternus Buys 60% Stake In Unisun Energy

With Alternus Energy acquiring 60% stake in Netherlands-based clean energy group Unisun Energy Holding B.V, the company will be adding over 250 MW of solar projects at various stages of development. (Photo Credit: Lalanta71/Shutterstock.com)

  • Alternus Energy acquires, for cash and shares, a 60% stake in Netherlands-based clean energy group Unisun Energy Holding B.V
  • Alternus paid €650,000 in cash and around €150,000 in shares
  • This deal makes Alternus a fully vertically integrated independent solar power producer, with activities across the solar power chain
  • This deal also provides the company a strong platform to grow in the Netherlands, adding over 250 MW of solar projects at various stages of development

Pan-European independent power producer Alternus Energy told investors that it has acquired, for cash and shares, a 60% stake in Netherlands-based clean energy group Unisun Energy Holding B.V. For the majority stake in Unisun Energy, Alternus paid €650,000 ($792,356) in cash, and around €150,000 ($182,851) in shares (with 50,000 new shares issued).

This deal makes Alternus a fully vertically integrated independent solar power producer, with activities across the solar power chain and also provides the company a strong platform to grow in the Netherlands, adding over 250 MW of solar projects at various stages of development.

Speaking about the development, Alternus CEO Vincent Browne said, “Unisun has a highly experienced and dedicated team that has a proven track record in successfully delivering high quality renewables projects in multiple countries in Europe. With this team and along with our recently recruited and experienced CTO, Gary Swan, we now have the proven ability to develop and construct our own solar PV parks.”

Browne believes that this capability will allow the company to reduce the initial build costs and generate long term operational savings. He also plans to effectively execute its current 1.4 GW contracted backlog.

The previous two owners will retain a 40% ownership and will remain with the business as CEO and COO of Unisun Energy.

About The Author

Subscribe To Newsletter


Top Solar Modules Listing

Latest Videos

Loading...
Subscribe To Our Taiyang NewsLetter 
Enter your email to receive our daily solar sector updates.