Alternus Energy Inc (OTCMKTS:ALTN)

Alternus Energy Inc (OTCMKTS:ALTN)


Share Price
$ 0.27
Change
-0.0108 (-3.84 %)
Market Cap
$35.91 m
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Alternus Energy Inc

Alternus Energy Inc. (“ALTN”) is an international green energy producer that owns and operates a diverse portfolio of PV Solar Parks that connect directly to national power grids on long-term government supply contracts. This provides very predictable and measurable income streams over the long term.

The company currently has 6.1MW of ground mounted parks in operation in Romania and 3MW...

EPIC: ALTN
Market: OTCMKTS:ALTN
52-week High/Low: $0.58 / $0.02
Sector: Cleantech and Renewable Energy [T3]
Market Cap: $35.91 m
Website: alternusenergy.com
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Big Picture – A Deep Dive Examination of Alternus Energy Inc


Alternus Energy Inc Snapshot

Italy
ALTN currently own and operate 3MW of ground and rooftop Solar PV Parks in Italy with 5MW under exclusivity contracts and ready to close in Q2 2019. The overall focus is to ramp up the acquisition of parks to 50MW in Italy in 2019. All parks benefit from Italian government Feed-in-Tariff revenues guaranteed for 20 years from initial operating year.

Germany
ALTN expanded operations to Germany in 2018, the primary focus being the acquisition and development of small to medium size utility scale rooftop and ground mounted Solar PV Parks. This includes commercial and industrial size rooftop projects of less than 750KW of solar power per project. ALTN have partnered with local developers and EPC operators to develop and build a minimum of 200MW of rooftop and ground mounted Solar PV Parks over the next 3 years with 10MW now complete.

All parks will benefit from German government Feed-in-Tariff revenues guaranteed for 20 years from initial operating year. Installations that are less than 750KW in size are automatically approved for the 20 year FiT incentives but also at a pre-determined FiT rate rather than an auction process.

Romania
ALTN currently own and operate 2 x Solar PV Parks in Romania with a total installed power capacity of 6.1MW. The company is looking to expand operations in Romania in 2019.

Vincent Browne
Chief Executive Officer and Chairman

Bringing a wealth of experience in both listed and private companies covering all aspects of finance and management, Vincent has an extensive background in finance and operations, including experience in merger & acquisitions, project finance and capital market transactions for both public and private companies. Since 2008, he has worked predominantly the US public markets as CEO/CFO of OTC listed companies and as a consultant to others involving M&A, spin outs, 10K and S1 SEC filings and corporate restructuring. From 2000 to 2005 founded numerous technology startups. He previously held the position of Head of Procurement with Esat Telecom Group, Ireland’s premier competitive telecom operator, quoted on NASDAQ. He holds a Bachelor of Commerce (Accounting) from University College Dublin and is also a contributor in commercialization of research and technology projects with the Technology and Enterprise Campus at Trinity College Dublin. Vincent joined the company in 2014 as CFO and became the CEO in September 2017 driving the company’s global expansion.

Joseph Duey
Chief Financial Officer

Joseph has over 20 years’ experience successfully developing, constructing and financing utility scale solar and wind generating assets.  His experience includes key operating management, finance and audit functions.  Prior to joining Alternus Energy, Joseph served as CFO of Green States Energy, Inc. (GSE), an independent power producer focused on developing, acquiring, owning and operating clean energy generation. He helped grow the company from zero assets to over $70M of assets and over $7M of annual long term contracted revenue in a 3 year period. He was the Controller for Power Partners a division of MasTec (MTZ). The Power Partners group installed over 3,500MW of wind assets in the United States as an electrical contractor over a 7 year period. Other positions have included various finance and operations roles with Fortune 500 manufacturing companies, including the SPX Corporation and the Goodrich Corporation. At Goodrich, at the time a $5B public company, he was the Manager of Consolidations Planning and Analysis which comprised over 40 consolidating entities in 17 countries. His early career experience was at Arthur Andersen, where he performed external, internal, and operational audits for Fortune 1000 Companies. He received an MBA from the University of Illinois and achieved CPA, CMA, CIA, and CFM designations.

Taliesin Durant
General Counsel

Taliesin joined Alternus Energy Inc. as General Counsel in December 2018.  Taliesin has served in senior operating roles in a variety of corporate and public enterprises for almost twenty years, providing general corporate legal advice and services.  Most recently she was the President of Dart Business Services LLC, a company she founded in 2010. Dart provided consulting services to a few small public and private companies, similar to those provided by a general counsel or in-house counsel and corporate secretary.  Prior to founding Dart, she was Chief Legal Officer and Corporate Secretary of Flint Telecom Group, Inc. Prior to that, she spent 8 years at Semotus Solutions, Inc. as General Counsel and Corporate Secretary. At Semotus she was part of the team that took the company from its listing on the OTC Markets to Amex and then to Nasdaq. Taliesin graduated with a BA in Economics from Connecticut College and is a member of the California State Bar Association, having earned a Juris Doctor degree at Northwestern School of Law at Lewis and Clark College and completed her final year at Santa Clara University School of Law.

 

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Alternus Energy HQ
One World Trade Centre
Suite 8500
New York
NY 10007

European Operational Centre
Suite 11
Plaza 212
Blanchardstown Corporate Park 2
Dublin
D15 PK64

[email protected]

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