logo-loader
viewAlternus Energy Inc.

Alternus Energy inks operations and maintenence agreement with renewable energy company BayWa

BayWa will provide monitoring, maintenance and inspections for Alternus’ solar energy operations

Solar panels
Alternus Energy operates Utility Scale Solar parks internationally and sells clean energy on government contracts to European power grids

Alternus Energy Inc (OTCMKTS:ALTN) shares are shining after the company announced early Thursday it was teaming up with fellow renewable energy provider BayWa r.e.on its European solar projects.

The companies signed a Master Operations and Maintenance agreement, under which BayWa will provide monitoring, maintenance and inspections for Alternus’ solar energy operations in Germany, Italy, Romania and the Netherlands.

The company's stock rose 11% to $0.34.

WATCH: Alternus Energy explains why 2019 is an inflection year for the solar power company

“We are excited to work with BayWa. Partnering with a global firm like BayWa provides added protection and assurance that our solar parks are running at optimum output and well maintained for the future,” CFO Joseph Duey said.

Alternus Energy operates Utility Scale Solar parks internationally and sells clean energy on government contracts to European power grids.

Contact Andrew Kessel at [email protected]

Follow him on Twitter @andrew_kessel

Quick facts: Alternus Energy Inc.

Price: 0.195 USD

PINK:ALTN
Market: PINK
Market Cap: $13.58 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Alternus Energy Inc. named herein, including the promotion by the Company of Alternus Energy Inc. in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Alternus Energy audits show 'solid financial base' to progress towards...

Alternus Energy Inc (OTCMKTS:ALTN) CFO Joseph Duey tells Proactive Investors the renewable energy company, has completed its 2018 annual financial audit. Duey says the audit shows investors the company has a solid financial base, and says the company is working on completing the process...

on 07/29/2019

2 min read