HARNESSING THE LIMITLESS
POWER OF THE SUN

One solar park at a time

Alternus Acquires 64.6 MWp Polish Witnica Solar Park

Vision

The world is currently undergoing a crucial and essential revolution in renewable energy and Alternus Energy’s core goal is to be part of this revolution in supporting the transition from a fossil fuel-based economy to a sustainable, renewables-based economy. The company aspires to be a conscientious driver in the green energy transition. The company’s solar PV parks produce clean green energy and replace polluting, greenhouse gas emitting, fossil fuel based energy. Europe is a leader in renewables and the solar industry is one of the fastest growing in the world. Alternus Energy intends to take full advantage and play its part in the transition to the green economy.

Mission

Alternus Energy’s mission is to become a leading pan-European independent power producer (IPP). As part of its core goal the company is committed to growing its portfolio of clean energy solar PV parks across Europe with a target to own and operate at least 3.5 GW of solar PV parks by 2025. At this level, Alternus Energy will help to avoid approximately 3.5 million tons of CO2 equivalent emissions annually equating to the carbon sequestered from 58 million trees seedlings grown over 10 years or the removal of 760,000 fossil fuel-based passenger vehicles off the road. The company intends to achieve this through responsible acquisition of solar PV parks across multiple countries, thus maximizing macro-environmental factors that support the long-term growth of solar PV and renewable energy and cater for the ever-growing need for clean energy. The company’s strategy allows it to enhance return on investment opportunity and maximize shareholder values while also ensuring alignment with its core goal of supporting the ongoing green energy transition. 

Solar

Solar Energy is a limitless renewable source of energy that does not emit any harmful CO2 emissions when producing electricity. Photovoltaic module technology harnesses the power of the sun to covert light into DC electricity through an environmental and sustainable process.

“The sun delivers more energy to earth in an hour than is used worldwide in a year. We can harness this energy by using solar technologies” (SEAI.ie)

Projects

PORTFOLIO
  • 130 MWp installed solar PV capacity across 24 solar parks
  • Geographically diversified across five European jurisdictions with significant political and environmental support
  • All assets contracted on long term government-backed Feed-in-Tariff (FiT) or Power Purchase Agreements (PPA) with investment grade counterparties
MARKET OVERVIEW
  • 3.6 GWp of solar PV operational by end of 2020
  • Solar Power Europe forecasted target of 11.9 GWp by 2024
  • National Energy and Climate Plan (NECP) target of 7.3 GWp by 2030
  • NECP 2030 target to be supported by government-backed auction and long term PPAs
MARKET OVERVIEW
  • 1.4 GWp of solar PV operational by end of 2020
  • Solar Power Europe forecasted target of 3.3 GWp by 2024
  • National Energy and Climate Plan (NECP) target of 5.1 GWp by 2030
  • NECP target to be supported by government-backed schemes in addition to enabling long term PPA’s between electricity providers and consumers outside of centralized markets
MARKET OVERVIEW
  • 9.2 GWp of solar PV operational by end of 2020
  • Solar Power Europe forecasted target of 24.2 GWp by end of 2024
  • National Energy and Climate Plan (NECP) target of 27 GWp by end of 2030
  • NECP target to be supported by government-backed contracts
MARKET OVERVIEW
  • 21.3 GWp of solar PV operational by end of 2020
  • As of 2021, Italy holds a 16% share of the EU solar market
  • Solar Power Europe forecasted target of 27.6 GWp by 2024
  • National Energy and Climate Plan (NECP) target of 51 GWp by 2030
  • NECP 2030 target to be supported by government-backed contracts and PPAs
MARKET OVERVIEW
  • Continues to be the largest solar market in the EU
  • 54.6 GWp of solar PV operational by end of 2020
  • Solar Power Europe forecasted target of 81.5 GWp by 2024
  • National Energy and Climate Plan (NECP) target of 98 GWp by 2030
  • NECP target to be supported by government support schemes