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

By June 6, 2019 August 15th, 2019 No Comments

June 6th 2019 / News Source – proactive investors.com

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

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 andrew.kessel@proactiveinvestors.com

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