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