Alternus Energy Inc. (OTC: 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 of ground and rooftop parks in operation in Italy with further expansion in both countries ongoing. The company has recently completed the acquisition of 10MW of rooftop parks in Germany. ALTN is also currently expanding to the Netherlands and exploring projects in other European countries for continued growth.
Alternus Energy acquires multiple independent solar parks within several countries so that income streams are generated from a diverse portfolio rather than a few large parks within one regulatory regime. In-country diversification of plants coupled with international diversification ensures that the economic, environmental and financial risk is spread out over multiple jurisdictions. Company strategy is that no more than 25% of group revenues will come from a single geography in medium term and beyond that the target is less than 15% from a single geography.