Alternus Clean Energy subsidiary signs definitive agreement to sell 11.8 MW solar park in Netherlands for €9.7M

Alternus Clean Energy, Inc.

Solis Bond Company (ALCE subsidiary) to sell 100% of Zonnepark Rilland B.V. to Theia Investment (Netherlands) 1 B.V.
Purchase price approx. €9.7M ($10.5M), subject to adjustments, plus repayment of shareholder loans.
Sale includes 11.8 MW solar farm in Rilland, Netherlands; proceeds to pay down Solis Bond.
Closing expected no later than Feb 28, 2024, subject to customary conditions precedent.
EY acted as sole financial advisor to Alternus.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Alternus Clean Energy, Inc. entered into Rilland SPA with Theia Investment (Netherlands) 1 B.V. valued at approximately €9.7 million (approximately $10.5 million) (effective 2024-01-16).

Action: entry
Agreement: asset purchase
Counterparty: Theia Investment (Netherlands) 1 B.V.
Value: approximately €9.7 million (approximately $10.5 million)
Effective: 2024-01-16

Exact text from the filing

On January 16, 2024, Solis Bond Company Designated Activity Company (“ Solis ”), a company incorporated under the laws of Ireland and indirect wholly owned subsidiary of Alternus Clean Energy, Inc. (the “ Company ”) entered into a Share Purchase Agreement (the “ Rilland SPA ”) by and among Solis and Theia Investment (Netherlands) 1 B.V., a private limited liability company formed under the laws of the Netherlands (“ Theia ”).

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Source: SEC EDGAR

accession 0001213900-24-003818

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