---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-086086"
form_type: "8-K"
ticker: "ALCE"
cik: "0001883984"
company_name: "Alternus Clean Energy, Inc."
filed_at: "2024-10-08T23:59:59+00:00"
generated_at: "2026-05-30T18:18:46.369766+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Alternus Clean Energy sells Solis subsidiary for €1, removes $100M debt, loses 98% of revenue

## Summary
- Solis (98% of H1 2024 revenue) sold to bondholders' vehicle Solis Trustee Special Vehicle Limited for €1 on October 3, 2024.
- Debt and payables removed approximate $100 million; shareholder equity improves by approximately $45 million.
- Solis (Romania operations) will be recorded as discontinued operations; Alternus retains no Romanian business.
- Vincent Browne and John McQuillan resigned as directors of Solis and its subsidiaries.
- Alternus expects to reposition toward microgrids and battery storage; joint venture with Hover Energy previously announced.

## SEC filing metadata
- accession: 0001213900-24-086086
- form_type: 8-K
- ticker: ALCE
- cik: 0001883984
- company_name: Alternus Clean Energy, Inc.
- filed_at: 2024-10-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1883984/000121390024086086/0001213900-24-086086-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1883984/000121390024086086/ea0217043-8k_alternus.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-086086
- JSON: https://secwatch.observer/filing/0001213900-24-086086.json
- Plain text: https://secwatch.observer/filing/0001213900-24-086086.txt

## Key facts
- M&A Transactions
  Alternus Clean Energy, Inc. completed a disposition involving Solis Bond Company DAC (closed 2024-10-03).
  - Action: disposition
  - Counterparty: Solis Bond Company DAC
  - Closing: 2024-10-03
  source text: The consummation of the Transfer completed on 3 rd of October 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1883984/000121390024086086/0001213900-24-086086-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.