Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 130

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 130
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 aspects of its business, target markets and industry segments, financing options, and partner availability as markets mature as countries reach their targeted renewable energy generation. The Market Alternus currently operates in two key regions, Europe and the United States. We believe both regions are currently experiencing unprecedented market forces creating a generational opportunity as the world continues its world is on a one- time, permanent transition from fossil to clean energy and rushes to addresses the power shortfall given growth in AI and onshoring of industrial activities – particularly in the US. 89 In the US the Inflation Reduction Act supported renewables through tax equity extensions and increases in order to grow the renewable significantly by 2030. It’s not just about climate anymore in Europe, it is now also all about energy independence, driven by the recent geopolitical turmoil in the region. This is encapsulated in the comment by Mrs. von der Leyen, President of the European Commission who states that “Energy security is one of the most pressing topics for Europe. The EU will diversify away from Russian fossil fuels and will invest heavily in clean renewable energy.” Renewables in Europe are in a clear direction of growth, with forecasted growth targets being over four times the current size by just 2030. The EU has unveiled massive support packages, both financial and regulatory, to speed up this deployment. Our entry into the microgrid market segment within these two regions is driven by the growing demand from corporates and other actors to become more grid independent as the power grids age and struggle to keep up. They also wish to offset their own increased power usage and to prove out their green credentials to their shareholders and customers alike. The Alternus Hover joint venture will aim to turn the built environment into a sustainable power source to address bot the macro environment and micro individual customer needs. Given our transatlantic operations, integrated operating model and strong execution track record, management coupled with long-term ownership and stable, predictable income streams, management believes that Alternus represents an attractive opportunity for investors on both sides of the Atlantic to actively participate in both the European and American energy transitions. Solar Market Continues Strong Growth as Leading and Lowest Cost Renewable Source In 2023, 447 GW of solar capacity was grid-connected globally, representing an extraordinary 87% growth over the 239 GW added the previous year, establishing yet another global annual installation record for the sector. This brought the total operating solar fleet to 1,624 GW by the end of 2023, surpassing the Terawatt milestone achieved in May 2022.